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Volcanic Gold Mines Reports Results and Commencement of Drilling at Holly Property
February 3, 2022 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) (OTC:VLMZF) reports results received from two holes drilled in
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"February 3, 2022 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) (OTC:VLMZF) reports results received from two holes drilled in October 2021 at the Holly property, Guatemala. “We are pleased to see results from the Holly property which provide positive information for our team,” commented Simon Ridgway, President and CEO of Volcanic Gold. “We look forward to expanding the system further with the pending assay results and the commencement of additional drilling this month.” 2021 Drilling Summary Drillholes HDD-21-024 and 025 were drilled on the potential northern extension of the La Peña vein system, hosted in Paleozoic schistose rocks on the north side of the Jocotan fault zone. A trail of quartz vein boulders, thought to be a combination of float and sub-crop, extended north downslope for over 500m. These two holes were drilled scissor under this boulder trail to confirm the northern extension of the La Peña vein system. While apparent structural zones hosting weak mineralization were intersected in both holes, with results up to 1.53m of 207 g/t Ag in hole 024, no significant gold mineralization was returned from these holes. With the continued drilling of the La Peña vein, Volcanic geologists have better defined the structure. The vein’s strike and dip in relation to the topography would indicate the vein passes east of the quartz float trail and drill holes HDD-21-024 and 025, and therefore, remains open and untested to the north in the Paleozoic schistose rocks. However, apart from hole HDD-21-015 that cut 15.55m @ 7.67 g/t Au and 615 g/t Ag in the schistose rocks, no other holes have returned strong mineralization in this rock unit. Results from holes HDD-21-026 to -029 are still pending. Like many companies in the sector, we are suffering from significant laboratory turn-around times. To mitigate this, we have shipped equipment into Guatemala in order to crush our own drill core and surface rock samples. This allows us to ship directly to the assay laboratory eliminating the long waits at the preparatory lab. Upcoming Drilling Plan Drilling will commence within the first week of February. The focus will be extending the La Peña vein system to the south in the younger volcanics and sediments where hole HDD-21-023 cut 4.58m @ 79.84 g/t Au and 5,053 g/t Ag, 200m south of Hole HDD-...