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Volcanic Gold Provides Exploration Update

(TheNewswire) 2021-11-04 - VG - News Release Shares issued 44,878,0...

articleVolcanic Gold Mines Inc.November 4, 20215/company/volcanic-gold-mines/news/volcanic-gold-provides-exploration-update-1
Volcanic Gold Provides Exploration Update

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"Volcanic Gold Provides Exploration Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n 2021-11-04 - VG - News\nRelease\n \n \n \n \n \n Shares issued 44,878,000\n \n \n \n \n \n VG close -\n \n \n C$0.64c,\n \n \n W/C +$8.6 Million\n \n \n \n Vancouver, British Columbia –\n \n TheNewswire -\n \n \n NOVEMBER 4, 2021\n \n –\nVolcanic Gold Mines Inc. (TSXV: VG) reports on the progress of its\nexploration activities in Guatemala.\n \n \n \n Holly Project\n \n \n \n The next round of drilling at Holly will focus on resource definition\nat La Peña vein system which has to date delivered high-grade and\nconsistent drill results, including recently published:\n \n \n HDD-21-017\n \n \n \n 8.83m @ 8.81 g/t Au and 355 g/t Ag\n(\n \n \n \n Sep 9, 2021)\n \n \n \n \n \n HDD-21-019         1.53m @ 191.8 g/t Au and 539 g/t\nAg (Oct 5, 2021)\n \n \n \n \n And\n \n 6.52m @ 11.72 g/t Au\nand 340 g/t Ag\n \n \n \n HDD-21-020         5.40m @ 4.38 g/t Au, 350 g/t Ag\n \n (\n \n Oct 5, 2021)\n \n \n \n HDD-21-023\n \n 4.58m @ 79.84 g/t Au and 5,053 g/t Ag\n \n \n (\n \n Oct 19,\n2021)\n \n \n \n \n Field crews have continued detailed mapping and sampling at Holly\nproject.  This work has identified new drill targets on splay\nstructures of the Jocotan fault where 2 large zones of mineralized\nbreccia have been mapped and are coincident with high grade soil and\nrock chip results (Figure 1).\n \n \n The Company plans systematic drill testing of these new targets\nincluding the Jocotan splay faults and to continue testing the\nextensions, both strike and dip, of La Peña vein system.  Assays are\nstill pending on drill holes HDD-21-024 to 028 and the samples from\nthe detailed rock chip sampling of the Jocotan splay targets.\n Drilling will recommence at Holly once outstanding assays have been\nreceived and interpreted.\n \n \n As part of the ongoing community support programs, the Company is\ncurrently working with the local communities around Holly to increase\nwater supply. Several wells in the region are dry and good water\nsupply is a significant issue for the local villages. In co-operation\nwith the local communities, the Company is working on water resource\nand  hydrogeological studies and assisting with improving the water\ninfrastructure of the c...

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