Business
Volcanic Gold provides update on activities in Guatemala
(TheNewswire) News Release Shares issued 45,551,210 VG close - C$0.235 W/C +$6....
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Volcanic Gold provides update on activities in Guatemala\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n News Release\n \n Shares issued 45,551,210\n \n VG close - C$0.235\n \n W/C +$6.5 million cash\n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire – September 1, 2022 -\n \n \n Volcanic Gold Mines Inc.\n \n \n (TSXV:VG) (“Volcanic” or “the Company”) is pleased\nto provide an update\n \n \n on the Company’s\nactivities in Guatemala.\n \n \n \n \n “During the summer of 2022, Volcanic delivered our\nfirst inferred mineral resource estimate of over 400,000 ounces gold\nequivalent*,” stated Simon Ridgway, President & CEO of Volcanic\nGold Mines Inc. “Reporting the resource estimate for the discovery\nat the Holly property was important to show the community in Guatemala\nthat we are developing a viable resource that will lead to a positive\neconomic influence on the area and offer well paying, much needed\nemployment for members of the community. We look forward to advancing\nour projects in Guatemala and being a positive influence toward\ncreating wealth and strong employment opportunities in the coming\nyears,” continued Mr. Ridgway.\n \n \n \n \n Holly Property\n \n \n \n \n The Company filed on SEDAR an NI 43-101 technical\nreport (see news release\n \n \n \n \n July 27,\n2022\n \n \n \n \n ) in support of the previously\nannounced maiden Inferred Mineral Resource Estimate for the Holly\nproperty, Guatemala (see news release\n \n \n \n \n June 9,\n2022\n \n \n \n \n ). The Mineral Resource Estimate\nis effective June 7, 2022 and is reported in accordance with the\nCanadian Institute of Mining, Metallurgy and Petroleum Definition\n‎Standards (2014) incorporated by reference in National Instrument\n43-101 - Standards of Disclosure for Mineral Projects.  A maiden\nInferred Mineral Resource of 406,316 oz Au Eq* has been estimated for\nthe first target, La Peña vein at Holly. The high grade La Peña vein\nremains open to expansion along strike and at depth. Several other\ndrill targets remain to be tested at Holly with potential for new\ndiscoveries.\n \n \n \n \n Volcanic continues to work closely with the local\ncommunities toward employment opportunities and educational outreach.\nThe communit...