Volcanic Gold update on drilling at Mila Gold Discovery, Guatemala

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"Volcanic Gold update on drilling at Mila Gold Discovery, Guatemala\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \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$0.255\n \n \n \n \n March 4, 2024 – TheNewswire -\n \n \n Vancouver, British Columbia – Volcanic Gold Mines Inc.\n(TSXV-VG) (“Volcanic” or the “Company”) and joint venture\npartner Radius Gold Inc. (TSXV: RDU) are pleased to present an update\non the first-pass drilling campaign that is ongoing at the Motagua\nNorte Project.\n \n \n \n \n Drilling to date has confirmed that the broad area of\nboulder float with abundant visible gold and bonanza grade assay\nresults discovered by Company geologists is underlain by a\nserpentinite package, and that all of the colluvial boulders of quartz\nand schists bearing the high-grade gold values have likely moved\ndownslope from a major structural corridor that we have named the Veta\nMadre Fault Zone.\n \n \n \n \n The Veta Madre Fault contains a wide quartz vein that\nhas been known for some time, and where sampled, has returned\nrelatively high silver and lead results but poor gold numbers.  It is\na massive vein, forming in places a vertical, impassable wall. Flute\nmarks and slickensides on the vein show near-vertical fault movement.\nHowever, in the area uphill from the Mila quartz float field, the vein\nis not exposed.  The drill program conducted to date has cut 6 m to\n15 m of colluvium composed of quartz and schist float, bearing visible\ngold in places, before passing from this colluvium into a serpentinite\npackage.  With the drill data in hand it appears that the green\nschists and serpentinite contact is at the Veta Madre Fault Zone, and\nthe Mila zone within this major structural corridor is the target to\nbe tested.  Drilling of this target is underway and drill pads are\nbeing prepared along the strike of the structure.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n Map showing the extent of the\ncolluvial fan of bonanza-grade gold mineralized quartz boulders at the\nfoot of a broken section of the Veta Madre Fault Zone. Drill pads\n(black circles) with planned drill direction to the southwest (black\nlines) shown...

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