Volcanic reports 14.8m @ 3.96 g/t gold and 1,097 g/t silver, including 2.2m @ 9.79 g/t gold and 2,035 g/t silver, and 1.85m @ 5.6 g/t gold and 2,801 g/t silver at Holly Project, Guatemala

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"Volcanic reports 14.8m @ 3.96 g/t gold and 1,097 g/t silver, including 2.2m @ 9.79 g/t gold and 2,035 g/t silver, and 1.85m @ 5.6 g/t gold and 2,801 g/t silver at Holly Project, Guatemala\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n July 16, 2021 - TheNewswire -\n \n Vancouver, British\nColumbia – Volcanic Gold Mines Inc. (TSXV:VG)\n \n (OTCVLMZF)\n \n is pleased to report further high grade\ndrill results from La Peña vein at the Holly Project in Guatemala.\n \n \n Hole HDD-21-004 at La Peña vein intersected 14.8m at 3.96 g/t Au and\n1,097 g/t Ag.  This is the deepest intercept on the La Pena vein\nsystem to date with silver grades increasing with each step down.\n \n \n Additionally, below the La Peña vein drill hole 4 cut a zone of\ndisseminated silver mineralization grading 378 g/t Ag over 9.15m\nwithin the footwall of the vein (not included in the reported\nintercepts).  This silver mineralization was finely disseminated in\naltered volcanic rocks without significant veining.  The overall\nsilver interval with La Peña vein and footwall disseminated silver\nmineralization returned 34.6m at 574 g/t Ag.  The hole stopped a few\nmeters after the disseminated silver interval, with the final meters\nnot assayed.\n \n \n This new style of silver-only disseminated mineralization was not\npreviously recognized on the property. Holly has a multi-phase\nmineralizing system with silver/gold ratios from 1-to-1 to 1,000-to-1\nindicating multiple mineralizing pulses. As well, new veins are being\nintersected in the drilling unmapped at surface, with some exhibiting\nvisible gold and ginguro banded sulfides in the core.\n \n \n Simon Ridgway, Volcanic’s President and CEO, commented: “It is\ngreat to see La Peña vein developing as a robust gold/silver system.\n We are currently drilling hole HDD-21-021, stepping out along strike\nof La Peña vein which does not appear to be a narrow shoot.”\n \n \n Assays received from holes HDD-21-005 / 006 / 007 / 008, which\ntargeted the El Pino vein system, cut weaker mineralization. However\nthe El Pino vein zone is exposed over 100m higher than La Peña, so it\nmay warrant more work.\n \n \n The next assays due to be received and reported are from holes\nHDD-21-009 through Hdd-21-012 which tested the Alpha vein zo...

More updates from Volcanic Gold Mines Inc.