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Volcanic Reports Bonanza Grade Gold Discovered Across Wide Areas at Mila Target, Guatemala
(TheNewswire) News Release Shares issued 45,551,210 VG close - C$0.165 Octobe...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Volcanic Reports Bonanza Grade Gold Discovered Across Wide Areas at Mila Target, 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 News Release\n \n Shares issued 45,551,210\n \n VG close - C$0.165\n \n \n \n \n \n October 11, 2023 – TheNewswire -\n \n \n Vancouver, British Columbia – Volcanic Gold Mines Inc.\n(TSXVVG) (“Volcanic” or the “Company”) is pleased\n \n \n to provide an exploration update on the high-grade Mila\nprospect in the Motagua Norte project in Guatemala.\n \n \n \n \n Highlights of the gold discoveries at the Mila\nprospect:\n \n \n \n \n \n \n Concentration of bonanza-grade and visible gold in\nquartz veins over a 250 x 570 m area.\n \n \n \n \n \n \n Continuous line rock chip sampling across mixed\noutcrop, subcrop, boulder fields of 34 m averaging 42 g/t gold and 24\nm averaging 54 g/t gold.\n \n \n \n \n \n \n High-grade gold in both quartz veins and stockwork\nquartz in the wallrock suggests wide zones of gold\nmineralization.\n \n \n \n \n \n \n Visible gold in quartz veins identified in new areas to\nthe south and west of Mila.\n \n \n \n \n \n \n Orogenic gold-silver deposit with significant depth\npotential.\n \n \n \n \n \n \n Trenching and drilling planned to establish the\ngeometry, width and grade of the gold mineralization.\n \n \n \n \n \n \n \n \n The Company’s initial\nprospecting samples returned exceptional gold grades at Mila prospect\n(see news release\n \n \n Sept 1, 2022\n \n \n ).  In order to\ndetermine whether the very high gold grades (many samples above 1 oz\ngold / tonne) were the result of selective sampling or widespread\nacross the target zones, a program of continuous 2 m chip sampling was\nconducted across mixed terrain of outcrop, subcrop and float boulders.\nIn these areas it is not possible to be sure of true widths, and\nsampling was conducted to define the distribution of gold\nmineralization and target trench and drill priorities.\n \n \n \n \n Map of the Cirilo 1 exploration licence showing the\nlocation and gold grade of 513 rock chip samples collected during\ninitial prospecting.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n High-grade gold assays and visible gold occur in both\nq...