Business
Volcanic updates on progress at Holly Property and other developments in Guatemala
(TheNewswire) Shares issued 45,543,710 VG Close - C$0.355 W/C...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":" Volcanic updates on progress at Holly Property and other developments in Guatemala \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Shares issued 45,543,710 VG\n \n \n \n \n Close - C$0.355\n \n \n \n \n W/C +$7.5 Million cash\n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n Volcanic Gold Mines Inc.\n(TSXV:VG) (“Volcanic” or “the Company”) is pleased to report\non the progress made at the Holly Property.\n \n \n \n \n Government Progress\n \n \n \n \n The Presidential Commission for Peace and Human Rights\nheld the first coordination meetings with institutions and authorities\nat the national, departmental, and municipal levels during the past\nfew weeks regarding the incidents that took place at the Holly\nproperty on February 23rd of this year.\n \n \n \n \n From these meetings it is clear that the Central\ngovernment and Departmental government of Chiquimula support the Holly\nproject and will work with Volcanic to regain the social licence.  \nVolcanic looks forward to a resolution of the issues and a resumption\nof work at the project and corresponding news flow.\n \n \n \n \n Holly Project Gold Discovery and New\nExploration Opportunities\n \n \n \n \n The gold and silver discovery we have made at Holly is\nsignificant. It is a high-grade vein deposit that could be mined from\nunderground, causing very little surface disruption.  It will not\nrequire a processing plant as in the near future there will likely be\ntwo mills in operation within trucking distance.  We are in the\nprocess of concluding an inferred resource calculation and from that\nwe will generate an approximate value of the deposit that has been\ndiscovered to date.  Further, the deposit is open in all directions.\n We will continue to move forward at a pace that will protect the\ninvestment we have made and the value we have created.\n \n \n \n \n Elsewhere in the country the Company is actively\nreviewing the land position it optioned when we signed the agreement\nwith Radius Gold Inc on June 1\n \n \n st\n \n \n 2020.\n Several of the areas have been reviewed, some have been rejected and\nthe concession applications cancelled. To date, three have shown\nsignificant promise and the Company is going through the process of\ngetting these concessions granted.  Ther...