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Vulcan Minerals Acquires Land Position In Voisey's Bay District, Labrador
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Sept. 13, 2017) - Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE:VUL) announces that it has
About this update from Vulcan Minerals Inc.
[{"type":"text","content":"ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Sept. 13, 2017) - Vulcan Minerals Inc. (\"the Company\" - \"Vulcan\") (TSX VENTURE:VUL) announces that it has acquired a strategic land position in the South Voisey's Bay nickel-copper-cobalt project in Labrador. The Company's claims are directly adjacent to the Sandy and Sandy North targets that Fjordland Exploration Inc. and Commander Resources Ltd. (Fjordland/Commander) are currently preparing to drill as described in their news release of September 6, 2017. The Company's South Voisey's Bay Project comprises three licences containing a total of thirty claims as outlined on location maps at www.vulcanminerals.ca. The first licence contains twenty claims and is underlain by portions of the Worm Gabbro, which at surface is a north dipping elongated mafic intrusion that may be a conduit that connects the northern and southern portions of the Pants Lake Intrusion. The southwestern boundary of this licence is within 200 m of the surface expression of the Sandy Target, which is an electromagnetic anomaly identified by previous Fjordland/Commander geophysical surveys. The target lies on the Fjordland/Commander licences. Vulcan's licence was acquired to cover the possible downdip extension of the Sandy Targets. The Company's second licence contains two claims that are underlain by the Sarah Hill-South Intrusion, which hosts the highest grade over width averages for nickel from previous drilling in the South Voisey's Bay project. Drill holes encountering low-grade nickel-copper occur within 500 m of this licence, but no holes are reported within the licence. The third licence contains eight claims underlain by the Mineral Hill intrusion. The South Voisey's Bay project area contains the Pant's Lake mafic intrusive complex which was first explored for nickel following the 1993 discovery of the Voisey's Bay nickel-copper-cobalt mine, approximately 80 kilometers north. Several rounds of drilling and geophysics have established the intrusion's potential for significant accumulations of massive magmatic sulphides as described in the NI 43-101 Technical Report on the South Voisey's Bay Project Labrador for Fjordland/Commander by L. John Peters, P.Geo., Bernard Kahlert, P.Eng. and Darryn Hitchcock, P. Geo. (2015) as filed on Sedar at www.sedar.com. A powerful tool in nickel explorati...