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Vulcan Minerals Inc. - Advances Newfoundland Zinc - Lead Exploration
ST. JOHN'S, NL / ACCESSWIRE / June 27, 2024 / Vulcan Minerals Inc. ("the Company" - "Vulcan") (TS...
About this update from Vulcan Minerals Inc.
[{"type":"text","content":"Vulcan Minerals Inc. - Advances Newfoundland Zinc - Lead ExplorationST. JOHN'S, NL / ACCESSWIRE / June 27, 2024 / Vulcan Minerals Inc. (\"the Company\" - \"Vulcan\") (TSX-V:VUL), is pleased to provide the following exploration update on its 100% owned Carbonear project in eastern Newfoundland.Highlights:Significant zinc and lead soil geochemical anomalies identifiedGravity survey completed in two test areas with positive resultsHistoric core resampledSoil GeochemistryThe Company completed an extensive soil geochemical program in 2023 (1243 samples) in addition to a 2022 (636 samples) soil program. Sampling was primarily focussed along a magnetically anomalous zone in favourable structure as identified from high resolution airborne magnetic and LIDAR surveys completed by the company in 2022. All samples reported were analysed by SGS Canada Inc. The areas of primary interest are located within the 2023 soil grid particularly north and south of Gull Pond as per maps below covering the 2023 soil survey.The Gull Pond area exhibits strongly anomalous zinc and lead values. A total of 125 samples exceed the 90th percentile value of 70 parts per million (ppm) lead with 13 samples exceeding the 99th percentile of 298 ppm. These values range up to a maximum of 0.1630% lead (1630 ppm). Regarding zinc, 126 samples exceed the 90th percentile value of 72 ppm with 13 samples exceeding the 99th percentile value of 207 ppm. These values range up to 628 ppm zinc. These results confirm the regional historic results for zinc and lead which is consistent with the area being one of the highest multi-element geochemical anomalies in Newfoundland based on lake sediment and stream sediment data.Figure 1: Carbonear Project Soil Geochemical Sampling - 2023 Pb ppm (Percentile)Figure 2: Carbonear Project Soil Geochemical Sampling - 2023 Zn ppm (Percentile)Gravity SurveyBolstered by the favourable soil results, the Company completed a ground gravity survey over the Gull Pond north and south grids in May. The survey was designed as a test program to detect any near surface density anomalies that may be associated with zinc-lead sulfide bodies and to determine if the magnetic anomalies observed have any gravity correlation. Sedimentary exhalative deposits (SEDEX) occur stratigraphically within certain favorable beds. At Carbonear, based on previous drilling (se...