Business
Vulcan Minerals Inc. Successfully Completes its Colchester Drilling in Newfoundland
ST. JOHN’S, Newfoundland and Labrador, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL), is pleased to announce comp
About this update from Vulcan Minerals Inc.
[{"type":"text","content":" ST. JOHN’S, Newfoundland and Labrador, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL), is pleased to announce completion of its drilling program at its 100% owned Colchester copper/gold project in Newfoundland. A total of 1511 meters were drilled over 8 scout holes testing a variety of targets within mafic volcanic sequences. One hole was drilled to test the western flank of the historic Colchester deposit. Three holes tested the central portion of the underexplored McNeilly zone while four holes tested induced polarization (IP) anomalies on the new Andrews Pit area. Several stringer and disseminated sulfide zones were encountered containing chalcopyrite with variable associations of pyrite, pyrrhotite and sphalerite, the significance of which won’t be known until assays are received. Patrick Laracy, President, remarked, “Our drilling program is part of a larger objective to fully evaluate the copper and gold endowment of this extensively mineralized area within a volcanic, intrusion and vein hosted environment. The current program was successful in intersecting copper sulphide zones visually similar to the stringer zones historically encountered in the Colchester area. The results will assist in calibrating the new data to historic mineral occurrences. We believe this project has the potential to add significant tonnage to the historically reported resources. As well, we look forward to expanding the program in 2022 to further investigate the underexplored gold occurrences within the larger Springdale property area.” The Colchester project is part of the larger Springdale property which hosts numerous historic copper and gold deposits and showings, none of which have been adequately explored with the benefit of modern digital geophysical and geological modelling. The Springdale property is road accessible and near significant mining services including drilling companies, field services and an analytical laboratory. A review of the relevant data with maps is available in the corporate presentation at the company’s website landing page, www.vulcanminerals.ca. Maritime Resources Corp. is currently redeveloping the Hammerdown gold mine approximately 5 kilometers southwest of the Springdale property. About Vulcan Vulcan Minerals is a precious and base metals exploration company based in...