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Vulcan Minerals Provides Projects Exploration Update
ST. JOHN’S, Newfoundland and Labrador, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL), is pleased to provide the f
About this update from Vulcan Minerals Inc.
[{"type":"text","content":" ST. JOHN’S, Newfoundland and Labrador, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL), is pleased to provide the following exploration update on its 100% owned projects. Highlights: Carbonear SEDEX Zinc/Gold project acquired – Magnetic, LIDAR and geochemical surveys completed Springdale Gold - geochemical survey completed over high grade gold trend New Project Generation – Carbonear The Company continues to generate and stake new gold and base metal projects as part of its ongoing strategy to leverage its geologic knowledge base in Newfoundland. As part of that strategy, the Company has staked the Carbonear Property in eastern Newfoundland consisting of 777 claims (19,425 hectares) for both sedimentary hosted zinc and gold potential. The area was originally identified (1980) for its sedimentary exhalative base metal potential (SEDEX) by Cominco, who operated the giant Sullivan SEDEX mine in British Columbia, one of the largest zinc/lead mines in the world. The Carbonear property contains one of the highest multi-element lake sediment geochemical anomalies in Newfoundland hosted in a favorable Late Proterozoic age sedimentary sequence. As part of the 2022 exploration program Vulcan has flown the entire property with a high resolution magnetic and VLF electromagnetic survey. Initial results have identified a kilometer- scale, magnetically anomalous zone that may relate to the multi-element geochemical signatures on the property. Additionally, the company flew a high-resolution LIDAR survey over the entire property. LIDAR provides a very detailed topographic image of the area allowing geologic faults and related structures to be mapped. The company has also carried out a soil geochemical sampling survey of the property. A total of 636 samples have been taken and submitted to the laboratory for analysis. Combined with the geophysical results these data will help direct exploration efforts in 2023. Patrick Laracy, President noted “The Carbonear project is an early-stage quest for a world class mineral deposit. Several favorable geologic factors have led us to this underexplored area at a time when global primary zinc sources are projected to be in decline. Gold indicators in this area are also very intriguing.” Springdale Update The Springdale property hosts numerous historic copper and ...