Ankündigung • Feb 07
Vulcan Minerals Inc. Announces Drilling Program Update for the Carbonear Zinc-Lead SEDEX Project in Newfoundland Vulcan Minerals Inc. announced that it has completed the first hole of a drilling program at the Carbonear Project in eastern Newfoundland. The initial program was planned for approximately 1,200 meters in six holes, but due to weather-related access issues the program has been suspended until Spring. Project Summary. The property contains a late Precambrian marine sedimentary sequence prospective for sedimentary exhalative zinc, lead and other metals (SEDEX deposit) based on several geological characteristics. These include the geologic setting within a thick sequence (greater than 6 km) of marine basinal shale, siltstone and sandstone including turbidite deposits containing lead and zinc mineralization. Over the last few field seasons, the Company has methodically acquired extensive geochemical soil data combined with historic soils, stream and lake bottom samples to identify a multi-element anomaly associated with a stratigraphic zone of distinct magnetic character. This also coincides with a gravity anomaly. The current focus is on a 2-kilometer section of the stratigraphic zone of interest that extends greater than 12 kilometers along strike with an average width of 1.5 kilometers. The company previously released a compilation of assays from the historic drill program in this area. Drilling is warranted based on a methodical exploration process over the last few years. In addition to the general prospective geologic setting described herein, several data sets have been acquired supporting the SEDEX potential of this area as reviewed below. Magnetic Data. The Company acquired an airborne high resolution magnetic, VLF electromagnetic and Lidar survey over the complete property at 200-meter line spacing for a total survey length of 1,267 line kilometers. Cross faults within the zone of interest are also interpreted based on magnetic discontinuities and surface mapping. They represent favorable targets because they may provide mineral fluid conduits through the sedimentary sequence. Lidar data, which provides high resolution topographic data assisted with the overall structural interpretation to confirm the location of cross faults. current exploration is focussed on such an area within the regional trend. Geochemistry. As previously reported, the Company completed an extensive soil geochemical program amounting to 1,879 samples focused along the magnetically anomalous zone in favourable structures. The Gull Pond area exhibits strongly anomalous zinc and lead soil values. A total of 125 samples exceed the 90th percentile value of 78 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 (1,630 ppm). Regarding zinc, 126 samples exceed the 90ththth percentile value of 72 ppm with 13 samples exceeding the99th 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. current drill program is focussed on one of the most anomalous zinc-lead areas. Bolstered by favourable magnetic and geochemical soil results, the Company completed a ground gravity survey over the Gull Pond north grid in 2024. The survey consisted of a total of 17 line kilometers at a 200 meter spacing for an approximate coverage of 2.25 square kilometres. The survey identified a positive bouguer gravity and residual anomaly coincident with the magnetic and soil anomalies, constituting a compelling drill target. Carbonear - Infill Sampling Historic Drill Holes. Prior historic drilling in the Gull Pond North area consisted of a total of five shallow holes to test ground electrical conductors. The Company has applied for further financial grants pursuant to the JEA program in respect to work carried out on the Carbonear project. Ankündigung • Oct 09
Vulcan Minerals Inc., Annual General Meeting, Dec 05, 2025 Vulcan Minerals Inc., Annual General Meeting, Dec 05, 2025. Location: newfoundland and labrador, st johns Canada Ankündigung • Dec 06
Vulcan Minerals Inc. Provides Exploration Update on Its 100% Owned Colchester/Springdale and Carbonear Projects in Newfoundland Vulcan Minerals Inc. provided the following exploration update on its 100% owned Colchester/Springdale and Carbonear projects in Newfoundland. Highlights: Drilling underway at the McNeilly zone of the Colchester Property; Sampling of historic core at Carbonear extends mineralized intervals. Colchester/Springdale (Copper-Gold): Further to recent Induced Polarization (IP) survey at the McNeilly zone, the Company has commenced a 5 hole drill program to test some IP anomalies towards expanding the volcanic massive sulphide copper-gold deposit. Previous IP surveys by the Company and historic operators have shown a positive correlation to mineralized zones. The 2024 survey extended a previous IP survey on the Colchester main deposit to the north and helps establish the relationship with the McNeily deposit. Maps outlining the drilling program will be provided upon completion of drilling and assay results. Field work on the Springdale project in 2024 consisted of preliminary prospecting to follow up previously identified soil geochemical anomalies. Activities focused on the gold potential in favourable geological structures in the vicinity of the Pine Pond/Maple Leaf showings. An historic trail was rehabilitated in late 2023 allowing easier access to the Pine Pond area. Sampling at the Seahorse Pond showing, which occurs approximately 750 metres northeast of Maple Leaf, returned up to 7.59 g/t Au and 1.02 g/t Au in pyrite-rich quartz vein grab samples. Prospecting north of, and parallel to, the Maple Leaf showing uncovered strong iron-carbonate-chlorite alteration zones with pyrite-chalcopyrite-galena bearing quartz-carbonate veins yielding assay results of up to 2% Pb with 0.18 g/t Au in grab samples. Results are being compiled and interpreted in the context of mineralized trends. Further prospecting and mapping will be required to fully evaluate the new mineralization and related geochemical anomalies. Carbonear (Zinc-Lead): The Carbonear property has the potential to host sedimentary exhalative zinc-lead deposits (SEDEX). Based on previous drilling and mapping, certain sedimentary beds within the property contain disseminated pyrrhotite and lesser sphalerite (zinc) and galena (lead) mineralization. Bolstered by favourable geochemical soil results from 2022 and 2023, the Company completed a ground gravity survey over the Gull Pond north and south grids in 2024. The survey identified positive residual gravity anomalies correlating with the magnetic signature of the prospective zone. Prospecting confirms that the prospective zone for mineralization is formal and can be traced for several kilometers, consistent with a SEDEX type environment. Drilling is planned for 2025. Ankündigung • Sep 03
Vulcan Minerals Inc., Annual General Meeting, Nov 01, 2024 Vulcan Minerals Inc., Annual General Meeting, Nov 01, 2024. Location: newfoundland, st johns Canada Ankündigung • Jul 10
Vulcan Minerals Inc Provides the Exploration Update on its 100% Owned Colchester/Springdale and Red Cross Lake Projects in Central Newfoundland Vulcan Minerals Inc. provided the following exploration update on its 100% owned Colchester/Springdale and Red Cross Lake projects in central Newfoundland. Further to our ongoing work on this project, the Company has commenced an Induced Polarization (IP) survey at the McNeilly zone where the Company has had recent drilling success in expanding the volcanic massive sulphide copper-gold deposit (see news January 12, 2024). Previous IP surveys by the Company and historic operators have shown a positive correlation to copper zones. McNeilly appears to exhibit more than one copper zone based on recent drilling in 2023. This survey will help distinguish the trend of these zones. The survey will tie into a previous IP survey on the Colchester main deposit to the north and help establish the relationship between the two deposits. The survey consists of 20 line kilometers and will assist in directing further drilling. The Company wishes to acknowledge the financial support of the Junior Exploration Assistance Program and the Provincial Critical Mineral Assistance Program administered by the Dept of Industry, Energy and Technology of NL in the amount of a $150,000 grant towards exploration work carried out in 2023 on the Colchester/Springdale project. Red Cross Lake (Nickel-Copper): As part of a proposed exploration program at Red Cross Lake, the Company applied for environmental approval for a river crossing at the outflow of Red Cross Lake to permit access for exploration and drilling activities. The project was registered with the NL Dept of Environment and Climate Change on May 09, 2024 and released from further review with conditions on June 20, 2024. Ankündigung • Jun 29
Vulcan Minerals Inc Provides the Exploration Update on its 100% Owned Carbonear Project in Eastern Newfoundland Vulcan Minerals Inc. provided the following exploration update on its 100% owned Carbonear project in eastern Newfoundland. The Company completed an extensive soil geochemical program in 2023 (1,243 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 (1,630 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. The only reported drill holes on the project area were drilled in 1997. A total of ten holes were drilled for 1014 meters to test weak HLEM ground electrical conductors north and south of Gull Pond. Given that the Company's recent work has enhanced the prospectivity of this general area, the company resampled Holes CP-97-08 and CP-97-10 to better ascertain the tenor of mineralization previously identified. These holes contain anomalous zinc mineralization over a potential stratigraphic interval of approximately 100 meters based on 23 historic core samples in Hole CP-97-08 (average 0.38% Zn) and 10 historic core samples in Hole CP-97-10 (average 0.25% Zn). Following relogging of the core at the Newfoundland and Labrador government core storage facility it was felt that further sampling of these holes was justified based on numerous indications of finely disseminated mineralization. To confirm and better define the tenor of mineralization, an additional 31 samples over 42.5 m in Hole CP-97-08 and 26 samples over 47 m in Hole CP-97-10 were taken for assay. Mineralization consists of disseminated sulphides in turbiditic siltstones and secondary fracture fillings. Details related to resampling assays will be released when results are compiled and interpreted. Ankündigung • Mar 22
Vulcan Minerals Inc Provides Exploration Update on Its Springdale Copper-Gold Project in North Central Newfoundland Vulcan Minerals Inc. provided the following exploration update on its Springdale Copper-Gold project in north central Newfoundland. In 2023 the Company discovered a new zone of shear-zone hosted gold bearing quartz veins at the "Teapot" prospect while conducting ground follow up on soil geochemical sampling completed in 2022. Mineralization at Teapot consists of gold in chalcopyrite, galena and sphalerite bearing quartz veins hosted in sheared mafic volcanic rocks. Sheared mafic rocks are traceable for up to 500 metres in discontinuously exposed outcrop. Thirty-three rock samples were collected in the Teapot area. Eight samples assayed greater than 100 parts per billion (ppb) gold with highlights of 6.65 grams per tonne (g/t) Au and 1.3 g/t Au. The showing requires prospecting along the full extent of the shear trend to evaluate its significance. GroundTruth Exploration Inc. (GroundTruth) conducted soil geochemical surveys over two grids in the Springdale project namely at Pine Pond and West Brook. A total of 923 soil samples were collected over the two grids. Sampling was carried out on 100m spaced grid lines with 50m sample intervals. The Pine Pond soil grid covers the Maple Leaf North, Maple Leaf South and Oak Leaf Prospects. Historical sampling at Maple Leaf North and Maple Leaf South include 55.4 g/t Au and 33.5 g/t Au in grab samples. Historical sampling at Oak Leaf includes 31.5 g/t Au and 19.3 g/t Au in grab samples and 840 g/t Au in heavy mineral stream concentrates. Results for 409 soil geochemical samples taken over the Pine Pond Grid indicate a linear, northeast-southwest oriented, gold in soil anomaly in the immediate vicinity of the Maple Leaf North prospect extending over 300m. The highest gold value in this anomaly is 125 ppb Au. A second northeast-southwest trending gold in soil anomaly extends over 200m approximately 100m south of the Oak Leaf prospect with a high value of 73 ppb Au. A 100m gold in soil anomaly with a high value of 73 ppb also occurs on the south end of the grid near Pine Pond Brook. Copper in soil anomalies are widespread at Pine Pond with the values concentrated near the Maple Leaf North (259 parts per million (ppm)) and to the southwest of Oak Leaf. The copper in soil anomaly at Oak Leaf is continuous over 300m with a high value of 514 ppm Cu. An historic trail was rehabilitated in 2023 providing access to the Pine Pond area which will facilitate further exploration work including ground follow up of all soil anomalies. The West Brook soil grid is located at the northern extent of the Springdale project. Results from 473 samples identify several gold in soil anomalies with 4 samples assaying between 50 - 100 ppb most notably along the West Brook valley fault. Copper in soil anomalies along this valley are more pronounced on the northwest side of the grid with 15 samples above the 98th percentile of 150 ppm. Vulcan used Eastern Analytical Ltd. (Eastern) and SGS Canada Inc. for analysis of rock samples in 2023. Eastern is located in Springdale, NL and is an ISO/IEC 17025 accredited laboratory. Vulcan employed Eastern's ICP-34 multi-element analysis package grouped with their gold by fire assay package and, for base metals assaying greater than detection limits, an "ore-grade" multi-acid digestion package by atomic absorption was used to finish the analysis. SGS Canada Inc. (SGS) analytical laboratories operate under a Quality Management System that complies with ISO/IEC 17025. Vulcan employed SGS' four-acid digestion /ICP-OES multi-element analysis package grouped with 30 g, fire assay, AAS finish for gold. A four-acid digestion /ICP-OES "ore-grade" analysis package is utilized for base metals assaying greater than detection limits. Rock samples were delivered by Vulcan to SGS in Grand Falls-Windsor for preparation prior to analysis at the SGS Burnaby laboratory. Vulcan contracted GroundTruth Exploration Inc. to complete the soil geochemical survey at the Springdale Gold Project. Soil traverses were carried out on 100m spaced grid lines with 50m stations. Samples were collected using hand augers to target C horizon soil. GroundTruth collected 4 field duplicate samples per 100 samples. Samples were delivered by GroundTruth to SGS in Grand Falls-Windsor for preparation prior to analysis at the SGS Burnaby laboratory. Vulcan employed SGS' two-acid leach /ICP-MS multi-element analysis. SGS's analytical laboratories operate under a Quality Management System that complies with ISO/IEC 17025 and undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Preliminary inspection of these control samples shows them to be within the expected limits. Ankündigung • Feb 09
Vulcan Minerals Inc. Provides an Update on Red Cross Lake Nickel-Copper-Cobalt Project in Central Newfoundland Vulcan Minerals Inc. announced impressive soil geochemical results from the Red Cross Lake Nickel-Copper-Cobalt Project in central Newfoundland. Highlights are as follows: Highlights: From the Government of NL database of 22,400 entries for till samples, the highest recorded nickel value is 2061 ppm. Vulcan's current survey contains three soil samples exceeding this value, namely 3,936 ppm, 2,914 ppm and 2,555 ppm nickel. 17 soil samples exceeding 1000 parts per million (ppm, 0.10%) nickel. Including best sample of 3,936 ppm nickel, 674 ppm copper and 230 ppm cobalt. In late 2023, 765 soil geochemical samples were taken over the Red Cross Lake intrusive suite (RCLIS) and surrounding volcanic and volcaniclastic sedimentary rocks. The RCLIS is a layered, mafic-ultramafic intrusion comprising peridotite, troctolite, olivine gabbro and a variety of further fractionated gabbroic phases. Detailed mapping and mineral-scale geochemistry demonstrates that nickel depletion in olivine within troctolite units has occurred and is locally significant, suggesting that nickel has been preferentially partitioned into an immiscible sulphide melt and segregated in the intrusion providing an excellent exploration target. The soil geochemical survey delivered highly anomalous nickel-copper-cobalt values with 41 samples above 500 ppm nickel including 17 samples greater than 1,000 ppm nickel (0.1% Ni) with the highest sample yielding 3,936 ppm (0.39% Ni). Nickel (Ni) values show a strong correlation with copper (Cu) and cobalt (Co). Twenty-four samples assayed greater than 200 ppm Cu (maximum of 1,142 ppm) and 22 samples assayed greater than 100 ppm Co (maximum 230 ppm). The highest Ni-Cu-Co values are coincident with and adjacent to a prominent magnetic high and electromagnetic conductor defined from an airborne VTEM survey which is interpreted, based on surface geology, to be related to the lower portion of the Red Cross Lake intrusion. Further, five samples assayed greater than 200 ppm gold within anomalous clusters on the margins of the geophysical anomalies suggesting association with the Victoria Lake sedimentary country rock into which the Red Cross Lake Intrusion penetrated. The Red Cross Lake property is immediately adjacent to the Marathon Gold, now Calibre Mining Corp., claims where a multi million-ounce gold deposit is currently is being developed. Their mining lease is approximately 3.5 kilometres to the west of Vulcan's claim boundary. Ankündigung • Jan 12
Vulcan Minerals Inc. Announces Impressive Copper - Gold Assay Results from the McNeily Drill Program Carried Out in Late 2023 as Part of the Company’s Colchester Project in Central Newfoundland Vulcan Minerals Inc. announced impressive copper - gold assay results from the McNeily drill program carried out in late 2023 as part of the Company’s Colchester project in central Newfoundland. Highlights are as follows: 15 meters of 1.21% copper and 0.51 grams per tonne gold including 6.75 meters of 2.38% copper and 1.01 grams per tonne gold in CL-23-13; 13.5 meters of 1.51% copper and 0.95 grams per tonne gold including 7.5 meters of 2.49% copper and 1.55 grams per tonne gold in CL-23-14. A total of 1,001 meters (m) were drilled over 6 holes within mafic volcanic rock sequences in the McNeily area. Stringer, disseminated and locally semi - massive sulfide zones were encountered containing chalcopyrite with variable associations of pyrite, pyrrhotite and minor sphalerite. Mineralization is associated with chalcopyrite within sheared and chloritized mafic volcanic rocks. Quartz and quartz/carbonate veining is locally developed. CL-23-13: Hole CL-23-13 was collared approximately 75 m south of CL-21-01 (Vulcan 2021 drill hole) and was drilled to a depth of 143.0 m. Notable intersections include 15.0 m of 1.21% Cu and 0.51 g/t Au from 8.0 m to 23.0 m including 6.75 m of 2.38 % Cu and 1.01 g/t Au from 11.0 m to 17.75 m. Within this interval one 1.5 m sample assayed 3.23% Cu and 1.15 g/t Au from 12.5 m to 14.0 m. CL-23-14: Hole CL-23-14 was collared approximately 50 metres north of CL-23-13 and was drilled to a depth of 131.0 m. Mineralization consists of disseminated and coarse stringer chalcopyrite and pyrite. Results include 26.0 m of 0.72% Cu and 0.9 g/t Au from 0 to 26.0 m including 4.5 m of 1.25% Cu and 0.19 g/t Au from 9.5 m to 14.0 m. The main mineralized interval in CL-23-14 includes 13.5 m of 1.51% Cu and 0.95 g/t Au from 48.5 m to 62.0 m including 7.5 m of 2.49% Cu and 1.55 g/t Au. One 1.5 m sample from 53.0 m to 54.5 m returned 4.85 % Cu and 3.56 g/t Au. CL-23-09: Hole CL-23-09 was drilled to a depth of 209 m approximately 25 m across strike from a trenched area where the McNeily zone is exposed. Chalcopyrite is present as narrow stringers and disseminations. Notable intersections include 6.5 m of 0.45% Cu and 0.95 g/t Au from 24.0 m to 30.5 m including 2.5 m of 0.90% Cu and 1.94 g/t Au from 24.0 m to 26.5 m. CL-23-10: Stepping out 50 m southwest of CL-23-09, this hole was drilled to 161 m to test mineralization at depth beneath an exposed trench. The main mineralized zone includes 5.0 m of 0.4% Cu from 35.0 to 40.0 m. A 1.8 m sample includes 2.71 g/t Au from 128 m to 129.8 m. CL-23-11: Hole CL-23-11 was collared 50 m southwest of CL-23-10 and drilled to a depth of 150 m. This hole was intended to test the extension of mineralization along strike of the exposed trench mineralization at McNeily. Results include 9.0 m of 0.73% Cu from 62 to 71 m including 3.5 m of 1.22% Cu from 63.0 to 66.5m. CL-23-12: Hole CL-23-12 was drilled 90 m southeast of CL-23-11 and 40 m southeast of CL-21-01. This hole was drilled towards the northwest to scissor hole CL-21-01 (14 meters of 2.31% Cu within a wider zone of 28 meters of 1.58% Cu). CL-23-12 was abandoned at 22 m due to hole conditions. Chalcopyrite occurs as coarse stringers and veinlets. Results include 0.87% Cu and 0.33 g/t Au over 5.5 m from 5 m to 10.5 m including 2.53% Cu and 0.70 g/t Au over 1.5 m from 5.5 m to 7.0 m. A 10 m interval from 12.0 m to 22.0 m includes 0.89 % Cu and 0.23 g/t Au including 2.80% Cu and 0.86 g/t Au over 1.5 m from 12.5 m to 14.0 m. CL-23-12A: Hole CL-23-12A was drilled approximately 5 m northeast CL-23-12. It was drilled to 185.0 meters. Mineralization includes 0.26% Cu and 0.19 g/t Au over 7.5 m from 12.5 m to 20.0 m, 0.35% Cu over 4.5 m from 24.5 m to 29.0 m and 0.23% Cu over 10.5 m from 98.0 m to 108.5 m. The drill program was successful in delineating and extending the McNeily zone to the south. 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. These prospects occur within close proximity to each other and provide excellent advanced exploration targets towards resource definition. The Springdale property is road accessible and near significant mining services. Vulcan used SGS Natural Resources (SGS) for all sample assaying in this drilling program. SGS Natural Resources analytical laboratories operate under a Quality Management System that complies with ISO/IEC 17025. Vulcan employed SGS’ four-acid digestion /ICP-OES multi-element analysis package grouped with 30 g, fire assay, AAS finish for gold. A four-acid digestion /ICP-OES “ore-grade” analysis package is utilized for base metals assaying greater than detection limits. Vulcan employed the use of standard reference materials for quality control at a rate of 5% of total samples. SGS undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Preliminary inspection of these control samples shows them to be within the expected limits. Ankündigung • Oct 25
Vulcan Minerals Inc. Provides an Exploration Update on Its Activities in Newfoundland and Labrador Vulcan Minerals Inc. provided an exploration update on its activities in Newfoundland and Labrador as follows: Drilling successfully encounters McNeily copper sulphide zone - assays pending; New geochemical soil sampling completed at Red Cross Lake; Colchester/McNeily Copper-Gold. Further to the August 01, 2023 new release, 7 holes totaling 1001 meters have been drilled at the McNeily zone within the Colchester project of north-central Newfoundland. Drilling focussed on further delineating mineralization encountered in previous drilling. Copper and gold mineralization at McNeily is hosted in several stringer, disseminated and locally semi - massive sulfide zones outcropping at surface and continuing at depth and along strike. Mineralization is associated with abundant chalcopyrite with variable pyrite, pyrrhotite and sphalerite within sheared and chloritized mafic volcanic flows. Increased gold content generally correlates with higher zinc grades. The current drill program successfully encountered the McNeily zone. All mineralized samples have been shipped to the laboratory for analysis, with results pending. Red Cross Lake: At Red Cross Lake in central Newfoundland, the company has completed a soil geochemical survey with the collection of 761 samples. The survey area covers several electromagnetic anomalies identified in the company's 2021 airborne VTEM survey. These anomalies have the potential to be related to magmatic nickel - copper deposits. The property's nickel potential was first recognized by Falconbridge in 2005 who carried out a curory shallow drill program to test electromagnetic conductors derived from ground surveys. Disseminated nickel and copper were intersected but there is no record of follow up by Falconbridge. Inspection and sampling of that historical drill core by the company indicates sulfide textures and characteristics favorable for magmatic sulphide concentration. Also, the soil grid location will test some of the geologic structures on the property which immediately offset Marathon Gold Corp.'s (Marathon) property to the west where Marathon is currently constructing a new gold mine. The Red Cross property is favorably located for cross cutting structures extending eastward from the Marathon property.ular float was discovered on the property by Falconbridge in 2005 which assayed 5.8 grams gold per tonne. All geochemical samples have been sent to the laboratory with assay results pending. Results will determine the nature of the next round of exploration on the property. Ankündigung • Sep 16
Vulcan Minerals Inc., Annual General Meeting, Nov 07, 2023 Vulcan Minerals Inc., Annual General Meeting, Nov 07, 2023. Ankündigung • Aug 29
Vulcan Minerals Inc. Announces Positive Feasibility Study for the Great Atlantic Salt Project Vulcan Minerals Inc. announced that Atlas Salt Inc., an affiliated company, has released the results of a Feasibility Study (FS) and updated Mineral Resource estimate prepared by SLR Consulting (Canada) Ltd. (SLR) on the Great Atlantic Salt Project (Great Atlantic, or the Project), located in western Newfoundland, Canada. The FS represents a significant economic improvement over the Preliminary Economic Assessment (PEA) released by Atlas January 31, 2023. The FS demonstrates robust economics based on 2.5 million tonnes per year (Mtpa) of production over a 34-year mine life with a pre-tax net present value (NPV) at an 8% discount rate of $1.017 Billion (Cdn) and an internal rate of return (IRR) of 23%. In addition, SLR has also provided an expansion case to 4.0 Mtpa of salt production over a 47.5-year mine life presented at a Preliminary Economic Assessment (PEA) level analysis demonstrating a robust upside production scenario with an NPV at 8% of $2.015 Billion (Cdn) and a pre-tax IRR of 28%. The expansion case is based on Probable Mineral Reserves, with the remainder being Inferred Mineral Resources. Inferred Mineral Resources are considered too geologically speculative to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the production forecasts on which the expansion case is based will be realized. The FS includes the expansion of the Indicated Mineral Resources, and first-time declaration of Mineral Reserves (in million tonnes (Mt): Indicated Mineral Resources totaling 383 Mt at 96.0 % NaCl; Inferred Mineral Resources totaling 868 Mt at 95.2 % NaCl; Probable Mineral Reserves totaling 88.1 Mt at 96% NaCl. The conversion of Inferred to Indicated Mineral Resources (and subsequent conversion to Probable Mineral Reserves) has been limited by the target of an initial 34-year mine life. It is anticipated that further upgrading of Mineral Resources to Mineral Reserves will be carried out from underground during the production phase. Key elements of the Project are designed to accommodate mine and processing expansion of up to 4.0 Mtpa and to extend the mine life beyond 34 years. Great Atlantic would stand out as a low-cost producer and the first major underground salt mine in North America designed to be accessible by declines as opposed to shafts. Designed to minimize environmental impact by utilizing electrified equipment. Ankündigung • Aug 02
Vulcan Minerals Inc. Provides an Exploration Update on Its Activities in Newfoundland and Labrador Vulcan Minerals Inc. provided an exploration update on its activities in Newfoundland and Labrador as follows: Drilling commences at the Colchester/McNeily zone; Geochemical soil sampling at the Springdale Project completed; Geochemical soil sampling at Carbonear completed. Drilling has commenced at the McNeily zone within the Colchester project with the mobilization of the drill rig and crew. Drilling will focus on further delineating mineralization encountered in Vulcan's 2021 drill program as well as from historic trenches and drill holes. The program will consist of approximately 1,000 meters of diamond core drilling. Copper and gold mineralization is hosted in several stringer, disseminated and locally semi - massive sulfide zones outcropping at surface and continuing at depth and along strike. Mineralization is associated with abundant chalcopyrite with variable pyrite, pyrrhotite and sphalerite within sheared and chloritized mafic volcanic flows. Increased gold content generally correlates with higher zinc grades. Drilling highlights from the 2021 program include up to three mineralized zones in each hole. In CL-21-01, the main mineralized zone was intersected between 88 m and 116 m and returned assays of 1.58% Copper (Cu) 0.33 grams per tonne gold (g/t Au) over 28 m, including several 0.5 m samples over 1 g/t Au. Within that wider interval is a higher-grade zone of 2.31% Cu, 0.51 g/t Au over 14 m. In CL-21-02, a 20 m wide zone contained 1.23% Zn and 0.34 g/t Au including a 5 m interval of 3.26 % Zn and 0.67 g/t Au. Holes CL-21-01 and 02 both contain enriched Zn and Au values near the bottom of the holes suggesting mineralization continues at depth. Springdale Gold: In late 2022, 457 soil samples were taken over the Pine Pond West grid where two regional faults intersect along an oblique splay structure. This area has potential for orogenic gold in quartz veins and copper/gold mineralization. The Pine Pond grid delivered highly anomalous gold values with 10 soil samples assaying greater than 100 parts per billion (ppb) gold with the highest sample yielding 1540 ppb (1.54 g/t gold). Prospecting of the anomalous areas is ongoing. The Maple Leaf showing occurs approximately 4 km along strike where quartz veins have yielded up to 54 g/t gold with associated heavy mineral concentrate stream samples yielding up to 840 g/t gold from historic sampling by Noranda. A grid over the Maple Leaf showing was partially sampled in late 2022 and has now been completed with a total of 454 soil samples taken. In addition, a third grid has been added at Western Brook where reconnaissance historic results indicate gold anomalies in soil and stream sediments. A total of 492 soil samples have been taken focussing on favorable geologic structures. All samples have been dispatched to SGS Canada’s laboratory for processing and analysis. Results will direct future prospecting, trenching and other follow up work. Carbonear SEDEX Base Metals and Gold: The Carbonear project is an early stage exploration venture designed to evaluate the sedimentary exhalative zinc – lead (SEDEX) potential in an area with geologic attributes similar to other major SEDEX deposits worldwide. These attributes include a late Precambrian clastic sedimentary basin sequence of black shale/siltstone/sandstone containing substantial turbidite sequences containing lead and zinc mineralization. Significant unexplained gold and other poly-metallic geochemical signatures are also present in the historic data which require explanation. The company is in the process of completing an extensive soil geochemical program which was initiated in 2022. As of July 21, 2023, a total of 1303 samples have been collected, 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 have been shipped to SGS Canada's laboratory for analysis. 
