Vulcan Minerals Inc., a precious and base metals exploration company, reports that it has started drilling at its wholly-owned Colchester copper or gold property situated in Newfoundland.
A minimal program of 1500 m will help test the Andrews Pit geophysical target, which offsets the historic main Colchester copper or gold deposit. Also, the western flank of the Colchester deposit and the McNeily showing will be drill tested.
The Colchester area comes under the bigger Springdale property which hosts several historic copper and gold deposits and showings, none of which have been explored enough with the benefit of sophisticated digital geological and geophysical modeling.
Our ongoing work at the Springdale/Colchester property 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.
Patrick Laracy, President, Vulcan Minerals Inc.
Laracy continued, “The current drill program will focus on high resolution induced polarization anomalies to test for new mineralization as well as calibrate the new data to historic occurrences.”
“The Springdale property contains a diversity of gold and copper prospects, is road accessible and near significant mining services including drilling companies, field services and an analytical laboratory. As such it makes for an exciting project in an advantaged area and is a key exploration asset for the Company,” added Laracy.
South Voisey’s Bay
Furthermore, Vulcan Minerals notes, in follow up to its option agreement with Fjordland Exploration Inc. that Fjordland declared on October 6th that it has introduced a new electromagnetic ground survey on its regional South Voisey’s Bay nickel copper-cobalt project located in Labrador, of which the Vulcan option is a part.
The survey was financially supported by Ivanhoe Electric Inc., a privately owned US corporation guided by CEO and Co-Chair Robert Friedland. Fjordland added that “positive survey results are expected to lead to a drill program in 2022.”