Nov 24 2021Reviewed by Alex Smith
Vulcan Minerals recently announced that its drilling program at its 100% owned Colchester copper/gold project in Newfoundland has been completed.
Approximately 1511 m have been drilled covering 8 scout holes testing a range of targets within mafic volcanic sequences. Drilling at one hole was done to test the western flank of the historic Colchester deposit. Three holes tested the significant portion of the McNeilly zone that has not been explored much and four holes tested induced polarization (IP) anomalies on the new Andrews Pit area.
More than a few stringer and disseminated sulfide zones were detected comprising chalcopyrite with variable associations of pyrite, pyrrhotite, and sphalerite, the importance of which will not be known until assays are tested.
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 sulfide zones visually similar to the stringer zones historically encountered in the Colchester area.
Patrick Laracy, President, Vulcan Minerals
“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,” Patrick Laracy added.
The Colchester project falls under the larger Springdale property which hosts many historic gold and copper deposits and showings, none of which have been sufficiently explored with the benefit of advanced digital geophysical and geological modeling. The Springdale property is accessible by road and near major mining services including field services, drilling companies, and an analytical laboratory.
Maritime Resources Corp. is at present redeveloping the Hammerdown gold mine about 5 km southwest of the Springdale property.