Vulcan Minerals Inc., a precious and base metals exploration company based in St. John’s, Newfoundland, offers an update on its exploration.
Colchester Springdale Drilling Update
The Company is still awaiting the findings of the drill evaluations. In late 2021, 1511 m were drilled across eight scout holes at Colchester to evaluate several prospects within mafic volcanic sequences.
Various stringer and disseminated sulfide zones containing chalcopyrite with diverse combinations of pyrite, pyrrhotite and sphalerite were discovered. The strategy was effective in connecting copper sulfide zones and stringer zones that were visually similar, which were previously reported in the Colchester region.
A sum of 621 samples were cut and sent for assay. Delay in obtaining test results is caused by backlogs in the laboratory. The results are expected in the following two to three weeks. They will be made available following compilation and inspection.
The Colchester project is part of the larger Springdale property, which has considerable ancient copper and gold deposits and showings. They were never thoroughly analyzed utilizing the current digital geophysical and geological modeling. The Springdale site is easily accessible by road and is close to important mining services.
New Project Generation
As part of its continuous plan to exploit its geology knowledge base in Newfoundland and Labrador, the Company continues to generate and stake new gold and base metal prospects.
An extensive land package has been purchased, and more validation and strategy work are underway. The Company will publish a summary of these properties as well as the exploration strategy once the work is completed.
Newfoundland and Labrador is one of the most exciting mineral exploration destinations in the world given its high geologic prospectivity coupled with recent discoveries. We believe that the province will be a significant player in the tremendous upside potential of the mineral exploration business as it responds to the increasing demand for minerals to facilitate a transition to cleaner energy solutions.
Patrick Laracy, President, Vulcan Minerals Inc.