Exploration Company Finishes Its 2017 Fieldwork in Green Bay

Exploration Company Finishes Its 2017 Fieldwork in Green Bay

November 30, 2017 ~ St. John’s based exploration company Vulcan Minerals announced recently that it has completed its 2017 field program in Green Bay. Vulcan has acquired three properties in this area over the last few years. (Property boundaries are shown roughly in the map above.) Its combined property here “is the core project for the Company.”

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The company stated their geologists did a “preliminary examination” of its properties in this area. The fieldwork was intended to help the geologists develop a better understanding of the known areas of copper and gold mineralization and the environments that are likely to have copper and gold.

The geologists collected 30 rock samples.

A team of prospectors also collected 135 soil samples from an area known as ‘Fallen Tree’, located in the south-central area of the Springdale Property.

The first property Vulcan picked up here is the Colchester area, which is accessible off Harry’s Harbour Road. At the Colchester area, four holes were drilled in late 2016 and Vulcan later announced it was pleased with the results and would conduct further evaluation and drilling. On February 28th Vulcan announced it got “high-grade copper and gold assays” from grab samples taken at Colchester. Twenty-six grab samples had been sent for assay. They say sixteen of those assayed above 1% copper, up to 17.8%. Seven assayed above 1 g/t gold, up to 8.7 g/t. The Colchester site, including the Old English, Colchester, and McNeilly mines, saw mining activity briefly in the late 1800s. The site also saw drilling in 1970 and in 2003.

Vulcan then acquired its Little Bay property earlier in 2017, by staking. The Little Bay property includes the past-producing Little Bay and Sleepy Hollow mines.  Well-known Little Bay Mine was operating in the 1960s, until 1968 when the collapse of a main pillar forced a closure. Vulcan Minerals stated in its March 2nd news release that “remaining copper resources, if any, at both mines, has not yet been determined.

Vulcan announced in a May 9th, 2017, news release that it also took on a third property here, the ‘Springdale Gold Property’, which is between Colchester and Little Bay. Of the property, President of Vulcan Minerals Patrick Laracy stated in the May 9th news release:

“The Springdale Gold Property contains high quality prospects adjacent to our more advanced Colchester Copper-gold project providing the opportunity for brand new discovery potential. It also allows for efficient use of resources to carry out our initial field evaluation this summer. [2017] The multiple gold showings in structurally favourable locations are excellent exploration targets in an area of proven gold production.”

[Map at very top is modeled after Vulcan Minerals maps and is not exact.]

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