Vulcan Minerals Inc.

Published : July 15th, 2016

Vulcan Minerals Inc. – Acquires Lizard Pond Gold Property in Newfoundland

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Keywords :   Gold | Magnesium | Silica |

Vulcan Minerals Inc. – Acquires Lizard Pond Gold Property in Newfoundland


Vulcan Minerals Inc. - Acquires Lizard Pond Gold Property in Newfoundland

News Release

July 14, 2016

Vulcan Minerals Inc. - Acquires Lizard Pond Gold Property in Newfoundland

St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ('the Company' - 'Vulcan' TSX-V:VUL) announces that it has acquired, by staking, the Lizard Pond gold property in central Newfoundland. The property consists of 62 claims (1550 hectares) covering five gold showings: Lizard Pond, Lizard Pond South, Lizard Pond Extension, Swan Pond and Breccia Pond. Of these, the Lizard Pond South showing has received the most attention, having initially yielded channel samples of 12.6 grams per tonne (g/t) gold over 0.4 metres and 6.6 g/t gold over 1.2 metres. Follow-up drilling included hole LP 87-01 which assayed 0.8 g/t gold over 15 metres (66.6-81.6 metres depth) including 1.0 g/t gold over 8 metres (72.6-80.6 metres depth). Approximately 500 metres east, the Lizard Pond Extension assayed 1.6 g/t gold over 5.4 metres (41.3-46.7 metres) in drill hole MO-90-10. The Breccia Pond showing is located approximately 1500 metres east of the Lizard Pond showing and yielded a channel sample of 3.2 g/t gold over 1.0 metre. Two rounds of drilling were conducted on the property in 1989 (totalling 510 m) and 1990 (totalling 1371 m) by different operators, most of which focused on delineating the Lizard Pond South showing. Prospecting by another operator in 2006 resampled (grab) the Lizard Pond South showing with up to 22 g/t gold and up to 8.2 g/t gold at the Lizard Pond Extension.

The gold prospects are hosted in ophiolitic ultramafic rocks and sediments of Lower Paleozoic age. They have been hydrothermally altered over several kilometers along a major fault zone. The gold occurs in vuggy chalcedonic and breccia and quartz veining within a larger silica-magnesite altered sequence in fault contact with gold enriched sediments. The property has not been surveyed with modern geophysical techniques. Given the wide distribution of gold occurrences, the scarcity of outcrop, the high grade nature of the showings where exposed at surface, and the apparent structural control of the hydrothermal alteration system, it is felt the property warrants appropriate geophysical investigation towards identifying potential traps for gold enrichment.

The property also contains a potentially significant deposit of magnesite, which is a prime source of magnesium. The company will evaluate the historical information regarding the nature of the deposit and its commercial potential. The information pertaining to the property is taken from historic assessment reports filed by past explorers with the Government of Newfoundland and Labrador Department of Natural Resources.

The Company is in the process of compiling all available information towards designing an exploration program. The company anticipates a 2016 program of geophysics and mapping towards identifying drill targets.The property is adjacent to the Baie d'Espoir highway approximately 50 kilometres south of the Town of Grand Falls-Windsor. Please refer to our webpage www.vulcanminerals.cafor location and general geology maps.

Patrick J. Laracy, P. Geo, President, is the qualified person responsible for the contents of this news release as defined in National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors beyond the Company's control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.

For information please contact:

Patrick J. Laracy, President

(709) 754-3186

[email protected]

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Vulcan Minerals Inc.

ISIN : CA9289451044
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Vulcan Min. is a silver and gold exploration company based in Canada.

Vulcan Min. holds various exploration projects in Canada.

Its main exploration properties are KINGURUTIK, TL, FLAT BAY, BUFFALO HILLS, MEDICINE HAT, CARBONEAR and GOOSE SOUTH in Canada.

Vulcan Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 21.4 millions as of today (US$ 17.1 millions, € 15.0 millions).

Its stock quote reached its highest recent level on June 06, 2008 at CA$ 1.59, and its lowest recent point on November 08, 2019 at CA$ 0.02.

Vulcan Min. has 58 530 000 shares outstanding.

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Corporate Presentations of Vulcan Minerals Inc.
9/25/2012-Corporate Presentations
Financings of Vulcan Minerals Inc.
12/24/2008Closes Private Placement
12/19/2008 acquires further interest in Parson’s Pond Private Placemen...
Nominations of Vulcan Minerals Inc.
8/28/2008NWest Energy Appoints New Board Members
Project news of Vulcan Minerals Inc.
4/2/2013(Tasisuak Lake)Closes Acquisition of Tasisuak Lake Nickel/Copper/PGE Proper...
2/14/2013(Tasisuak Lake)Acquires Tasisuak Lake Nickel/Copper/PGE Property Interest
6/29/2011(Bay St. George Nl)Petroleum Exploration Update
2/17/2011(Bay St. George Nl)Exploration Update
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
2/17/2009(Flat Bay)Vulcan Minerals Inc. - Flat Bay Core Drilling Commences
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
5/21/2008(Tl)Labrador Nickel-Copper Airborne Geophysical Surveys Complete...
Corporate news of Vulcan Minerals Inc.
7/15/2016Vulcan Minerals Inc. – Acquires Lizard Pond Gold Property in...
5/12/2016Vulcan Minerals Announces that Red Moon Potash has released ...
5/12/2016Vulcan Minerals Inc. – Acquires Colchester Copper-Gold Proje...
1/14/2016Red Moon Releases Additional Salt Results
10/26/2015Red Moon Potash Initiates NI 43-101 Mineral Resource Assessm...
7/23/2014Red Moon Potash-Drilling Update
7/15/2014Vulcan's Board of Directors Adopts Advance Notice Policy
7/3/2014Red Moon Potash Inc.: Salt/ Potash Drilling Commences in Wes...
6/2/2014Red Moon Potash/Vulcan Minerals Inc. Close $500,000 Private ...
5/26/2014Red Moon Potash/Vulcan Minerals Inc. Agree to $500,000 Priva...
10/15/2013Athabasca Mineral Permits Issued to Vulcan Minerals Inc.
9/16/2013Stakes Athabasca Uranium Claims
6/28/2013Bay St. George Petroleum Update
6/12/2013Red Moon Potash Inc./Vulcan Minerals Inc. - Close Private Pl...
6/6/2013-Red Moon Potash Commences Drilling Program in Western Newfo...
5/22/2013- Finances Red Moon Potash Inc.
4/9/2013Drilling Proposed on Western Newfoundland Royalty Lands
5/18/2011to Spin Out New Company Focussed on Potash Exploration
2/17/2011Exploration Update
6/8/2010Well Testing Update
4/13/2010$4,210,000 Financing
9/15/2009Drilling Update - Robinsons #1
8/25/2009Drilling Update
8/7/2009Nalcor Energy Farmin on Parson's Pond
7/6/2009/Investcan Robinson's #1 Spudded
6/5/2009Rig Update News Release
12/8/2008Petroleum Exploration Update
9/29/2008Vulcan Minerals Inc. to Present at the COPIC Energy Conferen...
9/25/2008– Potash Assays up to 20.4% K20
9/12/2008– Wins Offshore Labrador Exploration Licenc
9/4/2008– LabradorDrilling Update
7/30/2008Tasisuak Lake Drilling Commences
6/30/2008Kingurutik River Option Agreement Approved/Tasisuak Lake Dri...
5/9/2008Closes $1,000,000 Financing
4/18/2008Announces $1,000,000 Financing
4/3/2008Options Kingurutik, Labrador Nickel Property to Nortec Ventu...
2/28/2008Forms Strategic Joint Venture
2/19/2008VULCAN MINERALS INC. - Corporate Update
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