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File: VUL_NR_October 25 2016_Final.pdf
News Release
October 25, 2016
Vulcan Minerals Inc. Commences Colchester CopperGold Field
Program in Newfoundland
St. John's Newfoundland and Labrador Vulcan Minerals Inc. ("the Company" "Vulcan" TSX
V: VUL) announces that it has commenced field operations at the Colchester coppergold property in
northcentral Newfoundland. A grid totalling approximately 25 line kilometers is currently being cut to
facilitate a high resolution Induced Polarization (IP) geophysical survey and geological mapping.
A thorough compilation of historic data of the project has been undertaken including the digitization o
--->f
all relevant geological data and drilling records. These data include 22,000 metres of drilling over 11
--->0
holes (19632005), various soil sampling surveys and 15 geophysical surveys of varying vintages and
quality including a 2005 high resolution airborne magnetic and VTEM survey. Selected data have been
incorporated into 3D modelling software where the analysis indicates that the known mineralized zones
remain open in all directions. As well, several encouraging zones on the property identified by trenching
or scout drilling remain undelineated, providing the potential for discoveries outside the main Colchester
and McNeilly zones. The upcoming geophysical survey will focus on the underexplored Old English area in
an attempt to calibrate and test the IP technology as a drill target and geologic mapping tool in an
---> area
with both copper and gold potential. For example, drillhole H83 intersected 65.7 m of 0.52% Cu including
17.1 m of 1.0% Cu in a continuously sampled sulfide bearing chloritequartz shear zone. Hole CC0309
intersected 4.2 grams/tonne gold over 2.9 m. A drilling program is planned to test encouraging IP
anomalies identified in the current program, preferably before yearend. Based on the variety of
mineralization identified from historic information and observed in the field, the Company believes the
property will require systematic evaluation utilizing state of the art geophysical technology to direct
--->the
drilling strategy.
The following tables highlight some of the historic drill intersections retrieved from records at the
Department of Natural Resources, Government of Newfoundland and Labrador. These composited
intervals represent lengthweighted averages and usually occur within wider mineralized sections grading
below 1% copper (Table 1). The intervals are drilled thicknesses in holes generally inclined at 5060
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: info@vulcanminerals.ca, Website: www.vulcanminerals.ca
degrees into steeply dipping zones and are thus believed to represent near but not true thicknesses. Gold
analyses were generally not carried out on the historic holes except for the 20032005 program
(representing only 20 of the 110 holes on the property); highlights for drilling samples from that program
exceeding 1 gram gold per tonne are presented in Table 2.
Table 1. Select composited historical Colchester copper drilling results
HoleID Zone From (m) To (m) Length (m) Composited Cu (%)
43611 McNeilly 86.28 90.83 4.55 4.55 m @ 3.82%
43616 Colchester 142.30 157.60 15.30 15.30 m @ 1.02%
43616 Colchester 167.94 178.13 10.19 10.19 m @ 1.07%
43621 Colchester 23.96 38.10 14.14 14.14 m @ 1.95%
43621 Colchester 53.04 71.63 18.59 18.59 m @ 1.61%
43621 Colchester 53.04 73.10 20.06 20.06 m @ 1.51%
43630 Colchester 59.74 69.98 10.24 10.24 m @ 2.20%
43631 Colchester 175.26 189.07 13.81 13.81 m @ 1.07%
43635 Colchester 76.20 90.37 14.17 14.17 m @ 1.06%
43637 Colchester 46.02 57.21 11.19 11.19 m @ 1.33%
43638 Colchester 183.28 193.55 10.27 10.27 m @ 1.16%
43639 Colchester 178.61 192.27 13.66 13.66 m @ 1.01%
43641 Colchester 128.96 155.45 26.49 26.49 m @ 1.43%
4366 Colchester 106.68 131.06 24.38 24.38 m @ 1.21%
4368 Colchester 119.09 131.98 12.89 12.89 m @ 1.32%
CC0302 Colchester 74.20 90.00 15.80 15.80 m @ 2.19%
CC0311 McNeilly 72.85 84.00 11.15 11.15 m @ 1.68%
CC0418 Colchester 34.30 46.90 12.60 12.60 m @ 1.15%
CC0419 Colchester 208.80 221.40 12.60 12.60 m @ 1.04%
H45 Colchester 233.17 248.20 15.03 15.03 m @ 1.06%
H48 Colchester 322.78 346.01 23.31 23.31 m @ 1.24%
H49 Colchester 187.45 203.61 16.16 16.16 m @ 1.68%
H50 Colchester 270.51 281.94 11.43 11.43 m @ 1.32%
H51 Colchester 70.10 82.60 12.50 12.50 m @ 2.49%
H51 Colchester 160.02 192.63 32.61 32.61 m @ 1.04%
H52 Colchester 146.91 172.21 25.30 25.30 m @ 1.02%
H61 McNeilly 69.34 82.30 12.96 12.96 m @ 1.97%
H69 Colchester 192.02 202.69 10.67 10.67 m @ 1.27%
H78 Old English 96.62 132.59 35.97 35.97 m @ 1.03%
H83 Old English 118.02 137.16 17.14 17.14 m @ 1.01%
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: info@vulcanminerals.ca, Website: www.vulcanminerals.ca
Table 2. Select composited historical Colchester gold drilling results > 1.0 g/t Au.
HoleID Zone From (m) To (m) Length (m) Composited Au (g/t)
CC0302 Colchester 76.20 80.05 3.85 3.85 m @ 5.86 g/t
CC0303 Colchester 30.85 33.40 2.55 2.55 m @ 9.79 g/t
CC0303 Colchester 61.55 62.65 1.10 1.10 m @ 1.63 g/t
CC0304 Colchester 28.65 30.57 1.92 1.92 m @ 3.33 g/t
CC0307 Old English 29.56 31.54 1.98 1.98 m @ 1.28 g/t
CC0307 Old English 41.76 42.40 0.64 0.64 m @ 3.23 g/t
CC0307 Old English 47.85 49.07 1.22 1.22 m @ 2.03 g/t
CC0307 Old English 54.28 55.00 0.72 0.72 m @ 1.04 g/t
CC0308 Old English 42.00 43.00 1.00 1.00 m @ 1.53 g/t
CC0308 Old English 71.07 71.50 0.43 0.43 m @ 1.56 g/t
CC0308 Old English 72.48 73.03 0.55 0.55 m @ 2.06 g/t
CC0309 Old English 93.50 94.00 0.50 0.50 m @ 1.30 g/t
CC0309 Old English 97.60 100.50 2.90 2.90 m @ 4.18 g/t
CC0311 McNeilly 56.00 57.00 1.00 1.00 m @ 1.07 g/t
CC0311 McNeilly 80.00 81.00 1.00 1.00 m @ 1.54 g/t
CC0414 Colchester 32.35 33.95 1.60 1.60 m @ 1.65 g/t
CC0416 Colchester 183.50 185.10 1.60 1.60 m @ 1.17 g/t
CC0417 Colchester 18.60 19.30 0.70 0.70 m @ 1.07 g/t
The Colchester property is owned 100% by Vulcan with no underlying royalties and consists of over 2,500
hectares covering four past producing historic copper mines and is accessible by paved road
approximately 25 kilometres off the Trans Canada Highway. The area is serviced by an airport at Deer Lake
110 kilometres to the southwest. Please refer to our webpage www.vulcanminerals.ca for location and
geology maps.
Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo, are qualified persons responsible fo
--->r the
contents of this news release as defined in National Instrument 43101.
Vulcan is establishing itself as a leading explorer in Newfoundland and Labrador focussed on project
generation, value addition and partnering. Vulcan has projects available for option and a competent team
to operate all exploration activities. Contact us for opportunity in mineral exploration and development.
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 forwardlooking 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
forwardlooking information. Except by law, the Company undertakes no obligation to publicly update or
revise forwardlooking information.
For information please contact:
Patrick J. Laracy, President
(709) 7543186
info@vulcanminerals.ca
www.vulcanminerals.ca
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: info@vulcanminerals.ca, Website: www.vulcanminerals.ca
File: VUL_NR_October 25 2016_Final.docx
News Release
October 25, 2016
Vulcan Minerals Inc. - Commences Colchester Copper-Gold Field Program in Newfoundland
St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V: VUL) announces that it ha
--->s commenced field operations at the Colchester copper-gold property in north-central Newfoundland. A grid totalling ap
--->proximately 25 line kilometers is currently being cut to facilitate a high resolution Induced Polarization (IP) geophy
--->sical survey and geological mapping.
A thorough compilation of historic data of the project has been undertaken including the digitization of all relevant
--->geological data and drilling records. These data include 22,000 metres of drilling over 110 holes (1963-2005), various
---> soil sampling surveys and 15 geophysical surveys of varying vintages and quality including a 2005 high resolution air
--->borne magnetic and VTEM survey. Selected data have been incorporated into 3D modelling software where the analysis ind
--->icates that the known mineralized zones remain open in all directions. As well, several encouraging zones on the prope
--->rty identified by trenching or scout drilling remain undelineated, providing the potential for discoveries outside the
---> main Colchester and McNeilly zones. The upcoming geophysical survey will focus on the underexplored Old English area
--->in an attempt to calibrate and test the IP technology as a drill target and geologic mapping tool in an area with both
---> copper and gold potential. For example, drillhole H-83 intersected 65.7 m of 0.52% Cu including 17.1 m of 1.0% Cu in
--->a continuously sampled sulfide bearing chlorite-quartz shear zone. Hole CC-03-09 intersected 4.2 grams/tonne gold over
---> 2.9 m. A drilling program is planned to test encouraging IP anomalies identified in the current program, preferably b
--->efore yearend. Based on the variety of mineralization identified from historic information and observed in the field,
--->the Company believes the property will require systematic evaluation utilizing state of the art geophysical technology
---> to direct the drilling strategy.
The following tables highlight some of the historic drill intersections retrieved from records at the Department of Na
--->tural Resources, Government of Newfoundland and Labrador. These composited intervals represent length-weighted average
--->s and usually occur within wider mineralized sections grading below 1% copper (Table 1). The intervals are drilled thi
--->cknesses in holes generally inclined at 50-60 degrees into steeply dipping zones and are thus believed to represent ne
--->ar but not true thicknesses. Gold analyses were generally not carried out on the historic holes except for the 2003-20
--->05 program (representing only 20 of the 110 holes on the property); highlights for drilling samples from that program
--->exceeding 1 gram gold per tonne are presented in Table 2.
Table 1. Select composited historical Colchester copper drilling results
Hole-ID
Zone
From (m)
To (m)
Length (m)
Composited Cu (%)
436-11
McNeilly
86.28
90.83
4.55
4.55 m @ 3.82%
436-16
Colchester
142.30
157.60
15.30
15.30 m @ 1.02%
436-16
Colchester
167.94
178.13
10.19
10.19 m @ 1.07%
436-21
Colchester
23.96
38.10
14.14
14.14 m @ 1.95%
436-21
Colchester
53.04
71.63
18.59
18.59 m @ 1.61%
436-21
Colchester
53.04
73.10
20.06
20.06 m @ 1.51%
436-30
Colchester
59.74
69.98
10.24
10.24 m @ 2.20%
436-31
Colchester
175.26
189.07
13.81
13.81 m @ 1.07%
436-35
Colchester
76.20
90.37
14.17
14.17 m @ 1.06%
436-37
Colchester
46.02
57.21
11.19
11.19 m @ 1.33%
436-38
Colchester
183.28
193.55
10.27
10.27 m @ 1.16%
436-39
Colchester
178.61
192.27
13.66
13.66 m @ 1.01%
436-41
Colchester
128.96
155.45
26.49
26.49 m @ 1.43%
436-6
Colchester
106.68
131.06
24.38
24.38 m @ 1.21%
436-8
Colchester
119.09
131.98
12.89
12.89 m @ 1.32%
CC-03-02
Colchester
74.20
90.00
15.80
15.80 m @ 2.19%
CC-03-11
McNeilly
72.85
84.00
11.15
11.15 m @ 1.68%
CC-04-18
Colchester
34.30
46.90
12.60
12.60 m @ 1.15%
CC-04-19
Colchester
208.80
221.40
12.60
12.60 m @ 1.04%
H-45
Colchester
233.17
248.20
15.03
15.03 m @ 1.06%
H-48
Colchester
322.78
346.01
23.31
23.31 m @ 1.24%
H-49
Colchester
187.45
203.61
16.16
16.16 m @ 1.68%
H-50
Colchester
270.51
281.94
11.43
11.43 m @ 1.32%
H-51
Colchester
70.10
82.60
12.50
12.50 m @ 2.49%
H-51
Colchester
160.02
192.63
32.61
32.61 m @ 1.04%
H-52
Colchester
146.91
172.21
25.30
25.30 m @ 1.02%
H-61
McNeilly
69.34
82.30
12.96
12.96 m @ 1.97%
H-69
Colchester
192.02
202.69
10.67
10.67 m @ 1.27%
H-78
Old English
96.62
132.59
35.97
35.97 m @ 1.03%
H-83
Old English
118.02
137.16
17.14
17.14 m @ 1.01%
Table 2. Select composited historical Colchester gold drilling results > 1.0 g/t Au.
Hole-ID
Zone
From (m)
To (m)
Length (m)
Composited Au (g/t)
CC-03-02
Colchester
76.20
80.05
3.85
3.85 m @ 5.86 g/t
CC-03-03
Colchester
30.85
33.40
2.55
2.55 m @ 9.79 g/t
CC-03-03
Colchester
61.55
62.65
1.10
1.10 m @ 1.63 g/t
CC-03-04
Colchester
28.65
30.57
1.92
1.92 m @ 3.33 g/t
CC-03-07
Old English
29.56
31.54
1.98
1.98 m @ 1.28 g/t
CC-03-07
Old English
41.76
42.40
0.64
0.64 m @ 3.23 g/t
CC-03-07
Old English
47.85
49.07
1.22
1.22 m @ 2.03 g/t
CC-03-07
Old English
54.28
55.00
0.72
0.72 m @ 1.04 g/t
CC-03-08
Old English
42.00
43.00
1.00
1.00 m @ 1.53 g/t
CC-03-08
Old English
71.07
71.50
0.43
0.43 m @ 1.56 g/t
CC-03-08
Old English
72.48
73.03
0.55
0.55 m @ 2.06 g/t
CC-03-09
Old English
93.50
94.00
0.50
0.50 m @ 1.30 g/t
CC-03-09
Old English
97.60
100.50
2.90
2.90 m @ 4.18 g/t
CC-03-11
McNeilly
56.00
57.00
1.00
1.00 m @ 1.07 g/t
CC-03-11
McNeilly
80.00
81.00
1.00
1.00 m @ 1.54 g/t
CC-04-14
Colchester
32.35
33.95
1.60
1.60 m @ 1.65 g/t
CC-04-16
Colchester
183.50
185.10
1.60
1.60 m @ 1.17 g/t
CC-04-17
Colchester
18.60
19.30
0.70
0.70 m @ 1.07 g/t
The Colchester property is owned 100% by Vulcan with no underlying royalties and consists of over 2,500 hectares cover
--->ing four past producing historic copper mines and is accessible by paved road approximately 25 kilometres off the Tran
--->s Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres to the southwest. Please refer to our
---> webpage www.vulcanminerals.ca for location and geology maps.
Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo, are qualified persons responsible for the contents
--->of this news release as defined in National Instrument 43-101.
Vulcan is establishing itself as a leading explorer in Newfoundland and Labrador focussed on project generation, value
---> addition and partnering. Vulcan has projects available for option and a competent team to operate all exploration act
--->ivities. Contact us for opportunity in mineral exploration and development.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this rele
--->ase. 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 undertake
--->s no obligation to publicly update or revise forward-looking information.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
info@vulcanminerals.ca
www.vulcanminerals.ca
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