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File: VUL_NR_December 01 2016_RMK Nepheline Results.docx
News Release
December 01, 2016
Vulcan Minerals Inc. - Subsidiary Red Moon Potash Inc Reports High Grade Nepheline in Labrador
St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V: VUL) announces that its s
--->ubsidiary Red Moon Potash Inc. (Red Moon) has released sample analysis results from its recently conducted field mapp
--->ing and sampling program on the Red Bay Nepheline deposit in southern Labrador. The relevant text of Red Moon's news r
--->elease is provided as follows.
" The purpose of the program was to map the deposit, delineate its boundaries and assess the compositional variation w
--->ithin the deposit. Mapping demonstrates that the deposit occurs over a continuous length exceeding 2 kilometres and a
--->width averaging approximately 200 metres. Based on exposure of the deposit over a range of elevations, it is inferred
--->to have a depth projection exceeding 200 metres, subject to drill verification.
Twenty-seven samples were collected by company geologists, packaged and sent to Actlabs, Ancaster Ontario for whole ro
--->ck geochemical analysis. Of these samples, 22 consist of nepheline syenite and 5 consist of the surrounding country ro
--->ck. The area with most outcrop and therefore highest sampling density occurs in the East Zone with 13 samples. The Eas
--->t Zone is exposed for approximately 800 meters by 200 meters. The Central Zone has the least amount of outcrop with on
--->ly 2 samples recovered. The West Zone was sampled at 7 locations. The distribution of the samples was determined solel
--->y by the availability of the outcrop and does not reflect any attempt to oversample any one zone of the deposit. As a
--->result the sampling is preliminary and is not conclusive about the ultimate geochemical variation within the deposit.
--->Only further systematic sampling by trenching or drilling will be able to determine that. At this stage of the evaluat
--->ion the most relevant components of raw (unprocessed) nepheline syenite are silica (SiO2) alumina (Al2O3), soda (Na2O)
--->, potash (K2O) and iron (Fe2O3). The results for each Zone are set out in Table 1.
Table 1. Sampling results of the Red Bay Nepheline Deposit.
Sample
Zone
SiO2 (%)
Al2O3 (%)
Fe2O3 (%)
CaO (%)
Na2O (%)
K2O (%)
PC16031A
East
58.94
22.13
4.61
0.81
9.93
2.33
PC16031C
East
59.51
21.41
3.39
0.6
9.16
3.21
PC16032A
East
60.42
20.55
4.66
0.48
9.33
1.91
PC16034A
East
58.2
22.61
4.31
0.57
8.96
4.55
PC16034B
East
58
20.61
5.62
0.54
9.1
4
PC16035
East
58.34
22.89
3.2
0.2
9.97
4.89
PC16039
East
58.3
22.33
3.67
0.16
9.19
5.17
PC16044A
East
59.03
23.65
2.77
0.74
9.62
4.02
PC16045
East
58.45
23.3
2.31
2.77
6.02
4.53
PC16059
East
59.39
21.9
3.03
0.4
8.68
4.74
PC16060
East
56.23
24.21
2.12
0.37
10.47
4.36
PC16061
East
60.42
21.17
2.6
0.34
8.34
4.69
PC16062
East
55.43
24.38
2.73
0.26
10.26
5.14
PC16046
Central
63.49
19.6
3.5
0.49
8.14
3.85
PC16055
Central
58.34
21.65
2.76
0.81
5.79
5.81
PC16048
West
58.7
21.85
3.32
1.53
6.86
5.06
PC16050B
West
57.33
19.93
7.44
1.02
9.85
3.73
PC16052
West
56.34
19.49
5.66
4.63
4.98
4.91
PC16054
West
58.23
21.76
3.72
0.56
5.7
5.16
PC16068
West
58.57
22.4
3.2
0.48
9.21
4.84
PC16070
West
61.13
20.6
3.99
0.47
8.86
4.05
PC16072
West
57.16
21.61
4.34
0.82
5.13
5.32
Based on these results, the East Zone compares favourably to the typical raw composition at the Blue Mountain mine i
--->n Ontario (from published sources) as follows, SiO2-59.18%, Al2O3- 23.06%, Na2O-10.48%, K2O-3.94% and Fe2O3-2.15%.
Commenting on the results, President Patrick Laracy said "We are very encouraged by these initial sampling results. Cl
--->early the alumina and alkali numbers warrant further evaluation of this deposit to gain more sampling density in the c
--->entral and west zones and to better map out the high grade East zone. Our preliminary mapping of the East zone indicat
--->es it covers a significant surface area. Drilling will be required to sample it at depth. In addition we plan to carry
---> out further analysis and beneficiation studies of the samples obtained from our 2016 field program to determine if th
--->e raw rock can be concentrated to meet industrial specifications."
The property is situated along the southern Labrador highway 10 kilometers from Red Bay and 6 kilometres from tide wat
--->er at Black Bay. The Blanc Sablon, QC airport is a 90-minute drive from the property (visit www.redmoonpotash.com for
--->further information).
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."
Red Moon is an exploration company advancing the Captain Cook salt deposit towards development in Western Newfoundland
--->. Vulcan Minerals Inc. (TSX.V: VUL) owns approximately 67% of the common shares of Red Moon.
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.
We seek Safe Harbor.
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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