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File: VUL_NR_January_17_2017_final.pdf
News Release
January 17, 2017
Vulcan Minerals Inc. Drills 5.10 m of 1.6% Copper at Colchester
CopperGold Project in Newfoundland
St. John's Newfoundland and Labrador Vulcan Minerals Inc. ("the Company" "Vulcan" TSX
V: VUL) announces that it has received final assay results from the recently completed drilling program
at the Colchester coppergold project in northcentral Newfoundland. As previously reported, four holes
totalling 824 metres were drilled at the Old English Zone to explore the possible extensions of historic drill
intersections of copper and gold mineralization. Vulcan assayed 127 samples from this drilling program.
The program was very successful in reaching its objectives of confirming mineralization tenor and geology
as well as providing initial calibration of the recently completed highresolution IP survey.
The location and geometry of the four drillholes from the 2016 drilling program are summarized below in
Table 1. A map showing the location of these drillholes can be found at www.vulcanminerals.ca.
HoleID Easting Northing Elevation (m) Depth (m) Az Dip
OE1601 566139 5500372 118 209 138 45
OE1602 566232 5500445 146 173 140 45
OE1603 566263 5500515 138 218 315 45
OE1604 566171 5500171 120 224 340 45
Table 1. 2016 Colchester drillhole collar table.
OE1601 was designed to twin historical hole CC0309, drilled in 2003 by a previous operator. OE1601
was successful in confirming a general correspondence in major lithological units and mineralized zones.
Mineralization intersected in OE1601 was primarily disseminated to stringer sulfides, with local massive
sulfides comprised of up to 8.79% copper and 1.75 grams per tonne gold over 0.77 m (core thickness). At
depth, a broad zone of silicified, foliated chalcopyritepyritechert stringers was intersected over
approximately 19 m (core thickness), highlighted by 5.99 m of 1.05% Cu, 231 ppb Au.
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
OE1602 (120 m northeast of OE1601) was designed to step out from historical holes H76 and H78,
drilled in 1970 by a previous operator. It intersected zones of foliated quartz porphyry that were not
--->
intersected in the historical holes. Narrow intervals of strongly foliated mafic volcanics hosting
disseminated to locally stringerstyle banding of pyrite with minor chalcopyrite are interspersed within
the unmineralized porphyry. At depth, a quartzchalcopyrite vein with surrounding disseminated pyrite
and chalcopyrite assayed 5.07% copper over 1.03 m. Zones of disseminated sulfides occur throughout the
hole.
OE1603 (190 m northeast of OE1601) was designed to undercut historical holes CC0307 and CC03
08, drilled in 2003 by a previous operator. This hole successfully intersected the same CuZn zones as the
historical drilling. These zones differ from OE1601, 02 and 04 in that they are not hosted by chlorit
--->e
schist but by silica flooded, foliated mafic volcanics bearing disseminated to commonly cmscale stringer
chalcopyritepyritechert or pyritesphaleritechert mineralization. This area of Old English appears to be
a distinct structural sliver relative to the holes further southeast.
OE1604 (200 m south of OE1601) was not specifically located in reference to any historic holes but was
designed to test a chargability anomaly from the induced polarization geophysical survey completed by
Vulcan in late 2016. This hole intersected a broad zone of disseminated sulfide mineralization that was
--->
dominated by pyrite and minor chalcopyrite and hosted by chlorite schist, assaying 0.22% Cu over 16.54
m. It is believed that this sulfide mineralization at least partially explains the chargability anomaly targeted
by this hole. Near the bottom of the hole several strongly silicified altered felsic dikes with quartz
carbonatepyrite veins were intersected.
HOLE From (m) To (m) Length (m) Cu (%) Au (g/t)
OE1601 48.52 65.27 16.75 0.69 0.16
Including subintervals:
OE1601 52.85 53.62 0.77 8.79 1.75
OE1601 48.52 53.62 5.10 1.60 0.32
OE1601 83.00 85.76 2.76 0.75 0.11
OE1601 89.30 92.26 2.96 0.84 0.09
OE1601 170.64 176.63 5.99 1.01 0.23
OE1602 146.36 147.39 1.03 5.07 0.11
OE1603 70.73 84.18 13.45 0.65 0.24
Including subinterval:
OE1603 76.73 84.18 7.45 1.02 0.32
OE1603 93.50 96.50 3.00 0.60 0.08
OE1604 16.00 32.54 16.54 0.22 0.08
Table 2 summarizes composited assay intervals described above. These intervals are lengthweighted
averages of corethickness intervals. Individual sample widths do not exceed 2 meters. Internal dilution
occurs in OE1601 interval from 48.52 to 65.27 m and comprises 3.88 m of unassayed core and in OE16
03 from 70.73 to 84.18 meters including subinterval 76.73 to 84.18 meters comprising an interval of 0.73
m. In each instance, the unassayed interval is assigned a copper value of 0 ppm (i.e. the unassayed interval
does not contribute positive value to the overall composite).
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
Vulcan used Eastern Analytical Ltd. (Eastern) for all sample assaying in this drilling program. Eastern
Analytical is located in Springdale, NL and is an ISO/IEC 17025 accredited laboratory. Vulcan employed
Eastern's ICP34 multielement analysis package grouped with their gold by fire assay package and, for
base metals assaying greater than detection limits (10,000 ppm), an "oregrade" multiacid digestion
package by atomic absorption was used to finish the analysis. Vulcan employed the use of standard
reference materials for quality control and quality assurance at a rate of 7% of total samples. Preliminary
inspection of these control samples shows them to be within the expected limits.
Patrick Laracy, President, commenting on the program noted "We acquired this project in May 2016 and
moved quickly to undertake an extensive digital compilation of historic data, a preliminary geologic field
assessment, a highresolution IP geophysical program and an introductory round of confirmation drilling
by December 2016. I am very pleased with the drilling results and the significant progress made at
Colchester. Given the extensive nature of mineralization on this property we will continue to carry out a
serious evaluation with further drilling planned for 2017."
The Colchester property is owned 100% by Vulcan 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.
The 2016 work program is eligible for financial assistance from the Junior Exploration Assistance Program
of the Government of Newfoundland and Labrador.
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.
We seek Safe Harbor.
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, including Colchester,
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_January_17_2017_final.docx
News Release
January 17, 2017
Vulcan Minerals Inc. - Drills 5.10 m of 1.6% Copper at Colchester Copper-Gold Project in Newfoundland
St. John's Newfoundland and Labrador - Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V: VUL) announces that it ha
--->s received final assay results from the recently completed drilling program at the Colchester copper-gold project in n
--->orth-central Newfoundland. As previously reported, four holes totalling 824 metres were drilled at the Old English Zon
--->e to explore the possible extensions of historic drill intersections of copper and gold mineralization. Vulcan assayed
---> 127 samples from this drilling program. The program was very successful in reaching its objectives of confirming mine
--->ralization tenor and geology as well as providing initial calibration of the recently completed high-resolution IP sur
--->vey.
The location and geometry of the four drillholes from the 2016 drilling program are summarized below in Table 1. A map
---> showing the location of these drillholes can be found at www.vulcanminerals.ca.
Hole-ID
Easting
Northing
Elevation (m)
Depth (m)
Az
Dip
OE-16-01
566139
5500372
118
209
138
-45
OE-16-02
566232
5500445
146
173
140
-45
OE-16-03
566263
5500515
138
218
315
-45
OE-16-04
566171
5500171
120
224
340
-45
Table 1. 2016 Colchester drillhole collar table.
OE-16-01 was designed to twin historical hole CC-03-09, drilled in 2003 by a previous operator. OE-16-01 was successfu
--->l in confirming a general correspondence in major lithological units and mineralized zones. Mineralization intersected
---> in OE-16-01 was primarily disseminated to stringer sulfides, with local massive sulfides comprised of up to 8.79% cop
--->per and 1.75 grams per tonne gold over 0.77 m (core thickness). At depth, a broad zone of silicified, foliated chalcop
--->yrite-pyrite-chert stringers was intersected over approximately 19 m (core thickness), highlighted by 5.99 m of 1.05%
--->Cu, 231 ppb Au.
OE-16-02 (120 m northeast of OE-16-01) was designed to step out from historical holes H-76 and H-78, drilled in 1970 b
--->y a previous operator. It intersected zones of foliated quartz porphyry that were not intersected in the historical ho
--->les. Narrow intervals of strongly foliated mafic volcanics hosting disseminated to locally stringer-style banding of p
--->yrite with minor chalcopyrite are interspersed within the unmineralized porphyry. At depth, a quartz-chalcopyrite vein
---> with surrounding disseminated pyrite and chalcopyrite assayed 5.07% copper over 1.03 m. Zones of disseminated sulfide
--->s occur throughout the hole.
OE-16-03 (190 m northeast of OE-16-01) was designed to undercut historical holes CC-03-07 and CC-03-08, drilled in 200
--->3 by a previous operator. This hole successfully intersected the same Cu-Zn zones as the historical drilling. These zo
--->nes differ from OE-16-01, 02 and 04 in that they are not hosted by chlorite schist but by silica flooded, foliated maf
--->ic volcanics bearing disseminated to commonly cm-scale stringer chalcopyrite-pyrite-chert or pyrite-sphalerite-chert m
--->ineralization. This area of Old English appears to be a distinct structural sliver relative to the holes further south
--->east.
OE-16-04 (200 m south of OE-16-01) was not specifically located in reference to any historic holes but was designed to
---> test a chargability anomaly from the induced polarization geophysical survey completed by Vulcan in late 2016. This h
--->ole intersected a broad zone of disseminated sulfide mineralization that was dominated by pyrite and minor chalcopyrit
--->e and hosted by chlorite schist, assaying 0.22% Cu over 16.54 m. It is believed that this sulfide mineralization at le
--->ast partially explains the chargability anomaly targeted by this hole. Near the bottom of the hole several strongly si
--->licified altered felsic dikes with quartz-carbonate-pyrite veins were intersected.
HOLE
From (m)
To (m)
Length (m)
Cu (%)
Au (g/t)
OE-16-01
48.52
65.27
16.75
0.69
0.16
Including sub-intervals:
OE-16-01
52.85
53.62
0.77
8.79
1.75
OE-16-01
48.52
53.62
5.10
1.60
0.32
OE-16-01
83.00
85.76
2.76
0.75
0.11
OE-16-01
89.30
92.26
2.96
0.84
0.09
OE-16-01
170.64
176.63
5.99
1.01
0.23
OE-16-02
146.36
147.39
1.03
5.07
0.11
OE-16-03
70.73
84.18
13.45
0.65
0.24
Including sub-interval:
OE-16-03
76.73
84.18
7.45
1.02
0.32
OE-16-03
93.50
96.50
3.00
0.60
0.08
OE-16-04
16.00
32.54
16.54
0.22
0.08
Table 2 summarizes composited assay intervals described above. These intervals are length-weighted averages of core-th
--->ickness intervals. Individual sample widths do not exceed 2 meters. Internal dilution occurs in OE-16-01 interval from
---> 48.52 to 65.27 m and comprises 3.88 m of unassayed core and in OE-16-03 from 70.73 to 84.18 meters including sub-inte
--->rval 76.73 to 84.18 meters comprising an interval of 0.73 m. In each instance, the unassayed interval is assigned a co
--->pper value of 0 ppm (i.e. the unassayed interval does not contribute positive value to the overall composite).
Vulcan used Eastern Analytical Ltd. (Eastern) for all sample assaying in this drilling program. Eastern Analytical is
--->located in Springdale, NL and is an ISO/IEC 17025 accredited laboratory. Vulcan employed Eastern's ICP-34 multi-elemen
--->t analysis package grouped with their gold by fire assay package and, for base metals assaying greater than detection
--->limits (10,000 ppm), an "ore-grade" multi-acid digestion package by atomic absorption was used to finish the analysis.
---> Vulcan employed the use of standard reference materials for quality control and quality assurance at a rate of 7% of
--->total samples. Preliminary inspection of these control samples shows them to be within the expected limits.
Patrick Laracy, President, commenting on the program noted "We acquired this project in May 2016 and moved quickly to
--->undertake an extensive digital compilation of historic data, a preliminary geologic field assessment, a high-resolutio
--->n IP geophysical program and an introductory round of confirmation drilling by December 2016. I am very pleased with t
--->he drilling results and the significant progress made at Colchester. Given the extensive nature of mineralization on t
--->his property we will continue to carry out a serious evaluation with further drilling planned for 2017."
The Colchester property is owned 100% by Vulcan and is accessible by paved road approximately 25 kilometres off the Tr
--->ans Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres to the southwest. Please refer to o
--->ur webpage www.vulcanminerals.ca for location and geology maps. The 2016 work program is eligible for financial assist
--->ance from the Junior Exploration Assistance Program of the Government of Newfoundland and Labrador.
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.
We seek Safe Harbor.
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, including Colchester, and a competent team to oper
--->ate 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 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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