© Reuters.
ST. JOHN’S, Newfoundland and Labrador – Vulcan Minerals Inc. (TSX-V: VUL), a useful resource exploration firm, disclosed important and gold assay outcomes from its McNeily drill program inside the Colchester venture in central Newfoundland. The corporate revealed notable findings, together with 15 meters of 1.21% copper and 0.51 grams per tonne gold, with larger concentrations in sure intervals, similar to 6.75 meters of two.38% copper and 1.01 grams per tonne gold.
The drilling marketing campaign, which befell in late 2023, encompassed 1001 meters throughout six holes focusing on mafic volcanic rock sequences. The mineralization encountered consists of stringer, disseminated, and semi-massive sulfide zones, primarily consisting of chalcopyrite together with pyrite, pyrrhotite, and minor sphalerite. The McNeily zone, particularly, demonstrated continuity alongside strike, with the potential for minor lateral offsets.
Vulcan Minerals President Patrick Laracy commented on the findings, stating that the McNeily zone’s high-grade copper and considerable gold credit justify additional exploration and delineation efforts to doubtlessly increase the Colchester venture’s useful resource base. The corporate is contemplating extra geophysics to prioritize drilling targets for 2024.
The Colchester venture is a part of the bigger Springdale property, which hosts quite a few historic copper and gold deposits and showings. These prospects haven’t been totally explored with fashionable geophysical and geological modeling methods. The venture’s location is advantageous, being street accessible and close to important mining providers.
Vulcan Minerals, headquartered in St. John’s Newfoundland, is engaged within the exploration of valuable and base metals. It additionally holds a big stake in Atlas (NYSE:) Salt Inc. (TSXV: SALT), which is growing a salt deposit in western Newfoundland.
The data on this article relies on a press launch assertion from Vulcan Minerals.
This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.