St. John’s, Newfoundland and Labrador – December 5, 2024 – Vulcan Minerals Inc. (TSX-V: VUL) (“Vulcan” or the “Company”) is pleased to announce that drilling has officially commenced at its Colchester property, located in the heart of Newfoundland and Labrador’s mineral-rich belt. This marks an exciting milestone in the Company’s ongoing exploration efforts as it seeks to further expand its portfolio of high-value mineral assets.
Drilling Program at Colchester
The primary objective of the drilling campaign is to test key geophysical targets identified through a detailed analysis of recent geophysical surveys and surface sampling. The Colchester property, which is situated near other significant mineral discoveries, has been the focus of increased interest due to its high potential for hosting both precious and base metal deposits. Initial drill targets have been selected based on the presence of strong electromagnetic and magnetic anomalies, which suggest the presence of conductive mineralization at depth.
“We are thrilled to begin drilling at Colchester, a property that we believe holds tremendous potential,” said John Doe, President and CEO of Vulcan Minerals Inc. “The Colchester property has consistently shown promising signs of mineralization, and we are eager to test these geophysical anomalies with our drilling program. The results of this work will be instrumental in shaping the next phase of exploration and development at the project.”
Exploration Update
Vulcan has been actively advancing its exploration initiatives across multiple projects in Newfoundland and Labrador, and the Colchester drilling is a continuation of this broader strategy to build a robust portfolio of mineral assets. The Company has also completed comprehensive geological mapping and sampling at various locations across the property, and early results from surface exploration have provided encouraging indications of mineralization.
As part of the exploration update, Vulcan is currently finalizing plans for additional geophysical surveys and mapping across other areas of interest within the Colchester claim block. This ongoing work is expected to refine future drilling targets and allow the Company to unlock the full potential of the region.
In addition to Colchester, Vulcan continues to pursue its strategic exploration objectives across its other projects, with a focus on expanding its resource base in line with market demand for critical minerals. The Company remains committed to advancing its projects responsibly, with a focus on environmental stewardship and community engagement.
About Vulcan Minerals Inc.
Vulcan Minerals Inc. is a junior exploration company focused on the discovery and development of high-quality mineral properties in Newfoundland and Labrador. With a diversified portfolio of projects, including gold, copper, and other base metal properties, Vulcan is committed to building a strong asset base that will create significant value for shareholders. The Company’s experienced management team and technical experts are dedicated to unlocking the full potential of its properties through responsible exploration and development practices.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company’s drilling activities, exploration programs, and the potential of its properties. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially from those projected in these forward-looking statements. The Company does not undertake any obligation to update these statements except as required by applicable securities laws.
