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Vulcan Minerals Inc.: Drilling Update
12:49 EDT Monday, September 28, 2009
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 28, 2009)- Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL) is pleased toannounce that the Vulcan -Investcan Robinson's #1 well, onshore westernNewfoundland, is currently drilling ahead at 3440 metres. Drillingoperations were suspended for 4 days last week due to mechanical rigrepair downtime. The well is a frontier wildcat well designed to test aseismically defined structure in the Carboniferous aged Bay St Georgebasin. It is being drilled pursuant to a 50/50 joint venture withInvestcan Energy Corporation. The well has a projected total depth of3600 metres. It is anticipated that it will take 10-14 days to finishdrilling and carry out the necessary evaluation of the well.
Vulcan is a diversified junior exploration company focused onpetroleum exploration in the under-explored Western Newfoundland andLabrador areas and also holds mineral interests in areas strategic toits operations in Newfoundland and Labrador.
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this release. Thestatements made in this News Release may contain certainforward-looking statements. Actual events or results may differ fromthe Company's expectations. Certain risk factors may also affect theactual results achieved by the Company.
There can be no assurance that forward-looking information willprove to be accurate. Should one or more of these risks anduncertainties materialize, or should underlying assumptions proveincorrect, actual results may vary materially from any conclusions,forecasts or projections described in the forward-looking information.Accordingly, readers are advised not to place undue reliance onforward-looking information. Except as required under applicablesecurities legislation, the Company undertakes no obligation topublicly update or revise forward-looking information, whether as aresult of new information, future events or otherwis