Volcanic Gold Mines Inc V.VG

Alternate Symbol(s): VLMZF

Metals & Mining Gold

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.

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Volcanic Gold Mines Inc > Re Very Strong Bonanza Grades

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Comment by nozzpackon Sep 09, 2021 10:26am

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Post# 33830844

RE:Re Very Strong Bonanza Grades

Strong gold in soil and rock samples along 1,500 metres of Holly Ridge define the current strike length of this target.

Depth is 200 m and average vein width is about 3 m.
SG is about 2.5 tons per cu m.

Elementary computations show that potential mineralization of these vein swarms is about 2.5 million tons.

Average grade including Silver is about 0.8 ounce of gold equivalent per ton.

So, the current drilling program is scoping a target with potential for 2 million ounces of gold equivalent.

But that's not all.

Grades are increasing with depth through the basement lodes and these lodes could extend to 1000 m or more.

Which is why I say that VG may have a gold tiger by the tail at Holly..