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Vulcan Minerals Inc V.VUL

Alternate Symbol(s):  VULMF

Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey’s Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey’s Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America.


TSXV:VUL - Post by User

Post by Copperking102on Jul 23, 2022 8:32pm
322 Views
Post# 34845882

Sassy Gold

Sassy GoldPatrick has been cutting deals with these guys for properties we had in Newfoundland. They're very aggressive explorers, in the Eskay camp in BC, already with some promising results from the '21 campaign.
We've been paid some cash for the sale, but the real value is their stock. Currently, we're holding about 4.3 million shares, with another million shares due over the next 3 years. As usual, there's a NSR attached, I think it's a 3 for the original Gander deal.....Meanwhile, Sassy is approaching a $.50 share, and can easily be $1.00 if they score something this season. They have 54 million outstanding.....just raised cash for this season's drills. Fingers crossed they succeed, we'll soon own 10%.
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