- Vulcan Minerals has released copper-gold assay results from the McNeily drill program on its Colchester project in Newfoundland
- A total of 1,001 metres were drilled over six holes
- Results include 15 metres of 1.21 per cent copper and 0.51 grams per ton gold, including 6.75 metres of 2.38 per cent copper and 1.01 grams per ton gold in hole CL-23-13
- Shares of Vulcan Minerals are up 3.85 per cent to C$0.13 as of 10:31 am ET
Vulcan Minerals (TSXV:VUL) has revealed copper-gold assay results from the McNeily drill program done on its Colchester project in Newfoundland.
In a news release, the company stated it drilled a total of 1,001 metres over six holes within mafic volcanic rock sequences. The program was also successful in delineating and extending the McNeily zone to the south.
Highlights from the drill program done in late 2023 include:
- 15 metres of 1.21 per cent copper and 0.51 grams per tonne gold including 6.75 m of 2.38 per cent copper and 1.01 grams per tonne gold in CL-23-13
- 13.5 m of 1.51 per cent copper and 0.95 grams per tonne gold including 7.5 m of 2.49 per cent copper and 1.55 grams per tonne gold in CL-23-14
“The McNeily zone is proving to have continuity along strike, though structurally we expect minor lateral offsets. As such we are evaluating the need for further geophysics to prioritize drill targets for 2024,” Patrick Laracy, president of Vulcan Minerals, said in a statement. “The high-grade copper with appreciable gold credits warrants further delineation towards adding tonnage to the overall Colchester project.”
The Colchester project is part of the larger Springdale property that is host to numerous historic copper and gold deposits and showings.
With its headquarters out of St. John’s, Newfoundland, Vulcan Minerals is a 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.
Shares of Vulcan Minerals are up 3.85 per cent to C$0.13 as of 10:31 am ET.
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