Vol­canic Gold drills 20 m of 6.43 g/t Au at Man­di­ana

Stockwatch Daily - - MINES & METALS - Mr. Jeremy Crozier re­ports

VOL­CANIC GOLD Mines Inc. has re­leased fur­ther re­sults of close-spaced air-core (AC) drilling at its Man­di­ana project in Guinea. The drilling, im­me­di­ately ad­ja­cent to Vol­canic’s ex­ist­ing in­ferred min­eral re­source at Yag­be­len (as re­ported on Nov. 6, 2016), now shows the min­er­al­ized tar­get area sur­round­ing and along strike from the re­source to be over three kilo­me­tres in length, up to 500 me­tres in width and con­sist­ing of mul­ti­ple par­al­lel zones. This min­er­al­ized area is con­sid­er­ably larger than the sur­face pro­jec­tion of the re­source (one kilo­me­tre by up to 200 me­tres), thereby in­di­cat­ing the po­ten­tial to sig­nif­i­cantly in­crease this re­source. Note that the max­i­mum down­hole depth from col­lar of AC drilling is 40 me­tres for the en­tire Yag­be­len pro­gram. AC re­sults there­fore likely rep­re­sent the sur­face ex­pres­sion of un­der­ly­ing min­er­al­iza­tion.

High­lights of the AC drilling pro­gram are shown in the at­tached ta­ble.

(See VG Ta­ble 1 on page 22)

Air core drilling is a tech­nique that al lows rapid, low-cost ex­plo­ration be­neath cover with the ob­jec­tive of pro­vid­ing tar­get­ing in­for­ma­tion for fur­ther min­er­al­iza­tion. It has been used very ef­fec­tively by Vol­canic in the iden­ti­fi­ca­tion and re­fine­ment of re­source tar­gets for sub­se­quent re­verse cir­cu­la­tion (RC) and di­a­mond drilling. Vol­canic’s near-term plan is to con­duct such drilling within the tar­get area iden­ti­fied by air-core drilling with the ob­jec­tive of defin­ing an ex­panded re­source.

Qual­ity as­sur­ance and qual­ity con­trol

Drill chip sam­pling at Man­di­ana fol­lowed a stan­dard­ized pro­to­col to en­sure the col­lec­tion of rep­re­sen­ta­tive and un­bi­ased quan­ti­ties of ma­te­rial from each sam­ple.

Sam­ples were col­lected from Vol­canic’s Man­di­ana field op­er­a­tions by SGS Min­eral Ser­vices of Ba­mako, Mali, and were trans­ported di­rectly to the as­say fa­cil­i­ties thereof, at which they were an­a­lyzed for gold by means of fire as­say, in ac­cor­dance with an­a­lyt­i­cal method FAA505. In this pro­ce­dure, a 50-gram sam­ple is fused with a litharge-based flux; the re­sult­ing prill is then dis­solved in aqua re­gia, from which gold con­tent is then de­ter­mined by flame AAS at a de­tec­tion limit of 0.01 part per mil­lion. Vol­canic rou­tinely in­serted ap­pro­pri­ate stan­dards and blanks into its sam­ple stream at Man­di­ana and ad­di­tion­ally col­lected reg­u­lar field du­pli­cate sam­ples.

Qual­i­fied per­son

Si­mon Mead­ows-Smith is a qual­i­fied per­son as de­fined by Na­tional In­stru­ment 43-101, Stan­dards of Dis­clo­sure for Min­eral Projects and has ap­proved the dis­clo­sure of the sci­en­tific and tech­ni­cal in­for­ma­tion con­tained in this news re­lease. Mr. Mead­ows-Smith holds a BSc in ge­ol­ogy from Not­ting­ham Univer­sity, Eng­land, and has been in­volved in min­eral ex­plo­ration since 1988, in­clud­ing 20 years of ex­pe­ri­ence work­ing in West Africa. He is a fel­low in good stand­ing of the In­sti­tute of Ma­te­ri­als, Min­er­als & Min­ing in Lon­don.

About Vol­canic Gold Mines Inc.

Vol­canic brings to­gether a deeply ex­pe­ri­enced and suc­cess­ful min­ing, ex­plo­ration and cap­i­tal mar­kets team fo­cused on build­ing a mul­ti­mil­lion-ounce gold re­source in the un­der­ex­plored West African coun­try of Guinea and its neighbouring coun­tries. Through the strate­gic ac­qui­si­tion of min­eral prop­er­ties with demon­strated po­ten­tial for host­ing gold re­sources and by un­der­tak­ing ef­fec­tive ex­plo­ration and drill pro­grams, Vol­canic is seek­ing to be­come a lead­ing ju­nior gold re­source com­pany.

We seek Safe Har­bor.

Scott Ed­win Ack­er­man, Jeremy Crozier, Michael Alexan­der Iver­son, Si­mon Thomas P Ridg­way, Robert Wil­liam Schafer

(VG) Shares: 45,879,038

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