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Volcanic Gold Mines Inc.
Summary
| Project: | Mandiana | |
|---|---|---|
| Deposit: | Mandiana | |
| Location: | Guinea | |
| Commodities: | Gold | |
| Date: | 10/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2017: Volcanic Gold Mines Inc. announces an Exploration/Drilling Update report for its Mandiana deposit at the Mandiana project. Drilling results incl. 20m @ 6.43g/t Au from 8m. October 12, 2017 – Vancouver, British Columbia – Volcanic Gold Mines In | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Meadows-Smith (Not stated) | |
| ABSTRACT: | October 12, 2017 – Vancouver, British Columbia – Volcanic Gold Mines Inc. (“Volcanic”) (TSXV: VG) is pleased to report 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 (“Resource”) at Yagbelen (as reported on November 6, 2016), now shows the mineralized target area surrounding and along strike from the Resource to be over 3km in length, up to 500m in width and consisting of multiple parallel zones, as shown in red on Figures 1 and 2. This mineralized area is considerably larger than the surface projection of the Resource (1km by up to 200m; shown in magenta on Figure 1), thereby indicating the potential to significantly increase this Resource. Note that the maximum downhole depth from collar of AC drilling is 40m for the entire Yagbelen program. AC results therefore likely represent the surface expression of underlying mineralization. Air core drilling is a technique that allows 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. | |
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