Vulcan Minerals Inc. has arranged a non brokered private placement for proceeds of $4,000,000 by way of issuance of 20,000,000 units at $0.20 consisting of one common share and one common share purchase warrant exercisable at $0.30 for a period 30 months following the close of the offering. In the event that the closing price of the company's shares on the TSX Venture Exchange is $0.50 or greater per share during any 10 [...]
Vulcan Minerals Inc. is pleased to provide an update on its activities. Springdale Gold Project In late 2020 a prospecting team visited the southwestern part of the Springdale property in Newfoundland to evaluate the access to and verify the existence of historically reported trenches at the Burnt Berry, Mistaken Pond and Fallen Tree gold showings. Access was found to be very good along a gravel road and ATV trails. Three [...]
Vulcan Minerals Inc. is pleased to announce that it has entered into an Option Agreement with Sassy Resources Corp. whereby Vulcan has agreed to option to Sassy a 100% interest in the Gander Belt Gold properties in central Newfoundland. Pursuant to the terms of the Agreement, total aggregate consideration payable by Sassy to Vulcan is $400,000 cash over four years, exploration expenditures of $2 million over four years [...]
Vulcan Minerals Inc. provides the following exploration update. Springdale Gold Project A reconnaissance visit has been made to the Springdale project in north central Newfoundland to scout the access to the Maple Leaf gold showings via woods roads and trails, and to locate the site of previously constructed trenches. Access was identified and the trenches located. The trenches were back filled but two samples were taken [...]
Vulcan Minerals Inc. announces that it has closed its non brokered private placement announced on August 11, 2020 for total proceeds of $1,000,000. Under the terms of the offering, the company placed 20,000,000 units at a price of $0.05 consisting of one common share and one common share purchase warrant exercisable at a price of $0.10 per common share for a period of three years. Palisades Goldcorp was the lead order on [...]
Vulcan Minerals Inc. announces that it proposes to carry out a non-brokered private placement for proceeds of up to $1,000,000.00 with a lead order from Palisades Goldcorp Ltd for $500,000.00. Under the terms of the Offering, the Company intends to place 20,000,000 units. The Units will be offered at a price of $0.05 and will consist of one common share and one common share purchase warrant exercisable at a price of $0.10 [...]
Vulcan Minerals Inc. announces that it plans further prospecting work on its Lizard Pond gold property in central Newfoundland particularly in light of the recent results announced by Sokoman Iron Corp. on its Moosehead project which included a bonanza grade mineralized drill intersection of 11.9 metres of 44.96 grams per tonne gold. The Lizard Pond property covers 233 claims including prospective ground for gold deposits [...]
Vulcan Minerals Inc. announces that a binding Letter of Intent has been signed with Fjordland Exploration Inc. granting Fjordland the option to acquire a 65% working interest in 30 mineral claims located in the South Voisey’s area, Labrador. Under the terms of the agreement, Fjordland has the option to pay Vulcan $45,000 and incur $150,000 in exploration expenditures over a period of three years. If the option is [...]
Vulcan Minerals Inc. announces that it has acquired a strategic land position in the South Voisey's Bay nickel-copper-cobalt project in Labrador. The Company's claims are directly adjacent to the Sandy and Sandy North targets that Fjordland Exploration Inc. and Commander Resources Ltd. (Fjordland/Commander) are currently preparing to drill as described in their news release of September 6, 2017. The Company's South [...]
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Jul 23, 2014) - Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) announces that it has successfully completed the first of two holes at its Captain Cook salt/potash exploration program in Western Newfoundland. CC #4 was drilled to a total depth of 536 metres and encountered a gross interval of 345 metres of salt (halite) containing a potash zone of [...]
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Jul 15, 2014) - Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE:VUL) announces the adoption by its Board of Directors of an Advance Notice Policy in respect of the election of directors. The purpose of the Advance Notice Policy is to provide shareholders, directors and management of the company with direction on the nomination of directors. Among other [...]
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Jul 3, 2014) - Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) announces that drilling has commenced on its Captain Cook salt/potash deposit in Western Newfoundland. The summer drill program will consist of two holes, CC #4 located approximately 500 metres north of CC #2 which was drilled in 2013. CC #2 encountered 150 metres (303-453 m) of salt [...]