The Mila prospect is an area of bonanza-grade quartz float, subcrop and outcrop discovered by Company geologists during regional prospecting along the Motagua Norte schist belt in
The abundance of high-grade quartz over a significant area point to an important high-grade gold system. A thorough geological assessment and continued prospecting throughout the licence area is ongoing, and the Company intends to start trench and drill testing as soon as the necessary permitting procedures are completed.
The Cirilo 1 exploration licence is the first to be granted out of a set of four exploration licence applications that comprise the Motagua Norte project. The other three applications cover an additional 72.68 km-2 of the highly prospective Motagua Norte orogenic gold corridor. The Company is working with the permitting authorities and local government to expedite the permitting process.
The Mila prospect is an area of high-grade quartz float, subcrop and outcrop covering a 250 metre by 570 metre area discovered by Company geologists. Approximately one hundred rock chip samples exceeding 10 g/t gold collected across the area to-date:
About the Cirilo 1 exploration licence
The Cirilo 1 exploration licence grants local company
About Volcanic
Volcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million-ounce gold and silver resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold-silver company.
Forward-looking statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company's plans for its property interests in
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the uncertainties inherent in the mineral resource estimates; whether the Company's planned exploration work will be proceed as intended; whether the Company will acquire any new property interests in
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company's stated goals and planned exploration and development activities will be achieved; that there will be no material adverse change affecting the Company or its properties and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Contact:
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Email: info@volgold.com
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