Vulcan Minerals Inc.
Vulcan Minerals Inc. is a diversified exploration company focussed on mineral exploration and development in Newfoundland and Labrador. The Company is an explorer and project generator for precious and base metals.
Vulcan owns approximately 67% of the common shares of Red Moon Resources Inc. (TSX-V: RMK), and owns a 3% royalty on the Captain Cook project which contains prospective evaporite deposits in the Bay St. George Basin in western Newfoundland. The basin is of similar geology to the Sussex Basin in New Brunswick where potash and salt are currently being mined.
(1) Colchester Copper-Gold Project, Newfoundland
The Colchester Property is located in north central Newfoundland, and consists of over 2,500 hectares covering an historic copper mine. It is accessible by paved road approximately 25 kilometres off the Trans Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres to the southwest.
The Company is planning to complete a geophysical program this Fall to be followed by drilling.
(2) Lizard Pond Gold Project, Newfoundland
The Lizard Pond Property is located approximately 70 km by paved road from Grand Falls-Windsor, central Newfoundland. It is accessible via abandoned logging roads and muskeg trails. The Property contains over 1,550 hectares and is host to numerous gold and magnesite (magnesium) showings including the Lizard Pond, Lizard Pond South, Lizard Pond Extension, Breccia Pond and Swam Lake gold showings and the Great Bend magnesite showings.
The Company is planning a prospecting and mapping field visit this Fall. Ongoing compilation work will identify the opportunity for geophysical investigation of the property.
(3) Tasisuak Lake Nickel-Copper-PGE Project, Labrador
The Tasisuak Lake (T.L.) Nickel Property is located in Northern Labrador approximately 50 km northwest of the world class Voisey's Bay Nickel-Copper Mine. The Tasisuak Lake property hosts a significant Ni-Cu-Co-Pt-Pd prospect. Mapping, prospecting and shallow diamond drilling has delineated the Long Pond showing over 1.2 km and to depths of approximately 75 m vertical. The showing remains open at depth and along strike. One of the most significant intersections was from Hole 3-2 where 23.7 m grading 0.47% Ni, 0.16% Cu and 0.02 % Co was reported. A 5.2 m section included in that assayed 1.15% Ni, 0.42% Cu, 0.04% Co, 0.11 g/t Pd and 0.25 g/t Pt. The presence of elevated Platinum Group Elements (PGE's) significantly improves the economics of any potential development. The company is soliciting partners to advance exploration of the property.
(4) Onshore Petroleum, Bay St. George, Western Newfoundland, Royalty Interest
Vulcan Minerals Inc. has pioneered the petroleum exploration of the frontier wildcat Bay St. George basin (2005 - 2011). The Company made a shallow oil discovery at Flat Bay and two unconventional gas discoveries at Red Brook and Robinsons. In 2012, Vulcan sold its working interests in the project to its partner Investcan Energy Corporation. Vulcan retains a 2% gross overriding royalty on all future petroleum production on the three permits covering approximately 100,000 acres in the Bay St. George Basin.
Red Moon Resources Inc.
Bay St. George Project – Western Newfoundland
Captain Cook Halite (Salt) Project: Resource Report
Salt Market Facts
St. Fintans Potash Project
Flat Bay Gypsum/Anhydrite Deposit
Management and Directors
Patrick J. Laracy, LL.B., P.Geo., Chairman, President & Chief Executive Officer
Mr. Laracy is President, CEO and Director of Vulcan since 1995 and has extensive experience as both an exploration geologist and lawyer. He is a former President and director of the Mining Industry Association Newfoundland and Labrador and a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador with more than 30 years experience in the exploration business in various capacities.
William D.B. Koenig, CFA, CMA, Director
Mr. Koenig is an accountant and a Director of Vulcan since 2004. He has been a Natural Resources Portfolio Manager with several large Canadian funds based in Calgary.
Philip E. Collins, P.Geol., Director
Mr. Collins is a Director of Vulcan since 2005 and has diversified corporate executive and geological experience in the Western Canadian Sedimentary Basin (WCSB), East Coast Basin, Trinidad, east Texas and Colombia.
Dr. Rex V. Gibbons, Ph.D, Director
Dr. Gibbons is a geologist and a former Senior Vice-President of Jacques Whitford Group, an international geoscientific and engineering consulting firm. He is a former Minister of Mines and Energy for the province of Newfoundland and Labrador.
Please refer to Vulcan's website www.vulcanminerals.ca for complete biographies.
On September 27, 2017, Vulcan Minerals Inc. announced that it has appointed Rowland Howe of Ontario, Canada, to the Company's technical advisory committee.
On September 13, 2017, Vulcan Minerals Inc. announced 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. are currently preparing to drill. Vulcan's South Voisey's Bay project comprises three licences containing a total of 30 claims, within 200 meters of Fjordland Exploration's Sandy target.
On August 3, 2017, Vulcan Minerals Inc. provided an update on its 2017 Springdale copper-gold project field season, which commenced in June. Fieldwork has commenced in central Newfoundland and a crew will be mobilized to the Red Cross Lake property next week to attempt to locate the source of gold-bearing float.
On May 29, 2017, Vulcan Minerals Inc. announced that it has appointed Jennifer Button, CPA, CA, as chief financial officer and corporate secretary, effective on May 29, 2017.
Ms. Button has experience as both a controller and finance manager in the private and public sectors. She is assuming a full-time position with the company, which includes the additional responsibilities as business manager.
On May 09, 2017, Vulcan Minerals Inc. announced that it has acquired a series of gold claims adjacent to its Colchester copper-gold property on the Springdale peninsula in north-central Newfoundland. The properties consist of 174 claims (4,350 hectares) covering numerous underevaluated gold showings occurring within the Lushes Bight volcanic sequence.
On May 09, 2017, Vulcan Minerals Inc. has acquired a series of gold claims adjacent to its Colchester copper-gold property on the Springdale peninsula in north-central Newfoundland. The properties consist of 174 claims (4,350 hectares) covering numerous under evaluated gold showings occurring within the Lushes Bight volcanic sequence, which hosts the copper-gold deposits of the company's Colchester property. Patrick Laracy, president of Vulcan Minerals, noted: "The Springdale gold property contains high-quality prospects adjacent to our more advanced Colchester copper-gold project, providing the opportunity for brand new discovery potential. It also allows for efficient use of resources to carry out our initial field evaluation this summer. The multiple gold showings in structurally favourable locations are excellent exploration targets in an area of proven gold production."
On April 26, 2017, Vulcan Minerals Inc. announced that, consistent with the company strategy of generating minerals exploration projects, it has acquired additional claims in central Newfoundland. The properties consist of an extension to the company's existing Lizard Pond property and the new Red Cross Lake property adjacent to Marathon Gold Corp.'s deposit claims.
Patrick J. Laracy, PGeo, president, noted: "We continue to put together a high-quality portfolio of mineral properties and look forward to adding value and leveraging this value into joint venture opportunities. Based on the successful work of explorers in central Newfoundland, the area is attracting well-financed groups, which are expected to increase gold exploration in 2017. We are excited to be part of it."
Commodity TV’s interview with Patrick Laracy, President of Vulcan Minerals at PDAC 2017：
On March 2, 2017, Vulcan Minerals Inc. announced that it has acquired, by staking, the Little Bay copper-gold property in north-central Newfoundland approximately 10 kilometres southeast of its existing Colchester project. The property consists of 95 claims (2,400 hectares) covering the past-producing Little Bay and Sleepy Hollow mines. These mines operated from 1961 to 1969. The Little Bay mine produced 2.85 million tonnes at grades ranging from 0.89 per cent to 1.96 per cent copper and 6,300 ounces gold. In the later stages of production, the Sleepy Hollow mine produced 700,000 tonnes at a grade of 1.5 per cent copper.
On February 28, 2017, Vulcan Minerals Inc. announced that it has received high-grade copper and gold assays from samples taken during the Company's field work at the Colchester property in Newfoundland. Twenty-six grab samples were sent for assay, of which 16 assayed above 1 per cent copper (up to 17.8 per cent) and seven assayed above one gram per tonne gold (up to 8.7 g/t).
On December 21, 2016, Vulcan Minerals Inc. announced that it has completed its preliminary round of drilling on the Old English zone of the Colchester property in north-central Newfoundland. Four holes totalling 824 metres were drilled to explore the possible extensions of historic drill intersections of copper and gold mineralization. As well, the holes will assist in calibrating the results from a recent high-resolution induced polarization geophysical survey carried out on the property. Several zones of mineralization were encountered and are being assayed, with results expected in January, 2017.
On December 19, 2016, Vulcan Minerals Inc. announced that it has created a technical advisory committee whose purpose is to provide the board of directors and management with advice on issues relevant to the Company's activities. The Company has appointed Sean O'Brien, P.Geo, and Bob Kelly, P.Geo, to the technical advisory committee.
Mr. O'Brien is a former senior geologist at the Geological Survey of Newfoundland and Labrador (NL), with over 40 years of geoscience experience. Mr. O'Brien will be particularly helpful to the Company both from a project acquisition and marketing perspective.
Mr. Kelly has over 39 years of experience in the mining industry. Mr. Kelly will be particularly helpful to the Company in regard to mining and development issues.
On December 19, 2016, Red Moon Potash Inc. announced that pursuant to a resolution passed by shareholders at the Annual and Special meeting of Shareholders on November 4, 2016, the Company has changed its name to Red Moon Resources Inc. There is no consolidation of capital and no change in the trading symbol (RMK). The Company is classified as a ‘Mining’ company.
On December 1, 2016, Vulcan Minerals Inc.'s subsidiary, Red Moon Potash Inc., released sample analysis results from its recently conducted field mapping and sampling program on the Red Bay Nepheline deposit in southern Labrador. Twenty-seven samples were collected by company geologists. Of these samples, 22 consist of nepheline syenite and five consist of the surrounding country rock. Red Moon samples 63.49% SiO2 at Nepheline.
On November 30, Vulcan Minerals Inc. announced that it has completed the previously announced induced polarization (IP) geophysical survey at its Colchester copper-gold property in north-central Newfoundland.
The Company announced that it will commence drilling in the next few days. The program will be preliminary in nature, amounting to approximately 900 metres over four holes to be completed in approximately two weeks.
On October 25, 2016, Vulcan Minerals Inc. announced that it has commenced field operations at the Colchester copper-gold property in north-central Newfoundland. A grid totalling approximately 25 line kilometres is currently being cut to facilitate a high-resolution induced polarization (IP) geophysical survey and geological mapping.
A thorough compilation of historic data of the project has been undertaken including the digitization of all relevant geological data and drilling records. These data include 22,000 metres of drilling over 110 holes (1963-2005), various soil sampling surveys, and 15 geophysical surveys of varying vintages and quality including a 2005 high-resolution airborne magnetic and VTEM (versatile time domain electromagnetic) survey.