Volcanic Gold Mines Inc.

Volcanic Gold Mines regrets to report that during the recent visit of the Company's President to the Holly Project, it was noted that there is still some resistance to mining activities in the area adjacent to the project. For this reason, we consider it prudent to postpone the start of drilling until more favorable conditions are achieved. We are currently in discussions with local authorities and the community to reach [...]

Volcanic Gold Mines is pleased to report that its previously announced non-brokered private placement financing has closed, raising gross proceeds of $1,664,200. The Company has issued 13,868,332 units at $0.12 per unit. Each unit consists of one common share of the Company and one warrant which entitles the holder to purchase one additional common share at a price of $0.16 for two years following the closing. The [...]

Volcanic Gold Mines reports that the TSX Venture Exchange has granted the Company an extension for closing its previously announced $1.5 million non-brokered private placement financing, to no later than July 19, 2025. The financing will consist of up to 12.5 million units at $0.12 per unit. Each unit will be comprised of one common share of the Company and one warrant which will entitle the holder to purchase one [...]

Volcanic Gold Mines is pleased to announce that it intends to complete a non-brokered private placement financing to raise up to $1.5 million to fund the resumption of exploration activities on the Holly Property. The offering will consist of up to 12.5 million units at $0.12 per unit. Each unit will consist of one common share of the Company and one warrant which will entitle the holder to purchase one additional common [...]

Volcanic Gold Mines is pleased to announce the resumption of exploration activities on the Holly Property. Previous drilling in 2021-22 at Holly defined an inferred resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag. Spectacular grades were obtained in the last drill campaign where north-west trending epithermal veins cut the regional-scale east-west trending Jocotán fault breccia. Drilling has defined [...]

Volcanic Gold Mines Inc. is pleased to announce the resumption of exploration activities on the Holly Property and nearby regional targets in Central America. This follows two positive developments, the acquisition of Bluestone Resources by Aura Minerals and the El Salvadorian President, Nayib Armando Bukele Ortiz, proposing to revoke that country's ban on mining. Aura Minerals Inc. plans to acquire Bluestone Resources in [...]

Volcanic Gold Mines Inc. and joint venture partner, Radius Gold Inc. , are pleased to report that Volcanic has fulfilled the modified Option Agreement and earned a 60% interest in Radius's Holly and Motagua Norte Properties in Guatemala by completing the required US$7 million in exploration expenditures. During the period July 2021 to July 2022 Volcanic invested over US$4.5 in exploration on the Holly Project, the [...]

Volcanic Gold Mines Inc. and joint venture partner Radius Gold Inc. report on the conclusion of the first pass drilling campaign at the Motagua Norte Project, Guatemala. As previously reported , the initial drillholes did not locate the source of the broad area of bonanza grade gold bearing quartz boulder float discovered by Company geologists and named the Mila target. The gold-bearing quartz float at Mila covers a thin [...]

Volcanic Gold Mines and joint venture partner Radius Gold Inc. are pleased to report on the ongoing drilling campaign at the Motagua Norte Project. As previously reported , drilling confirmed that the broad area of boulder float with abundant bonanza grade assay results discovered by Company geologists at the Mila target is underlain by a serpentinite package, and the colluvial boulders of quartz and schists bearing [...]

Volcanic Gold Mines announces that its management has determined that it is in the best interests of the Company to extend the expiry date of certain common share purchase warrants exercisable at $0.70 per share which were issued in October 2020 pursuant to the Company's public offering and concurrent private placement. The original expiry date of these warrants of April 20, 2022 was previously extended to April 19, 2024 [...]