Volcanic Gold Mines and Radius Gold are pleased to present a further update on the ongoing drilling campaign at the Motagua Norte Project. As previously reported, drilling to date has confirmed that the broad area of boulder float with abundant bonanza grade assay results discovered by Company geologists is underlain by a serpentinite package, and that all of the colluvial boulders of quartz and schists bearing the [...]
Volcanic Gold Mines and Radius Gold are pleased to present an update on the first-pass drilling campaign that is ongoing at the Motagua Norte Project. Drilling to date has confirmed that the broad area of boulder float with abundant visible gold and bonanza grade assay results discovered by Company geologists is underlain by a serpentinite package, and that all of the colluvial boulders of quartz and schists bearing the [...]
canic Gold Mines announces that it has granted to its directors, officers and employees incentive stock options to purchase up to an aggregate of 850,000 common shares exercisable for up to ten years at a price of $0.23 per share. 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 [...]
Volcanic Gold Mines Inc. and Radius Gold Inc. are pleased to report that the previously announced signing of an amended option agreement between the companies which includes the Motagua Norte project in exchange for the Banderas project has been approved by the shareholders of each company and the TSX Venture Exchange. Disinterested shareholder approval was received at the respective annual general meetings of Volcanic [...]
Volcanic Gold Mines Inc. and joint venture partner Radius Gold Inc. are pleased to announce that a first-pass drilling campaign has commenced on the Mila Gold Discovery located within the Motagua Norte Project. The Mila prospect to date is defined over a 250 m by 600 m area of quartz outcrop, subcrop and boulder float with abundant visible gold and bonanza grade assays discovered by Company geologists in Central [...]
Volcanic Gold Mines Inc. is pleased to provide an exploration update on the high-grade Mila prospect in the Motagua Norte project in Guatemala. Highlights of the gold discoveries at the Mila prospect: Concentration of bonanza-grade and visible gold in quartz veins over a 250 x 570 m area. Continuous line rock chip sampling across mixed outcrop, subcrop, boulder fields of 34 m averaging 42 g/t gold and 24 m averaging 54 [...]
Volcanic Gold Mines Inc. is pleased to announce that the Cirilo I exploration licence, covering a 13.5 km² area including the highly prospective Mila gold discovery in the Motagua Norte project area of Guatemala, has been granted by the Ministry of Mines of Guatemala. The Mila prospect is an area of bonanza-grade quartz float, subcrop and outcrop discovered by Company geologists during regional prospecting along the [...]
Volcanic Gold Mines Inc. and Radius Gold Inc. are pleased to announce that they have modified the Option Agreement signed in 2020 to include the Motagua Norte project in exchange for the Banderas project. The work that the Volcanic team has completed to date has demonstrated that Motagua Norte is a high grade orogenic gold system with compelling drill targets. Highlights Under the modified Option Agreement, Volcanic has [...]
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 common share purchase warrants exercisable at $0.30 per share which were issued in July 2020 pursuant to the Company's private placement financing. Accordingly, subject to TSX Venture Exchange acceptance, the expiry date of 8,813,500 outstanding warrants will be extended by one [...]
Volcanic Gold Mines Inc. On July 6, 2023, Bluestone Resources Inc. outlined plans for its Cerro Blanco feasibility stage gold and silver project in Guatemala in a news release entitled "Bluestone Announces Strategic Review Process". The Bluestone news release announced that: "…the Company has commenced a process to explore and evaluate potential strategic alternatives to further advance the Cerro Blanco gold [...]
Volcanic Gold Mines Inc. 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 20 [...]
Volcanic Gold Mines Inc. is pleased to announce it has continued to advance mining studies on the flagship Holly Project in preparation to upgrade the exploration license to an exploitation license. The Holly project has an inferred Mineral Resource of 1.3 Mt at 6.5 g/t for 270,000 oz contained gold and 260 g/t silver for 11 Moz contained silver, which equates to 9.6 g/t at 410,000 oz gold equivalent* . The mineral [...]