Volcanic Gold Mines Inc. is pleased to report that the drilling at the Holly property in eastern Guatemala is progressing well. Having completed four holes at the La Pena vein zone, the rig has now been moved 600m east along the trace of the Jocotan Fault Zone to test the El Pino vein zone. The plan for initial drilling at La Pena and El Pino targets is to test the down dip potential of the vein zones, following up on the [...]
Volcanic Gold Mines Inc. is pleased to announce that diamond drilling has commenced at the high-grade gold silver Holly Project located in Guatemala. Volcanic plans a minimum 3000m diamond core drilling and the current drill program will be fully funded by Volcanic pursuant to its option to earn an interest in the Holly and Banderas projects in Guatemala. Drill Targets The initial drill targets at Holly will focus on the [...]
Volcanic Gold Mines Inc. is pleased to announce that it has received final approval from the Ministerio de Ambiente y Recursos Naturales to conduct drilling on the Holly Project in eastern Guatemala. Simon Ridgway, Volcanic's CEO, commented: "The Ministry of Environment and Natural Resources has granted an environmental permit for the planned exploration program and we are very pleased to have received the drill permits [...]
Volcanic Gold Mines Inc. is pleased to announce results from its continuing exploration program being conducted on the Banderas Project in Eastern Guatemala. Exploration Highlights: - Pyramid Hill vein systems extended for over 1,800 meters along strike. Mapping and sampling defined a NW/SE broad zone of stockwork and brecciation hosting multiple quartz veins of up to 3m width with both shallow and vertical dips. Rock [...]
Volcanic Gold Mines Inc. is pleased to announce that ongoing exploration work at the Holly project in Guatemala is defining several exciting targets. Volcanic's exploration teams have been ground proofing the extensive historic data collected by Radius Gold since initial discovery in 2002, and the reprocessing and reinterpretation of the geophysical data acquired at Holly has led to well defined drill targets. Drill [...]
Volcanic Gold Mines Inc. announces that it has granted incentive stock options to its directors, employees and consultants to purchase up to an aggregate of 800,000 common shares of the Company, exercisable at $0.57 per share for up to ten years. About Volcanic Volcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million ounce gold and silver [...]
Volcanic Gold Mines Inc. is pleased to announce a new management and exploration team dedicated to advancing its gold and silver projects in Guatemala. Simon Ridgway, founder and director of Volcanic, will take over management of the Company as CEO and President. Simon has extensive knowledge of Guatemala, both geological and socio-political, having been one of the first modern gold explorers to work in the country. Simon [...]
Volcanic Gold Mines Inc. is pleased to report on progress on its Guatemala property package. Since completing the agreement with Radius Gold for an option on Radius's large land holdings in Eastern Guatemala, the Company has raised sufficient funds for an aggressive exploration campaign in this highly prospective gold/silver district. Operations and Permitting Since Guatemala's international borders opened in September [...]
Volcanic Gold Mines Inc. is pleased to announce that it has closed its previously announced over-subscribed bought deal financing, and a concurrent private placement with its largest shareholder, Silvercorp Metals for aggregate gross proceeds of approximately $8.6 million. Pursuant to the Offering, Volcanic issued 12,546,500 units of the Company, including 1,636,500 Units issued in connection with the exercise in full of [...]
Volcanic Gold Mines Inc. announces that it has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 2,525,000 common shares of the Company, exercisable at $0.57 per share for up to ten years. In addition, the Company has cancelled 253,570 existing stock options which were exercisable at $4.20 per share. About Volcanic Volcanic brings together an [...]
Volcanic Gold Mines Inc. is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering, Haywood Securities, on behalf of a syndicate of underwriters including Canaccord Genuity, have agreed to purchase, on a bought deal basis, 10,910,000 units of the Company, at a price of C$0.55 per Unit for gross proceeds to the Company of [...]
Volcanic Gold Mines Inc. is pleased to confirm that Guatemala has re-opened its borders to international travel and Aurora International Airport is now open and receiving international flights. In early March, Guatemala closed its borders to international travel due to COVID-19 but now the focus is reviving the economy of the country. In June this year, Volcanic signed an agreement with Radius Gold Inc. where Volcanic [...]
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