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vulcan minerals inc (VUL) Snapshot

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vulcan minerals inc (VUL) Details

Vulcan Minerals Inc. acquires, evaluates, and explores petroleum and natural gas, and mineral properties in Newfoundland and Labrador, Canada. The company holds interests in the EL 1079R, a petroleum license and is located in the offshore western Newfoundland. It also holds in the Tasisuak Lake nickel-copper-cobalt-platinum-palladium Property that is located in Labrador; and owns potash/salt mineral rights that cover an area of approximately 89,884 acres located in the northern Bay St. George basin. The company is headquartered in St. John's, Canada.

vulcan minerals inc (VUL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2013.

vulcan minerals inc (VUL) Key Developments

Vulcan Minerals Inc., Annual General Meeting, Sep 05, 2014

Vulcan Minerals Inc., Annual General Meeting, Sep 05, 2014., at 10:00 Newfoundland Standard Time. Location: Quality Hotel Harbourview. Agenda: To receive the audited consolidated financial statements of the corporation for the year ended December 31, 2013, together with the report of the auditors thereon; to fix the number of directors to be elected at the Meeting at four and to elect directors for the ensuing year; to appoint auditors and authorize the directors to fix the remuneration of such auditors; to consider and, if thought fit, pass, with or without amendment, a resolution to ratify and approve the corporation's stock option plan; to approve an ordinary resolution ratifying, confirming and approving the corporation's advance notice policy; and to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof.

Vulcan Minerals Inc. Completes Labrador Nickel-Copper-PGE Property Data Evaluation

Vulcan Minerals Inc. has completed an internal report entitled 'Report on a Review of Geophysical Data, Tasisuak Lake Property, Labrador (Nickel, Copper, Platinum Group Elements)' authored by Corwin Northcott, P. Geo., Geophysicist/Exploration Manager for the company. A comprehensive review, digitization and database creation was completed to allow several vintages of geophysical data to be integrated and correlated with drill results and geology. The data were internally correlated with historic information which required geo-referencing and digital editing. As a result the company now has an unprecedented database from which to advance the understanding, exploration and development of this property. The company owns a 100% working interest in the property covering 219 claims (13,529 acres) in northern Labrador approximately 50 kilometres northwest of the Voisey's Bay nickel-copper mine. In excess of $3,000,000 of exploration expenses have been incurred on the property by previous operators, the bulk of those expenditures were by parties that had optioned the property from the company. The Property has undergone four rounds of drilling, 2040 metres (m) in 1995, 1700 m in 1996 (associated with the Voisey's Bay staking rush), 2300 m in 2005 and 1960 m in 2008. Much of the drilling focussed on outcrop mineralization and as a result had relatively shallow depth penetration of less than 150 metres. In addition to the nickel-copper discoveries, anomalous platinum group elements and gold were also encountered in the mineralized zones. Some of the near surface drilling highlights are as follows; Nickel (Ni), Copper (Cu) Cobalt (Co): 14 metres of 1.02% Ni, 0.51% Cu, 0.03% Co, (Hole 08-AA-60), 9 metres of 1.02% Ni, 0.55% Cu, 0.04% Co, (Hole 08-LP-55), 3 metres of 1.04% Ni, 0.38% Cu, 0.03% Co (Hole 08-LP-56), 3 metres of 1.01% Ni, 0.39% Cu, 0.04% Co (Hole 08-AA-62). The property includes claims covered by three airborne frequency domain electromagnetic systems spread over three different grids (1400km) in 1995 and a VTEM time domain system (610km) in 2008. The company is of the view that the property requires an extensive drill campaign to systematically evaluate the various targets, especially given the proven nickel-copper magmatic sulphides already discovered at surface. The company plans to solicit joint venture partners to advance the exploration of the property. However the company is currently reviewing the merits of conducting its own 2014 summer field program to ground check the various new drill targets identified from the geophysical/geological review.

Vulcan Minerals Seeks Acquisitions

Vulcan Minerals Inc. (TSXV:VUL) is looking for acquisition opportunities. Vulcan Minerals is reviewing the possible project acquisitions.


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