American Marconi Wireless News - Vulcan Minerals Inc. - Corporate Update

Highlights:

• McNeilly zone drilling of the Colchester Property - assays pending

• Marketing agreement - JAC Marketing

• Stock Options issued

The Company successfully completed a five hole drill program (715 meters) at the McNeilly zone (Colchester Project) last December to test new Induced Polarization (IP) anomalies related to the volcanic massive sulphide copper-gold deposit in central Newfoundland. Previous IP surveys by the Company and historic operators have shown a positive correlation to mineralized zones. Visual inspection of the drill core confirms that disseminated and stringer copper mineralization are associated with the new IP anomalies. Drill core is in the process of detailed logging and assay analysis. Maps detailing the drilling program will be provided upon completion of analysis and assay results.

The Company has entered into a marketing services agreement with JAC Marketing of Mount Pearl, Newfoundland for a term of one year at a rate of $2,850.00 per month. JAC will provide various services including web site design and development, media production and marketing strategy. The agreement is subject to TSX Venture Exchange approval.

Patrick Laracy, CEO and President, commented "We look forward to working with JAC to increase the company's visibility and market awareness. The first steps are to update our web site and establish a digital presence on various media. Our company is well capitalized with an exciting story."

The Company has granted 3,750,000 stock options to directors and employees exercisable at $0.15 for a period of two years. The Company has 12,930,927 shares reserved for issuance pursuant to its Stock Option Plan, of which 6,550,000 are issued and outstanding prior to this current grant.

The Company will be exhibiting at the upcoming Prospectors and Developers Association of Canada Conference in Toronto from March 02-05 at Booth #2835 in the Investors Exchange.

About Vulcan

Vulcan Minerals is a base and precious metals exploration company based in St. John's, NL with strategic land interests in multiple active Newfoundland exploration and development belts. It also owns approximately 30 per cent of the shares in Atlas Salt Inc. (TSXV:SALT). Atlas Salt is currently developing the Great Atlantic salt mine in western Newfoundland.

Patrick J. Laracy, P. Geo., President, is the qualified person who has reviewed and approved the technical contents of this news release as defined in National Instrument 43-101.

We seek safe harbour.

For information please contact:

Patrick J. Laracy, P.Geo.
CEO and President
(709) 754-3186
[email protected]
www.vulcanminerals.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion, delivery and timing of the referenced exploration program and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SOURCE: Vulcan Minerals Inc

View the original press release on ACCESS Newswire

C.Garcia--AMWN