Volcanic Gold Mines – Unpacking More High-Grade Drill Results Just Announced At The Holly Project
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), joins us to recap some more high-grade gold and silver drill results that were just announced yesterday from the Phase 1 exploration program a the Holly Project, in Guatemala. La Peña vein Hole HDD-22-030 intersected 11 .4 g/t Au and 1,150 g/t Ag over 1.52m within a broader interval of 10.68 m grading 2.07 g/t Au and 389 g/t Ag. Simon also reminded listeners that both holes HDD-22-023 and HDD-22-027 were also very significant high grade intercepts and were previously announced out of sequence with holes # 22 – 30 and as a result weren’t mentioned in this most recent press release from May 3rd.
Simon is still very constructive on how things are developing at Holly and believes the best next step forward is to put out an inferred Resource Estimate in the next month on the 30 holes drilled to date, and show the community, all stakeholders, and investors how robust the project is, that a mill is not needed with 2 nearby projects that will have mills in operations, and that they are far above the water table and will not need much surface disturbance as it will be a high-grade underground mining scenario.
We wrap up by also reviewing that there are 3 more additional Projects under option and review from Radius mining, in addition to the Banderas Project where work on the social licensing, land permits, and ground work is still underway by the Volcanic Gold team. One of the 3 properties under review has come back with some surface sampling showing 50 g/t gold so Simon is constructive that they’ll work things out with Radius and the local area to get those concessions granted in the near future.
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