Volcanic Gold Mines – Maiden Inferred Mineral Resource Estimate of 406,316 oz at 9.57 g/t gold equivalent for the Holly Project
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), joins us to outline the key takeaways from the news out yesterday on June 9th, that announced a maiden Inferred Mineral Resource Estimate of 406,316 oz at 9.57 g/t gold equivalent for the Holly Project, in Guatemala. Resources were estimated using a 3.0 g/t Gold equivalent cut-off grade and a top cap grade of 100 g/t Gold and 2,000 g/t Silver and presented on a 100%-basis, and based on the 30 drill holes released after the Phase 1 exploration program
Simon is still very constructive on how things are developing at Holly Project and believes putting out this inferred Resource Estimate will show the community, all stakeholders, and investors how robust the project is with a robust mix of both gold and silver mineralization. Another positive 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. Simon is constructive that they’ll get things negotiated soon with Radius and the local stakeholders to get those concessions granted in the near future.
Please email us with any follow up questions for Simon on Volcanic Gold at either email@example.com or firstname.lastname@example.org.