Springdale Copper-Gold Project in Newfoundland Continues to Provide Encouraging Exploration Results

ST. JOHN'S, NEWFOUNDLAND and LABRADOR / ACCESSWIRE / March 21, 2024 / Vulcan Minerals Inc. ("the Company" - "Vulcan" TSX-V:VUL) is pleased to provide the following exploration update on its Springdale Copper-Gold project in north central Newfoundland.

Highlights:

• Newly discovered Teapot Prospect - Quartz veins assay up to 6.65 g/t Au and up to 1.4% copper in separate samples
• Gold and copper soil geochemical anomalies at Pine Pond and West Brook highlight new exploration targets

Teapot Prospect

In 2023 the Company discovered a new zone of shear-zone hosted gold bearing quartz veins at the "Teapot" prospect while conducting ground follow up on soil geochemical sampling completed in 2022. Mineralization at Teapot consists of gold in chalcopyrite, galena and sphalerite bearing quartz veins hosted in sheared mafic volcanic rocks. Sheared mafic rocks are traceable for up to 500 metres in discontinuously exposed outcrop.

Thirty-three (33) rock samples were collected in the Teapot area. Eight (8) samples assayed greater than 100 parts per billion (ppb) gold with highlights of 6.65 grams per tonne (g/t) Au and 1.3 g/t Au. The showing requires prospecting along the full extent of the shear trend to evaluate its significance.

Soil Geochemical Surveys

GroundTruth Exploration Inc. (GroundTruth) conducted soil geochemical surveys over two grids in the Springdale project namely at Pine Pond and West Brook. A total of 923 soil samples were collected over the two grids. Sampling was carried out on 100m spaced grid lines with 50m sample intervals. Maps with grid locations and sampling results are available at https://vulcanminerals.ca/springdale-gold-copper-2023/

Pine Pond Grid

The Pine Pond soil grid covers the Maple Leaf North, Maple Leaf South and Oak Leaf Prospects. Historical sampling at Maple Leaf North and Maple Leaf South include 55.4 g/t Au and 33.5 g/t Au in grab samples. Historical sampling at Oak Leaf includes 31.5 g/t Au and 19.3 g/t Au in grab samples and 840 g/t Au in heavy mineral stream concentrates.

Results for 409 soil geochemical samples taken over the Pine Pond Grid indicate a linear, northeast-southwest oriented, gold in soil anomaly in the immediate vicinity of the Maple Leaf North prospect extending over 300m. The highest gold value in this anomaly is 125 ppb Au. A second northeast-southwest trending gold in soil anomaly extends over 200m approximately 100m south of the Oak Leaf prospect with a high value of 73 ppb Au. A 100m gold in soil anomaly with a high value of 73 ppb also occurs on the south end of the grid near Pine Pond Brook.