Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE:VUL) announces that
it has commissioned an evaluation report entitled 'Geological Orientation Report
Athabasca Border Property, Northeastern Alberta' ("The Report") by APEX
Geoscience Ltd of Edmonton, Alberta in respect to its Athabasca area uranium
Permits. The Company owns 100% interest in ten (10) Metallic and Industrial
Mineral Permits covering 227,398 acres in northeastern Alberta along the
Saskatchewan border approximately 50 km east of Ft. McMurray.


The Report reviews and interprets previous work highlighting the prospectivity
of the Permits for uranium mineralization in the western Athabasca region. Of
particular significance is the revised interpretation of the Precambrian
basement domain contacts between the Taltson and Clearwater domains. The
recently discovered Patterson Lake South uranium deposit, the Cluff Lake mine
(produced 62 million pounds of yellowcake uranium between 1980-2002) and the
Shea Creek uranium deposit are interpreted to lie along these domain boundaries.
The boundary extends along the eastern portion of the Permits where it is
intersected by a prominent northeast lineament known as the High Hill River
Fault. This confluence of structures is seen as a priority exploration target.
Depth to crystalline basement is expected to be less than 300m.


The Report recommends a Phase I airborne time-domain electro-magnetic survey
along favourable structures at an estimated cost of $500,000. Contingent upon
positive results, a Phase II program of ground work and drilling is recommended
with an estimated budget of $850,000.


The Report containing relevant maps and figures is posted in its entirety on the
Company's website
(http://vulcanminerals.ca/media/uploads/Vulcan_-_Athabasca_Border_-_Orientation_Report_-_FINAL_-_25_Feb_2014.pdf).
It was not intended to be compliant with National Instrument 43-101 reporting
standards, but rather represent an early stage orientation report. No mineral
reserves or resources are known to exist on the Permits. The Permits are
considered to be relatively underexplored for uranium mineralization.


Management is encouraged by the prospectivity of the Permits based on their
structural and geological setting which has favourable characteristics to other
uranium discoveries in the area. Given the increasing exploration activity
generated by the Patterson Lake South uranium discoveries, it is the Company's
plan to solicit partners to advance exploration of the Permits.


Vulcan is a diversified junior exploration company with mineral exploration and
petroleum interests in Canada.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. This release may contain certain
forward-looking statements. Actual events or results may differ from the
Company's expectations. Certain risk factors beyond the Company's control may
affect the actual results achieved. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except by law, the Company
undertakes no obligation to publicly update or revise forward-looking
information. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vulcan Minerals Inc.
Patrick J. Laracy
President
(709) 754-3186
info@vulcanminerals.ca
www.vulcanminerals.ca
Vulcan Minerals (TSXV:VUL)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Vulcan Minerals Charts.
Vulcan Minerals (TSXV:VUL)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Vulcan Minerals Charts.