St. John’s, Newfoundland, and Labrador-Vulcan Minerals Inc. said Sept. 25 that it has received assay results for potash samples from the Captain Cook core hole in the Bay St. George Basin of Western Newfoundland. The results are considered very encouraging by the company because they identify the potential for potash mineralization as sylvite at grades that may be of economic significance and relatively low insoluble content. The next phase in the program is to interpret and/or acquire more geophysical data to identify evaporite packages that may have thick zones of potash and conduct exploratory drilling in those areas. Vulcan is a diversified junior exploration company focused on petroleum exploration in the under-explored Western Newfoundland and Labrador area, and also holds mineral interests in areas strategic to its operations there.
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