Vulcan holds stake in Eastern Canada potash

St. John’s, Newfoundland, and Labrador-Vulcan Minerals Inc. said Aug. 20 that it owns a 100 percent interest in 1,462 mineral claims (approximately 100,000 acres) in the Bay St. George Basin of Western Newfoundland, with the potential to host an economically viable potash deposit. These claims have been systematically acquired over the course of the last ten years as the Bay St. George basin has been the primary focus of the company’s exploration efforts for petroleum and minerals. Throughout the course of that exploration the company has acquired several seismic surveys and has compiled all previous geologic and geophysical data for the area. As a result of this exploratory work, the company acquired strategic mineral rights in those areas with thick evaporite sequences that contain salt and potash. Further work in the form of drilling and seismic acquisition specifically directed at potash exploration will be required to evaluate this potential. Vulcan has hired Robert Cuthbert as project geologist. He has several years experience in the Carboniferous rocks of New Brunswick and Nova Scotia and has specifically been involved in potash exploration and development in the Moncton basin. A significant part of that experience relates to drilling in evaporite formations. In addition, he has petroleum exploration experience and will assist the company in its ongoing petroleum exploration of the Bay St. George Basin. He has a BSc (Hons.) degree in Earth Science from Dalhousie University in Halifax, Nova Scotia, and is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador. Vulcan says the company’s claims within the Bay St. George Basin have excellent road access and are all near tide water available for shipping 12 months of the year in the North Atlantic. The Trans Canada highway and provincial electrical grids cross the property. Vulcan, which describes itself as a diversified junior exploration company focused on petroleum exploration in the under-explored Western Newfoundland area, also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador.