Carbonear Project – Advances Newfoundland Zinc – Lead Exploration

Vulcan Minerals Inc. has provided an exploration update on its wholly-owned Carbonear project located in eastern Newfoundland and Labrador, demonstrating continued commitment to advancing zinc-lead exploration in the region. The company has executed a comprehensive soil geochemical sampling campaign, collecting 1,243 samples during 2023 in addition to 636 samples collected in 2022, totaling 1,879 samples across the two-year program.

This systematic approach to soil geochemistry represents a foundational exploration methodology for identifying mineralized zones and defining drill targets on the Carbonear property. The scale of sampling undertaken suggests Vulcan is taking a thorough approach to understanding the geochemical signature of potential zinc-lead mineralization across the project area.

The timing of this update is significant as base metals, particularly zinc and lead, have seen renewed investor interest due to their critical roles in renewable energy infrastructure and battery technologies. Newfoundland and Labrador has a rich history of base metals production, and projects like Carbonear could contribute to Canada's domestic supply of these strategic commodities.

With the soil geochemical data now in hand from both sampling programs, Vulcan appears positioned to advance to the next phase of exploration, which would typically involve detailed geological mapping, geophysical surveys, or potentially diamond drilling to test the most prospective geochemical anomalies identified through this extensive sampling effort.