Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Vulcan Minerals - C.VUL -- Ignore unavailable to you. Want to Upgrade?

To: Killick who wrote (144)	1/10/1999 2:59:00 PM
From: Len Hynes	Respond to of 415

Hi Killick; I assume that you are following the Alberta Diamond play , in particular the shifting focus towards the Calling Lake area where it is purported that Buffalo Diamonds and New Blue Ribbon have discovered a macrodiamond along with other indicator minerals. As you maybe aware, Vulcan,s Lac la Biche block(1.5 million acres) is in the general area of Calling Lake, and we should see a good deal of attention given to companies with prospective property in that area very soon.It is expected that Buffalo Diamonds and New Blue Ribbon will soon begin their exploration programs in earnest. Companies like Vulcan will we watched very carefully...especially once the company releases the results of it's Aeromagnetic Survey (see press release Dec 1/98)...http://www.info-mine.com/vulcan. As you probably know, the Lac la Biche area lies within a major northeast-southwest trending geologic structure, the Snowbird Tectonic Zone.This zone is interpreted to form the southern boundary of the Buffalo Head terrane and other Proteozoic aged terranes in Northern Alberta. It is in the vicinity of this zone that Buffalo Diamonds, and Pure Gold Minerals have discovered favorable diamond indicator minerals, and the presence of at least one diamond. Keep your eyes open as well for Vulcan's participation in Newfoundland's West Coast Oil Play...soon to begin. Word around here has it that Pan Canadian has completed the access road and that the drill rig is now in transit to the area to begin drilling ~last week of January.Any company that is willing to spend big bucks ($10 million) to drill a well in this kind of oil market must be very confident of it's psospects for success. As you may be aware from Vulcan's press release(Nov 4/98)), Vulcan will be drilling a well during the spring of 1999 to test the petroleum potential of the Carboniferous-aged St. Georges Basin.In Nov/96, Vulcan drilled a test hole to 500 ft, and penetrated a petroliferous conglomerate from 450-500 ft which bled a light brown, non-biograded oil over the 50 ft. interval. Additionally, in January1998 ,Vulcan was the successful bidder on three offshore petroleum licenses in the Gulf of St. Lawrence adjacent to the West Coast of Newfoundland. Should Pan-Canadian or Norcen Energy be successful in their upcoming oil exploration programs, Vulcan's offshore properties will be highly sought after by the larger companies in the area. Without getting into the company's other highly prospective base metal, precious metal properties, it appears certain that Vulcan will be in the Spotlight in 1999 from the Alberta Diamond as well as the West Coast Oil Plays. Keep your fingers crossed and ......let the good times roll!!!!!!!!!

To: Killick who wrote (144)	1/15/1999 4:48:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 415

To All: The announcements today by both Buffalo Diamonds Inc. and Montello Resources of developments in the Calling Lake area have officially "kicked off" what might best be referred to as the" CALLING LAKE DIAMOND PLAY".We have been waiting in great anticipation for some time now the official disclosure of preliminary exploration results by Buffalo Diamonds Ltd. on their Calling Lake property. Montello, having an appreciation of the prospectivity of this area for diamonds, quickly jumped into the play ..."buying into" the Jackfish and Tyrell properties. What other companies can we expect to capture the interest and attention of investors in the Calling Lake area in the months to come. High on my list is New Claymore(NCS-V) and Vulcan Minerals Ltd (VUL-A). For those of you who may not be aware,Vulcan owns a 100% interest in approx. 2.1million acres in Alberta The company's latest press release focuses on activity on the Lac la Biche block(1.5 million acres), in the vicinity of Calling Lake. The press release reads as follows:. Vulcan Minerals commences Airborne Magnetic Survey for Diamonds in Alberta Stock Symbol: VUL:ASE Shares issued: 9,519,500 ST. JOHN'S, NF, Dec. 1 /CNW/ - Vulcan Minerals Inc.(the company, ASE:VUL) has entered into an agreement with Spectra Aviation Services to conduct a High Resolution Aeromagnetic Survey for kimberlite detection in Alberta. The survey will cover eight townships (approximately 170,000 acres) near Lac la Biche. The area lies within a major northeast-southwest trending geologic structure, the Snowbird Tectonic Zone. This structure may have provided conduits for the emplacement of kimberlites. Several one line circular to elliptical magnetic anomalies occur on the Geological Survey of Canada regional magnetic survey of the area. That survey consists of flight lines spaced approximately 2 kilometres apart. The high resolution survey to be flown will fly at 200 metre spaced flight lines in order to delineate the nature of the magnetic anomalies and locate any new additional anomalies. Based on Alberta Geological Survey data the area is mostly covered by 0 - 50 metres of drift thickness. As well, the area is underlain by favourably aged Upper Cretaceous rocks. In the vicinity of the Snow Bird Tectonic Zone other operators have recently reported the discovery of favourable diamond indicator minerals in till samples near Edmonton (Pure Gold Minerals Inc.) as well as at least one diamond and other indicator minerals in till samples at Calling Lake (Buffalo Diamonds Ltd.), approximately 60 kilometres west of the Lac la Biche block. The survey will commence this week. Vulcan owns a 100% interest in metallic and industrial mineral permits covering approximately 2.1 million acres of Alberta. I recently made contact with the company and was told that the aeromagnetic survey has now been completed and the company is awaiting the release of results. We can anticipate a release of these results in the next several weeks. At the present time, Vulcan is trading in the .15 to .18 cent range.Positive results from the company's areomag survey, and further positive developments in the Calling Lake area should bring a significant level of buying interest to the stock, and quickly move it to the .30-.40 cent level. Also, refer to my recent posting on the Vulcan thread re the company's West Coast Oil prospects...Pan-Canadian will be spudding their $10 million dollar well on Jan.25/99. Vulcan is the only junior company with property in the immediate area....with a 50 ft. interval of petroliferous conglomerate in its first test hole. This company is finding itself in the heat of what will prove to be two major plays. Visit the company's website at: info-mine.com. I am not an official of this company....just a shareholder.