Vulcan Minerals Acquires 51 Percent Interest in Tasisuak Lake Property

Vulcan Minerals Inc. (TSXV:VUL) that they have acquired a 51% working interest in the Tasisuak Lake property in northern Labrador from Nortec Minerals Corp for 1,000,000 common shares.

As quoted in the press release:

The Tasisuak Lake Nickel/Copper/PGE property is situated approximately 50 km northwest of the Voisey’s Bay Nickel/Copper mine. Previous work on the property included shallow drilling with encouraging results of up to 14 metres of 1.02% Nickel, 0.51% Copper, 0.03% Cobalt, 0.12% Chromium and 0.35 g/t Platinum Group Elements plus Gold. Many geophysical targets and surface showings remain untested. The mineralization occurs in noritic intrusive rocks within the Tasiyuak gnesis marginal to the Nain Plutonic Suite. The Company has commenced a detailed compilation and integration of all previous work towards soliciting a joint venture partner and formulating an exploration program for 2013. The nature of that program will likely consist of prospecting, mapping and potential geophysical surveying of priority targets identified by the ongoing evaluation of previous work.

To view the whole press release, click here.