20264 releases
Volcanic Gold Mines secures First Right of Refusal on Guatemalan Antimony Mine and advances mine owner’s drilling
A Right of First Offer and Right of First Refusal has been secured to acquire an interest in the fully permitted Los Angeles antimony mine in Palencia, Guatemala, from private operator Compania Minerales de Guatemala, S.A. Channel sampling of 61 saw-channel samples across the 200 m open-pit face averaged 1.6 m at 5.0% Sb and 17.1 g/t Ag, with individual channels up to 17.8% Sb and 68.7 g/t Ag. Eleven diamond holes totalling 1,041 m are complete, five intercepting antimony mineralization; assays pending.
AcquisitionVolcanic Gold Adopts Semi-Annual Financial Reporting
Semi-annual financial reporting has been adopted under Coordinated Blanket Order 51-933, which permits eligible TSX Venture Exchange issuers to move from quarterly to semi-annual reporting. Volcanic Gold Mines will no longer file interim financial reports and MD&A for three-month and nine-month periods, beginning with the three-month period ended March 31, 2026. It will continue filing audited annual statements and MD&A due 120 days after December 31 and unaudited six-month statements due 60 days after June 30.
CorporateVolcanic Gold Grants Incentive Stock Options
Incentive stock options to purchase up to an aggregate of 1,250,000 common shares have been granted to directors, officers and employees of Volcanic Gold Mines Inc. (TSXV: VG). The options are exercisable for up to ten years at a price of $0.15 per share.
CorporateRecent announcement from Aura Mines is a positive step for Mining in Guatemala
Aura Minerals' January 6, 2026 receipt of a construction license and commencement of early works at the Era Dorado Project (formerly Cerro Blanco) in Guatemala was noted as relevant to Volcanic's nearby Holly project. Era Dorado targets over 1.6 Moz gold at 100–120 koz per year. Holly, 40 km north and connected by paved road, holds an inferred resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag for 270,000 oz gold and 11 Moz silver. Volcanic says it wants majority local support before resuming work, following the 2022 suspension of drilling.
News
20257 releases
Engagement of Departures Capital to conduct digital marketing program
A six-month service agreement with investor marketing agency Departures Capital Inc. of Vancouver, BC, effective May 15, 2025, saw Departures conduct a digital marketing and investor outreach program including video interviews with Volcanic's CEO, a dedicated investor landing page and digital advertising. Departures Capital charged US$25,000, paid from general working capital in June 2025. Departures Capital, founded and led by Aaron Missere, is at arm's length and holds no interest in the Company's securities.
CorporateDrilling at the Holly Property delayed
The start of drilling at the Holly Project in Guatemala has been postponed due to continued resistance to mining activities in the area adjacent to the project, with the Company in discussions with local authorities and the community. Volcanic is fully permitted to drill and has agreements with all landowners where drilling would occur. Drilling in 2021-22 defined an inferred mineral resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag at Holly.
Drill resultsVolcanic Gold closes upsized private placement, raising $1.66 million
An upsized non-brokered private placement has closed for gross proceeds of $1,664,200 through the issue of 13,868,332 units at $0.12, each unit comprising one common share and one two-year warrant exercisable at $0.16, with an acceleration clause if shares close above $0.25 for 10 consecutive trading days. Proceeds will fund resumption of exploration at the Holly Property in Guatemala and general working capital. Finder's fees of $23,712 cash and 197,599 warrants were paid; securities are restricted until November 16, 2025, subject to TSX Venture Exchange approval.
FinancingVolcanic Gold announces extension of $1.5 million private placement
The TSX Venture Exchange has granted an extension to close a previously announced $1.5 million non-brokered private placement to no later than July 19, 2025, consisting of up to 12.5 million units at $0.12 per unit, each with one common share and one warrant exercisable at $0.16 for 24 months, subject to an acceleration clause if shares close above $0.25 for 10 consecutive trading days. Proceeds will fund resumption of exploration at the Holly Property in Guatemala and working capital.
FinancingVolcanic Gold announces non-brokered financing of $1.5 million to fund restart of drilling at Holly Property, Guatemala
A non-brokered private placement of up to $1.5 million is planned, consisting of up to 12.5 million units at $0.12, each with one common share and one warrant exercisable at $0.16 for 24 months, with an acceleration clause if shares close above $0.25 for 10 consecutive trading days. Proceeds will fund resumption of drilling at the Holly Property in Guatemala, which hosts a resource of 1.3 Mt at 6.5 g/t gold and 260 g/t silver, or 410,000 oz gold equivalent at 9.6 g/t. Drill permits are in place.
FinancingInterview Replay: Simon Ridgway on Volcanic Gold’s High-Grade Holly Project
An interview replay with President and CEO Simon Ridgway covers the Holly Project in Guatemala, which has an inferred resource of approximately 400,000 ounces of gold equivalent at 9.6 g/t. Drilling has returned 4.58 metres at 79.84 g/t gold and 5,053 g/t silver. Ridgway discusses the company's next phase of exploration and growth potential.
CorporateVolcanic Gold prepares to restart exploration at Holly Property with a focus on increasing the high-grade resource
Exploration is resuming at the Holly Property in Guatemala, where 2021-22 drilling defined an inferred resource of 1.32 million tonnes at 6.46 g/t gold and 256 g/t silver. Drilling permits are in place, and the company is working with landowners, local authorities and the community for a social licence after 2022 demonstrations suspended the prior campaign. Initial drilling will target the Peña vein down-dip and along strike, and the Pino vein, where intercepts include 3.60 m at 22.03 g/t gold and 697 g/t silver.
Drill results
202410 releases
Volcanic Gold prepares to restart exploration at Holly Property and surrounding regional prospects
Exploration will resume at the Holly Property and nearby regional targets in Central America, where Volcanic holds a 60% interest. Holly, located 38 km north of Bluestone's Cerro Blanco deposit in Guatemala, hosts an inferred resource of 1.32 million tonnes at 9.6 g/t AuEq for 410,000 oz gold equivalent, with work previously halted after a demonstration in which a drill rig was set on fire. Directors Charles Straw and Michael Povey have resigned.
Drill resultsVolcanic Gold completes earn-in on Guatemala properties
A 60% interest in Radius Gold's Holly and Motagua Norte properties in Guatemala has been earned by Volcanic Gold after completing the required US$7 million in exploration expenditures under the modified option agreement. Prior drilling at Holly established an inferred resource of 410,000 oz at 9.6 g/t AuEq on the La Pena vein, with intercepts including 4.57 m at 54.24 g/t Au and 3,925 g/t Ag. Exploration remains on hold, with holding costs shared 60/40.
AcquisitionVolcanic Gold provides update on drilling at Motagua Norte property, and recent developments in Guatemala
The first-pass drilling campaign at the Motagua Norte Project in Guatemala has concluded, with 13 holes drilled testing a range of targets. Results received from the initial holes testing vertical and north-dipping veins at and near the Veta Madre Fault indicate the gold-bearing quartz boulders at the Mila target did not originate from these structures; assays are pending for the final four holes, which intercepted several veins but showed no visible gold. Following the April 12, 2024 appointment of a new Minister of the Environment, Volcanic will monitor developments at Cerro Blanco and Escobal before committing further funds to Guatemala and is assessing opportunities elsewhere.
Drill resultsVolcanic Gold provides update on drilling at Motagua Norte property, Guatemala
The first two diamond drill holes (MIDD-24-04 and 05) at the Mila target on the Motagua Norte project in Guatemala cut the broad Veta Madre Fault but returned no anomalous samples, indicating the gold-bearing colluvium fields did not originate from that structure. Mapping upslope to the south identified another large quartz structure, Veta Padre, with visible gold in narrow south-dipping veins between the two. Drilling has shifted to those veins and stockwork zones. Volcanic can earn 60% from Radius Gold.
Drill resultsVolcanic Gold proposes extension of previously issued share purchase warrants
Volcanic Gold Mines proposes to extend by a further 12 months, to April 18, 2025, the expiry date of 6,273,250 warrants issued under its October 2020 public offering and 1,558,550 warrants issued under the concurrent private placement, each exercisable at $0.70 per share. The warrants originally expired April 20, 2022 and were previously extended to April 19, 2024. The extension is subject to TSX Venture Exchange acceptance.
CorporateVolcanic Gold provides further update on drilling at Motagua Norte property, Guatemala
Two drill holes have now been completed across the Veta Madre Fault Zone at the Motagua Norte project in Guatemala, a joint venture with Radius Gold. Hole MIDD-24-004 passed through 98 m of serpentinite, reaching the fault zone about 120 m below surface, and remained in veining and stockwork schists for 63 m to 161 m; MIDD-24-005, 100 m along strike west, cut 39 m of altered rock with strong stockwork quartz veining. Both were drilled at -45 degrees; true widths are unknown. Holes MIDD-006 and 007 were abandoned after rods became stuck in colluvium. Assays from ALS Laboratory, Vancouver are expected in early May.
Drill resultsVolcanic Gold update on drilling at Mila Gold Discovery, Guatemala
First-pass drilling at the Motagua Norte Project in Guatemala, a joint venture with Radius Gold, has cut 6 m to 15 m of colluvium composed of quartz and schist float, locally bearing visible gold, before passing into a serpentinite package, indicating the gold-bearing boulders moved downslope from a structural corridor named the Veta Madre Fault Zone. Drilling of the Mila zone target within that corridor is underway, with additional drill pads being prepared along strike. Of roughly 420 surface rock chip samples, over one hundred exceeded 10 g/t gold, including twenty-one over 100 g/t and a maximum of 692 g/t gold.
Drill resultsVolcanic Gold grants incentive stock options
Incentive stock options to purchase up to an aggregate of 850,000 common shares have been granted to directors, officers and employees of Volcanic Gold Mines Inc. (TSXV-VG). The options are exercisable for up to ten years at a price of $0.23 per share.
CorporateVolcanic Gold Mines and Radius Gold receive shareholder and Exchange approval of Motagua Norte project option
Shareholders of both companies and the TSX Venture Exchange have approved an amended option agreement between Volcanic Gold Mines and Radius Gold that adds the Motagua Norte project in Guatemala in exchange for the Banderas project, with disinterested shareholder approval obtained at annual general meetings held December 14, 2023. Volcanic can earn a 60% interest in the Holly and Motagua Norte properties by spending US$7.0 million on exploration, with prior Banderas expenditures credited toward that requirement.
AcquisitionVolcanic Gold Mines commences drilling at the Mila Gold Discovery, Guatemala
First-pass diamond drilling has begun at the Mila Gold Discovery within the Motagua Norte Project in central Guatemala, with 1,000 to 3,000 m planned to test the width, grade and geometry of gold mineralization. Mila is defined over a 250 m by 600 m area; of about 420 surface rock chip samples, over one hundred exceeded 10 g/t gold, twenty-one exceeded 100 g/t gold, to a maximum of 692 g/t gold. Volcanic can earn 60% of the Cirilo I licence from Radius Gold.
Drill results