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Volcanic Capital Corp (VOL:CA)
Volcanic Metals Corp. is a mineral exploration company headquartered in British Columbia, Canada. The company's focus is on the discovery of base and precious metal deposits of economic interest within the Balkan region of Europe. The Company is currently conducting the first ever geological evaluation by modern exploration methods of the Gjegjan Mining District located in northeastern Albania. The Company is listed on the Toronto Venture Exchange under the symbol VOL.
Albania hosts significant metallic ores associated with the Mirdita Ophiolite Belt, including copper-(gold) and polymetallic copper-zinc-lead-silver-gold volcanogenic massive sulfide (VMS) deposits as well as chromite and nickel-platinum-palladium deposits. Volcanic holds a 100% interest in a 200km2 Exploration License covering a 65 km long stretch of a prospective Volcano-Sedimentary sequence exposed on the eastern margin of the Mirdita Ophiolite Belt. The sequence is host to the copper-rich Gjegjan deposit, which was mined out by the Albanians between 1961 and 1993, and several other sulfide occurrences discovered by the Albanian Geological Survey.
VIEWFIELD BAKKEN HORIZONTAL DRILL PROGRAM
Volcanic will be drilling one horizontal well within the north half of Section 5-7-10 W2M with Partners Aldon Oils Ltd. and Crescent Point Energy - Aldon to operate. This well will be drilled on 100% Freehold land. We require no special permission on any regulations for this drill. Volcanic will pay 25% of drilling and completion costs to earn a 15% interest in the project. Click here for more information.
MOOSOMIN EMERGING BAKKEN PLAY
- 6400 acres of Bakken Rights
- Bakken less than 800 metres in depth
- Some of the best producing Bakken wells have not been frac'd
- Less than $1 million per hole to drill
- Stacked Zones so backup targets exist - Red Jacket / Birdbear
- Operated by proven E&P company
- Spudding first well into play in December 2010
- Volcanic 12.5% Working interest with a favourable GORR
- Opportunity exists to increase the working interest into subsequent drills
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