VOL Volatus Aerospace Corp

Volcanic Metals Corp. (TSX VENTURE:VOL) - 

- Volcanic conducting first ever large scale, systematic modern exploration of
the highly prolific, historic copper-producing region


- Following the positive results of airborne geophysical work, field work is
being initiated


- Contract signed with GeoMinEx, premier Canadian project managers with
significant Albanian exploration experience 


Volcanic Metals Corporation ("Volcanic") is pleased to announce that the first
airborne geophysical survey of the historically prolific Gjegjan District has
identified multiple exploration targets, never before drilled.


Initial data processing from the recently flown airborne geophysical survey has
identified several geophysical anomalies that are previously undrilled. Of
particular interest is a new target called Perbreg. The Perbreg geophysical
anomaly is located on strike and approximately 2km south of the Gjegjan mine,
which operated between 1961 and 1993, and estimated production 4,420,000 tons of
3.3% Cu (source: Albanian Geological Survey). The newly identified Perbreg
anomaly is under a very thin limestone cover that hid the volcanic sequence from
past state run exploration programs. The Perbreg anomaly is coincident with a
significant geochemical anomaly that was identified in 1985 but was never
drilled and never explained.


Several other anomalies within a 10km radius of the former mine have been
identified as high priority exploration targets. Based on the airborne
geophysical data, technical crews are now mobilizing onsite to follow up in
these target areas with ground work including Max/Min electromagnetic ground
geophysics, induced polarization ground geophysics, detailed soil sampling and
geological mapping. This initial fieldwork is being done to develop multiple
initial drill targets in the northern block of the property, in close proximity
to the historic mine.


Data interpretation from the airborne survey flown on the southern portion of
the district is expected within two weeks. The airborne survey was approximately
1200 line kilometers in two survey grids. Line spacing was 125m on the north
grid and 200m on the south grid. Geotech Airborne Ltd. completed the survey,
which was a combined high-resolution helicopter borne magnetic and
electromagnetic survey, utilizing their Versatile Time Domain Electro Magnetic
System ("VTEM").


John LaGourgue, Volcanic's President and Chief Operating Officer states, "These
positive results are indicative of what can be accomplished as Volcanic conducts
the first ever large scale and modern exploration of the Gjegjan District. While
the district is home to significant past production, Volcanic is using modern
exploration tools and techniques in the district to fully explore the potential
of this 200 square kilometer property."


Volcanic is also pleased to report that it has retained GeoMinEx Consulting Inc.
(www.geominex.com) of Vancouver, British Columbia to manage the company's
exploration program. GeoMinEx is a premier project exploration management firm
and has operated intense, large-scale exploration programs on four continents
during the past 15 years. GeoMinEx has significant experience in Albania and has
made Albania a focus of their operations for the past 3 years.


ON BEHALF OF THE BOARD

VOLCANIC CAPITAL CORP.

John LaGourgue, President, Chief Operating Officer and Director

Volatus Aerospace (TSXV:VOL)
Historical Stock Chart
From Jun 2024 to Jul 2024

Volatus Aerospace (TSXV:VOL)
Historical Stock Chart
From Jul 2023 to Jul 2024