Holly and Banderas

  • World class gold silver terrain
  • Compelling projects
  • Huge regional land position
  • Multiple high
  • grade targets

Project History

  • Initial discoveries by Radius Geologists in 2002/3
  • Several shallow drill programs conducted during next 36 months
  • Extensive high-grade drill intercepts indicate potential. Weak gold market halts exploration
  • No drilling on property package since 2006
  • In 2007 Goldcorp makes Escobal world class silver discovery 20 km’s away
  • Multiple targets open for expansion or are untested by drilling

Terms of Guatemala option

The Company has acquired an option on a large land position in Eastern Guatemala from Radius Gold Inc.

Volcanic can earn a 60% interest in the Holly and the Banderas projects by spending the cumulative amount of US$7.0 million on exploration of the Properties within 48 months from the date of the agreement.

An initial US$1M must be spent on exploration within the 12 months of receiving the required drill permits, which expenditure will include a minimum 3,000m of drilling on the properties.

Following the exercise of the Option, Volcanic will enter into a standard 60/40 Joint Venture in order to further develop the Properties.

Volcanic has also been granted an exclusive right to evaluate all other property interests of Radius in Guatemala with a right to acquire an interest in any or all other such properties on reasonable terms.

Volcanic is actively looking for new projects, with a focus on discovering multi-million ounce gold resources in underexplored countries. If you have an interesting project to submit, please contact us by email: info@volgold.com