Volcanic Metals Corp.

Volcanic Metals Corp.

April 08, 2010 09:30 ET

Volcanic Identifies Major New Target Area, 2.5km South of Historic Gjegjan Ore Deposit-Field Work Begins

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2010) - Volcanic Metals Corp. (TSX VENTURE:VOL) ("Volcanic") has identified a major new exploration target area, approximately 2.5km south of the historic Gjegjan ore deposit. This target area, Perbreg, consists of a coincident geophysical and geochemical anomaly that has never been previously drill tested.

A strong electromagnetic (EM) anomaly in late time channels was obtained by the recently completed airborne geophysical survey approximately 2.5km from the former Gjegjan mine, which is reported to have produced 4.4 Mt of 3.3% copper. The EM anomaly lies over limestone cap rock and alluvial gravels covering the prospective volcano-sedimentary sequence, host to known massive sulphide ore bodies in the district.

The newly detected EM anomaly is coincident with a copper geochemical anomaly outlined by soil sampling conducted by the Albanian Geological Survey (AGS) in the early 1980's. The copper values in soils are high, reaching 0.08% to 0.2%. The survey was part of an integrated geological, geochemical and geophysical prospecting program for new copper mineralisation, similar to the massive ore deposit of Gjegjan.

According to a detailed analytic study carried out by the AGS, the copper in gravels at Perbreg are largely in the form of carbonates, oxides and secondary sulphides. These secondary copper concentrations typically result from the oxidation of copper sulphides and transport of in solution by acidic ground waters. The possible source of the copper in the gravels at Perbreg is a proximal concealed massive sulphide body.

Volcanic will conduct further ground work in the Perbreg area including ground EM, induced polarization geophysics and soil sampling to confirm and better define the historic soil sampling results and airborne EM anomaly and plan initial drill hole locations. Field work has commenced.

Other high-priority targets identified in the North Block of the District include the Bardhoc, East Bardhoc, and Morine anomalies. Ongoing processing of the Airborne EM data has also identified a further 7 anomalies in the North Block to be followed up with ground geophysical work.

John LaGourgue, Volcanic President and Chief Operating Officer, states, "Perbreg is one of many high priority targets now identified by Volcanic. This is a historically prolific copper mining district and Volcanic is conducting the first modern exploration of the area. We look forward to testing Perbreg and other key targets through the use of systematic, modern technology."

Rock Lefrançois, P.Geo., Director of Volcanic and Qualified Person as defined by National Instrument 43-101, has verified the technical content of this News Release.

/s/ John LaGourgue
John LaGourgue
President, Chief Operating Officer and Director

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