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Experience
Newfoundland History...
 VULCAN
MINERALS INC.- Parsons Pond Update
May
10, 2004 St. John’s - Newfoundland - Vulcan Minerals
Inc. (“the Company” TSX: VUL) announces that it
has received the following update on Parsons Pond
#1 from the operator, Contact Exploration Inc.
(Contact).
Core
plugs from the Parson’s Pond # 1 well were analysed
to determine their velocity profiles so they could
be compared with the estimates utilized in the
seismic interpretation to predict the actual depth
of the target zone, the Daniel's Harbour Member.
Estimates were used in the interpretation because
there were no previous wells drilled in this area
with either core or log data available. The results
show that the upper sands in the well, which were
encountered in greater thickness than anticipated,
were also lower velocity than estimated. This
means that the targeted highly reflective zone
forecast at 870 meters was actually the Cow Head
limestone, penetrated at 635 meters. The prospective
Daniel’s Harbour Member was thus not encountered
in the tested fault block. There are no immediate
plans to deepen the well, but further evaluation
will address the possibility of deeper targets
at this location.
In
the short term Contact and partners are reviewing
the potential for testing the uphole fractured
zones in the Parson’s Pond #1 well which had hydrocarbon
shows during drilling. It is anticipated that
a decision on this will be made within the next
30 days.
In
the longer term the new seismic information has
shown that the deeper Ordovician platform play
is shallower (approximately 2300 meters) than
previously anticipated. It also has the potential
to be larger than previously mapped based on the
new seismic information. Contact plans to re-map
the play with the new seismic information and
work with existing partners to attempt to get
this deeper target drilled as soon as partners
and financing can be arranged. The deeper play
cannot be accessed with the existing well bore
and must be drilled with a conventional drilling
rig. For information please contact Mr. Patrick
Laracy, President of Vulcan Minerals Inc. Phone:
(709) 754-3186, Fax: (709) 754-3946, or Email:
info@vulcanminerals.ca
(May21st,2001)
- Unofficial census taken today of Parsons Pond
indicates the population as declined to 394 people.
Down from 530 when the last official census was
taken in 1991. Many more are expected to out migrate
to places like Alberta and Ontario after school
is over for the Summer.
(May8th,2001)
- 13 year old Micheal Bavis is currently attending
a tryout for Newfoundland PeeWee Hockey All-stars
taking place in Corner Brook. He was an incredible
goaltender in the Daniel's Harbour hockey league
for the minor hockey teams of Parsons Pond since
he began some eight years ago. The past two seasons
he has played in the Rocky Harbour Minor Hockey
league and exceled between the pipes. Enough that
he has been noticed by local scouts and given
the chance at a tryout to represent Newfoundland
in Ottawa later this year. Keep up the great work
Micheal! You can do it!
To
send Micheal e-mails for encouragment please click
here .
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