VenCan Gold Updates On Recently Acquired Properties

Mt. Logano Update

The Company has recently completed trenching and excavating in a new area of the Mt. Logano Property. This part of the Property has been, up until now, inaccessible due to the dense forest and swampy terrain and has been extensively stripped in order to conduct ground work. An area along the contact between a porphyry intrusion and Tisdale age mafic/ultramafic rocks has been exposed for 100 meters, and several mineralized quartz veins have been discovered at the intrusive contact.

On the eastern part of the stripped area, the contact zone displays evidence of considerable reworking of the vein system, and hosts pyrite, galena, sphalerite and tourmaline mineralization. A pyritic carbonate shear zone approximately 20 meters wide, occurs within the mafic/ultramafic rocks adjacent to the contact and is coincident with an I.P. chargeability anomaly that has a minimum strike length of 200 meters. Channel sampling is presently underway in order to quantify drill targets.

The geological characteristics of the recently stripped area are consistent with typical gold-bearing horizons found in the Porcupine Gold Camp Mining Division. A defined diamond drilling program will immediately follow positive sampling results. The Company is currently awaiting drill results from its 5-hole drill program that concluded prior to Labour Day. -- www.cnxmarketlink.com