The mineral has a metallic luster, and has a green or bronze-yellow tint.

Vulcanite is named for the place where it was discovered in 1961, the Mammoth Good Hope Mine in Vulcan (ghost town and district), Gunnison County, Colorado.

[4] Small deposits have also been discovered in Japan, Russia, Saudi Arabia, and Norway.

It occurs with native tellurium, rickardite, petzite, and sylvanite.

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