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Vangold Resources Ltd.
Summary
| Project: | El Pinguico | |
|---|---|---|
| Deposit: | El Pinguico | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2017: Vangold Resources Ltd. announces a Supporting Acquisition report for its El Pinguico deposit at the El Pinguico project. Summary of property in support of acquisition. VANGOLD RESOURCES LTD. (Vangold) has signed an asset acquisition agreement w | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Charlos Cham Dominguez (Findore S.A. DE C.V.) | |
| ABSTRACT: | VANGOLD RESOURCES LTD. (Vangold) has signed an asset acquisition agreement with Exploraciónes Mineras Del Bajío S.A. de C.V., (EMDB) a private Mexican company, to acquire 100% interest in the El Pinguico property. The property consists of two contiguous mining concessions covering 71 hectares, located approximately 5 km southeast of Guanajuato city, in the state of Guanajuato, in central Mexico. These concessions encompass the historic silver and gold El Pinguico-Carmen Mine. This Technical Report is being submitted to support the information released in a press release on January 5, 2017 entitled “Vangold Signs Agreement for 100% Interest In Historic El Pinguico Mine”. The gold silver veins in the historical El Pinguico Mine have the same strike as the Veta Madre (a locally prolific gold and silver vein in the region) and located approximately 4.5 km from the producing El Cubo Mine, a subsidiary of Endeavour Silver (TSX : EDR) and 2.5 km from Las Torres Mine of Fresnillo plc. The property has excellent road access, communications, basic mining infrastructure and proximity to beneficiation plants. This report describes the results of the 2017 stockpile trench sampling, reports details of the historical estimates and gives recommendations for further exploration work for the project. | |
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