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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Bridge Zone, Burke Hinge Zone | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 9/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2017: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Bridge Zone, Burke Hinge Zone deposit at the Pegmont project. Drilling results incl. 6.15m @ 12.88% Pb, 2.53% Zn, 16g/t Ag from 236.0m. Vancouver, BC – September 19 t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – September 19 th, 2017 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce the discovery of a new high grade lead/zinc zone in an area that had no previous drilling. The discovery hole PVRD092, intersected 6.2 metres of 12.99% Lead + Zinc in the area between the Burke Hinge Zone (BHZ) and Zone 2. The Company now refers to this area as the Bridge Zone. PVRD092 was immediately followed up with an additional seven drill holes on two section lines, see Table 1 for assay results and the plans in Figures 1 and 2, and cross section in Figure 3, for drill hole locations. Michael Williams, Vendetta’s President and CEO commented “This result is further validation of the technical team’s understanding of the Pegmont geology. We are looking forward to quickly developing a maiden resource and we have expanded the drill program to further delineate the Bridge Zone.” Drill success of the Bridge Zone confirms the concept whereby the structurally district settings of the moderately north-east dipping BHZ is connected to the generally flat dipping Zone 2. The success of PVRD092 was immediately followed up with a fan of three drill holes located approximately 85 m along strike to the south-east; PVRD106, 107 and 108. Both lead and zinc grades are improve in the down dip direction and a fourth drill hole is now planned 40 m down dip of PVRD108. The Company drilled a further four drill holes on the PVRD092 section from a different drill pad: PVRD112, 114, 115 and 117. All four drill holes intersected consistent grades and thicknesses, with a slight increase in grade in the down dip direction. Drill hole PVRD114 didn’t lift as planned and intersected within 7 m of PVRD092, results indicate close spaced continuity of both grade and thickness. | |
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