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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Burke Hinge Zone | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 9/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2016: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Burke Hinge Zone deposit at the Pegmont project. Drilling results incl. 4.0m @ 12.28% Pb, 4.55% Zn, 19.9g/t Ag from 42.5m. Vancouver, BC – September 7th, 2016 − Vendet | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – September 7th, 2016 − Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce results from the first ten drill holes completed in its ongoing 2016 drilling program at the Pegmont Lead-Zinc Project in Queensland, Australia. The aim of this initial part of the 2016 program was to further define the shallow mineralization at the Burke Hinge Zone (“BHZ”), obtain metallurgical samples, and incorporate these results into an updated mineral resource estimate for the Pegmont Project in Q4 of 2016, which the BHZ has not previously been included. Michael Williams, Vendetta’s President and CEO, commented “All ten drill holes interested significant lead-zinc mineralization within 100 m of surface, confirming the shallow nature of the sulphide mineralization which continues to support the open pit potential at the BHZ. The Company has also identified an area within Zones 1 and 2 where shallow high grade lead-zinc sulphide mineralization presents another open pit target opportunity. We intend to expand the program to include infill and step out drilling along with metallurgical test work within the open pit target areas.” A summary of the assay results is given in Table 1. The collection of structural data from orientated drill core has brought about an updated interpretation, a cross section through the center of the BHZ is shown below. The Company plans to drill a further four holes at the BHZ on the basis of the updated interpretation. | |
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