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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Pegmont | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 10/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-10-2016: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Pegmont deposit at the Pegmont project. Drilling results incl. 3.0m @ 3.21% Cu, 0.57g/t Au from 113m. Vancouver, BC – October 19 th , 2016 Vendetta Mining Corp. (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – October 19 th , 2016 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to report assay results from exploration hole PVR040; an update on activities at the Pegmont Lead-Zinc Project; and the appointment of Ocean Partners Holdings Ltd. (“Ocean Partners”) as concentrate marketing advisor. Exploration drill hole PVRD040 intersected 3.0 m of 3.21% Cu and 0.57g/t Au from 113 m down hole. Coarse chalcopyrite mineralization was intersected in a silica altered pegmatite. The high grade intersection was centered within a broader silica-pyrite alteration zone of elevated copper-gold mineralization. The hangingwall alteration was intersected over 5 m, grading 0.09% Cu, 0.02 g/t Au, and the footwall alteration zone was intersected over 5 m, grading of 0.24% Cu, 0.10 g/t Au. Additional drilling is required to estimate the true thickness. PVR040 is located on the southern exploration permit (EPM14491) of the Pegmont Project, approximately 1.6 km south west of the Zone 5 lead-zinc mineralization at Pegmont. The hole was drilled to test a low level, linear magnetic feature that has a strike length of approximately 500 m. The geological model the Company will employ when further evaluating the discovery is the Kulthor copper-gold deposit, an iron sulphide-copper-gold deposit hosted in altered pegmatites and shears, which is a possible analog. | |
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