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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Pegmont | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 11/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2018: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Pegmont deposit at the Pegmont project. Drilling results incl. 13m @ 6.74% Pb, 2.74% Zn, 11g/t Ag from 137.43m. Vancouver, BC – November 8, 2018 − Vendetta Mining Cor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – November 8, 2018 − Vendetta Mining Corp. (VTT-TSX: V) (“Vendetta” or the “Company”) is pleased to announce the last batch of drill results from the 2018 Resource Development program on the Pegmont Lead-Zinc project in Queensland. Significant results from the last batches of samples from Vendetta’s 2018 drilling program are summarised in Table 1, locations of the holes are shown on the map in Figure 1. Michael Williams, Vendetta’s President and CEO commented “The discovery of the new fold structure in the shadow of the planned open pit highlights the upside potential that remains at Pegmont. The corporate strategy to date has been to focus efforts on the development of mineral resources to support a 10-year mining inventory, we anticipate the PEA will demonstrate the economic potential of that. We will now start to broaden our approach to Pegmont, looking to identify and testing brown field exploration targets, the recently completed mapping exercise is the first step towards that.” Zone 3 – New Fold Structure Drilling Several holes were drilled to better scope the geometry of a structure discovered in late 2017 following an intersection in geotechnical hole PVRD154. It is interpreted that PVD154 drilled through the upper fold of a recumbent fold intersecting 15.92 m at 12.12 % Pb+Zn (9.07% Pb, 3.04% Zn). Holes PVRD168 and PVD193 were drilled approximately 60 m along strike to the north east of PVRD154. PVRD168 deviated excessively in the RC pre-collar, the hole was abandoned. The target was later re-drilled with PVD193, cored from surface to aid targeting, intersecting the upper fold at a low angle and the steep limb. Holes PVRD169 and PVD170 were drilled 160 and 100 m respectively along strike the south west of PVRD154. PVRD169 deviated excessively in the RC pre-collar and the hole was abandoned. Due to the | |
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