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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Zone 1 | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 1/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Zone 1 deposit at the Pegmont project. Drilling results incl. 8.54m @ 9.52% Pb, 3.04% Zn from 36.6m. Vancouver, BC – January 31st, 2017 Vendetta Mining Corp. (the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – January 31st, 2017 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce results from Zone 1 drilling from the completed 2017 program at the Pegmont LeadZinc Project in Queensland, Australia. A full summary of the assay results including estimated true widths are provided in Table 1, with the location of the holes shown on the map in Figure 1. Zone 1 Sulphide results are shown in cross section in Figure 2. Michael Williams, Vendetta’s President and CEO commented “This is the first drilling we have conducted in Zone 1, the key objectives were to define the fold structure, obtain metallurgical samples, and confirm our theory that there are higher grades in the fold structure than are currently modelled due to a lack of data density. We are pleased with the results and are confident that these drill intersections less than 100 m from surface, will add significant value to the potential Open Pit.” The main Zone 1 fold is a recumbent fold, a flat lying position that offers an advantage of having up to 3 repetitions of the mineralised horizon. A total of five close spaced holes were drilled from one pad to define the recumbent fold in Zone 1. This is the first oriented core from Zone 1 and the structural data has confirmed the 2016 interpretations however the mineralization is more extensive than expected. The section was completed between existing sections, which were spaced too far apart for the resource estimation to populate all of the resource model in-between. | |
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