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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Zone 2,3, 5 | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 9/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2016: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Zone 2,3, 5 deposit at the Pegmont project. Drilling results incl. 11.00m @ 7.84% Pb, 3.18% Zn, 10.8g/t Ag from 156.66m at Zone 3. Vancouver, BC – September 21st , 20 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – September 21st , 2016 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce drill results from an additional ten drill holes from the ongoing 2016 drilling program at the Pegmont Lead-Zinc Project in Queensland, Australia. Pegmont is situated in the Mount Isa – McArthur Mineral Province, which hosts one of the world’s richest endowments of lead-zinc-silver mineralization, including several world-class lead-zinc-silver mines. Pegmont is located 25 km west of South 32’s Cannington silver-lead-zinc operation, one of the world’s largest producers of lead and silver and 28 km north of Chinova Resources’ Osborne copper-gold operations. Pegmont is proximal to existing infrastructure including public roads, mine haul roads, rail, and a natural gas pipeline for power generation. Step out drilling in Zone 5 has been designed on 50 m section spacing with a nominal 40 m hole spacing. The drilling is being conducted to define a maiden mineral resource estimate for Zone 5 and to obtain metallurgical samples. These results will be incorporated in a planned update of the mineral resource estimate in Q4 2016. In addition, the Company has successfully drilled its first holes in the Zone 2 open pit target (PVRD047) and in the adjacent Zone 3 underground target (PVRD046), with the goal of expanding the existing mineral resource in those areas. | |
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