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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Zone 2, Zone 3 | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 8/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2017: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Zone 2, Zone 3 deposit at the Pegmont project. Drilling results incl. 9.06m @ 7.45% Pb, 3.61% Zn, 8g/t Ag from 114.56m. Vancouver, BC – August 24 th, 2017 Vendetta | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – August 24 th, 2017 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce further drill results from the 2017 program at the Pegmont Lead-Zinc Project in Queensland, Australia. This initial part of the program has been executed in Zone 3 and is now being extended to Zone 2. The goal is to expand and upgrade the Mineral Resource near the base of the open pit shell used to constrain the June 2017 Mineral Resource and to locate additional mineralization within the pit shell (see news release, VTT2017-NR #6) but outside of the resource estimation search parameters. A full summary of the sulphide lead-zinc results including estimated true widths are provided in Table 1 and the location of the holes is shown on the map in Figure 1. Michael Williams, Vendetta’s President and CEO commented “These results coupled with the previously announced Zone 3 assays give us reason to be encouraged by the consistently higher grades being intersected in the current program. We will continue to focus on the areas within the pit the shell that have the greatest potential to increase both tonnes and grade while also targeting potential expansion of the resource in areas that may later fall inside an optimized pit shell. We are continuing to develop the underground target in Zone 5 and are commencing testing conceptual exploration targets near the Burke Hinge Zone.” | |
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