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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Zone 2, Zone 3 | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2018: Vendetta Mining Corp. announces an Exploration/Drilling Update report for its Zone 2, Zone 3 deposit at the Pegmont project. Drilling results incl. 36.61m @ 9.48% Pb, 3.51% Zn, 15g/t Ag from 164.6m. Vancouver, BC – February 28 th, 2018 Vendet | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – February 28 th, 2018 Vendetta Mining Corp. (the “Company”) (VTT-TSX:V) is pleased to announce the final results from the completed 2017 program at the Pegmont Lead-Zinc Project in Queensland, Australia. These results are from drilling in Zones 2, 3 and the connecting Z Fold. A full summary of the sulphide and transition 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 final results conclude a highly successful 2017 program. In the upcoming mineral resource update we expect to upgrade a significant portion of the mineral resource within the open pit shells and we will include the recently discovered high grade Bridge Zone.” Zone 2 is a flat to moderately dipping area, located between 50 and 100 m from surface, with a known strike length of 2 km. A new fold structure was intersected in hole PVRD137, as with other such folds at Pegmont it was associated with increased grades. Preliminary structural modelling suggest that this fold should develop to the south-west, further drilling is required to develop this opportunity further. The 2017 Zone 2 drilling was designed within the optimised pit shell to expand the mineralisation and/or to challenge the modelled grade where it was believed drilling was too sparse. During 2017 a total of 23 holes were completed in Zone 2, of these 16 holes successfully intersected mineralisation at greater than the modelled resource grade for Zone 2. | |
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