Mar. 4, 2011 (Filing Services Canada) -- Vendome Resources Corp. (VDR - TSX Venture), ("Vendome" or the "Corporation") and Richmond Minerals Inc. ("Richmond") are pleased to announce that exploration work will begin at the Highway 101 Property (the "Property") in Guibord Township, Larder Lake Mining Division, Ontario. Richmond presently owns a 100% in the Property. Vendome has an agreement with Richmond whereby it can earn a 51% interest in the Property by incurring $250,000 in exploration expenditures before April of 2012 and issuing to Richmond 600,000 common shares of Vendome stock, of which 400,000 common shares has already been issued. The exploration work will consist of an initial 1,200-meter program diamond drill program.
The Property is located in the Abitibi Greenstone belt, which hosts the Porcupine and Kirkland Lake mining camps. The Property lies approximately 80 kilometres east of the City of Timmins Ontario. It is approximately 1,280 acres (518 hectares) in size and consists of 32 unpatented mining claim units in the northwest quarter of Guibord Township. Barrick Gold Corporation's Fenn-Gibb gold deposit adjoins the Property immediately to the east. In 2000, it was reported that the probable reserves of the main zone at Fenn-Gibb within 250 metres of surface were 1.95 million tonnes grading 5.13 grams per tonne. Since 1996, over 5,500 meters of diamond drilling has been completed at the Property, the hi-lights of which include gold intersections of 7.2 grams per tonne over 6.52 meters and 5.95 grams per tonne over 1.7 meters.
Historical exploration work within Guibord Township has determined that potentially significant economic gold occurrences are sometimes associated with north-northeast and northwest striking brittle and ductile faults in the district. These faults are known to occur on the Property and will be the primary targets for the upcoming exploration work. Specifically, a previously untested westward striking shear zone extending from the Fenn-Gibb deposit onto the Property will be the primary diamond drilling target. The budget for this phase of exploration work is $150,000.
About Vendome
The Corporation currently has approximately $400,000, no liabilities and 21,075,833 common shares issued and outstanding as well as interest in the following three (3) properties.
> The Guibord Property is located approximately 80 kilometres east of the City of Timmins, 16 kilometres east of the Town of Matheson and 45 kilometres northwest of the Town of Kirkland Lakw within the Abitibi Greenstone belt and is approximately 1,280 acres (518 hectares) in size and consists of 32 unpatented mining claims within the confines of four claim blocks located in the northwest quarter of the Guibord Township, Ontario.
> The Ivanhoe Property is host to a 9 to 10 channel Geotem EM conductor associated with a strong magnetic high. The anomaly is circular in morphology with an approximate diameter of 250 to 300 meters. The Ivanhoe Lake Cataclastic Zone, a major structural feature in the area borders the western margin of the anomaly. A secondary fault strikes northeast through the approximate anomaly center. According to Ontario Geological Survey ("OGS"), a division of the Ontario Ministry of Northern Mines and Forestry, regional mapping, the anomaly coincides with a leucogabbro intrusive unit that hosts pyrite, pyrrohtite and chalcopyrite mineralization.
> La Diana property which covers 14,722 hectares and is located in the Eastern portion of the State of Guerrero, Southern Mexico, within the heart of the famous precious metals belt of Mexico known as the Sierra Madre del Sur.
Warren Hawkins, P.Eng in his capacity as "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Corporation. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements of the Corporation expressed or implied by such forward-looking statements. These risks include as well as others are disclosed within the Corporation's filing on SEDAR, which investors are encourage to review prior to any transaction involving the securities of the Corporation. Forward-looking information contained herein is provided as of the date of this news release and the Corporation disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information
For more information, please contact:
Franz Kozich www.vendomeresourcescorp.com
Vendome Resources Corp. info@vendomeresourcescorp.com
T: (416) 708 6871
T: (647) 932 1604
VENDOME RESOURCES CORP.
133 Richmond Street West .
Suite 403
Toronto, Ontario
M2H 2L3
Source: Vendome Resources Corp. (VDR-TSX-V)
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