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Vendetta Announces High Grade Intersections in Zones 2 and 3 at the Pegmont Lead-Zinc Project
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Vendetta Mining Corp. (TSX...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta Announces High Grade Intersections in Zones 2 and 3 at the Pegmont Lead-Zinc ProjectVancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Vendetta Mining Corp. (TSXV: VTT) (the \"Company\") 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. Zones 2, 3 and Z Fold Sulphide Highlights:PVRD124:  7.32 metres of 11.12% Pb+Zn (8.00% Pb, 3.12% Zn); PVRD137:  4.48 metres of 12.28% Pb+Zn (8.34% Pb, 3.94% Zn);PVRD154:  15.92 metres of 12.12% Pb+Zn (9.07% Pb, 3.04% Zn); andPVRD156:  36.61 metres of 12.99% Pb+Zn (9.48% Pb, 3.51% Zn);Zone 2 Transition Highlights:PVRD161:  5.83 metres of 10.44% Pb+Zn (6.21% Pb, 4.23% Zn)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 Sulphide DrillingZone 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.Z Fold Sulphide DrillingThree holes; PVRD096, 124 and 156 intersected the mineralised beds multiple times in a relatively large drag fold referred to as the \"Z Fold\", located between Zones 2 and 3. Holes PVRD096 and 124 are on adjacent sections, PVRD156 is ...