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Vendetta Commences Preliminary Economic Assessment and Updates Resource Development Activities
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Vendetta Mining Corp. (TSXV: V...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta Commences Preliminary Economic Assessment and Updates Resource Development ActivitiesVancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Vendetta Mining Corp. (TSXV: VTT) (\"Vendetta\" or the \"Company\") is pleased to provide the following update on resource development activities and the commencement of a Preliminary Economic Assessment (\"PEA\") at the Pegmont Lead-Zinc project in Queensland, Australia.Update on Mineral Resource EstimateAn updated Mineral Resource Estimate is expected within the coming weeks. Vendetta retained AMC Consultants (Canada), see May 10th NR #5, AMC Consultants undertook the two previous Pegmont Mineral Resource Estimates and NI 43-101 Technical Reports. The new resource will incorporate work from the 2017 program: 112 holes for 23,238 m of drilling, an updated geological model and locked cycle metallurgical test results.Preliminary Economic AssessmentThe company wishes to announce that it has engaged key consulting and engineering disciplines to undertake a Preliminary Economic Assessment on Pegmont. The project scope is for a 1 million tonne per annum standalone processing plant, with mill feed sourced from open pit and underground.Study Partners and areas of responsibility include: AMC Consultants (Canada) (\"AMC\"): mineral resource estimate, mine planning, mine capital and mine operating costs and overall report preparation. Use of AMC affords a seamless continuity of project knowledge as AMC completed the 2014, 2017 and are preparing the 2018 mineral resources estimates. AMC will also provide an independent review of the mine geotechnical assessments being performed by Elysium Mining Ltd., and the project financial model to be prepared by David J. Baker Consulting Ltd., non-independent consulting firms.GR Engineering Services Limited (\"GRES\"): mineral processing, process operating and capital costs and infrastructure. GRES are a mid-size engineering, consulting and contracting company servicing mining companies globally. In recent years GRES has completed a number of relevant lead-zinc projects in Australia including: EPC delivery of the Munguna Zinc and Rasp lead-zinc flotation plants and studies at the Abra lead and Woodlawn zinc-lead-copper projects.Klohn Crippen Berger (\"KCB\"): waste rock characterisation, ground, surface and process water, tails management and clo...