Vendetta Mining Corp. Announces a Mineral Resource Estimate on the Pegmont Lead-Zinc Project, Queensland, Australia

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[{"type":"text","content":"Vendetta Mining Corp. Announces a Mineral Resource Estimate on the Pegmont Lead-Zinc Project, Queensland, Australia(via Thenewswire.ca)\n \n \n(VTT2014 - NR #3)\n\n\n \nVancouver, BC / TNW-ACCESSWIRE / September 2nd, 2014 / Vendetta Mining Corp. (VTT-TSX:V) (the \"Company\" or \"Vendetta\") is pleased to announce the results of the Mineral Resource Estimate for the Pegmont Property located in Queensland, Australia. \n\n\n \nPegmont Lead Zinc Deposit\n\n\n \nThe Pegmont lead-zinc-silver deposit is located 25 km east of BHP Billiton's world class Cannington silver-lead-zinc mine and 28 km north of Chinova Resources' Osborne copper-gold mine. It is proximate to existing infrastructure that includes roads, railhead and natural gas for power generation. \n\n\n \nPegmont is a stratiform deposit that outcrops and dips shallowly to the south east and is hosted in a magnetite rich banded iron formation within high grade metamorphic rocks. The project consists of three granted mining leases and 2 exploration permits that cover an area of approximately 3,468 ha. Discovered in 1971, a total of 408 bore holes for 44,745.5 m have been completed on the project to date.\n\n\n \nMineral Resources\n\n\n \nIndependent consultant AMC Mining Consultants (Canada) Ltd., (\"AMC\") completed a Mineral Resource Estimate for the Pegmont lead-zinc deposit in accordance with the requirements of National Instrument 43-101. The Mineral Resource includes Zones 1 to 4 and is tabulated below: \n\n \n\nOxidation State\n\n\n\n\nMineral\n\n\n\nResource Category\n\n\n\n\nTonnes\n\n\n\nkt\n\n\n\n\nGrade\n\n\n\n\nPb %\n\n\n\n\nZn %\n\n\n\n\nAg g/t\n\n\n\n\nSulphide\n\n\n\n\nIndicated\n\n\n\n\n757\n\n\n\n\n6.66\n\n\n\n\n2.69\n\n\n\n\n11.87\n\n\n\n\nInferred\n\n\n\n\n4,417\n\n\n\n\n6.51\n\n\n\n\n2.80\n\n\n\n\n10.56\n\n\n\n\nTransition\n\n\n\n\nIndicated\n\n\n\n\n797\n\n\n\n\n4.50\n\n\n\n\n2.17\n\n\n\n\n6.88\n\n\n\n\nInferred\n\n\n\n\n1,066\n\n\n\n\n5.01\n\n\n\n\n2.23\n\n\n\n\n6.77\n\n\n\n\nOxide\n\n\n\n\nIndicated\n\n\n\n\n512\n\n\n\n\n4.56\n\n\n\n\n1.58\n\n\n\n\n6.37\n\n\n\n\nInferred\n\n\n\n\n614\n\n\n\n\n5.76\n\n\n\n\n1.23\n\n\n\n\n5.18\n\n\n \n \nNotes on the above table: \n\n\n \n1. CIM definitions were used for the Mineral Resources. \n\n\n \n2. The cut-off grade applied to the oxide and transition Mineral Resources is 3% Pb + Zn, the sulphide cut-off grade is 5% ...

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