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Vendetta to Acquire Key Killer Bore High Grade Zinc Exploration Tenement
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2021) - Vendetta Mining Corp. (TSXV: ...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta to Acquire Key Killer Bore High Grade Zinc Exploration TenementVancouver, British Columbia--(Newsfile Corp. - August 9, 2021) - Vendetta Mining Corp. (TSXV: VTT) (\"Vendetta\" or the \"Company\") is pleased to announce that it has entered into an option agreement to acquire 100% of the Killer Bore exploration concession 5 km from the Companies 100% owned Pegmont Lead-Zinc project in Queensland, Australia.Killer Bore exploration permit (EPM 2705) includes two non-contiguous blocks for a total of 1,550 ha. The location of the Killer Bore tenement and Pegmont and mineralisation is show in Figure 1. The Company intends to follow up on significant historic diamond core intersections including (widths are reported as drill intersection thickness):AND041: 3 m @ 15.44% Zn and 0.25% CuANP418: 4 m @ 8.26% Zn and 0.51% CuDDH01KB001: 4 m @ 10% Zn and 0.2% PbFigure 1. Location of Killer Bore Exploration Permits and the Pegmont ProjectTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2983/92473_1504037f84493b5c_001full.jpgMichael Williams President and CEO commented, \"Our interest in the Killer Bore tenement is driven by the proven exploration model we have used at Pegmont. It is our contention that the mineralisation intersected in the historic drilling at Killer Bore represents the distal part of the Pegmont mineralising system, which is zinc dominant, with copper, little to no lead and within pyrrhotite iron formations. If this is shown to be correct it highlights the scale of the Pegmont system and could provide high grade mineralisation that could be incorporated into the development plan for Pegmont. The tenement is located adjacent to public roads and is easily accessible, allowing the Company to continue with its highly efficient and cost-effective drilling programs. We would like to thank Sandfire Resources, a leading Australian Copper producer, for working with us on this acquisition.\"Killer Bore Historic Exploration Summary Unlike Pegmont where mineralisation is outcropping, Killer Bore has approximately 10 to 20 m of cover, for this reason historic exploration has been driven by geophysics, surveys completed included: airborne magnetics and GEOTEM. Ground TEM, ground magnetics and gravity. These surveys were followed up by previous operators using wide spaced basement geochemica...