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Vendetta Updates Pegmont Lead-Zinc Mineral Resource, Includes 9.6 Million Tonnes Inferred and 2.2 Million Tonnes Indicated
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2017) - Vendetta Mining Corp. (TSXV: ...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta Updates Pegmont Lead-Zinc Mineral Resource, Includes 9.6 Million Tonnes Inferred and 2.2 Million Tonnes IndicatedVancouver, British Columbia--(Newsfile Corp. - June 27, 2017) - Vendetta Mining Corp. (TSXV: VTT) (\"Vendetta\" or the \"Company\") is pleased to provide the results of the Updated Mineral Resource estimate for the Pegmont Lead-Zinc project in Queensland, Australia. The updated Mineral Resource estimate was performed by AMC Mining Consultants (Canada) Limited in their Vancouver office. The estimate includes the addition of more than 12,700 m of resource development drilling conducted between 2014 and 2016 by Vendetta, a comprehensive re-interpretation of the geology and the results of the recent metallurgical test work.The Pegmont Mineral Resource is now reported using open pit optimization to define the boundary between open pit and underground potential mining areas. The results can now be used to systematically refine the resource development drilling at Pegmont.Highlights Include:Total Inferred Mineral Resources of 9.6 million tonnes at 5.0% Pb, 2.9% Zn. Total Indicated Mineral Resources of 2.2 million tonnes at 5.6% Pb, 2.6% Zn. Open pit constrained Inferred Mineral Resource of 6.3 million tonnes at 5.4% Pb, 2.4% Zn and Indicated Mineral Resource of 2.1 million tonnes at 5.5% Pb, 2.6% Zn. Maiden underground Inferred Mineral Resource for Zone 5 of 2.8 million tonnes at 4.1% Pb 3.9% Zn.Vendetta's CEO and President Michael Williams, stated: \"The completion of the Updated Mineral Resource Estimate marks an important milestone for the Company. Our technical team has completed a comprehensive re-interpretation of the geology and grade controls. This improved understanding of mineralization has contributed to the resource increase and will guide our future resource development drilling at Pegmont. The resulting increase in the Mineral Resource, coupled with the open pit shells predominately falling within the Mining Licenses will put Vendetta on the trajectory needed to maximize value during the current lead/zinc cycle.\"The Mineral Resource for the open pit constrained and underground portions and the combined global Mineral Resource is provided in Table 1.Technical Report The Mineral Resource update has been prepared by independent qualified persons (\"QPs\") J.M. Shannon P.Geo, D Nussipakynova, P.Geo, M. An...