Reports Exploration Results: Assays up to 34 G/T AuEq from Samples at El Pinguico MINE Vangold Builds Executive Team with Appointment of New CFO
VANGOLD MINING CORP.
REPORTS EXPLORATION RESULTS:
ASSAYS UP TO 34 G/T AuEq FROM SAMPLES AT EL PINGUICO MINE
VANGOLD BUILDS EXECUTIVE TEAM WITH APPOINTMENT OF NEW CFO
June 15, 2017 for Immediate Release - Vangold Mining Corp. (TSX.V: VAN ) (OTC:VGLDF)
(the "Company") is pleased to provide results from its current exploration program on the El
Pinguico Mine property, located 15 km from Guanajuato, Mexico. For the past four-months the
Company has engaged FindOre SA de CV a Geological Exploration Services company to
conduct extensive surface and underground mapping, surveying, rock sampling and trenching.
The results of the geological exploration program have provided extensive information about the
structure and geological or igins of the epithermal vein systems across the property. The results
of the 4-month sampling and mapping program will be used to identify grid spacing and drill
locations increasing the highest probability of achieving an Inferred Resource.
Exploration Highlights:
Collected a total of 452 rock samples taken from surface grab samples and outcrops,
historical workings and adits.
Consistent assays over 10 g/t AuEg at surface and underground proving extensive multi-
vein mineralization.
Underground samples total 310, from exposed veins, hanging and foot walls locations.
Confirmation of extending mineralization over 1.5 kms from underground stockpile
location to southern claim limit.
Completion of d etailed mapping illustrates multiple parallel and perpendicular vein
systems across the property as illustrated in the El Pinguico map below.
Significantly de-risked drill site locations.
By analyzing all the historic mining records, maps, production techniques and now using
modern day geological controls, the Company can now engage in planning and advancing the
potential of the in-situ mineralization and liberating the underground stockpile.
“We are excited by the results of the first systematic expl oration program carried out at El
Pinguico and the surrounding properties . Historical production of gold and silver at the mine
came from the El Pinguico/El Carmen vein, what this program confirms , the El Pinguico/El
Carmen vein extends to the Southern claim limit, connecting with the La Joya , La Joyita and El
Pirul vein systems. This discovery extends mineralization over 1.5 kms from the mid-point of the
property. The logical next step s are to plan a drilling program , delineate the veins below the
stock pile and define the width and depth of these new targets", stated Cameron King, President
and CEO of Vangold Mining.
El Pinguico Vein Structure Map
Refer the following hyperlink: Vangold Mining Detailed Mapping
Pinguico Sampling Demonstrates 2000m of mineralization up to 36.94 g/t Au.Eq.
Vangold has completed a total of 4 52 rock samples both at surface and und erground along the
“El Pinguico/El Carmen” system of veins which demonstrates anomalous gold and silver
mineralization over a total strike le ngth over 2,0 00 metres from the northern underground
stockpile to the south-southeastern La Joyita vein.
In addition to the samples taken in January 2017 for the NI 43-101 report (samples F -001 to F-
066), 383 new a ssay results have been collected from the El Pinguico concessions taken from
both surface vein exposures and from veins exposed in underground workings and are
highlighted in the following chart listing location and grade.
Assay Highlights and Locations
LEGEND
El Carmen/El Pinguico ( >10g/t Au.eq)
El Pirul Vein (>10g/t Au.eq)
La Joya Vein (>10g/t Au.eq)
La Joyita Vein Area(>10g/t Au.eq)
Sample No. Gold ppm Silver ppm AuEq_ppm Sample Location UG/Surface
F-072 3.45 450 9.93 Caida del Agua underground
F-085 1.23 177 3.78 Surface dump surface
F-091 1.72 183 4.36 Surface dump surface
F-092 1.53 164 3.89 Surface dump surface
F-109 3.8 331 8.57 El Carmen Mine underground
F-114 1.31 134 3.24 El Carmen Mine underground
F-135 2.36 169 4.79 El Carmen Mine underground
F-136 2.19 135 4.13 El Carmen Mine underground
F-151 2.9 89.7 4.19 El Carmen Mine underground
F-159 4.09 354 9.19 El Carmen Mine underground
F-162 12.65 1490 34.11 El Carmen Mine underground
F-171 2.7 175 5.22 El Carmen Mine underground
F-180 0.997 147 3.11 El Carmen Mine underground
F-197 5.49 403 11.29 El Carmen Mine underground
F-199 1.525 153 3.73 El Carmen Mine underground
F-204 1.38 140 3.4 El Carmen Mine underground
F-209 1.955 159 4.24 El Carmen Mine underground
F-215 4.59 350 9.63 El Carmen Mine underground
F-220 1.865 141 3.9 El Carmen Mine underground
F-225 1.79 158 4.07 El Carmen Mine underground
F-226 1.615 100 3.06 El Carmen Mine underground
F-232 4.22 143 6.28 Stope underground
F-237 2.27 119 3.98 El Pino underground
F-244 1.64 108 3.2 La Joya underground
F-246 4.47 216 7.58 La Joya underground
F-262 3.04 141 5.07 La Joya underground
F-264 1.7 132 3.6 La Joya underground
F-267 1.94 94 3.29 La Joya underground
F-272 9.19 63.1 10.1
El Pirul underground
Q96453 6.47 135 8.41
La Joya - Adit Surface
Q96456 5.95 332 10.73
La Joya Underground
Q96464 9.15 279 13.17
La Joyita vein Surface
Q96466 9.37 141 11.4
La Joyita vein Surface
Q96467 13.95 278 17.95
La Joyita vein Surface
Q96522 2.08 99 3.51 El Pino Underground
Q96527 2.69 103 4.17 El Pino Underground
Q96528 4.07 130 5.94 El Pino Underground
Q96531 2.13 111 3.73 El Pino Underground
Q96532 2.37 78 3.49 El Pino Underground
Q96534 2.83 147 4.95 El Pino Underground
Q96566 2.99 96 4.37
El Pino Underground
Q96569 3.83 123 5.6
El Pino Underground
Q96596 4.65 289 8.81
La Joya Adit Surface
NB: Au.Eq = Au + [Ag x (1250/18)]
Refer the following hyperlink: Vangold Mining Detailed Assay Listing
El Carmen/El Pinguico Vein: Assay highlights realized - 36.94, 20.23, 14.52, 11.82 and 11.54
g/t Au.E q from the Underground Stockpile. The stockpile channel sample results were
announced in the NI43 -101 report earlier t his year and shows anomalous samples along 346m
strike length of stockpiled ore from shrinkage mining method . The gold/silver veins of El
Carmen/ElPinguico are comprised of quartz veined breccia and have the same strike as the
Veta Madre gold and silver vein in the region. Mineralization consist of a mixture of native gold
and silver, polybasite, pyargyrite, tetradedrite, marcasite, spha lerite, galena, pyrite and
chalcopyrite. Outcrops in the area consist of the Tertiary formations called Calderones and
Bufa. The oldest unit Bufa Formation consistes of rhyolites, tuffs and rhyolitic breccias. The Bufa
Formation consists of massive andesit e, tuffs and andesitic breccia of green color. The El
Carmen-Pinguico vein was emplaced in a fault/fissure with average width of 7.0 metres.
San J ose Vein System : realized assays of 34.11 and 11.29 g/t Au.E q - from underground
samples within quartz veined breccia, at the El Carmen mine, a further 480m SSE along strike
from the El Carmen -Pinguico vein structure. The San J ose Vein System samples show
anomalous gold and silver mineralization along two sub-parallel vein systems over a combined
length of 638 met res striking SE and dipping to the northeast. The vein system ends at the
Caida del Agua adit entrance. Anomalous samples were collected from white quartz veinlets
with crustiform texture, quartz breccia, banded quartz veins and rhyolitic breccia in the footwall.
La Joya Vein System: assays samples of 10.73 g/t Au.Eq from the underground LaJoya vein a
further 570m SE along strike from the San J ose Vein System. Sampling demonstrates gold and
silver mineralization over at least a 290m along two parallel southeasterly trending veins dipping
to the NE. Anomalous gold and silver rock samples were collected from quartz veined breccia
with disseminated sulphides and vein widths of 0.8 to 1.7m.
El Pirul Vein: A further 137 metres along a southeasterly strike from the La Joya Vein System,
the EL Pirul vein/adit was sampled with 33 assays over a strike length of 82m. The vein
changes dip direction to the southwest compared with the El Carmen -Pinguico vein system,
further north, which dip to the northeast . Sam ple F -272 returned 10.1 g/t Au.E q from an
underground fault related quartz fragmented vein. Other anomalous samples were taken from
sporadic quartz fragments in veins ranging in width from 0.3 to 1.1m.
La Joyita Vein: Assays were consistent in range of 17.95, 13.17, 11.4 g/t Au.Eq from a surface
quartz vein. The La Joyita vein, in the southern extent of the Pinguico concessions , form part of
a complex network of vuggy and collofom banded quartz veins and carbonate lattice blades
forming over different age periods. The La Joyita area is host to numerous historical adits and
stopes which are required to be re-opened and tested at depth by drilling.
Anomalous samples were collected at surface form quartz vein fragments and vein breccia to
1.5m width of quartz amethyst with vuggy texture. Underground samples were collected from
strongly oxidized quartz breccia at the El Chichote stope where the vein is dipping 45 degrees
to the southwest.
Mr. Hernan Dorado , Director and QP states “ the potential intersection of the historic Veta
Madre (Mother vein) with La Joya and La Joyita veins at depth will be studied and assessed in
the next exploration program. The Mother Vein has been the local ore resource for the las 500
years in the area and produced over a billion ounces of silver since the Spanish established the
mining district. Companies such as Fresnillo PLC (LON:FRES), Endeavour Silver (TSX:EDR)
and Great Panther (TSX:GPR) have mined this vein in the last decade.”
Surface Stockpile D ump: Located at the El Pinguico shaft, a total of 20 sa mples were taken
ranging from low of 0.14 g/t Au. Eq to 4.36 g/t Au.Eq. The surface stockpile is an estimated
211,000 metric tonnes of mineralized rock with a Specific Gravity (SG) of 2.6 at 1.7 g/t Au.Eq.
The exploration program will continue, covering the adjacent land and Patito I and Patito II
properties. Results will be published once completed within the next few weeks.
APPOINTMENT: CHIEF FINANCIAL OFFER
The Company is pleased to announce that Mr. Kurt Bordian has accepted the position of Chief
Financial Officer effective immediately and replaces Mr. Sandy Huntingford.
Cameron King , President & CEO, stated, "I would like to thank Sandy for his sub stantial
contribution to Vangold over the years and for making this transition as smooth as possible. We
all wish him great happiness in his retirement," in addition, "I look forward to working with Kurt in
his new capacity as CFO. His experience and knowledge of the mining industry makes him the
perfect fit to step into this role as Vangold is accelerating its growth plans."
Mr. Bordian is a designated Chartered Professional Accountant in Canada, and holds a
Bachelor of Commerce (Honours) Degree from the University of Manitoba. He has worked
primarily in the mineral and exploration and oil and gas industries over the past 20 years, and
has held a variety of positions with many entities: Chief Financial Officer, Controller, or Director.
He has managed all aspects of the accounting and finance operations, and compliance. He was
the chief financial officer of Alpha Minerals Inc. when it was acquired by Fission Energy Corp. in
December 2013 for $189 million.
ABOUT VANGOLD
Vangold is a development -stage sil ver and gold company focused on developing its mining
assets in Guanajuato, Mexico. Vangold is aggressively pursuing its business plan of becoming a
producer by bringing the historic El Pinguico Mine back into production. Advancing the
development of our surrounding mineral property assets and the pursuit of growth through
acquisition. Vangold is focused on achieving its strong corporate growth and realizing value for
our shareholders.
The disclosure of historical information in this news release has been reviewed and approved by
Mr. Hernan Dorado, a Director of the Company. Mr. Dorado is a member of the Mining and
Metallurgical Society of America (MMSA) and is a Qualified Person (QP) as defined in National
Instrument 43-101, and has reviewed and approved the contents of this news release.
The Company and its contractors strictly adhere to 43 -101 quality controls to ensure best practice in sampling and
analysis. Bulk samples are transported in security sealed bags and shipped to ALS Chemex Guadalajara facilities for
pulping and shipped to ALS North Vancouver for fire assay with AA finish and by gravimetric methods. ALS Chemex
is an ISO 9001-2000 and ISO 17025 registered laboratory.
ON BEHALF OF VANGOLD MINING CORP
Cameron S. King
President & CEO
Email: [email protected]
T: +1 778 945 2940
Address: 1111 West Georgia Street, Suite 1400
Vancouver, BC V6E 4M3
For further information contact:
Corporate Finance
T: 1-778-945-2941
Further information is available on the Company's web site at: www.vangoldmining.com.
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is
typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by
their nature, refer to fu ture events. Such statements include, without limitation, statements regarding the future results of operations,
performance and achievements of the Company, the date upon which the Company’s common shares commen ce trading under the symbol
“VAN” on the TSX Venture Exchange and advancement of the Properties. Although the Company believes that such statements are
reasonable, it can give no assurances that such expectations will prove to be correct. All such forward -looking information is based on
certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditio ns
and expected future developments, as well as other factors management believes are appropriate in the circumstances. This inf ormation,
however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to di ffer materially from
those projected in the forward -looking information. Important factors that could cause actual results t o differ from this forward -looking
information include those described under the heading "Risks and Uncertainties" in the Company’s most recently filed MD&A. Th e Company
does not intend, and expressly disclaims any obligation to, update or revise the forwa rd-looking information contained in this news release,
except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
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