Vangold Mining Acquires San Carlos Mining Property; Adds Mining Claims IN Guanajuato, Mx Receives Extension to Private Placement Financing
VANGOLD MINING ACQUIRES SAN CARLOS MINING PROPERTY;
ADDS MINING CLAIMS IN GUANAJUATO, MX
RECEIVES EXTENSION TO PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, December 19, 2017
Vangold Mining Corp. (“Vangold” or the “Company”) (TSX‐V: VAN)(OTC‐VGLDF) is pleased to announce,
that its wholly owned subsidiary, Obras Mineras El Pinguico SA de CV (OMP) and Exploraciones Mineras
Del Bajio SA de CV (“EMDB”) have entered into an Acquisition Agreement for a 100% interest in the
rights derived from a mining concession covering the lot referred to as San Carlos; title 166666; file
031/04372 (the “San Carlos Property”).
Vangold has agreed to acquire the silver and gold development property for an aggregate purchase
price of CDN$425,000 (the "San Carlos Acquisition") of which CDN$350,000 of the purchase price will be
satisfied through the issuance of 5,000,000 common shares of Vangold to EMDB and the remaining
CDN$75,000 will be paid in cash. The common shares issued to EMDB will be subject to a four‐month
hold period. The San Carlos Acquisition remains subject to regulatory approval.
The San Carlos Property is close to Vangold’s El Pinguico and Patito I & II mineral claims, which are 10
km from the City of Guanajuato. These claims total 800 Ha and are strategically located on the top of the
Veta Madre Vein system, a highly mineralized region charged by massive epithermal and stockwork
deposits; a mixture of native gold and silver, polybasite, pyargyrite, tetrahedrite, marcasite, sphalerite,
galena, pyrite and chalcopyrite. The San Carlos Property consists of two main mineralized veins systems
that run parallel and dip inwards for a potential intersection at depth similar to El Pinguico and the Veta
Madre 1,000 m East. The La Escondida and San Carlos veins are believed to have the same geological
formation as the El Pinguico vein, which are off‐shoots of the Veta Madre charge system.
Vangold Mining CEO, Cameron King stated, "The acquisition of the San Carlos Property is an excellent fit
for our portfolio. This increases our foot print in a highly mineralized, high grade silver and gold district
with several nearby producing mines. Based on months of geological work, there is confidence among
the team, that the San Carlos might be a potential extension from the Veta Madre, similar to Vangold’s
historic El Pinguico mine property with grades over 30g AuEq from recent assays.
Main structures of San Carlos claim
Structure Strike and Dip Known Length (m) Description
La Escondida vein 160°/60°SW 2810 Gouge zone, argilic alteration, breccia.
San Carlos vein 340°/80°NE 1530 Quartz and calcite vein, oxidized, silicified,
drusiform texture, rhyolite fragments.
Gavilanes fault 350°/75°NE 1170 Breccia, gouge, strong argilization, quartz‐
calcite veinlets.
Private Placement Extension of Time
The Company also announces that it has received regulatory acceptance to an extension of time to
complete a non‐brokered private placement, the first tranche of which was completed on November 9,
2017. The Company expects to close the second tranche of the financing on or before January 14, 2018.
About Vangold Mining Corp.
Vangold is a development‐stage silver and gold company with nine mining concessions in the
Guanujuato, Mx mining district. Vangold is aggressively pursuing its production plans by bringing the
historic El Pinguico mine back online. Having an acquisition focus, targeting advanced mineral
properties and the pursuit of near production opportunities will continue to fuel our growth.
Qualified Person
Mr. Hernan Dorado, a director of Vangold Mining Corp. is a member of the Mining and Metallurgical
Society of America and is a qualified person as defined in National Instrument 43‐101, and has reviewed
and approved the technical contents of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Cameron S. King”
President, CEO and Director
For further information contact:
T: 1‐778‐945‐2940
Further information is available on Vangold Mining’s web site at: www.vangoldmining.com.
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical information, forward‐looking statements. These forward‐
looking statements are identified by their use of terms and phases such as “believe,” “expect,” “plan,” “anticipate”
and similar expressions identifying forward‐looking statements. Investors should not rely on forward‐looking
statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual
results to differ materially from Vangold's expectations, and expressly does not undertake any duty to update
forward‐looking statements. These factors include, but are not limited to the following, limited operating history,
proposed exploration and/or drill programs and other factors which may cause the actual results, performance or
achievements of Vangold to be materially different from any future results, performance or achievements
expressed or implied by such forward‐looking statements.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.