Vangold Mining Focusing ON Near-Term Production Plan Commences Surface ORE Grading Accesses Underground ORE FOR Resource Estimate
VANGOLD MINING FOCUSING ON NEAR-TERM PRODUCTION PLAN
COMMENCES SURFACE ORE GRADING
ACCESSES UNDERGROUND ORE FOR RESOURCE ESTIMATE
VANCOUVER, BC, November 14, 2017
Vangold Mining Corp. (“Vangold” or the “Company”) (TSX-V: VAN)(OTC-VGLDF) is pleased to
announce that the Company has started a grading and sampling campaign on the surface
stockpile, estimated by Vangold to be approx. 200,00 0 tonnes of lower grade Ag & Au
mineralized material. The “Scope of Work” has commenced with the digging of trenches within a
defined and predetermined grid pattern of 25m x 25m. The objectives of the sampling program
are (i) to confirm the overall average grade and economics of the surface stockpile, (ii) provide
data for a blending regime to transport a consistent mill feed, for the Company’s near -term toll
treatment milling strategy, and (iii) to define and optimize metallurgical recoveries for this type of
exposed weathered stockpiled material.
The existing underground ( “UG”) stockpile comprises high -grade Ag & Au mineralized material
mined at 15 grams per tonne (“g/t”) AuEq or better, that was abandoned by the previous
operator “Pinguico Mines Company” as a result of the Mexican Revolution and has remained in
the mined stopes since 1913. Under the current operating plan, the focus of the sampling is to
confirm the average grade across the potential 500,000 tonnes of UG stockpile. Sampling will
be undertaken by grab samples at the 8 th level (255 m from surface) of the old Pinguico Mine’s
production drive and by dril ling across the UG stockpile in the mined open stopes. The “Drilling
Scope of Work” includes 10 NQ drill holes (35m spacing average) to depths of 70m to 120m for
a total of 1,000m.
Accessing the lower levels will be by electrical winch and personnel cage installed in the 4 th
level (145 m below surface) on the Pinguico shaft. Scaling and cleaning the shaft and
establishing safety precautions is of paramount importance before personnel can access the old
workings. Once deemed safe to enter, the work progra m will commence with the geologists and
survey teams conducting a broad sampling campaign of the stockpiled material in all accessible
crosscuts. Bulk samples will be retrieved from several locations to fully understand ore and
grade disbursement across t he UG stockpile and conduct metallurgical tests for optimizing
recoveries during milling and flotation. All the information retrieved throughout this campaign
will be used in the determination and calculation of a potential resource estimate from which an
economical model will be completed to enable the commencement of mining operations.
Vangold Mining CEO, Cameron King states, “ The work program undertaken is by far the most
intensive to date and has the potential to significantly improve the fundamental s for the
Company. A defined inferred resource calculation , which is expected as a result of this
campaign, should validate a definitive and significant value for the stockpiles bringing the
Company closer to its production and cash flow goals.”
Qualified Person
Mr. Dorado, Vangold Mining Corp., Director, 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'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 d rill 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.
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