Vendetta Files NI 43-101 Pegmont Updated Mineral Resource Estimate June 2017 - Drilling Update
FOR IMMEDIATE RELEASE August 9th, 2017
(VTT2017 – NR # 8)
Vendetta Files NI 43-101 Pegmont Updated Mineral Resource Estimate
June 2017 - Drilling Update
Vancouver, BC – August 9th, 2017 Vendetta Mining Corp. (VTT-TSX:V) announce the filing of the
National Instrument 43-101 (NI 43-101) Technical Report on the updated Mineral Resource estimate of
the Pegmont Lead-Zinc project, in Queensland Australia, to support the Mineral Resource estimate
announced by Vendetta on June 27th, 2017.
The independent NI 43-101 technical report for the updated Pegmont Mineral Resource was prepared for
Vendetta by leading independent mining consultants AMC Mining Consultants (Canada) Limited. The
report titled Pegmont Resource Update June 2017 has been filed on the SEDAR website at
www.sedar.com and will be placed on Vendetta’s web site www.vendettaminingcorp.com. The technical
report has an effective date of 22nd June 2017 and includes drilling and other technical data to 8th May
2017.
Drilling Update
Development drilling continues at the Pegmont with two drills, one currently drilling in Zone 5 and the
other in Zones 2-3.
Processing, logging and sampling of the core is ongoing. Initial results from the program were released
on July 25th, 2017, see Vendetta’s News Release VTT2017-NR#7 for details. The next batch of assays
are expected shortly and will be released as soon as the Company has processed and incorporated the
results into the geological models.
Follow up drilling on the new Copper target will commence shortly. The Copper target was identified
at the end of the 2016 program with exploration hole PVR040 intersecting 3.0 metres of 3.21% Cu and
0.57 g/t Au, see Vendetta News Release VTT2016 - # 8, October 19th 2016. In early 2017 a ground
geophysical EM survey was conducted to determine the possible strike and dip, this resulted in a steeply
dipping linear conductor of over 800 m being identified, details of the EM survey can be found in
Vendetta’s News Release VTT2017- #5, May 4th 2017.
About The Pegmont Lead Zinc Project
Pegmont is a stratiform, Broken Hill-Type deposit that outcrops with an overall shallow dip to the south
east and is hosted in a magnetite-rich banded iron formation within high grade metamorphic rocks. The
project consists of three granted mining leases and two exploration perm its that cover an area of
approximately 3,468 ha.
Pegmont is situated in the Mount Isa – McArthur Mineral Province, which hosts one of the world’s
richest endowments of lead -zinc-silver mineralization, including several worl d-class lead -zinc-silver
mines.
Pegmont is located 25 km west of South 32’s Cannington silver-lead-zinc operation, one of the world’s
largest producers of lead and silver and 28 km north of Chinova Resources’ Osborne copper -gold
operations. Pegmont is proximal to existing infrastructure including public roads, mine haul roads,
rail, and a natural gas pipe line for power generation.
In June 2017 Vendetta updated the Mineral Resource estimate for Pegmont, for full details please see
Vendetta’s news release, VTT2017-NR#6, June 27th, 2017.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and
developing mineral properties with an emphasis on lead and zinc. It is currently focused on advanced
stage exploration projects in Australia, the first of which is the Pegmont Lead Zinc project. Additional
information on the Company can be found at www.vendettaminingcorp.com
Qualified Person
Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a non -independent qualified person as
defined by NI 43 -101. Mr. Voulgaris has reviewed the technical content of this press release, and
consents to the information provided in the form and context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Williams”
Michael Williams
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements within this news release, other than statements of historical fa ct relating to Vendetta
Mining Corp., are to be considered forward-looking statements with respect to the Company’s intentions for
its Pegmont project in Queensland, Australia. Forward -looking statements include statements that are
predictive in nature, ar e reliant on future events or conditions, or include words such as “expects”,
“anticipates”, “plans”, “believes”, “considers”, “significant”, “intends”, “targets”, “estimates”,
“seeks”, attempts”, “assumes”, and other similar expressions.
The forward-looking statements are based on a number of assumptions which, while considered reasonable
by Vendetta Mining Corp., are, by their nature, subject to inherent risks and uncertainties and are not
guarantees of future performance. Factors that could cause actual results to differ materially from those in
forward-looking statements include: the interpretation of current results from the 2016 drilling program
mentioned in this news release, further results from the 2016 drilling program, the accuracy of exploration
results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the
forgoing ability to finance further exploration, delays in the completion of exploration, delays in the
completion of the updated Mineral Resource Estimate, the future prices of lead, zinc, and other metals, and
general economic, market and/or business conditions. There can be no assurances that such statements and
assumptions will prove accurate and, therefore, readers of this news release are advised to rely on their own
evaluation of the information contained within. In addition to the assumptions herein, these assumptions
include the assumptions described in Vendetta Mining Corp.’s Management’s Discussion and Analysis for
the nine months ended, February 29th, 2017.
Although Vendetta Mining Corp. has attempted to identify important risks, uncertainties and other factors
that could cause actual performance, achievements, actions, events, results or conditions to differ materially
from those expressed in or implied by the forward-looking statements, there may be other risks, uncertainties
and other factors that cause future performance to differ from what is anticipated, estimated or intended.
Unless otherwise indicated, forward -looking statements contained herein are as of the date hereof and
Vendetta Mining Corp. does not assume any obligation to update any forward -looking statements after the
date on which such statements were made, except as required by applicable law.