Vendetta Mining Releases First Assay Results from the Pegmont Project in Australia

Vendetta Mining Corp. (TSXV:VTT) reported the first results from the drilling program, conducted from October to December 2014, at the Pegmont Lead-Zinc Project in Queensland, Australia. Highlights include 6 metres of 8.48% Pb, 4.21% Zn at Hole PVR019, and 5 metres of 6.86% Pb, 2.85% Zn at Hole PVR018.

As quoted in the press release:

Highlights include:

• PVR018: 5 metres of 6.86% Pb, 2.85% Zn
• PVR019: 6 metres of 8.48% Pb, 4.21% Zn
• PVR021: 9 metres of 5.58% Pb, 3.94% Zn and 6 metres of 6.98% Pb, 3.13% Zn

As part of the recently completed program, the Company drilled six infill RC holes totaling 532 m in the area known as “Gossan Load”, located 300 m to the NE of the main mineralization at Pegmont.

Mineralization is known to outcrop in a weakly developed gossan at the NW end, however a re-interpretation incorporating the results of the 2014 infill program indicates that the host garnet sandstone and banded iron stone (BIF) horizon have been tightly folded into an NE dipping, shallow SE plunging recumbent anticline, a notably different setting to the main mineralization at Pegmont. The fold hinge (now called the Burke Hinge Zone) appears to be the site of lead and zinc metal accumulation, with the lead and zinc grades being comparatively higher than the limbs.

The top of the sulphide mineralization in the Burke Hinge Zone is present at depths below surface of between 24 m to 40 m, and has a known plunge extent of 200 m. The Burke Hinge Zone is open to the SE and the Lower Limb is open down dip to the NE. The location of the drilling and geometry of the mineralization is shown in plan and in cross sections in Figure 1.

Vendetta Mining President and CEO, Michael Williams, said:

The Company is pleased with these results and the recognition of the anticline hinge is an important step that will aid in targeting further high grade mineralization. The hinge zone represents a significant opportunity to the Company as to date it is the shallowest, thickest accumulation of sulphide mineralization known at Pegmont. The Company will continue to test the hinge zone and step out down plunge in future drilling programs as well as investigate any possible a connection between this and the main mineralized zones at Pegmont.

Click here to read the Vendetta Mining Corp. (TSXV:VTT) press release