Michael Williams, CEO of Vendetta Mining, goes over the highlights from recently released maiden drill results from Pegmont. He also comments on whether he sees Pegmont being able to take advantage of the zinc price rise that many believe is imminent.
At last week’s 2015 PDAC International Convention, Trade Show & Investors Exchange, Resource Investing News had the chance to speak with Michael Williams, CEO of Vendetta Mining (TSXV:VTT). Vendetta’s focus is on advanced-stage exploration projects in Australia, and it’s currently working on moving the Queensland-based Pegmont lead-zinc project forward.
In the interview below, Williams goes over the highlights from recently released maiden drill results from Pegmont, also touching on work completed at the deposit by previous companies. Up next for the company will be “more drilling to confirm that the mineralization continues from [Zone 5].” Vendetta also hit a zone close to surface in the last round of drilling, and wants “to see how big that zone is, as well.” Metallurgical testing will be part of the next phase as well.
In closing, Williams comments on whether he sees Pegmont being able to take advantage of the zinc price rise that many believe is imminent. “You always worry about the zinc market because it tends to get ahead of itself and it can pull back quickly, for instance, when you see Chinese production,” he said, adding, “I think given the fact where we are with Pegmont we can still catch that cycle.”
Watch the video to hear more of what he had to say.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.