Vendetta Mining Preparing to Drill at Pegmont Lead-Zinc Project

Vendetta Mining Corp. (TSXV:VTT) announced that it is mobilizing for the start of its 2017 exploration program at its Queensland-based Pegmont lead-zinc project.
The company also announced a $3-million private placement, and said that it expects to release an updated NI 43-101 mineral resource estimate within the next four weeks.
At Pegmont, Vendetta Mining will be pursuing both resource development and regional exploration. The plan for regional exploration is as follows:

The 2017 program will commence on the 12th April with an EM survey over the copper discovery made in 2016. A regional exploration RC hole (PVR040) intersected 3.0 m of 3.21% Cu and 0.57 g/t Au from 113 m down hole (see Vendetta News Release VTT2016 0 NR#8). Coarse chalcopyrite mineralization was intersected in a silica altered pegmatite, similar in style to the nearby Osborne – Kulthor Copper-Gold deposits. Dependent upon results of the EM survey a drilling program will be designed to further test the copper-gold target.
In addition to the above an exploration drilling program will be conducted to test for repetitions of the Burke Hinge Zone mineralization along the 2.2 km fold structure located to the north of Pegmont. Follow up on two intersections at the Bonanza target and investigate two syncline targets either side of the Burke Hinge Zone, fold structures such as these can focus remobilised sulphide mineralisation.

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