Vendetta Mining (VTT.V) has released a first batch of assay results from its ongoing 2017 drill program at the Pegmont Lead-Zinc project in Australia. The holes of which the assay results have now been released were all drilled in Zone 3 where the company tried to expand and upgrade the current pit-constrained resource.
With several relatively long and high-grade intervals with an average lead-zinc grade of approximately 10% (consisting of lead and zinc in a 2:1 ratio), the first few holes are pretty successful in improving the known resource. Holes 55-58 were designed to get rid of a ‘bridge’ in the pit shell wand (which would allow Vendetta to ‘harmonize’ the pit outline reducing waste haulage and adding more tonnes. Whilst holes 56 and 57 didn’t yield any significant results, holes 55 and 58 did with respectively 3.2 meters at 9.81% PbZn and 3.5 meters at 4.32% PbZn.
The remaining holes were all drilled at the deeper zones at Zone 3 to confirm the continuity of the lead-zinc grade at depth and to increase the confidence in the mineralized structures. With almost 7 meters at 9.9% PbZn and 6.1 meters at 9.86%, we think ‘mission accomplished’ is the best way to describe these drill results.
The 12 holes which have now been released are just a minor part of the entire drill program, of which 32 holes have already been completed now. As Vendetta has already drilled in excess of 7,000 meters in 2017, it has now officially reached the total drill commitment as part of its option agreement to acquire 100% of Pegmont.:
Go to Vendetta’s website
The author has a long position in Vendetta Mining. Vendetta is a sponsor of the website. Please read the disclaimer
