Vendome Provides Additional High Grade Results from the San Javier Mine Stockwork Vein System (Mexico)
02 February 2012 - 9:44AM
Marketwired Canada
Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR) ("Vendome" or the
"Company") is pleased to announce additional high grade grab samples from the
San Javier Mine property (the "property") located within the municipality of
Malinaltepec, State of Guerrero, Mexico.
On December 5 and 6, 2011 a qualified person collected grab samples from several
veins located distally from the main adit portal on the property. These samples
were analyzed at SGS Laboratories in Durango, Mexico using fire assay with AAS
finish, and ICP-OES finish after aqua regia digestion. Results of the analyses
are as follows:
San Javier Property December 2011 Chip Sampling Results
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Distance
From
Sample Easting Northing Silver Lead Zinc Adit
# (UTM) (UTM) (g/tonne) (%) (%) (m)
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BOA 10 540870 1895329 1,277 2.39 2.51 497
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BOA 11 541071 1895459 242 1.77 0.15 680
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BOA 12 541268 1895447 49.7 0.19 0.06 771
--------------------------------------------------------------------------
BOA 13 540667 1894934 1,384 0.46 0.01 165
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BOA 14 541020 1894903 38.4 0.57 1.48 231
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BOA 15 540643 1894513 105 1.69 0.01 361
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BOA 16 540664 1894550 657 7.32 4.18 322
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BOA 17 541300 1895362 54.1 1.4 0.52 727
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WGS 84, Zone 14 Q - adit portal located at 541100 E, 1899377N
These results have considerably expanded the known areal extent of the
property's stockwork vein system, as reported in Vendome's previous news release
dated January 23, 2012. Apart from the presence of galena and sphalerite,
Vendome field staff have noted that the higher values of silver, lead and zinc
obtained in laboratory analyses tend to be directly related to vein samples
containing high concentrations of pyrite and arsenopyrite. Vendome management is
extremely encouraged by these new results in that new distal stockwork vein
exposures located through prospecting continue to yield high grade silver, lead
and zinc values.
The property is 253 hectares in size and is located within the Sierra Madre del
Sur precious metal belt of southwestern Mexico. The Company has the option to
acquire a 50% interest in the San Javier Mine property by making aggregate cash
payments of $325,000, issuing 3,000,000 common shares over a two year period,
and incurring $3,000,000 in exploration expenditures over a three year period.
Warren Hawkins, P.Eng, a "Qualified Person", within the meaning of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed
and approved the scientific and technical information contained in this news
release. Mr. Hawkins is not considered to be "independent" of the Corporation
(as defined in National Instrument 43-101), as he currently holds securities of
the Corporation.
This news release contains certain "forward-looking statements". All statements,
other than statements of historical fact that address activities, events or
developments that the Corporation believes, expects or anticipates will or may
occur in the future are forward looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Corporation based
on information currently available to the Corporation. Such forward-looking
statements include, among other things, statements relating to the Corporation's
entry into an agreement in respect of the right to earn a 50% undivided interest
in the Property and the proposed terms thereof. Forward-looking statements are
subject to significant risks and uncertainties and other factors that could
cause the actual results to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Corporation. Factors that could
cause actual results or events to differ materially from current expectations
include, but are not limited to: the failure to acquire an interest in the
Property, or the right to earn an interest in the Property, on the terms
currently proposed or at all; the failure to obtain any required regulatory or
stock exchange approvals and other factors. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required by
applicable securities laws, the Corporation disclaims any intent or obligation
to update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Corporation believes that
the assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.
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