VANCOUVER, BC / ACCESSWIRE / March 6, 2017 / Vendetta Mining Corp. (TSXV: VTT) (the "Company") is pleased to announce the
initial metallurgical test work on the Pegmont Lead-Zinc project from the Burke Hinge Zone open pit target (BHZ) and the high zinc
grade Zone 5 underground target.
Using industry standard test work the initial flotation tests produced separate lead and zinc concentrates using bench scale
batch (open cycle) flotation. Tests were performed by ALS Metallurgy, in Burnie Tasmania, under the supervision of Vendetta's
consulting metallurgist Mr. Geoff Richmond.
Three composites from sulphide mineralization at BHZ, and Zone 5 Lens B and C were processed. A fourth test was performed on
transition mineralization at BHZ. In all cases, separate marketable lead and zinc concentrates were produced.
Table 1. Composite Details, Overall Recoveries and Concentrate Grades.
Area Composite Bore Holes Included in Composite
Composite Head Grades (diluted) Lead Circuit Zinc Circuit Pb % Zn% Pb Recovery % Concentrate Pb Grade % Zn Recovery % Concentrate
Zn Grade % Sulphide Mineralization BHZ PVRD023, 024, 026, 027, 041, 042, 043, 044 & 045 5.02 3.03 91.5 70.6 61.8 50.7 Zone 5, Lens
B PVRD013, 030, 032, 33, 34 & 37 5.61 4.74 88.5 68.0 75.6 50.1 Zone 5, Lens C PVRD030, 033 & 037 4.30 5.48 83.0 66.1 76.7 50.3
Transition Mineralization* BHZ PVRD023 3.19 2.90 80.6 57.0 19.3 48.9
* Transition mineralization is defined as predominately sulphide lead-zinc mineralization in variably weathered rocks, with high
iron oxide mineralogy.
Key Points:
- BHZ and Zone 5 composites were selected such that they are representative of the lead-zinc mineralization
intersected during Vendetta's 2016 drilling program. - Sulphide composites were prepared using quarter core HQ. BHZ transition
sample was prepared using half core HQ. - All sulphide composites included barren hangingwall and footwall country rock to simulate
mining dilution. The BHZ transition test did not include dilution. - Pre-concentration method investigated included magnetic
separation and heavy media separation. These were performed on the BHZ sulphide and Zone 5 Lens B composites, results indicate that
no meaningful advantage can be gained from pre-concentration. - All composites were ground to P80 passing 105 µm. - Each composite
was subject to a series of developmental batch flotation tests, including a roughing only test and either two or three cleaning
tests with rougher concentrate regrind (P80 passing 15 to 27 µm) - BHZ Transition test was performed on an intersection from one
drill hole only and is not considered representative. Zinc recoveries in the zinc concentrate of the BHZ Transition were hampered
by locking of sphalerite in galena and gangue minerals, this is reflected in the relatively high recovery of zinc (22.3%) to the
lead concentrate. While transition mineralization represents a relatively small proportion of the mineralization at the BHZ open
pit target flotation optimization work is ongoing. - Bond Ball Mill Work Index comminution test work, was performed on the BHZ
Sulphide and Zone 5 Lens B composites, returning16.6 kWh/t and 19.4 kWh/t respectively, placing them in the medium to medium hard
range. - There remains scope to further optimize the flotation results. It is generally accepted that locked cycle flotation will
result in higher recoveries more comparable to commercially operated flotation plant, compared to batch flotation. - Further
details about these tests will be made available on the Companies web page and Corporate Presentation.
Michael Williams, Vendetta's President and CEO commented, "These initial metallurgical results are a significant technical
milestone. The results demonstrate a classic grade recovery profile, producing marketable lead and zinc concentrates in all cases.
This allows the Company to continue planning the 2017 resource development program with confidence as we further de-risk the
Project."
About The Pegmont Lead Zinc Project
The Pegmont lead-zinc-silver deposit is located in North West Queensland Mineral Province, 175 km south-east of the major mining
center of Mount Isa, 25 km west of South32's world class Cannington silver-lead-zinc operation and 28 km north of Chinova
Resources' Osborne and Kulthor copper-gold operations. It is proximate to infrastructure including roads, rail, and natural gas for
power generation.
Pegmont is a multiple lens, stratiform Broken Hill style deposit that outcrops with an overall shallow dip to the south east and
is hosted in a magnetite rich, banded iron formation within high metamorphic grade rocks. The project consists of three granted
mining leases and two exploration permits that cover an area of approximately 3,468 ha.
Since the February 2014 NI 43-101 Mineral Resource Estimate on Zones 1 to 4 there has been over 13,500 m of drilling, primarily
in the Zone 5 underground target and the Burke Hinge Zone open pit target. Highlights of the Companies drill results from Burke
Hinge Zone and Zone 5 are presented in Table 2 below, the Company plans to update the resource estimate in the near future.
Table 2. Selected Highlights of the 2014 - 2016 Burke Hinge Zone and Zone 5 Drilling^
Bore Hole Dip / Azimuth From (m) To (m)
Interval (m) True Thickness* (m) Grade Pb+Zn % Pb % Zn % Ag g/t Burke Hinge Zone - Open Pit Target PVR018 -60/205 81.0 87.0 6.0 5.4
7.30 4.90 2.41 7.0 PVR019 -60/205 62.0 69.0 7.0 6.7 11.52 7.79 3.72 12.4 PVR021 -60/205 57.0 70.0 13.0 13.0 7.34 4.29 3.04 6.6 and
81.0 87.0 6.0 6.0 10.11 6.98 3.13 12.5 PVRD023 -60/205 40.64 46.64 6.00 6.0 9.48 6.08 3.40 17.8 PVRD026 -60/025 69.65 75.65 6.00
3.7 10.41 5.94 4.47 10.4 PVRD027 -60/205 34.16 37.16 3.00 3.0 11.48 7.55 3.93 27.9 PVRD041 -60/205 31.0 36.0 5.0 4.9 9.15 5.99 3.16
9.1 PVRD042 -60/205 42.5 46.45 4.00 3.9 16.83 12.28 4.55 19.9 Zone 5 - Underground Target PVRD030 -68/330 290.85 299.15 8.30 7.9
10.73 5.82 4.91 6.8 and 317.25 323.00 5.75 4.8 11.01 5.85 5.16 9.0 PVRD032 -70/350 253.28 260.28 7.00 6.2 9.55 6.40 3.15 8.0
PVRD033 -70/350 276.63 281.63 5.00 4.6 9.72 5.77 3.95 8.0 PVRD037 -88/240 297.38 303.38 6.00 5.5 9.72 4.53 5.19 6.2 PMR283 -90
276.0 285.0 9.0 9.0 13.23 6.35 6.88 7.7 PVRD052A -51/138 215.63 230.40 14.77 6.8 11.91 5.46 6.45 5.56 PVRD017 -56/153 260.60 265.16
4.56 4.2 15.60 5.45 10.15 6.1
^Note: For full details about the above drill results please see the Company's previous news releases dated the 7th September
2016, 21st September 2016 and 30th November 2016.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral
properties with an emphasis on lead and zinc. It is currently focused on advanced stage exploration projects in Australia, the
first of which is the recently optioned Pegmont Lead Zinc project. Additional information on the Company can be found at
www.vendettaminingcorp.com
Qualified Person
Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a non-independent qualified person as defined by NI 43-101. Mr.
Voulgaris has reviewed the technical content of this press release, and consents to the information provided in the form and
context in which it appears.
Geoff Richmond FAusIMM, a Consulting Metallurgist to Vendetta, is a qualified person as defined by NI 43-101. Mr Richmond has
reviewed the metallurgical technical content of this press release, and consents to the information provided in the form and
context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Williams"
Michael Williams President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements within this news release, other than statements of historical fact relating to Vendetta Mining Corp., are to
be considered forward-looking statements with respect to the Company's intentions for its Pegmont project in Queensland, Australia.
Forward-looking statements include statements that are predictive in nature, are reliant on future events or conditions, or include
words such as "expects", "anticipates", "plans", "believes", "considers", "significant", "intends", "targets", "estimates",
"seeks", attempts", "assumes", and other similar expressions.
The forward-looking statements are based on a number of assumptions which, while considered reasonable by Vendetta Mining Corp.,
are, by their nature, subject to inherent risks and uncertainties and are not guarantees of future performance. Factors that could
cause actual results to differ materially from those in forward-looking statements include: the interpretation of current results
from the 2016 drilling program mentioned in this news release, further results from the 2017 drilling program, the accuracy of
exploration results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the forgoing
ability to finance further exploration, delays in the completion of exploration, delays in the completion of the updated Mineral
Resource Estimate, the future prices of lead, zinc, and other metals, and general economic, market and/or business conditions.
There can be no assurances that such statements and assumptions will prove accurate and, therefore, readers of this news release
are advised to rely on their own evaluation of the information contained within. In addition to the assumptions herein, these
assumptions include the assumptions described in Vendetta Mining Corp.'s Management's Discussion and Analysis for the periods ended
November 30th, 2016 and 2015.
Although Vendetta Mining Corp. has attempted to identify important risks, uncertainties and other factors that could cause
actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by
the forward-looking statements, there may be other risks, uncertainties and other factors that cause future performance to differ
from what is anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of
the date hereof and Vendetta Mining Corp. does not assume any obligation to update any forward-looking statements after the date on
which such statements were made, except as required by applicable law.
SOURCE: Vendetta Mining Corp.
