Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR) ("Vendome" or the
"Company") is pleased to provide an update for the San Javier Mine property (the
"property") located within the municipality of Malinaltepec, State of Guerrero,
Mexico. 


An exploration program targeting the property's mineralized systems is now well
underway. In excess of 600 chip and channel samples have been collected from
existing and newly exposed mineralized showings at the property. The Company's
consultant A.C.A Howe International Limited is presently conducting detailed
field mapping and reconnaissance. The preliminary results of this mapping appear
to have enlarged the known mineralized envelope of the vein system and field
staff believes that the San Javier vein system may be a hydrothermal system
related to regional volcanism. Chip and channel samples have been submitted to
SGS Laboratories in Durango, Mexico. Analytical results are expected within the
next two to three weeks. 


Mr. Franz Kozich, President of Vendome states "we are very excited with the
indications of the initial exploration work at the San Javier Mine Property. New
vein exposures with the potential to yield high grade polymetallic values have
been identified by our field staff, as well as lower grade bulk mineralization
in the altered wall rocks that host these veins. The scale of the mineralized
system at San Javier continues to grow." 


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 3,800,000 common shares over a two year period,
and incurring $2,600,000 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.


Vendome Resources Corp. (TSXV:VDR)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Vendome Resources Corp..
Vendome Resources Corp. (TSXV:VDR)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Vendome Resources Corp..