TORONTO, ONTARIO--(Marketwire - Jan. 24, 2012) - Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR) ("Vendome" or the "Company") is pleased to announce additional high grade chip and channel samples from its San Javier Mine property (the "Property") located within the municipality of Malinaltepec, State of Guerrero, Mexico.
In December 2010, a qualified person associated with the previous Optionor of the San Javier Mine collected channel samples with a rock saw from exposed quartz veins within the principal mine area of the Property. Samples were cut across the exposed vein perpendicular to strike, and were shipped in sealed bags directly to ALS Chemex De Mexico in Guadalajara, Mexico. Samples were analyzed for multi-elements using aqua regia digestion and both ICP-MS and ICP-AES finish techniques. Hi-lights of the channel sample analyses are provided in the Table.
The Property is 253 hectares in size and is located within the Sierra Madre del Sur precious metal belt of south-western Mexico. During a Vendome staff reconnaissance field trip in August 2010 a qualified person collected chip/grab samples from several veins identified 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. Sample analyses returned values up to 15,042 g/tonne silver, 3.19% zinc, and 3.41% lead. 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.
Mineralization observed in the quartz veins consisted of pyrite, chalcopyrite, argentite, galena, sphalerite, and arsenopyrite. Kaolinization and sericitization of the wall rocks hosting the veins was also noted. Vendome management believes that the stockwork vein system observed on the San Javier Mine property is similar to rift related epithermal low sulphidation systems that are host to several world class silver mines in Mexico.
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.
http://vendomeresourcescorp.com/news/...javier-mine-project-in-mexico