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Vendome's Wholly-Owned Subsidiary Granted Option to Acquire 50% of San Javier Mine Property (Mexico)
Vendome's Wholly-Owned Subsidiary Granted Option to Acquire 50% of San Javier Mine Property (Mexico)
Toronto, Ontario CANADA, December 02, 2011 /FSC/ - Vendome Resources Corp. (VDR - TSX Venture), ("Vendome" or the "Corporation") is pleased to announce that its wholly-owned Mexican subsidiary (Vendome Minas, S.A. de C.V.) has entered into an agreement to acquire from Cansim Minas S.A. de C.V. ("Cansim") an earn-in option for a 50% undivided interest in and to the San Javier Mine property (the "Property") located within the municipality of Malinaltepec, State of Guerrero, Mexico.
The Property is 253 hectares in size and is host to silver-gold-lead-zinc epithermal vein mineralization typical of polymetallic deposits found within the Sierra Madre del Sur precious metal belt. Veins on the Property are host to a variety of sulphide minerals such as pyrite, chalcopyrite, argentite, galena, sphalerite, and arsenopyrite. Vendome staff and consultants have traced these veins on surface for estimated strike lengths of 400 to 500 meters that are typically 1.5 metres wide. Mine workings (including an 85 metre deep shaft and a small processing plant) are located on the Property, however limited mining has been carried out and historical estimates of tonnage and grade recoveries are presently unknown. To the best of the Corporation's knowledge, no modern exploration techniques have ever been utilized at the Property.
Vendome believes that the option to acquire a 50% interest in the San Javier Property solidifies the Corporation's strategic land position deep within a well known Mexican mining district. "With the option agreement to acquire 50% of the San Javier Mine, Vendome will have significant interests in almost 20,000 hectares of mineral exploration territory in the Sierra Madre del Sur, and is a key piece in Vendome's corporate strategy of developing high grade Mexican mining assets" stated Vendome's CEO Franz Kozich.
Vendome will pay CDN $75,000 cash and issue 1,000,000 common shares to Cansim upon signing of the earn-in option agreement. Vendome will also issue 1,000,000 common shares to Cansim on each of the first and second anniversaries of the effective date of the agreement, and make a final cash payment of CDN $250,000 to Cansim on the third anniversary date. The earn-in option agreement and the proposed share issuances are subject to the approval of the TSX Venture Exchange.....................
VENDOME’S WHOLLY-OWNED SUBSIDIARY PROVIDES UPDATE FOR SAN JAVIER MINE PROPERTY (MEXICO)
January 16, 2012, Toronto, Ontario – Vendome Resources Corp. (VDR-TSXV) (“Vendome” or the “Company”) is pleased to announce that the TSX Venture Exchange has accepted for filing documentation pertaining to the Letter Agreement dated November 28, 2011 between its wholly-owned Mexican subsidiary (Vendome Minas, S.A. de C.V.) and Camsim Minas S.A. de C.V. (Camsim), whereby the Company has the option to acquire a 50% interest in the San Javier Mine property (the “Property”) located within the municipality of Malinaltepec, State of Guerrero, Mexico.
As consideration, the Company must make to Camsim aggregate cash payments of $325,000, issue 3,000,000 common shares over a two year period, and incur $3,000,000 in exploration expenditures over a three year period...................
25-Jan-2012 Vendome Provides Additional High Grade Sample Results from Its San Javier Mine Project in Mexico
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.
TORONTO, ONTARIO--(Marketwire - Feb. 27, 2012) - Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR) ("Vendome" or the "Company") is pleased to announce that it has reached a binding agreement with Camsim Minas S.A. de C.V. respecting the option agreement dated December 1, 2011, regarding the San Javier Property pursuant to which Vendome must spend $3,000,000 in the next three years. Camsim has agreed to give Vendome an expenditure credit of $400,000 in return for the issuance of 800,000 Vendome common shares. This agreement is subject to TSX Venture Exchange approval and all securities issued there under will be subject to a four (4) month and one day hold period from their date of issuance................
Silver Underfoot - Vendome Sees a Potential Jackpot in Mexico
By Ted Niles
You don’t often hear the 2008 market crash described as a good thing, but to Franz Kozich-Koschitzky it was. Without that event, the President and CEO of Vendome Resources (TSXV:VDR) has no doubt that the company’s southwestern Mexico land package would have been scooped up by a larger company. “It was the luck of the financial crisis,” Koschitzky declares, “or we wouldn’t have it.”
The land package consists of three properties on the Sierra Madre Del Sur belt in Guerrero State: the 253-hectare San Javier property, the 14,722-hectare La Diana property and the 2,000-hectare San Miguel property. San Javier and La Diana were acquired by private resource company Camsim Minas SA in 2008, and between 2010 and 2011 Vendome entered into option agreements with Camsim to acquire a 50% interest in both. Vendome acquired a 100% interest in San Miguel—surrounded on all sides by La Diana—in August 2011..
TORONTO, ONTARIO--(Marketwire - May 7, 2012) - 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.
TORONTO, ONTARIO -- (Marketwire) -- 07/05/12 -- Vendome Resources Corp. (TSX VENTURE: VDR)(FRANKFURT: 9VR) ("Vendome" or the "Company") is pleased to provide an update for the San Javier Mine property located within the municipality of Malinaltepec, State of Guerrero, Mexico. The spring 2012 exploration program targeting the property's mineralized systems is now complete. In excess of 600 bedrock grab, chip channel, soil and stream sediment samples were collected during the program. Preliminary results for bedrock grab samples are reported below.
Sampling focussed on the Veta Tajo area located 300 meters southwest of the historical San Javier mine workings. The Company's consultants, A.C.A. Howe International Limited ("Howe") believe the Veta Tajo is a previously unrecognized, unexplored and unexploited area of significant visible stockwork quartz veining that spans an 80 to 100 meter vertical rise in the west bank of the river valley that transects the central property area.
A total of 42 grab samples were collected from exposed vein material. Values for silver ranged from less than 2 grams per tonne to 7,212 grams per tonne, with an average grade of 925 grams per tonne. Of the 42 grab samples, four (4) returned silver values less than 10 grams per tonne, 10 returned silver values between 10 and 100 grams per tonne, 18 returned silver values between 100 and 1,000 grams per tonne, and 10 returned silver values greater than 1,000 grams per tonne. Additionally, values for lead in these grab samples ranged from 0.1% to 5%, and zinc ranged from 0.1% to 6%.
Quartz veining in the Veta Tajo is stacked, horizontal to shallow-dipping and
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