Vangold Mining Focusing on Near-Term Production Plan

https://www.fscwire.com/newsrelease/vangold-mining-focusing-near-term-production-plan

Vancouver, British Colimbia (FSCwire) – Vangold Mining Corp. (“Vangold” or the “Company”) (TSX-V: VAN)(OTC-VGLDF) is pleased to announce that the Company has started a grading and sampling campaign on the surface stockpile, estimated by Vangold to be approx. 200,000 tonnes of lower grade Ag & Au mineralized material. The “Scope of Work” has commenced with the digging of trenches within a defined and predetermined grid pattern of 25m x 25m.  The objectives of the sampling program are (i) to confirm the overall average grade and economics of the surface stockpile, (ii) provide data for a blending regime to transport a consistent mill feed, for the Company’s near-term toll treatment milling strategy, and (iii) to define and optimize metallurgical recoveries for this type of exposed weathered stockpiled material.

 

The existing underground (“UG”) stockpile comprises high-grade Ag & Au mineralized material mined at 15 grams per tonne (“g/t”) AuEq or better, that was abandoned by the previous operator “Pinguico Mines Company” as a result of the Mexican Revolution and has remained in the mined stopes since 1913. Under the current operating plan, the focus of the sampling is to confirm the average grade across the potential 500,000 tonnes of UG stockpile.  Sampling will be undertaken by grab samples at the 8th level (255 m from surface) of the old Pinguico Mine’s production drive and by drilling across the UG stockpile in the mined open stopes. The “Drilling Scope of Work” includes 10 NQ drill holes (35m spacing average) to depths of 70m to 120m for a total of 1,000m.

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