VANGOLD MINING INITIATES RESOURCE VALUATION AND PEA ON EL PINGUICO MINE

VANGOLD NR 2018-02-06 Initiates PEA

Vancouver, British Columbia–(Newsfile Corp. – February 7, 2018) – Vangold Mining Corporation (TSXV: VAN) (OTC Pink: VGLDF) (FSE: E35B) (“Vangold” or the “Company”) is pleased to announce that it has initiated a Resource Valuation and Preliminary Economic Assessment (“PEA”) in respect of the Company’s 100% owned El Pinguico Project, in Guanajuato, Mexico. The PEA will provide a base-case assessment for the further development of the existing mineral resource and the recommencement of mining operations utilizing current standing stock ore piles and mining infrastructure, including the existing shafts, adits and tunnels to a depth of 300 meters from surface. The objective of this study is to determine the potential economic viability of the current mineral resources at El Pinguico along with a level of cost indication sufficient to proceed to the next level of mine development and valuation. Completion of the PEA is expected in Q2 2018.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s