🕐08.09.14 - 21:27 Uhr
VENDOME RESOURCES ACQUIRES ADDITIONAL MINING CLAIMS AT IVANHOE LAKE
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Vendome Resources Acquires Additional Mining Claims at Ivanhoe Lake
TORONTO, CANADA, September 5, 2014 - VENDOME RESOURCES CORP.
("Vendome" or "Company")
(TSXV:VDR, FRANKFURT:9VR), a Toronto, Canada based minerals exploration company
with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District,
Ontario, Canada, is pleased to announce that it has acquired additional mining claims
contiguous to its Ivanhoe Lake Property, located in the Borden Lake Gold District,
Ontario Canada.
The additional claims are located directly adjacent to the western
boundary of our original Ivanhoe Lake claims and double the size of our footprint
in the region.
The claims were acquired from the vendors of our original claims
pursuant to an amendment to our existing agreement.
Vendome will pay $6,000.00
to the vendors and amend the existing agreement to include the claims under the
same terms and conditions as in the original agreement.
The claims are located approximately 50 km east of Probe Mines Limiteds (TSXV:PRB)
Borden Lake Gold Zone which contains a pit-constrained Indicated Resource of 3,686,000
ounces of gold averaging 1.02 g/t Au and an additional Inferred Resource of 625,000
ounces of gold averaging 1.08 g/t Au (www.probeminerals.com).
Probe has recently
completed a drill program to expand on this resource and in particular, to outline
a high grade sub-zone internal to the larger resource.
Vendome Chief Executive Officer John Priestner commented "We believe the Ivanhoe
Lake Project to have strategic significance in our path forward.
This acquisition
closes a land gap between our western boundary and the eastern boundary of a series
of land claims which were staked by Mr.
Michael A.
Tremblay, the prospector generally
credited with Probes Borden Lake gold discovery.
These claims are located directly
northeast of Probes East Limb property.
We are very excited about our future in
the Borden Lake Gold District, in part because of our proximity to the Probe discovery
and because of the unique anomaly which is contained within our borders.
It excites
us that as recently as four weeks ago, Probe raised $26 million, which in our opinion
further validates the merits of the region.
Our property is drill ready."
Geologically, the Ivanhoe Property is located in the western portion of the Swayze
Greenstone belt, proximal to the Kapuskasing High metamorphic terrain.
It is underlain
by rocks typical of the Timmins gold camp, and includes variably altered and deformed
mafic and ultramafic volcanic rocks, intermixed with Timiskaming-type conglomerates
and porphyry intrusives.
The Destor Porcupine Fault Zone, which is spatially associated
with the prolific Timmins Gold camp, has been interpreted to extend across the Ivanhoe
Property.
Ivanhoe is accessible by a major highway, by railway, and by forest access
roads.
ABOUT VENDOME:
Vendome is a mining exploration company located in Toronto, Canada.
Our primary
focus is to advance our flagship properties, San Javier, La Diana and San Miguel,
which are located in the heart of the Sierra Madre del Sur precious metals belt,
in the State of Guerrero, Mexico.
The three properties encompass an area of over
17,000 hectares and have reported high grade silver samples of up to 15,000 g/t.
Vendome also owns property in the center of the Borden Lake Gold District in Ontario,
Canada.
Recently, Probe Mines Inc.
(TSXV:PRB) made a major gold discovery in the
Borden Lake area in the Kapuskasing Structural Zone ("KSZ"), which is located 60
kilometers to the southwest of our wholly-owned property.
Our property is located
in the KSZ, shares the same geological formation with Probe and is on strike with
Probes multi-million ounce gold deposit.
Borden Lake has become a new focus area
for our team.
Vendome Resources Corp.
is managed by an experienced team of mining professionals
with extensive operating and financial experience.
ON BEHALF OF VENDOME RESOURCES CORP.
W.
John Priestner
President & Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with
respect to the future exploration performance of the Company.
This forward-looking
information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements of the Company, expressed
or implied by such forward-looking statements.
These risks, as well as others,
are disclosed within the Companys filing on SEDAR, which investors are encouraged
to review prior to any transaction involving the securities of the Company.
Forward-looking
information contained herein is provided as of the date of this news release and
the Company disclaims any obligation, other than as required by law, to update
any forward-looking information for any reason.
There can be no assurance that
forward-looking information will prove to be accurate and the reader is cautioned
not to place undue reliance on such forward-looking information.
Contact:
Vendome Resources Corp.
Robert Chisholm
Director
(647) 932-1604
[mailto:]
[mailto:]
www.vendomeresourcescorp.com
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Vendome Resources Corp | 133 Richmond Street West, Suite 403 | Toronto | Ontario | M5H 2L3 | Canada