Commander Completes Airborne Survey on Sabin Zinc Property, Ontario

Vancouver, British Columbia–(Newsfile Corp. – November 8, 2018) – Commander Resources Ltd. (TSXV: CMD) (“Commander”) is pleased to announce that it completed an airborne VTEM survey on the Sabin zinc-copper-silver-gold volcanogenic massive sulphide (VMS) project (the “Sabin Zinc Property”) located in northwest Ontario, Canada, some ten kilometres north of the community of Savant Lake. The Sabin Zinc Property is in the Sturgeon Lake greenstone belt, host to significant polymetallic VMS deposits including the past-producing Sturgeon, Mattabi, Lyon and “F’ VMS mines. Mining ceased in the belt in 1991.

The airborne survey comprised 370 line-km of electromagnetic and magnetic surveying by Geotech Ltd. of Aurora, Ontario using its latest generation VTEM Plus system. Results are expected by year end. This is the first modern deep penetrating geophysical survey to be flown on the property.

The Sabin Zinc Property was first worked by Union de Miniere Exploration (UMEX) in the 1970’s. Initial work by UMEX led to the discovery of the Marchington Zone where shallow drilling on 15 m centres outlined a historical near surface resource from 15 m to 61 m depth.

Marchington Zone Historic Resource (non-NI43-101 compliant)
123,000 tonnes 2.9% Zn 0.7% Cu 1.3 % Pb 56 g/t Ag

 

The Marchington Zone resource was defined by UMEX (based on internal company documents dated June 19, 1980), is historic in nature, is the most recent resource estimate currently available and is not to be relied upon except to provide an indication of exploration potential on the property. It was calculated by exploration professionals working for a major company widely reputed as competent, utilizing methodology accepted and relied upon as standard industry practice at the time, but is not compliant with National Instrument 43-101 standards. The reader is cautioned that a qualified person has not done sufficient work to classify this historical estimate as current resources and Commander is not treating it as a current mineral resource.

In addition to the Marchington Zone horizon three additional partially drill tested zones have been identified including the Kash, South and S-23 zones. The core of the Sabin property is underlain by intermediate and felsic volcanic units that exhibit widespread alteration comprised of garnet, staurolite, sillimanite and sericite metamorphic mineralogy. Characteristics of the Sabin and Sturgeon Lake deposits include high zinc and silver values with low conductivity. Gold was not consistently analyzed but sporadic assays suggest elevated potential. The Company has recently compiled a large exploration dataset for the first time. The last major exploration program on the property was a limited 3 hole campaign by Noranda in 1995.

Commander (formerly Major General) acquired the property through a purchase agreement with UMEX in 1990 and holds a 100% interest in the property except for two small internal claim parcels that are subject to a participating interest with Glencore Canada Corporation (formerly Noranda) who currently hold 41.5% and 33.3%. UMEX retains a 2.5% NSR over the property that will be reduced to 1% following $225,000 of royalty payments.

Robert Cameron, P. Geo. is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.

About Commander Resources:

Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. and Aston Bay Holdings. Commander also retains royalties from properties that have been partnered, optioned or sold.

On behalf of the Board of Directors

Robert Cameron, P. Geo.
President and CEO

For further information, please call:
Robert Cameron, President and CEO
Toll Free: 1-800-667-7866
info@commanderresources.com

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 may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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CSE New Listing – Slave Lake Zinc Commences Trading on the Canadian Securities Exchange – Video News Alert on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – November 8, 2018) –  Slave Lake Zinc Corp. (CSE:SLZ) is one of the latest new listings on the Canadian Securities Exchange. The company intends to develop the potential of its O’Connor Lake property, an historic zinc lead copper property located in the North West Territories of Canada, south of Great Slave Lake and to the east of Osisko Metals’ Pine Point project.

InvestmentPitch Media has produced a “video” which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Slave Lake” in the search box.

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The property, which covers approximately 465 acres, lies on the east shore of O’Connor Lake about 195 kilometres south east of Yellowknife and 150 kilometres east of Hay River.

The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war. Management believes that it is well positioned to advance this project and to significantly expand the historic potential of the property. For more information about the history of the property please refer to this video presentation (click here) on InvestmentPitch.com, by Ritch Wigham, CEO, dated prior to the financing.

The company raised gross proceeds of approximately $620,000 from the issuance of approximately 6.2 million units priced at $0.10, with each unit consisting of one share and one-half a warrant with each full warrant exercisable at $0.30 for 24 months.

For more information, please visit the company’s website at www.zinccorp.ca, contact Ritch Wigham, CEO, at 604-396-5762 or email RitchZinc@gmail.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

Vendetta Reports Final Results from 2018 Pegmont Lead-zinc Project Program with High Grade Intersections in New Zone 3 Structure

Vancouver, British Columbia–(Newsfile Corp. – November 8, 2018) – Vendetta Mining Corp. (TSXV: VTT) (“Vendetta” or the “Company”) is pleased to announce the last batch of drill results from the 2018 Resource Development program on the Pegmont Lead-Zinc project in Queensland.

New Zone 3 Structure Pit Highlights:

PVRD170: 6.00 metres of 11.43% Pb+Zn (8.50% Pb, 2.93% Zn); and

PVD194: 9.02 metres of 12.85% Pb+Zn (9.05% Pb, 3.80% Zn);

BHZ / Bridge Zone Highlights:

PVD171: 5.30 metres of 9.05% Pb+Zn (6.60% Pb, 2.46% Zn); and

PVRD191: 4.33 metres of 11.97% Pb+Zn (9.73% Pb, 2.24% Zn);

Significant results from the last batches of samples from Vendetta’s 2018 drilling program are summarised in Table 1, locations of the holes are shown on the map in Figure 1.

Michael Williams, Vendetta’s President and CEO commented: The discovery of the new fold structure in the shadow of the planned open pit highlights the upside potential that remains at Pegmont. The corporate strategy to date has been to focus efforts on the development of mineral resources to support a 10-year mining inventory, we anticipate the PEA will demonstrate the economic potential of that. We will now start to broaden our approach to Pegmont, looking to identify and testing brown field exploration targets, the recently completed mapping exercise is the first step towards that.

Zone 3 – New Fold Structure Drilling

Several holes were drilled to better scope the geometry of a structure discovered in late 2017 following an intersection in geotechnical hole PVRD154. It is interpreted that PVD154 drilled through the upper fold of a recumbent fold intersecting 15.92 m at 12.12 % Pb+Zn (9.07% Pb, 3.04% Zn).

Holes PVRD168 and PVD193 were drilled approximately 60 m along strike to the north east of PVRD154. PVRD168 deviated excessively in the RC pre-collar, the hole was abandoned. The target was later re-drilled with PVD193, cored from surface to aid targeting, intersecting the upper fold at a low angle and the steep limb.

Holes PVRD169 and PVD170 were drilled 160 and 100 m respectively along strike the south west of PVRD154. PVRD169 deviated excessively in the RC pre-collar and the hole was abandoned. Due to the deviation in PVRD169, the next hole PVRD170 was drilled in core from surface and intersected the upper, flat laying limb of the new fold structure.

Having successfully scoped the geometry of this new fold a program of 15 holes for 4,400 m has been designed to bring this new structure into a resource, this drilling is planned as part of the next program.

Zone 2 – 3 “Z Fold” Drilling

The fold that separates Zones 2 and 3, is a recumbent fold, called the “Z” fold. In the latter part of 2017 hole PVRD156 intersected 5.80 m of 10.31% Pb+Zn (7.36% Pb, 3.03%Zn) in the upper flat dipping limb and 36.61 m of 12.99% Pb+Zn (9.48% Pb, 3.51% Zn) passing through the steeply dipping limb at an acute angle and through the lower fold. These intersections were the most northerly intersection in the Z fold.

A series of four holes were drilled to better define the geometry of the Z Fold on this section. On one section PVD192 intersected the lower flat limb, PVD193 first intersected 15 m of the top fold sub-parallel to layering in the low-grade halo before intersecting the steeply dipping limb also sub-parallel to layering and PVD194 successfully intersected the top flat limb of the Z Fold. PVRD190 deviated excessively and intersected an area modelled as being attenuated (stretched and low grade). Structural work on PVD195 is not complete however the hole may have intersected the steep limb of the Z fold.

BHZ & Bridge Zone Drilling

Two holes PVRD165 and 166 were drilled on the southern end of BHZ to test for the extension to the Bridge Zone outside of the mineral resource, both holes intersected BHZ mineralisation as planned but didn’t intersect the host lithology at depth, the amphibolite dyke was intersected some 30 m lower than projected, this suggests that a fold may have dropped the Bridge Zone host beds down and that the holes should be deepened too investigate below the amphibolite dyke.

PVRD164 drilled up dip of the Bridge Zone, the hole intersected 3.3 m of barren host banded ironstone, with classic garnet selvages on both hangingwall and footwall. The intersection is about half the average thickness for the Bridge Zone and implies that the up-dip connection back to Zone 2 is an attenuated area.

PVD171 was a shallow cored hole, drilled to confirm transition material types at BHZ, in an area previously drilled with RC.

Exploration Drilling

Two vertical RC holes were drilled to test for host bed extensions at the northern and southern end of the pit main. PVR189, drilled in the north east of the main pit was investigating the presence of the host lithology between along strike from Zone 3 towards a projected position of Bridge Zone. The hole intersected two mineralised host units: 1 m at 2.17% Pb+Zn and 1 m at 3.64% Pb+Zn. This is an encouraging intersection and is not dissimilar to the results seen elsewhere in the attenuated host units between Zone 2 and the Bridge Zone. PVR185, drilled to the south of the main pit in Zone 4 is now understood not to have drilled deep enough to intersect the host unit, deepening this hole will be considered in future programs. Both of these holes were subsequently developed for ground water monitoring with the installation of gravel packed slotted PVC casing.

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Figure 1. Surface Map Showing 2018 Mineral Resource Block Model Contours, Pit Shell and Location of Current Results and 2018 Completed Holes

To view an enhanced version of Figure 1, please visit:
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Table 1. Summary of Significant Assay Results

Bore
Hole
Dip / Azimuth From (m) To (m) Interval
(m)
True Thickness* (m) Vertical Depth Below Surface (m) Grade#
Pb+Zn % Pb% Zn% Ag g/t
BHZ / Bridge Zone
PVD171 (transition) -89/255 32.70 38.00 5.30 3.7 32.7 9.05 6.60 2.46 14
PVRD164 -61/210 No Significant Result
PVRD165 -57/207 82.00 85.00 3.00 3.0 66.9 8.25 4.75 3.51 8
PVRD166 -57/205 44.00 46.00 2.00 1.9 36.3 5.46 1.93 3.53 5
PVRD191 -52/206 251.10 255.43 4.33 4.2 219.2 11.97 9.73 2.24 34
Zone 3 – New Fold Structure
PVD153 extension -74/139 No Significant Result
PVD154 extension -65/063 298.60 300.65 2.05 1.8 276.1 4.58 2.08 2.50 8
PVRD168
Abandoned – No Significant Result
PVRD169 -88/151 No Significant Result
PVRD170 -81/145 182.00 188.00 6.00
176.1 11.43 8.50 2.93 11
including 183.00 188.00 5.00
177.1 13.09 9.78 3.31 13
PVRD190 -62/309 No Significant Result
PVD192 -66/321 201.16 214.91 4.75 4.1 197.3 5.46 2.33 3.13 6
including
and
201.16 213.16 3.00 2.6 197.3 7.06 2.44 4.62 6
227.16 229.16 2.00 1.7 212.7 4.97 1.76 3.21 7
PVD193  -86/150 262.14 267.14 5.00 3.0 261.2 5.72 5.26 0.46 11
including
and
and
263.14 266.14 3.00 1.8 262.2 7.48 6.95 0.54 15
278.93 280.93 2.00 1.1 277.9 4.51 4.23 0.28 10
282.93 284.93 2.00 1.0 281.8 5.66 5.11 0.56 10
PVD194  -51/320 137.43 150.43 13.00 10.7 105.4 9.48 6.74 2.74 11
including 137.43 146.45 9.02 8.3 105.4 12.85 9.05 3.80 14
PVD195  -55/348 205.36 207.40 2.04 <1 167.7 7.65 3.80 3.85 14
Exploration Holes
PVR185   vertical No Significant Result
PVR189   vertical No Significant Result

 

* True thickness is estimated using structural measurements and three-dimensional geological modelling.

# Drill intersections are summarized intersection lengths >2.0 m, using a combined 1% lead and zinc grade with maximum 1 m internal dilution. Intervals indicated as “included” are at a combined 3% lead and zinc grade with no internal dilution.

Update on Pegmont Option and Pre-Paid Royally Agreements

The Company would like to advise that it has made the final cash option payment totalling AU$1,000,000 to the vendor on the November 6, 2018, in accordance with the terms of the Option Agreement.

The Company has been granted an extension to the Pre-Paid Royalty Agreement, the updated agreement terms are described below.

Extension Terms

  • The Option is not exercised until the Pre-Paid Royalty and any additional payments, as defined below are made.
  • In the event the Pre-Paid Royalty is paid between November 1 and November 30, 2018 the Company will make an additional payment of AU$50,000 and the Companies credit against the future royalties will be reduced from AU$5,250,000 to $5,000,0000.
  • In the event the Pre-Paid Royalty is not paid by November 30, 2018 the Company will make a payment of AU$100,000 on December 31, 2018 and in doing so the Vendor has been granted an extension to March 31, 2019.
  • In the event the Pre-Paid Royalty is not paid by March 31, 2019, the Company will pay an additional AU$300,000 on April 1, 2019 and in doing do so the Vendor has granted an extension to May 6, 2019.
  • In the event the Pre-Paid Royalty is not paid by May 6, 2019, the Company will pay an additional AU$350,000 and the Companies credit against the future royalty will be reduced from AU$5,000,000 to $4,500,0000 and in doing do so the Vendor has granted an extension to November 6, 2019.

Applications for indicative approval for the transfer of the Project to Vendetta from the Queensland Minister for Natural Resources, Mines and Energy are being prepared for lodging on Monday November 12, 2018.

Field Work Complete

Field work at Pegmont is now complete for 2018. A detailed mapping program has been completed and is currently being compiled. The company expects several exploration targets to be generated from this work.

Update on Preliminary Economic Assessment (PEA)

The latest guidance provided to the Company from the independent consultants is that the PEA will be complete in November.

Notes on Drilling and Assay QA/QC

The drilling involved holes either cored from surface PQ and HQ core sizes or with pre-collars drilled with reverse circulation (“RC”) 5.75″ diameter face sampling bit to depth prior to casing and continuing the hole in HQ2 diamond core. Diamond core samples were taken on nominal 1 m lengths but varied to match geological contacts. Samples of the core are obtained using a diamond saw to half cut the core, retaining a half for a permanent core record.

Field duplicate samples were taken and blanks and commercially prepared certified reference materials (standards) were added into the sample sequence for every hole submitted. These were analysed by the Company and no issues were noted with analytical accuracy or precision.

Samples used for the results described herein were prepared and analyzed at ALS Laboratory Group in Townsville, Queensland. Analysis was undertaken using a four-acid digest and ICP (ALS method: ME-ICP61 for 7 elements) with over limit (>10,000 ppm lead and zinc and >100 ppm silver) high grade samples being read with an atomic absorption spectrometer (AAS), (ALS methods: Pb-OG62, Zn-OG62 and Ag-OG62).

Drill hole collars are initially located using handheld GPS, and the collars have since been surveyed by a licensed surveyor. Down hole surveys were undertaken using a true north seeking gyroscope with stations nominally every 6 m.

All diamond core is orientated using digital core orientation systems, this data is incorporated into the 3D interpretations. Assay intervals shown in Table 1 are down hole intervals, and the true thickness noted are based on 3D interpretations of the host lithology, structure, and mineralization.

About Pegmont

Pegmont is a stratiform, Broken Hill-Type deposit that outcrops with an overall shallow dip to the south east and is hosted in a magnetite-rich banded iron formation within high grade metamorphic rocks. The project consists of three granted mining leases and one exploration permit that cover an area of approximately 8,290 ha.

Pegmont is situated in the Mount Isa – McArthur Mineral Province, which hosts one of the world’s richest endowments of lead-zinc-silver mineralization, including several world-class lead-zinc-silver mines.

Pegmont is located 25 km west of South 32’s Cannington silver-lead-zinc operation, one of the world’s largest producers of lead and silver and 28 km north of Chinova Resources’ Osborne copper-gold operations. Pegmont is proximal to existing infrastructure including public roads, mine haul roads, rail, and a natural gas pipe line for power generation.

About Vendetta Mining Corp.

Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a 100% interest by completing certain work requirements and making option and advance royalty payments. Additional information on the Company can be found at www.vendettaminingcorp.com.

Qualified Person

Peter Voulgaris, MAIG, MAusIMM, a Director of Vendetta, is a non-independent Qualified Person as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this press release, and consents to the information provided in the form and context in which it appears.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams
President & CEO

Email: info@vendettaminingcorp.com
Tel: 604 484 7855

Forward Looking Information

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements within this news release, other than statements of historical fact relating to Vendetta Mining Corp., are to be considered forward-looking statements with respect to the Company’s intentions for its Pegmont project in Queensland, Australia. Forward-looking statements include statements that are predictive in nature, are reliant on future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “significant”, “intends”, “targets”, “estimates”, “seeks”, attempts”, “assumes”, and other similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by Vendetta Mining Corp., are, by their nature, subject to inherent risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include: the interpretation of previous and current drill, further results from the 2018 drilling program, the accuracy of exploration results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the forgoing ability to finance further exploration, delays in the completion of exploration, delays in the completion of the updated Mineral Resource Estimate, the future prices of lead, zinc, and other metals, and general economic, market and/or business conditions. There can be no assurances that such statements and assumptions will prove accurate and, therefore, readers of this news release are advised to rely on their own evaluation of the information contained within. In addition to the assumptions herein, these assumptions include the assumptions described in Vendetta Mining Corp.’s Management’s Discussion and Analysis for the three months ended August 31, 2018.

Although Vendetta Mining Corp. has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking statements, there may be other risks, uncertainties and other factors that cause future performance to differ from what is anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Vendetta Mining Corp. does not assume any obligation to update any forward-looking statements after the date on which such statements were made, except as required by applicable law.

Zinc One Reports Drill Final Results from Mina Grande Norte, Bongara Zinc Mine Project, Peru

Drill Hole Intersections: 39.6 Metres of 37.0% Zinc and 14.4 Metres of 40.5% Zinc

Vancouver, British Columbia–(Newsfile Corp. – November 7, 2018) – Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) (“Zinc One” or the “Company”) is pleased to announce additional drill results from the remaining holes in the Mina Grande Norte zone, Bongará Zinc Mine project located in north-central Peru.

Drilling was focused on the eastern edge of the zone that was mined by the previous operator and west of the high-grade zinc-oxide mineralization outlined by the pit sampling, in part resampled by Zinc One, and historical drill data. High-grade intercepts included up to 39.6 metres of 37.0% zinc from MGN18010 and 14.4 metres of 40.5% zinc from MGN18012 . The drill program at Mina Grande Norte encountered multiple high-grade intercepts in the western sector and, along with the results from pit sampling, establish that the mineralization covers an area of approximately 175 metres in an east-west direction and 100 metres in a north-south direction.

Dr. Bill Williams, COO of Zinc One commented, “The numerous high zinc grades associated with the Mina Grande Norte zone are spectacular and exceed our overall expectations for thickness and grade along the western edge of the deposit. They delineated the aerial and vertical extent of the high-grade mineralization and will be an important contribution to the upcoming resource estimate. The drill results at Mina Grande Norte are very encouraging and reinforce the upside potential of the Bongara project overall.

Discussion of Results

Mina Grande Norte is a part of one of the three zones of high-grade, near-surface zinc-oxide mineralization along a 1.4 kilometre mineralized trend that was tested by this drill program, which consisted of 264 holes for 7,931 metres.

At Mina Grande Norte, earlier pit sampling did not establish the base of mineralization. As at Mina Chica, the lengthy intercepts of high-grade mineralization did not outcrop, further substantiating the untested exploration potential between these two areas.

The results from drill holes MGN18009 through 016 at Mina Grande Norte can be found below in Table 1. A detailed map titled “Drilling and Pit/Surface Sampling at Mina Grande Norte” can be found on the Company website at www.zincone.com.

Table 1: Mina Grande Norte Drill Results

Drill hole Easting* Northing* Azimuth Inclination Total depth From
(m)
To
(m)
Total
(m)
True vertical thickness (m) Zn (%)
MGN18009 171071 9368317 0 -90 39.50 2.1 19.5 17.4 17.4 31.4
MGN18010 171071 9368317 0 -45 46.50 3.7 43.3 39.6 28.0 37.0
MGN18011 171073 9368316 90 -45 21.00 9.0 13.5 4.5 3.2 20.0
MGN18012 171032 9368346 0 -90 25.50 3.0 17.4 14.4 14.4 40.5
MGN18013 171032 9368344 135 -45 25.50 0.0 3.7 3.7 2.6 24.8
MGN18013 15.0 18.0 3.0 2.1 41.8
MGN18014 171047 9368302 0 -90 19.50 No intercepts of interest
MGN18015 171047 9368303 0 -45 19.50 No intercepts of interest
MGN18016 171050 9368301 90 -45 20.00 20 7.1 7.1 5.0 24.8

*Preliminary coordinates; land survey pending.

Project Geology

The zinc mineralization at the Bongará Zinc Mine project is classified as a Mississippi Valley-type deposit and is mostly hosted by strongly dolomitized brecciated limestones that are stratabound. The mineralization can also occur as tabular bodies with irregular boundaries, which is a characteristic of that mineralization encountered along the periphery of breccias, especially at Mina Chica. Hydrozincite (zinc oxide mineral), smithsonite (zinc carbonate mineral), hemimorphite (zinc silicate mineral), and a zinc-aluminum-iron silicate are the primary zinc minerals that are hosted by soils, dolomitized breccias, heavily-weathered fractured and vuggy dolomitized limestones, and fine- to coarse-grained dolomitized limestones.

Sampling and Analytical Protocols

Zinc One follows a systematic and rigorous Quality Control/Quality Assurance program overseen by Dr. Bill Williams, COO and Director of Zinc One.

The sample from each core run is placed in a 60-centimetre long, plastic core box that has five columns. Core recovery, rock quality designation (“RQD”), and geologic features are logged and sample intervals, which are generally <2 metres, are chosen. Each core box is photographed and then sampled with a spatula, if soil or heavily-weathered rock, or cut with a core saw, 50% of which is placed in a sample bag and stored on site in a secure location. The Company independently inserts certified control standards, blanks, and duplicates, all of which comprise at least 20% of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until such time they are shipped to the CERTIMIN laboratory in Lima (ISO 9001 Certified) for preparation and assay. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This is followed by the ICP-AES analytical technique for 33 elements, including lead. The same method is used to assay zinc for values up to 20%. If zinc values exceed 20%, it is then analyzed using a titration method. The laboratory also inserts blanks and standards as well as including duplicate analyses.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Dr. Bill Williams, COO and Director of Zinc One, a qualified person as defined by NI 43-101.

About Zinc One Resources Inc.

Zinc One’s key assets are the Bongará Zinc Mine Project and the Charlotte-Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008 but was closed due to the global financial crisis and concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongará Project, which is over six kilometres to the NNW and where past drilling intercepted various near-surface zones with high-grade zinc as well.

Additional Information

Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: (604) 683-0911
Email: mhamm@zincone.com
www.zincone.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Project and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Spey Commences Exploration at Standfast-Wigwam Zinc Project

Vancouver, British Columbia–(Newsfile Corp. – November 5, 2018) –  Spey Resources Corp. (CSE: SPEY) (“Spey” or the “Company“) is pleased to announce that exploration work has begun on the Company’s Standfast-Wigwam Project 19km southeast of Revelstoke, B.C. With winter conditions fast approaching, the exploration campaign will be focused on surface and underground rock chip and channel sampling to locate and define higher grade portions of thickened-folded zones of conformable sulphide mineralization. Initial work will target westerly extensions of the main zone in proximity to the historic Gold and Sleeper adits.

To-date, approximately only two thirds of the 3km long mineralized zone has been sampled. The rock chip and channel sampling program is designed to enhance the geological understanding of the Project and will assist with the targeting for a diamond drill program scheduled for spring 2019.

Property History

The Standfast-Wigwam zinc-lead occurrence has been known since 1915. From 1924 to 1930, work conducted included geophysical surveys by Schlumberger Electrical Prospecting Co., 1,791 meters of diamond drilling in 28 holes, trenching and the completion of 1,969 meters of underground workings in 13 adits.

From 1960 to 1984, detailed mapping, sampling, road construction and diamond drilling of over 1,000 meters in more than 20 holes was carried out. This work was conducted by; Kennco Explorations, Cominco, Parmac Mines, Canex Aerial Exploration, Cyprus Anvil Mining and Metallgesellschaft Canada. Most of the original diamond drill hole data for the Standfast-Wigwam deposit has been lost. The only historical drill hole for which assays have been recorded is a 15.8 meter drill intercept (The true width of the mineralized zone is unknown) with a weighted average grade of 15.20% zinc and 9.87% lead (BC Ministry of Energy and Mines Property File #811182). The Qualified Person has been unable to verify the historical drill results referred to above and therefore the information cannot be relied upon.

Corporate Update

The Company also reports that it has secured the services of Mr. John Mirko as a Project Consultant to provide guidance to management with the oversight of this exploration program.

Marshall Farris, CEO of Spey Resources, states “John’s 40+ years of on the ground exploration, development and production experience in British Columbia is of great value to a junior exploration company like ours. His no-nonsense approach of getting the job done effectively and efficiently is as valuable as his knowledge of what works and what doesn’t from an economics standpoint. We are delighted to have him on the team.”

The Company has granted 140,000 incentive stock options to Mr. Mirko. The options are exercisable for a period of five years at an exercise price of $0.10 per common share. The incentive options were granted in accordance with the Company’s stock option plan.

The Company further reports that it is reviewing additional mineral projects for potential acquisition that would give its shareholders exposure to exceptional exploration opportunities.

On behalf of the Board of Directors of
SPEY RESOURCES CORP.

Marshall Farris
Marshall Farris, President and Chief Executive Officer

Alistair Waddell, a Consulting Geologist and Director of the Company and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mining Projects has reviewed and approved the technical disclosure in this news release.

For additional information on the Company or its Project, please visit the Company’s website: www.speyresources.ca or email: marshall@ascentafinance.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:

This news release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” ‘projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Information inferred from the interpretation of drilling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Spey’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Gossan Refines Drill Targets with Gravity Survey at Its Sturgeon Lake VMS Property

Winnipeg, Manitoba–(Newsfile Corp. – November 1, 2018) – Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has completed a detailed gravity survey over its highly prospective Sturgeon Lake East polymetallic VMS property in order to help delineate those areas with the greatest concentration of massive sulphides. The gravity survey was carried out in response to very encouraging results from a 4-hole drill program completed earlier in the year, which encountered wide intercepts of strongly altered rocks, and stringer, semi-massive and massive sulphides with anomalous copper and zinc values up to 0.46% Zn. The hydrothermal alterations encountered in the drill holes are similar to those at the Lyon Lake and Sturgeon Lake deposits, and along with ongoing geochemical studies indicate the area is highly prospective for economic VMS type deposits in two main target areas (A and D).

The gravity survey, conducted by MWH Geo-Surveys, defines several areas of high density rocks which are coincident with the previously defined VTEM, magnetic, and geochemical (Zn-Ag-Au) anomalies. The coincidence of the gravity anomalies with these previous surveys, known sulphide mineralization and favourable host rock geology, strongly suggests the presence of massive sulphide bodies.

The attached map shows the location and intensity of the gravity anomalies, along with Gossan’s 4 drill holes (red numbered holes), and the VTEM-geochem-gravity target areas A and D. In spite of the abundance of sulphides and alterations encountered in the first 4 holes, they clearly missed the main mass of possible sulphide material in all cases. A winter drill program of about 15 drill holes has been recommended to focus on the main target areas A and D as per attached map (yellow dashed holes).

The geology and alteration encountered during the 2018 winter drill program appears similar to that of the nearby historic Lyon Lake, Sturgeon Lake, Creek and Sub-Creek deposits. Each of the two drill holes (SLG-18-01A, SLG-18-04) was collared within a wide zone of alteration and sulphide mineralization, and require step-back drilling to test the full width of the zone, as well as along strike and deeper drilling to test the extent of the two target areas. The potential of these areas is reinforced by the current gravity survey. Drill holes 18-2 an 18-3 intersected a third target area with significant widths of intercalated sulphidic and graphitic tuffs with abundant pyrrhotite and anomalous zinc mineralization up to 0.29%. This third area also requires additional drilling to test an associated strong gravity anomaly, which was missed by holes 2 and 3.

Gossan management is strongly encouraged by the results of exploration carried out on their Sturgeon Lake property to date.

Gossan Resources Limited – Sturgeon Lake Property
Residual Gravity Survey

(Historic (2018) and Proposed Drill Holes)

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Figure 1: Residual Gravity Survey Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2380/40789_gossan_enhanced2.jpg

Gossan’s Sturgeon Lake Property, located in northwestern Ontario, lies directly along strike and to the east of six historic VMS deposits. Four distinct high-priority, multi-parameter volcanogenic massive sulphide (VMS) target areas have been identified on the property. Management believes its Sturgeon property has the potential to host a significant zinc-copper-silver-rich VMS deposit, similar to those mined from 1970 to 1991 in the Sturgeon Lake base-metal camp which accounted for approximately 18.7 million tonnes of ore, with average grades of 8.0% zinc, 1.1% copper, 0.8% lead, 120 g/t silver and 0.5 g/t gold (Franklin et al – 1995).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2380/40789_c557b83384aaabdf_003.jpg
Figure 2: Sturgeon Lake Regional Geology Map

To view an enhanced version of Figure 2, please visit:
http://www.gossan.ca/projects/pdf/SturgeonLakeRegionalGeology.pdf

Dr. Hamid Mumin P.Geo., Director of Gossan, Qualified Person under National Instrument 43-101 reviewed and approved the scientific and technical data presented in this press release.

Gossan would like to thank the Northern Ontario Heritage Fund and the Junior Exploration Assistance Program, administered by the Ontario Prospectors Association, for a funding rebate of $100,000 in support of Gossan’s Winter 2018 Sturgeon Lake Drill Program.

On November 9 & 10, 2018, Gossan will again have a Booth (#8) at the Edellmetall Precious Metals & Commodities Show held in Munich, Germany at the MVG Museum.

About Gossan

Gossan Resources Limited has a broadly diversified portfolio of multi-element properties prospective for hosting gold, platinum group elements and base metals, as well as specialty “green-battery metals”, vanadium, titanium, tantalum, lithium and chromium. Gossan also has a large deposit of high-purity, magnesium-rich dolomite, and holds a $100,000-per-annum advance and production royalty interest in a frac sand deposit. All of Gossan’s mineral exploration and development properties are located in Manitoba and Northwestern Ontario. The Company’s main focus is the exploration of its zinc-rich polymetallic Sturgeon Lake Property, located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario. The Company trades on the TSX Venture and the Frankfurt/Freiverkehr &Xetra Exchanges and currently has 33,630,400 common shares outstanding.

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 news release.

For further information please bookmark www.gossan.ca or contact:

Douglas Reeson, Chairman & CEO
Gossan Resources Limited
Tel: (416) 533-9664
E-mail: dreeson@gossan.ca

Kathy Ringland, Office Manager
Tel: (204) 943-1990

Vendetta Obtains Extension to the Pegmont Pre-Paid Royalty Payment to Earn 100% of Pegmont Lead-Zinc Project

Vancouver, British Columbia–(Newsfile Corp. – November 1, 2018) – Vendetta Mining Corp. (TSXV: VTT) (“Vendetta” or the “Company”) is pleased to announce the signing of an amendment to its agreement with the vendor of the Pegmont Project, Pegmont Mines Ltd. (“Vendor”).

To obtain 100% of the Pegmont Project the Company had to complete certain drilling milestones and make option payments and a pre-paid royalty payment, in doing so the Company would also obtain an AU$5,250,000 credit against future royalties.

To date, the Company has completed all necessary drilling requirements, work commitments and payments under the Option Agreement. The final AU$1 million option payment and the AU$3 million pre-payment of future royalties are due on November 6, 2018.

The Company will pay the Vendor the final AU$1 million cash option payment by the due date.

The Vendor has granted the Company an extension to the AU$3 Million payment, a pre-payment of future royalties from the Pegmont Project subject to certain additional payments as described below.

The Company is assessing several financing options for the pre-paid royalty, the extension provides time for that process to be completed, which includes in some cases, time needed for third parties to complete due diligence.

The Company and the Vendor will now seek indicative approval from the Queensland Minister for Natural Resources, Mines and Energy for transfer of the project to Vendetta.

Extension Terms

  • The Option is not exercised until the Pre-Paid Royalty and any additional payments, as defined below are made.
  • In the event the Pre-Paid Royalty is paid between November 1 and November 29, 2018 the Company will make an additional payment of AU$50,000 and the Companies credit against the future royalties will be reduced from AU$5,250,000 to $5,000,0000.
  • In the event the Pre-Paid Royalty is not paid by November 30, 2018 the Company will make a payment of AU$100,000 on December 1, 2019 and in doing so the Vendor has been granted an extension to March 31, 2019.
  • In the event the Pre-Paid Royalty is not paid by March 31, 2019, the Company will pay an additional AU$300,000 on April 1, 2019 and in doing do so the Vendor has granted an extension to May 6, 2019.
  • In the event the Pre-Paid Royalty is not paid by May 6, 2019, the Company will pay an additional AU$350,000 and the Companies credit against the future royalty will be reduced from AU$5,000,000 to $4,500,0000 and in doing do so the Vendor has granted an extension to November 6, 2019.

The Company would like to thank the Board of Pegmont Mines Ltd, and in particular Director and CEO Malcolm Mayger and Chairman John Armstrong for their continued support of the Company and its progress made advancing the Pegmont Lead-Zinc project towards production.

Vendetta’s CEO and President Michael Williams, stated: “we appreciate the flexibility that the extension provides. The spirit of the extension was to restore the original option agreement cash payments that were forgone by Pegmont Mines Ltd. in 2015 due to the difficult market conditions that prevailed at the time. Then as now, both parties understand the benefit of directing cash towards advancing the project which ultimately is to everyone’s advantage “.

About Pegmont

Pegmont is a stratiform, Broken Hill-Type deposit that outcrops with an overall shallow dip to the south east and is hosted in a magnetite-rich banded iron formation within high grade metamorphic rocks. The project consists of three granted mining leases and one exploration permit that cover an area of approximately 8,290 ha.

Pegmont is situated in the Mount Isa – McArthur Mineral Province, which hosts one of the world’s richest endowments of lead-zinc-silver mineralization, including several world-class lead-zinc-silver mines.

Pegmont is located 25 km west of South 32’s Cannington silver-lead-zinc operation, one of the world’s largest producers of lead and silver and 28 km north of Chinova Resources’ Osborne copper-gold operations. Pegmont is proximal to existing infrastructure including public roads, mine haul roads, rail, and a natural gas pipe line for power generation.

The Company is progressing a Preliminary Economic Assessment (“PEA”) of the Pegmont Project, which is contemplating a stand-alone operation, processing ore at a rate of 1 Mtpa, producing separate lead and zinc concentrates. The basis of the PEA is the updated Mineral Resource Estimate, with an effective date of July 31, 2018, see below.

July 2018 Mineral Resource Estimate (see notes for details)

Classification Material type Tonnes Pb Zn Ag
(kt) (%) (%) (g/t)
Indicated Transition 1,111 4.9 2.3 8
Sulphide 4,647 6.9 2.6 12
Total 5,758 6.5 2.6 11
Inferred Transition 1,829 5.2 2.0 7
Sulphide 6,447 5.1 3.1 9
Total 8,277 5.1 2.8 8

Notes on the above table:

  1. CIM Definition Standards (2014) were used to report the Mineral Resources.
  2. The Mineral Resource update has been prepared by independent qualified persons (“QPs”) J.M. Shannon P.Geo, D Nussipakynova P.Geo, M. Angus MAIG, P. Lebleu P.Eng, of AMC and A Riles MAIG, of Riles Integrated Resource Management Pty Ltd., and has an effective date of July 31, 2018.
  3. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of mineral resources will be converted to mineral reserves. Quantity and grades are estimates and are rounded to reflect the fact that the resource estimate is an approximation.
  4. Using drilling results up to April 15, 2018.
  5. Cut-off grade applied to the open pit Mineral Resources is 3% Pb+Zn and that applied to the underground is 5% Pb+Zn.
  6. Based on the following metal prices: US$0.95/lb for Pb, US$1.05/lb for Zn, and US$16.5/oz for silver.
  7. Exchange rate of US$0.75 : A$1.00
  8. Metallurgical recoveries vary by zone and material type as follows:
    • Lead to lead concentrate: from 80.6% to 91.3% for transition and 88.0% to 92.7% for sulphide.
    • Zinc to zinc concentrate: from 19.3% to 75.2% for transition and 61.8% to 78.5% for sulphide.
  1. Mineral Resource tonnages have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

About Vendetta Mining Corp.

Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a 100% interest by completing certain work requirements and making option and advance royalty payments. Additional information on the Company can be found at www.vendettaminingcorp.com

Qualified Person

Peter Voulgaris, MAIG, MAusIMM, a Director of Vendetta, is a non-independent Qualified Person as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this press release, and consents to the information provided in the form and context in which it appears.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams
President & CEO

Forward Looking Information

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements within this news release, other than statements of historical fact relating to Vendetta Mining Corp., are to be considered forward-looking statements with respect to the Company’s intentions for its Pegmont project in Queensland, Australia. Forward-looking statements include statements that are predictive in nature, are reliant on future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “significant”, “intends”, “targets”, “estimates”, “seeks”, attempts”, “assumes”, and other similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by Vendetta Mining Corp., are, by their nature, subject to inherent risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include: the interpretation of previous and current drill, further results from the 2018 drilling program, the accuracy of exploration results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the forgoing ability to finance further exploration, delays in the completion of exploration, delays in the completion of the updated Mineral Resource Estimate, the future prices of lead, zinc, and other metals, and general economic, market and/or business conditions. There can be no assurances that such statements and assumptions will prove accurate and, therefore, readers of this news release are advised to rely on their own evaluation of the information contained within. In addition to the assumptions herein, these assumptions include the assumptions described in Vendetta Mining Corp.’s Management’s Discussion and Analysis for the nine months ended February 28, 2018.

Although Vendetta Mining Corp. has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking statements, there may be other risks, uncertainties and other factors that cause future performance to differ from what is anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Vendetta Mining Corp. does not assume any obligation to update any forward-looking statements after the date on which such statements were made, except as required by applicable law.