🕐02.02.12 - 14:27 Uhr
VENDOME RESOURCES CORP.
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Vendome Resources Corp
February 02, 2012
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Vendome Provides Additional High Grade Results from the San Javier Mine Stockwork
Vein System (Mexico)
TORONTO, ONTARIO--(Marketwire - Feb.
1, 2012) - Vendome Resources Corp.
(TSX VENTURE:VDR)(FRANKFURT:9VR)
("Vendome" or the "Company") is pleased to announce additional high grade grab samples
from the San Javier Mine property (the "property") located within the municipality
of Malinaltepec, State of Guerrero, Mexico.
On December 5 and 6, 2011 a qualified person collected grab samples from several
veins located distally from the main adit portal 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.
Results of the analysis are
as follows:
San Javier Property December 2011 Chip Sampling Results
Sample
#
Easting
(UTM)
Northing
(UTM)
Silver
(g/tonne)
Lead
(%)
Zinc
(%)
Distance
From
Adit
(m)
BOA 10
540870
1895329
1,277
2.39
2.51
497
BOA 11
541071
1895459
242
1.77
0.15
680
BOA 12
541268
1895447
49.7
0.19
0.06
771
BOA 13
540667
1894934
1,384
0.46
0.01
165
BOA 14
541020
1894903
38.4
0.57
1.48
231
BOA 15
540643
1894513
105
1.69
0.01
361
BOA 16
540664
1894550
657
7.32
4.18
322
BOA 17
541300
1895362
54.1
1.4
0.52
727
WGS 84, Zone 14 Q - adit portal located at 541100 E, 1899377N
These results have considerably expanded the known areal extent of the propertys
stockwork vein system, as reported in Vendomes previous news release dated January
23, 2012.
Apart from the presence of galena and sphalerite, Vendome field staff
have noted that the higher values of silver, lead and zinc obtained in laboratory
analyses tend to be directly related to vein samples containing high concentrations
of pyrite and arsenopyrite.
Vendome management is extremely encouraged by these
new results in that new distal stockwork vein exposures located through prospecting
continue to yield high grade silver, lead and zinc values.
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 3,000,000 common shares over a two year period, and incurring
$3,000,000 in exploration expenditures over a three year period.
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.
This news release contains certain "forward-looking statements".
All statements,
other than statements of historical fact that address activities, events or developments
that the Corporation believes, expects or anticipates will or may occur in the future
are forward looking statements.
These forward-looking statements reflect the current
expectations or beliefs of the Corporation based on information currently available
to the Corporation.
Such forward-looking statements include, among other things,
statements relating to the Corporations entry into an agreement in respect of
the right to earn a 50% undivided interest in the Property and the proposed terms
thereof.
Forward-looking statements are subject to significant risks and uncertainties
and other factors that could cause the actual results to differ materially from
those discussed in the forward-looking statements, and even if such actual results
are realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on the Corporation.
Factors that
could cause actual results or events to differ materially from current expectations
include, but are not limited to: the failure to acquire an interest in the Property,
or the right to earn an interest in the Property, on the terms currently proposed
or at all; the failure to obtain any required regulatory or stock exchange approvals
and other factors.
Any forward-looking statement speaks only as of the date on which
it is made and, except as may be required by applicable securities laws, the Corporation
disclaims any intent or obligation to update any forward-looking statement, whether
as a result of new information, future events or results or otherwise.
Although
the Corporation believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein.
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.
.
Contact Information:
Vendome Resources Corp.
Franz Kozich
CEO
(416) 708 6871 or (647) 932 1604
[mailto:?]
www.vendomeresourcescorp.com
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Vendome Resources Corp | 133 Richmond Street West, Suite 403 | Toronto | Ontario | M5H 2L3 | Canada