2012-11-13 22:07:14 -
Toronto, Ontario CANADA, November 13, 2012 /FSC/ - Vendome Resources Corp. (VDR - TSX Venture),
Vendome management is pleased to announce that a 43-101 compliant technical report, prepared by Broad Oak Associates entitled "Technical Report on the Polymetallic Resources on the San Javier, La Diana, and San Miguel Properties, State of Guerrero, Mexico" (the "report") is available for review on the company's website www.vendomeresourcescorp.com.
Highlights of the report suggest that the mineralized polymetallic vein systems on the San Javier Property are related to regional scale structures that penetrate to great depth, and that it is probable that additional veins are present in proximity to other regional structures on and near the San Javier property. Furthermore, based on Aster satellite imagery
the apparent disposition of hydrothermal alteration and structure, the La Diana and San Miguel concessions may host mineralization similar to that at the San Javier property and consequently with it the possibility of multiple prospects and occurrences across the properties.
The report also concludes the character of the San Javier, La Diana and San Miguel projects are of sufficient merit to justify a two phase, $6 million (Cdn) exploration program over the next 12-24 months. The recommended program includes airborne geophysical surveying, regional mapping stream sediment sampling, and diamond drilling.
The next phase of exploration work at San Javier, as recommended in the report, is scheduled to begin before the New Year.
For more information, please contact:
Franz Kozich, CEO & President
Vendome Resources Corp.
T:(416) 708 6871
T:(647) 932 1604
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 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 Corporation's entry into an agreement in respect of the right to earn a 100% 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.
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Source: Vendome Resources Corp. (VDR-TSX-V)
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