Vendetta Mining Corp. (TSX-V: VTT) engages in the acquisition and exploration of mineral properties. The company owns a 100% interest in the Honeymoon East property comprising of 18 contiguous mineral tenures covering an area of 4,641.56 hectares located south of the community of Clearwater in south-central British Columbia. It was formerly known as Azincourt Resources Inc. and changed its name to Vendetta Mining Corp. in July 2010. SNNLive spoke with Michael Williams, President and CEO of Vendetta Mining Corp. at the New Orleans Investment Conference 2014.
Mr. Williams begins with an overview of the company, “Vendetta is a TSX-listed company, TSX-Venture VTT is the symbol as you mentioned. We’re currently looking for lead-zinc in Australia in the Mount Isa mining district and we currently have a deposit called Pegmont which is 5 million tons of 9% lead-zinc which we’re currently drilling, which we think we need to bring to the point where we have 15 million tons and then we could potentially have an economic ore body at that time.”
He believes that the supply of zinc is shrinking, but the necessity for zinc is going to lead to higher prices, “Zinc has always been one of those secondary metals, you know the first thing we think of generally is copper, gold and silver but zinc is used in galvanizing, it’s an important metal.” He adds that many zinc mines have shut down or are in the process of shutting down, such as Century in Australia which supplies 50% of the world’s zinc supply. Mr. Williams states that the problem with zinc companies is that there’s too few of them, “it’s very difficult to put a zinc mine into production so it can be anywhere from five million dollars up to, you know half-a-billion for some of the producers if not higher.” For more information, check out their website: www.VendettaMiningCorp.com
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