MINERALS EXPLORATION &
Vangold Resources is a Canadian-based mining company focused on the operation, development and acquisition of precious metal projects. The Company’s growth strategy is to acquire high-quality mineral resource assets in Mexico. We are committed to bring El Pinguico Silver /Gold mine back into production in 2017 and expand the reserve. It is Management’s goal to become a premier silver mining company.
CEO & Director
He is on the Board of Directors at Griffin Mining Ltd. (LSE:GFM). Mr. Brynelsen was previously employed as Chairman, President & Chief Executive Officer by Vanoil Energy Ltd., an Independent Director by IBC Advanced Alloys Corp., Non-Executive Chairman by Coppermoly Ltd., and Director & Vice President by Ikona Gear International, Inc. He also served on the board at International Beryllium Corp., Green Park Capital Corp. and Janina Resources Ltd. He received his undergraduate degree from the University of British Columbia.
Michael is Chariman and CEO of NEMI (Northern Energy and Mining Inc.), was a market maker on Chicago Board of Options for 20 years and currently operates a private investment fund. Mr. Cooney obtained a Bachelor of Science in Mechanical Engineering from University of Michigan in 1984 and BA in Physics from Kalamazoo College, Michigan in 1983.
The Pingüico mine consists in 2 mining claims (71 has). The mine is located 4.5 km from the city of Guanajuato, and just 2.5 km South from “Las Torres” mill, owned by the International Fresnillo PLC
•El Pingüico Claim 48 has
•2da. Ampliación El Pingüico 23 has
The ore resource of the Pingüico mine consists in:
•Surface Stockpile 211,000 tonnes 0.45 grs Au / 67 grs Ag
•Underground Ore (Certified) 150,000 tonnes 1.66 grs Au / 167 grs Ag
•Underground Ore (to be certified) 170,000 tonnes 1.66 grs Au / 167 grs Ag
The Pingüico mine was one of the richest gold and silver mine at the beginning of the 20th Century. This claims were operated by The Pingüico Mines Company, with grades over 50 grs of gold and 700 grs of Silver. The operation use to have a mill plant with a capacity of 250 tpd, one of the biggest production rates for that time.
•The Pingüico vein is an extension of the Veta Madre vein.
•The Pingüico mine has been mined along the 2.1 km of it extension, and 400 metres below surface.
•The ore pockets of El Pingüico mine are allocated in the horizontal trend, which is typical of the sulphide ore.
•The ore presents mineralization of white quartz and crystalline, calcite and rhyolitic breccia. The vein ore are native gold and silver and silver sulphides, galena, pyrite and chalcopyrite.
There are 2 different areas of potential in the Pingüico mine:
•Pingüico lower areas and Pingüico vein extension,
•Veta Madre vein.
•The lower areas of El Pingüico vein have been developed by the old timers, but unfortunately, there is no access to these levels to check and confirm the resource in that area. A geological and recognition campaign is needed to confirm the ore resource in the lower areas.
Vangold Resources arranges $500,000 private placement
Vangold Resources Ltd.
1400-1111 West Georgia St
Vancouver, British Columbia