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Vanity Capital Inc
Symbol VYC
Shares Issued 9,605,265
Close 2017-06-23 C$ 0.35
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Vanity to begin drilling Phillips claims this week

2017-06-27 19:55 ET - News Release

Mr. Harry Miller reports


Vanity Capital Inc.'s short drilling program on Phillips township claims located in the Kenora mining district is slated to begin this week after having received approval from first nations and the Ministry of Mines in Ontario. See news release dated Feb. 15, 2017, for terms of the option agreement, as well as company-owned staked claims. A chip/grab sampling program conducted during May consisting of 58 samples returned gold values save for three. The best values were reassayed for total metallics content, and they were:

  • Combined prospect sampling: No. 747425 returned 49.6 grams per tonne and No. 747428 14.0 grams per tonne;
  • Mascotte showing sampling: No. 747421 returned 69.7 grams per tonne and No. 747422 11.7 grams per tonne;
  • Young's Bay twin vein prospect sampling: No. 747445 returned 12.15 grams per tonne, No. 854607 47.1 grams per tonne, No. 854608 13.35 grams per tonne and No. 854609 45.6 grams per tonne.

For this program, the combined prospect will be the focus of the initial drilling program. The combined prospect was first discovered and drilled in 1903, and government files show that a 65-ton bulk sample was tested at that time returning a combined assay of 0.30 ounce per ton with a resource of 240,000 tons resulting in a non-compliant resource of 75,000 ounces.

The drill program consisting of eight holes will test to verify the above historical finding, as well as determining the existence of parallel or stacked veins of the flat-lying quartz structure.

The press release has been reviewed and verified by John C. Archibald, PGeo, the qualified person, vice-president of exploration for Vanity Capital.

About Vanity Capital Inc.

Vanity's main mineral exploration property is its Porcupine property located in the Duparquet township area of Quebec, which it has optioned from Iamgold Corp. The Porcupine property consists of 10 contiguous patented claims covering approximately 153 hectares. Vanity also has recently acquired property in Kenora. Vanity is reviewing other potential property acquisitions and opportunities with a specific focus on mineral properties in Quebec and Ontario.

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