VANO MINI ASX Announcement
9 June 2022
Vango to Commence Next Phase of Marymia Gold only
Project Drilling
Drilling to target depth and strike extensions at key targets
Highlights
- Vango Mining is to commence its next phase of drilling at its flagship Marymia use Gold Project next month
- Drilling will target extensions to defined gold mineralisation along strike and at depth for 4 priority targets - Triple P, Mareast, Apex and Salmon area
- Program is planned to consist of 5,140m of RC drilling in 25 holes:
personal | o Triple P: 2,500m in 9 holes |
o Mareast: 800m in 8 holes | |
o Apex: 640m in 4 holes | |
o Salmon area: 1,200m in 4 holes
• Results will be progressively released when available
• Vango plans to release a Resource upgrade this month for the Marymia Project
Vango Mining Limited (Vango, ASX: VAN) ("Vango" or "Company") is pleased to announce details of its next phase of drilling at the Company's flagship Marymia Gold Project (Marymia, the Project) in the Mid-West region of Western Australia (Figure 1).
Vango is focused on exploring and developing the Marymia Project into a significant gold mining and roduction operation. Its near-term objective is to expand the Project's high-grade resource base to support its development plans, and a Resource upgrade is planned to be released by the end of the
June quarter, 2022.
ForThe Company is now preparing to commence its next phase of drilling at Marymia. This program will consist of targeted drilling at four priority targets, Triple P, Mareast, Apex and Salmon areas. Drilling is designed to test for strike and depth extensions of existing gold mineralisation at these key targets, and potentially add further ounces to the Marymia Resource.
This phase of drilling will consist of an initial 5,140 metres of reverse circulation (RC) drilling in 25 holes. Drilling is expected to commence next month, and results will be progressively released as they become available.
Vango Mining Ltd | Issued Capital | Australian Registered Office | Directors |
ABN: 68 108 737 711 | 1,259,937,632 Shares | Suite 3542, Level 35, Tower 1 | BRUCE MCINNES - Executive Chairman |
ASX: VAN | 115,864,406 Options | Barangaroo International Towers | SEAN ZHOU - Deputy Chairman - Non-Executive Director |
100 Barangaroo Avenue | HUNTER GUO - Non-Executive Director | ||
Sydney NSW 2000 AUSTRALIA | The Hon CRAIG WALLACE - Non-Executive Director | ||
Dr CAROL ZHANG - Non-Executive Director |
www.vangomining.com
For personal use only
Figure 1: Marymia Gold Project location map showing the four target areas for next phase of drilling
www.vangomining.com | 2 |
Triple P
Triple P is one of three key gold corridors at the Marymia Project where drilling has confirmed JORC Mineral Resources - along with the Trident and PHB gold corridors (Figure 1).
The overall strike length of the current resource area is 500m-600m. Vango plans to test for | |
extensions to gold mineralisation, approximately 150m down dip from the existing Resource and | |
400m along strike of the Resource. | |
The Company plans to drill approximately 2,500m of RC drilling in 7 holes at the B Zone area and 2 | |
only | |
holes at the Triple P Main Zone (Figure 2). Drilling will be broad spaced, 80m and 100-200m down | |
dip, which would then be subject to further (infill) drilling, subject to successful results. | |
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For | Figure 2: Proposed drillhole locations at Triple P target |
www.vangomining.com | 3 |
Mareast
Mareast is a key exploration target within the Marymia Project area. It is located adjacent to the 'crown jewels' Trident Gold Deposit and the Marwest/Mars target (Figure 1).
Vango is of the view that gold mineralisation at Trident may extend to the north towards Marwest/Mars (Figure 1).
The planned holes at Mareast will target a potential new mafic/ultramafic zone parallel to the | |
existing Trident-Marwest-Mareast mineralised zone. Eight holes (to depths of 100m per hole) for a | |
onlytotal of 800m are planned (Figure 3) in an area where previous aircore drilling has identified gold | |
anomalies. | |
personal use | |
For | Figure 3: Proposed drillhole locations at Mareast target |
www.vangomining.com | 4 |
Apex
The Apex target is located in the north-east of the Marymia Project area (Figure 1) and represents onlyanother priority area in the Company's upcoming drilling program.
Drilling at Apex will follow up previous narrow gold intersections, with four deeper 'scissored holes' each to a depth of approximately 160m, for a total of 640m of drilling (Figure 4).
usepersonal
For | Figure 4: Proposed drillhole locations at Apex target |
www.vangomining.com | 5 |
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Vango Mining Limited published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 23:41:07 UTC.
