Vango continues its golden run

By Jonathan Jackson. Published at Jan 30, 2020, in Mining

Vango Mining (ASX:VAN) has this morning announced a further high-grade, gold intersection from drilling at its Mareast prospect at its 100% owned Marymia Gold Project.

To recap, Vango owns 100% of 45 granted mining leases covering over 80% — or more than 40 kilometres of strike — of the world-class Marymia Belt in the mid-west region of WA and include six major gold corridors extending from Superior Gold Inc.’s multi-million ounce Plutonic Mine (5.5Moz gold).

Marymia Gold Project, Mareast Prospect in Trident‐Marwest‐Mareast Corridor

It has been a busy month for Vango. In early January, the company announced “Bonanza” gold intersections, that supported its focus on growing its high-grade gold resource base at the project and developing a significant stand-alone gold mine.

Read: Exceptional Bonanza gold intersections revealed at Vango’s Marymia Project

The gold exploration and development company followed its great start to the year, with positive drilling results from the Albatross and Flamingo prospects, which confirmed the exceptional, high‐grade open‐pit resource potential of the Albatross and Flamingo prospects.

Today’s news continues the positive trend of excellent results, this time at Mareast which highlights larger scale high‐grade discovery potential within the 5km Trident‐Mareast corridor. Notably, it remains open down dip and down plunge to the North east.

Highlights include:

  • 4m @ 11.0g/t Au from 81m, including 1m @3 4.5g/t Au (>1oz/t) in VMERC0027. This new intersection is in addition to the previously released intersection
  • 10m @ 22.6g/t Au from 50m including 6m @ 33.3g/t Au in VMERC0025
Mareast Prospect with drillhole locations and key intersections.
Mareast Prospect with drillhole locations and key intersections.

Open pit resource estimates for Mareast will now be finalised and incorporated into a planned major resource upgrade for the entire Marymia Gold Project.

Deeper drilling is planned to test for underground resource potential, with Vango receiving funding through the Exploration Incentive Scheme (EIS) of the West Australian Government to see this through.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

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