Vango’s Marymia Gold Project cracks one million ounce mark
Vango Mining Limited (ASX:VAN) has released a Global Mineral Resource at the Marymia Gold Project that has been significantly upgraded, now standing at 1 million ounces at a grade of 3 g/t gold.
Importantly, there is now added certainty given that the Indicated Resource category makes up 66% of the overall Mineral Resource.
As illustrated below, the Marymia Gold Project is in the hub of gold territory, 300 kilometres north-east of Meekatharra in the Mid-West region of Western Australia.
Underlining the project’s high profile as an emerging development, Vango chairman, Bruce McInnes, said, ‘’The significant size of the resource, the high proportion in the Indicated Resource category and the relatively high-grade reaffirms the Marymia Gold Project as one of the most significant undeveloped gold projects in Australia.
“Marymia continues to deliver high-grade, high-quality resource ounces at relatively shallow depth, offering potential for a naturally flexible and therefore lower risk operation, in close proximity to existing infrastructure, including an established camp and access roads.”
Scope for further resource expansion
The new Mineral Resources are predominantly from just three of six identified gold mineralisation corridors, Trident, Triple P and PHB.
Each of these is similar in scale to the nearby Plutonic gold deposit, but still only tested to shallow depths.
Management has gained a detailed understanding of the geology and mineralisation controls at Marymia since the commencement of its systematic drilling campaigns in 2017.
This has led to the development of a predictive exploration model to be applied to continued drilling programmes that are designed to further expand the Marymia high-grade resource base.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
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.
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.