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Vango Mining Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Albatross-Flamingo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-1-2020: Vango Mining Ltd. announces an Exploration/Drilling Update report for its Albatross-Flamingo deposit at the Marymia project. Drilling results incl. 19m @ 16.8g/t Au from 81m. Gold exploration and development company Vango Mining Limited (“Vango” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathon Dugdale (Discover Resource Services Pty Ltd.) | |
| ABSTRACT: | Gold exploration and development company Vango Mining Limited (“Vango” or “the Company”) is pleased to announce exceptional “Bonanza” gold intersections from a new, very high‐grade, gold zone at the Albatross‐Flamingo target, at its 100%‐owned Marymia Gold Project, 300km northeast of Meekatharra in the Mid‐West region of Western Australia (see location Figure 1). These exceptional gold intersections are from drill hole VAFRC0001, the first of 11 completed, wide‐spaced, reverse circulation (RC) drillholes for 1,852 metres (Table 2) below the Albatross and Flamingo historical open‐pits (see Figure 2 for locations and geology). The exceptionally high‐grade nature of these results, at relatively shallow depths, provide a strong indicator of the open‐pit potential of Albatross‐Flamingo, which Vango will now assess as a priority in its ongoing mine planning. The ability to mine via open‐pit has the potential to deliver substantial cost savings relative to an underground operation in any potential future gold mining operation at Albatross‐Flamingo. The exceptionally high‐grade intersections in VAFRC0001 are associated with quartz‐sulphide mineralisation in thrusted mafic rocks, close to the contact with the overlying sedimentary rocks that host the bulk of the gold mineralisation previously mined in the shallow Albatross and Flamingo open pits above (see cross section Figure 3). These mafic host rocks may be a repeat of the thrusted Mine‐Mafics that host the Triple‐P and Zone‐B high‐grade gold mineralisation 1km to the north‐east (see plan Figure 3) and are interpreted to have been periodically thrusted to a shallower position by steeply dipping and mineralised fault structures across a >3km zone from Triple‐P to the Exocet pit. | |
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