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Vango Mining Ltd.
Summary
| Project: | Plutonic Dome | |
|---|---|---|
| Deposit: | Cinnamon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 13-9-2018: Vango Mining Ltd. announces an Exploration/Drilling Update report for its Cinnamon deposit at the Plutonic Dome project. Drilling results incl. 19.0m @ 3.04g/t Au from 74m . Gold exploration and development company, Vango Mining Limited (ASX:VA | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Jenkins (Terra Search Pty Ltd.) | |
| ABSTRACT: | Gold exploration and development company, Vango Mining Limited (ASX:VAN), today announces broad, high-grade, gold intersections from its initial drilling programme at the Cinnamon gold deposit, at the 100%‐owned Plutonic Dome Gold Project (“Plutonic Dome”) in the Mid-West region of Western Australia (See inset Figure 1 for location and Figure 5 for Plutonic Dome geology). This initial diamond drilling programme was designed to test and extend existing gold mineralised zones and provide geological information to characterise and identify the potential controls on the mineralised system. This initial programme of two diamond drill-holes, for 600m of drilling, was completed early this month. The diamond drilling has successfully confirmed the high-grade mineralisation at Cinnamon that extends for 2.4km to the northeast in the direction of the Cobalt prospect. Significant gold has been identified at the Cinnamon, Budgie and Cobalt prospects along this 2.4km strike (see Figure 1). Further drilling is planned to better define and extend the Cinnamon gold mineralised zones and target further discoveries along the strike of the conglomerate, and to further enhance Cinnamon’s potential as a near-term development asset. Drill-hole VBGRCD0001 intersected several, separate, mineralisation zones including an upper intersection of 10m @ 2.69 g/t Au, that contains a post-mineralisation dolerite intrusive which has likely reduced the average grade of this zone, and a lower zone that includes two intersections separated by subgrade material of 2m @ 20.78 g/t Au from 164m and 4m @ 3.14 g/t Au from 179m. Drill-hole VBGRCD0002 produced a broad and high-grade gold intersection from the upper zone, of 19m @ 3.04 g/t Au from 74m incl. 10m @ 4.06 g/t Au, and several gold anomalous zones deeper in the hole (Table 2). The gold mineralisation is associated with shearing within the chlorite-biotite altered matrix of a conglomerate unit. The conglomerate mostly consists of granodioritic clasts within the mafic dominant matrix. These two diamond drill-holes have confirmed the general location of higher gold-grades as previously indicated by reverse circulation (RC) drilling in oxide-transition and fresh material. The drilling also confirms the presence of high-grade shoots of gold mineralisation within a lowergrade envelope in both the upper and lower zones. The mineralised structures appear to be more steeply dipping in the primary zone than previously interpreted from RC drilling (see cross sections Figures 3 and 4). | |
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