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Vango Mining Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Cinnamon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 29-11-2018: Vango Mining Ltd. announces an Exploration/Drilling Update report for its Cinnamon deposit at the Marymia project. Drilling results incl. 18.0m @ 3.10g/t Au from 155m . Gold exploration and development company Vango Mining Limited (ASX:VAN) an | |
| 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) announces further broad and high-grade gold intersections from its recently completed extension drilling programme at the Cinnamon gold deposit, at the 100%‐owned Marymia Gold Project (“Marymia”, formerly the Plutonic Dome Gold Project) in the Mid-West region of Western Australia (See inset Figure 1 for location and Figure 5 for Marymia geology). Vango has completed a highly successful, targeted, two hole diamond drill programme at Cinnamon (see Figure 1 for drillhole locations), designed to test down-plunge extensions of broad and high-grade gold zones (see longitudinal projection Figure 2) associated with a plunging flexure in the conglomerate hosted mineralised structure (see cross section Figure 3). Assay results from the first hole, VBGRCD0003, have been received and confirm the presence of a broad zone of high-grade gold mineralisation, down-plunge from previous drilling intersections and open down-plunge to the west These latest high-grade gold intersections at Cinnamon are highly significant to the Company’s exploration and development strategy at the Marymia Project, which aims to build a substantial resource inventory for processing at a proposed stand-alone gold mining and processing operation. Significant gold mineralisation has been discovered at Cinnamon, and the nearby Budgie and Cobalt prospects, which all sit within a 2.4km strike length corridor over the Cinnamon conglomerate. These prospects have potential to add to the Project’s resources and have further discovery potential along strike which will be targeted over the coming months. The latest intersections at Cinnamon are the most extensive zone of mineralisation found on this crosssection to date and represent the down plunge extensions of existing high-grade zones previously intersected to the east (see Figure 2). The second hole of the programme (VBGRCD0004) has been drilled down dip on this cross-section to further define the geometry, extent and plunge of this zone of gold mineralisation, and has also intersected targeted mineralisation. Assay results are pending. | |
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