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Vango Mining Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Mareast | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Vango Mining Ltd. announces an Exploration/Drilling Update report for its Mareast deposit at the Marymia project. Drilling results incl. 4m @ 11.0g/t Au from 81m. Gold exploration and development company Vango Mining Ltd (“Vango” or “the Compan | |
| 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 Ltd (“Vango” or “the Company”) is pleased to announce a further, very high‐grade, gold intersection from drilling at the Mareast prospect on its 100%‐owned Marymia Gold Project, 300km NE of Meekatharra in the Mid‐West region of WA (location, Figure 1). Mareast is located at the eastern end of the 5km structural/mineralisation corridor that links the very high‐grade Trident resource, through Marwest/Mars prospects, to the Mareast prospect (see plan of drill hole locations, Figure 2). Two additional drillholes for a total of 212m were recently completed to test for extensions of a previous exceptionally high‐grade gold intersection, in hole VMERC0025 (released 08 November 20191 ). The new high‐grade intersection comes from hole VMERC0027, below, and is situated down‐ dip from the previous intersection in VMERC0025 (also shown below) and occurs at or below the base of transitional oxidation. Open‐pit resource estimates for Mareast will now be finalised, and will be incorporated into a planned major resource upgrade for the entire Marymia Gold Project. These exceptional high‐grade intersections indicate potential for a very high‐grade shoot of gold mineralisation open down dip and down plunge (see cross section Figure 3), which may represent a target for future underground resources. Further drilling will now be planned to test for extensions of this new, very high‐grade shoot discovery. | |
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