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Vango Mining Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Marymia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-5-2020: Vango Mining Ltd. announces a Resource Estimation report for its Marymia deposit at the Marymia project. Updated Mineral Resource Estimate for Project. Vango Mining Limited (Vango, ASX:VAN) is pleased to announce that the Global Mineral Resourc | |
| Resources: | (Resources, I+I): 10.384Mt @ 3.0g/t Au (1Moz Au) | |
| CP/QP: | [Resource]: Spero Carras (Carras Mining Pty Ltd.) | |
| ABSTRACT: | Vango Mining Limited (Vango, ASX:VAN) is pleased to announce that the Global Mineral Resource at the Marymia Gold Project has been significantly upgraded and now stands at one million ounces at a grade of 3 grams per tonne gold. Importantly, the Indicated Resource category now makes up 66% of the overall Mineral Resource. The Company’s 100%-owned Marymia Gold Project is located 300km northeast of Meekatharra in the Mid-West region of Western Australia (Figure 1). Vango Chairman, Bruce McInnes, said that 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,” Mr McInnes said. | |
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