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Vango Mining Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | PHB-1 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-3-2020: Vango Mining Ltd. announces an Exploration/Drilling Update report for its PHB-1 deposit at the Marymia project. Driling results incl. 7m @ 103.6g/t Au from 48m. Gold exploration and development company Vango Mining Ltd (“Vango” or “the Company”, | |
| 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”, ASX:VAN) is pleased to announce outstanding drilling results from the PHB-1 area on its 100%-owned Marymia Gold Project, 300km northeast of Meekatharra in the Mid-West region of WA (Figure 1). The PHB-1 area is located northeast of the previously mined K2 open-pit (Figure 2), where previous drilling has focussed on a narrow mineralised corridor, though little testing has been conducted below 100m from surface. Drillhole VK2RC0007 targeted extensions of the Main Lode structure based on a new, shallow plunge, interpretation of the gold mineralised zones. Key intersections (refer cross section, Figure 3) include: The relatively shallow Eastern Lode intersection may represent a new discovery that is open to the northeast, southeast and at depth. Further drilling is being planned to define the potential extent of this high-grade lode structure. Significant intersections were also produced from the West Lode structure, including 5m @ 5.31 g/t Au from 176m, including 2m @ 7.18 g/t Au in VK2RCD0004. This intersection is at the base of a reverse circulation (RC) pre-collar hole with diamond core results from the remainder of the drillhole to come | |
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