- Vango Mining (VAN) is planning to include results from last year’s drilling program to upgrade the resource at its Marymia Gold Project in WA
- Last year, the miner completed 20,000 metres of drilling which extended gold mineralisation along strike and at depth across three gold corridors
- Drilling resulted in exceptionally high-grades which will be incorporated into an updated resource model which is planned to be delivered this year
- Vango will undertake another round of drilling, focusing on 10 open-pit targets as well as extension drilling at the Trident corridor
- Vango’s shares are up 13.8 per cent and trading at 9.1 cents
Vango Mining (VAN) has provided an update on its Marymia Gold Project in WA and its exploration plans for 2021.
Vango completed a 20,000-metre reverse circulation (RC) and diamond drilling program at Marymia at the end of last year.
This drilling successfully extended gold mineralisation along strike and at depth at three major gold corridors within the project. These corridors include Trident, PHB and Triple-P.
Drilling at the Trident corridor aimed to extend mineralisation outside the existing resource which has been extended by 250 metres northeast and 200 metres down-dip.
Best results include nine metres at 26.2g/t gold from 137 metres including two metres at 102.2g/t gold from 139 metres and 11 metres at 36.2g/t gold from 213 metres including two metres at 184g/t gold.
At PHB, drilling tested high-grade extensions at the main, central and west lodes. Pleasingly, drilling at this corridor results in a new high-grade discovery below the K1 open-pit.
Best results include seven metres at 103.6g/t gold from 48 metres including three metres at 240g/t gold and one metre at 691g/t gold.
The Triple-P corridor also yielded high-grade results including four metres at 23g/t gold from 109 metres including one metre at 85g/t gold, and 14 metres at 6.99g/t gold from 48 metres including two metres at 28.3g/t gold.
Vango Mining is using the results to fine-tune Marymia’s resource model ahead of a resource upgrade planned for this year. The results will also support ongoing mining studies.
Additionally, the company will conduct another round of drilling focussed on 10 open-pit targets that aren’t yet part of the Marymia JORC 2012 resource, as well as extension drilling at Trident.
Vango’s shares are up 13.8 per cent and trading at 9.1 cents at 2:58 pm AEDT.