- Vango Mining (VAN) has received high-grade results from drilling at the PHB Corridor at its Marymia Gold Project in WA
- The latest results account for the first three of 11 reverse circulation (RC) holes and represent a potential new lode discovery at the K1 prospect
- Drilling at K1 resulted in gold grades of up to 23.8 grams per tonne
- Drilling at the PHB-1 prospect also returned high-grades with gold grading up to 12.61 grams per tonne
- Vango is continuing its drilling program and while it waits for assays from five holes at PHB-1 and eight holes from K1
- Company shares closed two per cent in the red to trade for 9.8 cents
Vango Mining (VAN) has received high-grade results from drilling at the PHB Corridor at its wholly-owned Marymia Gold Project.
The project is located 300 kilometres northeast of Meekatharra in Western Australia.
The latest results account for the first three of 11 reverse circulation (RC) holes and represent a potential new lode discovery at the K1 prospect.
This new lode occurs in the footwall of the Main Lode target below the K1 open-pit.
Best results from K1 include six metres at 8.66g/t gold including two metres at 23.8g/t gold from 128 metres, four metres at 3.12g/t gold including one metre at 9.34g/t gold from 90 metres and three metres at 4.49g/t gold including two metres at 6.73g/t gold from 105 metres.
“These intersections are potentially highly significant, being the first holes to test for high-grade depth extensions of the K1 gold zones. The results are open to the southwest and may well link up with the lode extensions that we’ve intersected at PHB-1, extending the PHB corridor to over three kilometres,” Managing Director Andrew Stocks said.
Additionally, drilling intersected high-grade gold at three key lode extensions at PHB-1.
Results include three metres at 5.93g/t gold including one metre at 12.36g/t gold from 117 metres at Central Lode, four metres at 3.83g/t gold including one metre at 12.61g/t gold from 209 metres at West Lode and three metres at 3.90g/t gold including one metre at 9.94g/t gold from 131 metres at Main Lode.
The company believes the results indicate a potential link the high-grade gold mineralisation from the PHB-1 to the K1 prospect over a three-kilometre strike length.
Following up drilling will be advanced to define high-grade resource extensions and test the PHB Corridor’s potential. Currently, drilling is targeting the Trident Corridor and is testing extensions to the Mareast and Mars high-grade zones.
Results from the remaining five diamond holes at PHB-1 and eight RC holes from K1 are pending.
Company shares closed two per cent in the red to trade for 9.8 cents.