Vango Mining Ltd’s (ASX:VAN) non-executive director Yan Chao Guo has shown support for the company’s exploration strategy across its Marymia Gold Project with on-market purchases.
Between December 29 and 31, Guo acquired 1,523,568 shares at $0.062 per share in a direct interest, taking his total securities in that interest to 98,053,706 with another 64,585,548 held in an indirect interest.
At Marymia, the company recently hit a bonanza-grade intersection at the Trident Extension zone of 9 metres at 26.2 g/t gold from 137 metres, including 2 metres at 102.2 g/t from 139 metres.
Bonanza gold zone
This intersection represents a significant zone of mineralisation a further 250 metres to the northeast of the previously announced Trident resource of 410,000 ounces at 8 g/t.
The company believes the results could highlight the potential for a contiguous mineralised zone from Marwest/Mars deposit and Trident.
Vango remains on track to deliver a substantial resource upgrade at the Marymia Project in the first half of this year.