Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Gold & silver

Vango Mining hits further high-grade gold at Marymia Open pits

The company will now conduct follow-up, second-phase drilling at targets that have delivered positive results from the completed first round of drilling, to test for further extensions of gold mineralisation to add to the Marymia resource b

Vango Mining Ltd (ASX:VAN) has intersected further high-grade gold from its extensive first-phase open-pit focused drilling campaign at the Marymia Gold Project in Western Australia.

The latest results are from the Redfin, Speckled and Kookaburra open-pit targets, and include further high-grade gold results at the Redfin open-pit including 3 metres at 5.8g/t gold from 126 metres, including 1 metre at 12.2 g/t gold from 127 metres.

Notably, these results appear to be controlled by a major shear that has not been well tested by the previous drilling.

Looking ahead, this complements Vango’s previous results from the first eight open-pits, which have extended unmined mineralised gold zones at depth at each pit and has already resulted in further drilling at the Skyhawk and Parrot open-pits with results pending.

Drilling results

Vango’s results from these holes showed the continuity of a strong gold zone that broadly follows an interpreted mineralised structure following the contact between sediments and mafic packages including:

  • 3 metres at 5.8g/t gold from 126 metres including 1 metre at 12.2 g/t from 127 metres (Redfin);
  • 1 metre at 0.6 g/t from 64 metres (Speckled); and
  • 3 metres at 1.2 g/t from 59 metres (Kookaburra)

Results from this drilling will significantly enhance the understanding of the primary zone and the controls on the high-grade mineralisation at Redfin.

Forward plan

Vango targeted 11 priority open-pits in an extensive open-pit focused drilling campaign in 2021.

Drilling was designed to add resources to the substantial existing Marymia resource base and to assist in delivering ‘critical mass’ to Marymia’s resource base to support a proposed stand-alone mining operation at the project.

The first phase of drilling in all 11 open pits has now been completed and consisted of 8,914 metres of RC drilling across 56 holes.

Vango will now conduct follow-up, second phase drilling at targets that have delivered positive results from the completed first round of drilling, to test for further extensions of gold mineralisation to add to the Marymia resource base.

Second-phase drilling is already complete at the Skyhawk and Parrot open-pits, and results are pending.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK