Market Herald logo


Be the first with the news that moves the market
  • Vango Mining has started drilling at three high-grade targets at its Marymia Gold Project
  • Drilling will include 35 holes for roughly 5300 metres
  • Works are aimed at extending these discoveries before moving towards defining the project’s resource
  • Vango is developing Marymia into a stand-alone, gold mining operation
  • Vango Mining’s share price is unchanged today with shares trading at 19 cents apiece

Vango Mining has commenced the next stage of drilling for new high-grade gold resources at its Marymia Gold Project.

The drilling phase is expected to include 35 reverse circulation holes for a total of approximately 5300 metres.

Vango is testing three key high-grade resource targets including Triple P – Zone B and Albatross – Flamingo in the Triple P area, as well as the Marwest – Mars in the Trident-Marwest-Mareast Corridor.

Drilling is aimed at extending and defining these high-grade discoveries before moving towards detailed resource definition drilling.

Out of the 35, 12 holes will test the Triple P – Zone B target for new gold. IP geophysics highlighted a strong anomaly which indicated high-grade gold-associated sulphide mineralisation.

Previous intersections include: 4 metres at 9.48 grams per tonne of gold from 177 metres including 1 meter at 25 grams per tonne of gold and 7 metres at 15.7 g/t Au from 144m including 3m at 28.1 g/t Au.

A total of 11 holes will test the Albatross – Flamingo target for a repeat of the mine-mafic hosted high-grade gold mineralisation west of Triple P – Zone B.

A further six holes will test the very high-grade Mars zone.

Previous intersections include: 9m at 12.7 g/t Au from 54m including 7m at 15.6 g/t Au and 13m at 10.0 g/t Au from 60m including 7m at 15.2 g/t Au.

Lastly, six holes will test for the extent of high-grade open pit gold mineralisation, including at the eastern end of the Mareast pit.

New high-grade gold resources that Vango defines during this phase of drilling will be added to the mine plan for developing Marymia into a significant, stand-alone, gold mining and processing operation.

Vango Mining’s share price is unchanged today with shares trading at 19 cents apiece in a $121.9 million market cap

VAN by the numbers
More From The Market Herald

" Jervois Global (ASX:JRV) sees higher costs to bring its Idaho cobalt operation to production

Jervois Global (ASX:JRV) will experience higher costs to bring its Idaho cobalt operation (ICO) in the…
The Market Herald Video

" Aeris Resources’ (ASX:AIS) Round Oak buy gets “overwhelming” shareholder approval

Aeris Resources (ASX:AIS) has received "strong support" from its shareholders at the Extraordinary General Meeting over…
The Market Herald Video

" Parkway Corporate (ASX:PWN) boosts stake in Karinga Lakes project to 40pc

Parkway Corporate (ASX:PWN) has increased its ownership of the Karinga Lakes potash project (KLPP) in the…
The Market Herald Video

" Horizon Minerals (ASX:HRZ) eyes $6m for WA projects

Emerging mid-tier gold producer Horizon Minerals (ASX:HRZ) has received firm commitments to raise $4 million via…