Sydney, Sep 12, 2021 AEST (ABN Newswire) - Vango Mining Ltd (ASX:VAN) Executive Chairman Bruce McInnes talks with ABN Newswire about the current drilling program in Western Australia and the short term plans that company has.
Targeting an upgraded JORC resource of 1.5 Million ounces, the latest drilling program will see the company in a position to commence mining operations planning, for a 20 year operational mine life.
The company has a number of previously mined assets that contain residual gold in oxide, with drilling proving that grades beneath the previously mined pits showing increasing grade with depth.
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About Vango Mining Limited
Vango Mining Limited (ASX:VAN) is a minerals exploration mining company with ambitions of becoming a high-grade WA gold miner by developing the 100% owned Marymia Gold Project (Marymia) in the mid-west region of Western Australia. The Project comprises 45 granted mining leases over 300km. It has an established high-grade resource of 1Moz @ 3g/t Au, underpinned by the Trident Deposit, whose resource is 410koz @ 8g/t Au, with immediate extensions open at depth/along strike.
The Marymia Project has the potential to become one of Australia's largest high-grade producers. The Greenstone Belt in the Marymia region includes six major gold corridors, which remain largely un-tested beyond 100m depth - supported with an extensive drilling and geophysical database. Previous mining between 1992-2001, produced 580,000 ounces of gold almost entirely from open-pits.
Vango is focused on growing its high-grade gold resource to support a proposed stand-alone gold mining and production operation at Marymia. The Project is located along strike, immediately to the north of Superior Gold's (CVE:SGI) Plutonic Gold Mine which has produced more than 5.5Moz of gold.
Vango Mining Limited