3,000m RC Drilling Program to Advance Ned's Creek JV
Sydney, Oct 6, 2021 AEST (ABN Newswire) - Lodestar Minerals advises that a program of RC drilling is scheduled to commence shortly on the Ned's Creek JV with Vango Mining Limited (
ASX:VAN). Vango has authorised the RC drill rig currently operating on their Marymia Gold Project to re-deploy to Neds' Creek to carry out approximately 3,000m of drilling, with the program scheduled to commence within 10 days. Details of the drilling program are provided below.
An initial program comprising up to 3,000m of RC drilling is planned for Contessa and Central Park prospects. The granite contact at Contessa represents a major structural corridor that has not been effectively tested. Drilling along strike at Central Park and Gidgee Flat prospects (see Figure 1*), has confirmed that gold mineralisation occurs within and adjacent to late intrusions preferentially localised on the granite-greenstone contact. The planned RC program is designed to specifically target the granite contact at Contessa as a potential feeder for the mineralisation discovered to date.
The Contessa mineralisation comprises a series of north-dipping, stacked lenses within an intensely altered host sequence. Mineralised lenses have been defined over a strike distance of 200m in RC and diamond drilling (system remains open) that reported a number of high-grade gold intersections within an extensive, mineralised sericite-pyrite alteration halo. Significant intersections reported from the primary zone include;
- 4m at 74g/t Au from 140m in LNRC026
- 4m at 5.6g/t Au from 170m in LNRC043
- 10m at 1.4g/t Au from 138m in LNRC020
- 0.65m at 9.7g/t Au from 142.85m in LND002
- 12m at 1.5g/t Au from 126m in LNRC048,
including 1m at 9.2g/t Au from 135m.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/MKCK7X39
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.
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