Vango intersects more high-grade gold at Marymia
Published 23-MAR-2020 10:11 A.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Gold exploration and development company Vango Mining Ltd (ASX:VAN) has identified high-grade gold intersections from the PHB-1 area on its 100%-owned Marymia Gold Project, 300 kilometres north-east of Meekatharra in the Mid-West region of Western Australia.
PHB-1 is situated to the north-east of the K2 open-pit, and these results build on previous outstanding returns of more than 100 g/t gold.
The new intersections featuring grades in the vicinity of 20 g/t gold are from reverse circulation (RC) drilling that has been targeting a shallow northerly plunging extension of the Main and Central Lodes, areas that were mined previously in the historical open-pit.
RC drillholes VK2RC0009 and VK2RC0010a as outlined below produced high-grade intersections from targeted extensions of the Main Lode structure based on the new shallow plunge interpretation of the gold mineralised zones.
These intersections at the PHB-1 prospect, come from an area where very few drill holes have tested projected extensions of the Main Lode, Central Lode and Eastern Lode structures, including below and along strike from the 7 metres at 103.6 g/t gold intersection from drillhole VK2RC00071 (see above).
Multiple share price catalysts in 2020
The new interpretation of shallow plunging, and untested, extensions to the Main Lode and other lode structures in the PHB-1 area, opens up a strike potential of over 500 metres on these structures, where both open pit and underground targets have been identified.
Management is planning further drilling to extend and define these new projected high grade gold lode extensions, a much anticipated event that has the potential to provide share price momentum despite challenging market conditions.
In the interim, the third round of drilling results from this area are expected shortly, along with proposals for new drilling to define new open pit and underground resources in this area.
The latest intersections will be incorporated into new interpretations of key lode structures, prior to incorporation into the planned Marymia Gold Project resource upgrade, arguably one of the most significant developments that will occur in 2020.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
