Vango continues its golden run
Published 30-JAN-2020 10:19 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
Vango Mining (ASX:VAN) has this morning announced a further high-grade, gold intersection from drilling at its Mareast prospect at its 100% owned Marymia Gold Project.
To recap, Vango owns 100% of 45 granted mining leases covering over 80% — or more than 40 kilometres of strike — of the world-class Marymia Belt in the mid-west region of WA and include six major gold corridors extending from Superior Gold Inc.’s multi-million ounce Plutonic Mine (5.5Moz gold).
It has been a busy month for Vango. In early January, the company announced “Bonanza” gold intersections, that supported its focus on growing its high-grade gold resource base at the project and developing a significant stand-alone gold mine.
Read: Exceptional Bonanza gold intersections revealed at Vango’s Marymia Project
The gold exploration and development company followed its great start to the year, with positive drilling results from the Albatross and Flamingo prospects, which confirmed the exceptional, high‐grade open‐pit resource potential of the Albatross and Flamingo prospects.
Today’s news continues the positive trend of excellent results, this time at Mareast which highlights larger scale high‐grade discovery potential within the 5km Trident‐Mareast corridor. Notably, it remains open down dip and down plunge to the North east.
Highlights include:
- 4m @ 11.0g/t Au from 81m, including 1m @3 4.5g/t Au (>1oz/t) in VMERC0027. This new intersection is in addition to the previously released intersection
- 10m @ 22.6g/t Au from 50m including 6m @ 33.3g/t Au in VMERC0025
Open pit resource estimates for Mareast will now be finalised and incorporated into a planned major resource upgrade for the entire Marymia Gold Project.
Deeper drilling is planned to test for underground resource potential, with Vango receiving funding through the Exploration Incentive Scheme (EIS) of the West Australian Government to see this through.
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
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.
