Vango Mining : Intercepts Additional High-Grade Gold

	ASX Announcement
	19 January 2022
	Vango Intercepts Additional High-Grade Gold
Highlights
only	Final results received from drilling at the Pigeon open-pit as part of Vango's
•

ongoing open-pit focused drilling campaign

• Results from the final hole at Pigeon have intersected further high-grade gold:

	o 2m @ 1.2 g/t Au from 94m in VPIRC0005 including 1m @ 1.9 g/t Au from 94m
	o 3m @ 3.2 g/t Au from 133m in VPIRC0005 including 1m @ 8.31 g/t Au from
use	134m
o 1m	@ 2.5 g/t Au from 159m in VPIRC0005 (repeat of 8.84 g/t Au)
o 2m	@ 4.9 g/t Au from 166m in VPIRC0005 incl 1m @ 8.7 g/t from 166m
	o 1m	@ 1.2 g/t from 190m in VPIRC0005
• Results appear to be on the western side of a fault structure interpreted to be on

the edge of an offset zone of the main mineralisation.

• These results are in addition to results previously announced1 - with gold

personal	structures present in all 5 holes drilled at Pigeon in this program.
o 9m at 3 g/t Au from 111m in VPIRC0004 incl. 3m at 7.9 g/t Au from 114m
	o 2m at 1 g/t Au from 157m in VPIRC0004
	o 4m at 1.1 g/t Au from 134m in VPIRC0001
	o 2m at 2.2 g/t Au from 115m in VPIRC0002

o 7m at 0.8 g/t Au from 124m in VPIRC0002 o 12m at 1 g/t Au from 121m in VPIRC0003

• There are also multiple historical intercepts BELOW the mined level of the Pigeon

	open-pit:
	o 4m at 8.2 g/t Au from 71m in FRC1585
	o 7m at 1.7 g/t Au from 51m in FRC9606
	o 9m at 2.1 g/t Au from 90m in PGRC0079
For	o 16m at 1.5 g/t Au from 77m in PGRC0106
o 13m at 1.2 g/t Au from 86m in PGRC0112
o 8m at 2.6 g/t Au from 52m in PGRC0137 incl. 1m at 5.8 g/t Au from 52m
	o 12m at 1 g/t Au from 83m in PGRC0138 incl. 2m at 3.4 g/t Au from 83m
	o 1m at 9.3 g/t Au from 101m in PGRC0139
	o 14m at 1.6 g/t Au from 106m in PGRC0141
	o 12m at 1.5 g/t Au from 94m in PGRC0143 incl. 3m at 4.6 g/t Au from 99m

1 ASX: VAN 14 December 2021 "Vango Returns High-Grade Gold"

Vango Mining Ltd	Issued Capital	Australian Registered Office	Directors
ABN: 68 108 737 711	1,259,937,632 Shares	Aurora Place	BRUCE MCINNES - Executive Chairman
ASX: VAN	115,864,406 Options	Building 1	SEAN ZHOU - Deputy Chairman - Non-Executive Director
		Level 29, 88 Phillip Street	HUNTER GUO - Non-Executive Director
		Sydney NSW 2000 AUSTRALIA	The Hon CRAIG WALLACE - Non-Executive Director
			Dr CAROL ZHANG - Non-Executive Director

www.vangomining.com

Vango Mining Limited (Vango, ASX: VAN) is pleased to announce further high-grade gold intersections from drilling at the Company's flagship Marymia Gold Project (Marymia, the Project) in the Mid-West

region of Western Australia.
personaluse only
The latest results are from the final hole drilled at the Pigeon open-pit target (Figure 3) and extend
the excellent results from the first four holes at Pigeon, announced to the ASX on the 14 December
2021.
For	Figure 1 Plan View Pigeon Open-Pit Area

Pigeon Open Pit

The Pigeon open-pit was targeted with five drillholes in Vango's ongoing open-pit focused resource extension program. Results from the final hole have now been received, and are reported in this announcement, with five gold zones greater than 1 g/t Au within broader mineralised structures (Figures 1 and 2):

1. 2m @ 1.2 g/t Au from 94m in VPIRC0005 including 1m @ 1.9 g/t Au from 94m o 3m @ 3.2 g/t Au from 133m in VPIRC0005 including 1m @ 8.31 g/t Au from
   134m
   o 1m @ 2.5 g/t Au from 159m in VPIRC0005 (repeat of 8.84 g/t Au)

www.vangomining.com	2

1. 2m @ 4.9 g/t Au from 166m in VPIRC0005 incl 1m @ 8.7 g/t from 166m o 1m @ 1.2 g/t from 190m in VPIRC0005

These are in addition to the results from the first four holes previously reported (see below). All five holes from the program have returned significant gold intercepts:

only	o 9m at 3 g/t Au from 111m in VPIRC0004 incl. 3m at 7.9 g/t Au from 114m
o	2m at 2.2 g/t Au from 115m in VPIRC0002
	o	2m at 1 g/t Au from 157m in VPIRC0004
	o 4m at 1.1 g/t Au from 134m in VPIRC0001
	o 7m at 0.8 g/t Au from 124m in VPIRC0002
use	o 12m at 1 g/t Au from 121m in VPIRC0003

The results from the first four holes showed the continuity of a strong gold zone that broadly follows an interpreted mineralised structure, following the contact between sediments and mafic packages.

The results from hole VPIRC0005 suggest this structure is still important but has been offset somewhat by a later structure. This structure appears to have offset this mineralised zone and opens up the potential at Pigeon significantly to the west, which is also supported by historical intercepts in holes PGRC0137, PGRC0185 and PGRC0188 - which were further north than those on the eastern side of the pit (Figure 1). These historical results (see below) were also detailed in the previous announcement2:

personal	o 4m at 8.2 g/t Au from 71m in FRC1585
o	14m at 1.6 g/t Au from 106m in PGRC0141
	o	7m at 1.7 g/t Au from 51m in FRC9606
	o 9m at 2.1 g/t Au from 90m in PGRC0079
	o 16m at 1.5 g/t Au from 77m in PGRC0106
	o 13m at 1.2 g/t Au from 86m in PGRC0112
	o 8m at 2.6 g/t Au from 52m in PGRC0137 incl. 1m at 5.8 g/t Au from 52m
	o 12m at 1 g/t Au from 83m in PGRC0138 incl. 2m at 3.4 g/t Au from 83m
	o 1m at 9.3 g/t Au from 101m in PGRC0139
For	o 12m at 1.5 g/t Au from 94m in PGRC0143 incl. 3m at 4.6 g/t Au from 99m
o	9m at 2.2 g/t Au from 47m in PGRC0185 incl. 1m at 5.7 g/t Au from 47m

o 2m at 5.2 g/t Au from 68m in PGRC0185

o 5m at 1.9 g/t Au from 54m in PGRC0188 incl. 1m at 7.6 g/t Au from 54m o 15m at 1.7 g/t Au from 100m in PMRC0001

www.vangomining.com	3

use only
personal			Figure 2 Cross-section Pigeon 19260E
	Table 1 2021 Drilling Pigeon Collar information
	HoleID	MGA E	MGA N RL		North	East	Depth	Dip	Az
	VPIRC0001	7207950	768678	611	5414.345	19340.15	172	-60.9	151.4
	VPIRC0002	7207947	768657	611	5421.934	19320.35	159	-59.6	149.5
	VPIRC0003	7207955	768632	611	5441.075	19302.4	159	-59.2	151.0
	VPIRC0004	7207946	768611	611	5443.424	19279.68	171	-59.9	151.6
	VPIRC0005	7207925	768598	611	5431.403	19258.12	201	-66.9	151.5

For2021 Drilling Campaign Progress and Next Steps

Vango is targeting 11 priority open-pits in its ongoing open-pit focused drilling campaign. Drilling is designed to add resources to the substantial existing Marymia resource base, and to deliver 'critical mass' to Marymia's resource base to support a proposed stand-alone mining operation at the Project.

The first phase of drilling in all 11 open pits has now been completed and consisted of 8,914 metres of RC drilling across 56 holes. All results have now been reported from first-phase drilling at the Skyhawk, Parrot, Apollo, Prickleys, Ibis, Exocet, Rosella and Pigeon open-pits. Results from drilling at the remaining 3 open-pits will be progressively released as they become available.

www.vangomining.com	4

James Moses Investor Relations [e-mail] [phone]

Figure 3 Marymia Gold Project showing the 11 priority open pits.

Vango plans to conduct a follow-up, second phase of drilling at all targets that delivered positive results from the completed first round of drilling, to test for further extensions of gold mineralisation

to add to the Marymia resource base. onlyuse

personalAuthorised for release by the Chairman of Vango Mining Limited.

-ENDS-

For further information, contact:

Bruce McInnes

ForChairman

[e-mail]

[phone]

Information in this announcement is extracted from reports lodged as market announcements available on the Company's website https://vangomining.com/.

The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from the original market announcements.

www.vangomining.com	5