Vango is focused on exploring and developing the
The Company plans to undertake an extensive Resource expansion drilling campaign in 2021, which will focus on 11 priority open-pit targets, not currently part of the Marymia JORC 2012 resource base. The Company plans to drill a minimum of 15,000 metres in the 2021 field season, and drilling is expected to commence next month.
Drilling will be designed to add significant, near-surface resources amenable to open pit mining as part of any future mining operation at the
Details of 2021 Drilling Campaign - To define open-pit Resources
Vango plans to complete a minimum of 15,000 metres of reverse circulation (RC) drilling in up to four phases of drilling in its 2021 field season (subject to results).
Drilling will target 11 priority open-pits, and is specifically designed to deliver a substantial (Indicated and Inferred) resource increase to the existing Marymia resource base. It will also enhance the understanding of the mineralised zones within the targeted open pits for the benefit of Vango's mine planning, and for assessing funding requirements for the Company's proposed stand-alone mining operation.
This campaign is also designed to deliver 'critical mass' to increase the mine life of a proposed future mining operation from Marymia's resource base, specifically targeting an increase in total ounces to ensure that mill capacity of any future mining operation is maximised over the Project's total mine life.
The drilling is planned to be conducted on a nominal 20m by 40m drill spacing, which will give appropriate coverage of mineralised zones to determine the tenor of the mineralisation at depth and facilitate the calculation of Indicated and Inferred resources. Drilling is planned to a nominal depth of 160 metres, angled to approximately 60deg, testing to 120 metres vertical below surface.
The 11 open pit targets have been rated and ranked in order of priority, based on historic gold inventory and a review of historic drilling, and the proposed drillholes at each target have been designed.
The 11 open pits to be targeted are; Apollo, Exocet, Ibis, Kookaburra, Parrot, Pigeon, Prickleys, Redfin, Rosella, Skyhawk and Speckled are shown on Figure 1*. The Skyhawk, Parrot and Apollo open pits have been assessed as the highest priority targets, and the first phase of drilling is planned to commence at these targets.
The drilling has been designed with the flexibility to focus on specific targets dependent on results. Similarly, the progression of the drilling campaign through all four phases of planned drilling will also be dictated by results of the previous phases of drilling.
Trident-Marwest Corridor
Drilling will also be undertaken at the north-eastern section of the Trident Deposit, the 'Crown Jewels' of the
This targeted drilling will be designed to identify further-high grade extensions of the area between the north-eastern sector of Trident and the southern extent of the
Background to 2021 Field Season
Vango completed an extensive 20,000 metre reverse circulation (RC) and diamond drilling drill campaign in 2020, and all results from this campaign have been released to the market. The program focused on priority targets at the Trident gold corridor and PHB gold corridor at Marymia.
Vango has compiled all results from the 2020 drilling campaign into the
The Company plans to release an updated and expanded JORC 2012 resource for the
Ned's Creek Joint Venture with
Vango, in conjunction with its Farm-in Joint Venture partner
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/GCG83E58
About
Marymia has an established high-grade resource of 1Moz @ 3 g/t Au, underpinned by Trident - 410koz @ 8 g/t Au, with immediate extensions open at depth/along strike.
Contact:
info@vangomining.com
+61 418 183 466
james@mandatecorporate.com.au
+61 420 991 574
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