The latest assay results are from eight reverse circulation (RC) holes at the Parrot open-pit as part of Vango's second-phase of drilling at priority open-pit targets. Previous Phase 1 drilling at Parrot intersected broad structures with anomalous gold of moderate grade. The width and style of alteration made this pit area a priority for Vango's second phase of drilling.
The latest drilling was designed to further define the mineralisation at the Parrot open-pit target, and has delivered a highly positive outcome.
All eight holes intersected the mineralised structure and have confirmed the continuity of a significant gold bearing structure, with a highlight being hole VPARC0011 which returned 19m at 4.7 g/t Au from 81m including 2m at 18.6 g/t Au from 96m.
This zone demonstrates the potential for the Parrot area to produce significant gold at a potential future gold producing operation at the
The most significant intercepts are summarised below:
- 19m at 4.7 g/t Au from 81m in VPARC0011 incl. 2m at 18.6 g/t Au from 96m
- 1m at 2.7 g/t Au from 109m in VPARC0005
- 9m at 1 g/t Au from 119m in VPARC0007 incl. 1m at 2.3 g/t Au from 127m
- 1m at 1 g/t Au from 132m in VPARC0007
- 11m at 0.7 g/t Au from 149m in VPARC0007 incl. 1m at 3.9 g/t Au from 156m
- 4m at 0.5 g/t Au from 113m in VPARC0008 incl. 1m at 1.2 g/t Au from 116m
- 2m at 1.2 g/t Au from 121m in VPARC0008
- 1m at 1 g/t Au from 128m in VPARC0008
- 1m at 1.1 g/t Au from 116m in VPARC0009
- 4m at 1 g/t Au from 109m in VPARC0010
- 2m at 0.9 g/t Au from 142m in VPARC0012
The gold intercept in Hole VPARC0011 is of significant grade and width, and is potentially part of a larger high-grade zone, which is planned to be targeted by further drilling once the results are fully examined. Refer Figures 1 and 2*.
The above results are in addition to the results from Vango's first-phase drilling at Parrot in 2021:
- 1m @ 2.5 g/t Au from 177m in VPARC0001
- 1m @ 1.3 g/t Au from 78m in VPARC0002
- 1m @ 1.2 g/t Au from 84m in VPARC0002
- 3m @ 1.3 g/t Au from 124m in VPARC0003
- 1m @ 1.1 g/t Au from 133m in VPARC0003
Vango's two phases of drilling at Parrot have followed up historic drilling intersections including:
- 12m @ 2.6 g/t Au from 43m in PARC0073
- 2m @ 11.1 g/t Au from 99m in PBR7977
- 8m @ 1.6 g/t Au from 67m in PBRD1753
Open-Pit Focused Drilling Campaign Progress and Next Steps
Vango targeted 11 priority open-pits in an extensive open-pit focused drilling campaign, commencing in H2, calendar 2021. Drilling was designed to add resources to the substantial existing Marymia resource base, and to assist in delivering '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 been completed and consisted of 8,914 metres of RC drilling across 56 holes. All results from the first-phase campaign have been received and reported.
Vango will now conduct follow-up, second phase drilling at 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.
Second-phase drilling has already been competed at the Skyhawk and Parrot open-pits. Results from drilling at the Parrot open-pit are reported in this announcement and results from the Skyhawk openpit were reported in ASX announcement of
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/00C7QALX
About
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
Contact:
Executive Chairman
E: info@vangomining.com
T: +61 418 183 466
W: www.vangomining.com
Media and Investor Inquiries
Mandate Corporate
E: james@mandatecorporate.com.au
T: +61 420 991 574
Copyright (C) 2022 ABN Newswire. All rights reserved., source