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Vango Mining Confirms Cinnamon Gold Discovery

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) announced further broad and high-grade gold intersections from a recently completed extension drilling program at the Cinnamon gold deposit, at the company’s 100 per cent‐owned Marymia gold project in the Mid-West region of Western Australia.

Vango Mining completed a two hole diamond drill program at Cinnamon designed to test down-plunge extensions of broad and high-grade gold zones associated with a plunging flexure in the conglomerate hosted mineralised structure.

The company has received assay results from the first hole, which it declared to have confirmed the presence of a broad zone of high-grade gold mineralisation, down-plunge from previous drilling intersections and open down-plunge to the west.

Results included:

VBGRCD0003

2 metres at 9.5 grams per tonne gold from 96m;

18m at 3.1g/t gold from 155m, including 4m at 4.59g/t gold from 162m;

2m at 4.04g/t gold from 185m; and

3m at 1.42g/t gold from 193m.

“These latest high-grade gold intersections at Cinnamon are highly significant to the company’s exploration and development strategy at the Marymia project, which aims to build a substantial resource inventory for processing at a proposed stand-alone gold mining and processing operation,” Vango Mining said in its ASX announcement.

 

 

Website: www.vangomining.com

 

Vango Mining Drills to Define Shallow Resource

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) announced it is continuing a drilling and development program at the Trident high-grade gold deposit, part of the Trident gold project on the company’s 100 per cent-owned Plutonic Dome (Marymia) gold project in the Mid-West region of Western Australia.

Vango Mining has RC drilling and geotechnical diamond drilling underway to define near/at surface expression of the high-grade gold mineralisation at the Trident gold project with the intent to provide information to determine the viability of developing an open pit and underground portal access point on the shallow mineralisation at the western end of the Trident gold deposit, referred to as Trident West.

The company will drill a further five RC and possibly pre-collared diamond drillholes to test the shallow, up-plunge, projection of the Trident gold deposit to the west of the very-high grade core of the deposit that was drilled previously.

The geotechnical drilling program will include four HQ3 diameter diamond drillholes within the proposed open pit target area at Trident West to determine ground conditions and test structures that will impact on open pit wall angles and stability and assist the design and optimisation of the proposed open pit/portal access.

In addition to Trident, Vango will drill down-plunge extensions of the Cinnamon gold deposit.

Two to three pre-collared diamond drillholes will be carried out to ensure target depth is reached and to generate structural information on the deeper extensions of the deposit.

The first of the latest pre-collared diamond drillholes has been completed (VBGRCD003) and intersected mineralisation in the target zone.

Vango is currently waiting to receive results of this hole.

“The company’s strategy is to add further resources to the project’s development pipeline, which currently includes the Trident high-grade gold deposit as the primary target,” Vango Mining said in its ASX announcement.

“Vango aims to develop the project into a significant, stand-alone, gold mining and processing operation with outstanding upside potential to continually build the high-grade gold resource base.”

 

Website: www.vangomining.com.au

 

Vango Mining Extends Trident with High-Grade Gold Intersections

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) has encountered further high‐grade, gold intersections from a recently completed extension drilling program at the Trident gold deposit, part of the company’s 100 per cent‐owned Plutonic Dome gold project in the Mid‐West region of Western Australia.

Vango Mining explained the program was designed to test deeper parts of the Trident mineralisation system, as well as further defining near surface oxide material on the western side of the deposit.

The drilling has intersected high‐grade gold mineralisation at a distance of 500 metres (down dip from surface) to the west of Trident’s high‐grade drill‐defined mineralised core, which the company has interpreted to indicate a second high‐grade gold system may have been discovered.

Results have been received for three diamond holes and four reverse circulation drill‐holes, including:

VTRRCD0028
3.5 metres at 10.9 grams per tonne gold from 349m, including 1.5m at 22.1g/t gold from 350m.

Vango explained drill hole VTRRCD0028 is the deepest of two deeper holes at Trident, which both intersected the mineralised Trident ultramafic approximately 400m (500m down dip from surface) west of Vango’s current high‐grade drill‐defined area, substantially extending the deposit’s high‐grade gold mineralisation system.

Other results were received from drilling of the near‐surface, western, projection of the Trident deposit, including intersections of:

VTRDD0030
2 metres at 4.9 grams per tonne gold from 37m, 5m at 1g/t gold from 44m and 3.4m at 3.4g/t from 68.6m, including 1m at 7.2g/t gold;

VTRRC0032
6m at 3.7g/t gold from 56m, including 1m at 16.2g/t gold, 6m at 1.9g/t gold from 24m, including 2m at 3.2g/t gold and 5m at 2.7g/t gold from 46m, including 2m at 4.9g/t gold;

VTRRC0033
4m at 1.1g/t gold from 43m and 2m at 2.2g/t gold from 58m in; and

VTRRC0034
2m at 1.4g/t gold from 24m.

An addition, a very deep hole, (VTRRCD0029), tested the system to around 1000m (down dip) to the west of the high‐grade gold mineralised core at Trident and showed the alteration system extending strongly with a 12m wide zone of biotite alteration.

“This has now been confirmed to be geochemically consistent with the upper parts of the deposit with strong anomalism in potassium, tungsten and molybdenum which are all introduced by the mineralising fluid,” Vango Mining said in its ASX announcement.

“Gold assays were low in this hole, but significant potential remains for gold mineralisation to extend to these very deep extensions of the Trident system.”

 

Website: www.vangomining.com

 

Vango Mining Triples Trident Gold Target

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) presented progress being made during extensional drilling being undertaken at the company’s high-grade, Trident gold deposit at the Plutonic Dome project, in the Mid-West region of Western Australia.

Vango Mining is currently undertaking a deeper, extensional drilling program at Trident, designed to test for repetitions at depth plus extensions to the west, of the deposit’s very high-grade gold mineralised core.

This drilling has intersected a 12 metre thick zone of the mineralised ultramafic rocks that host the Trident deposit from approximately 600 metres below surface in drillhole VTRRCD0029, approximately 750 metres (and 1km down-dip from surface) west of the current very high-grade drill-defined core at Trident.

“This confirms that the mineralised system now extends to at least one kilometre in (down-dip) length, effectively tripling the size of the targeted zone at Trident,” Vango Mining said in its ASX announcement.

Vango has drilled a further five drillholes, including one diamond hole, which also tested the western, up-plunge projection of the high-grade mineralisation at Trident, to further define the mineralisation and extend the resource prior to evaluation of this area as a potential box-cut access point for a decline to the very-high grade core of the Trident gold deposit.

Selected samples from the Trident drilling are being processed and Vango anticipates results will be reported in due course.

No results have been received from these holes to date.

 

Website: www.vangomining.com

Gold Production Main Focus at Plutonic Dome

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THE INSIDE STORY: Vango Mining (ASX: VAN) is focused on the exploration and development of the company’s 100 per cent-owned Plutonic Dome gold project in Western Australia.

The Plutonic Dome gold project includes 45 granted Mining Leases located over the majority of the Marymia – Plutonic Greenstone Belt, approximately 218 kilometres northeast of Meekatharra in the Midwest mining district of WA.

The project’s main prospect is the Trident deposit, a high-grade gold resource hosted by the ultramafic/mafic package that hosts the nearby five-million-ounce Plutonic deposit being mined by Canadian company Superior Gold, 25 kilometres to the southwest.

Trident currently boasts an Inferred Resources of 2.21 million tonnes at 5.3 grams per tonne gold for 379,000 ounces of gold – but Vango is hungry for more!

Previous drilling at Trident focussed on a very high-grade central zone 120 to 200m below surface, associated with a roll-over or ‘ramp’ in host shear structure.

Vango completed highly successful drilling programs throughout 2017 and 2018 that produced very high-grade gold intersections, confirming and extending the previously defined high-grade gold zone.

These results include:

VTRRCD0013
7 metres at 18.2g/t gold from 218m, including 2.02m at 44g/t gold;

VTRRCD0015
3.76m at 12.8g/t gold from 222.24m, including 1m at 40.5g/t gold;

VTRRCD0016
11.48m at 11.5g/t gold from 159m, including 4m at 26.1g/t gold;

VTRRCD0007
6m at 15.37g/t gold from 198m, including 4m at 22.5g/t gold; and

Three intersections encountered within a 71m thick mineralised zone in VTRRCD0008 of:
10m at 3.7g/t gold from 132m, including 1m at 21.9g/t gold and 2m at 5.2g/t gold;
3m at 15.3g/t gold from 161m, including 1.05m at 40.3g/t gold; and
7.1m at 5.2g/t gold from 195.9m, including 2.1m at 12.4g/t gold and 2m at 4.6g/t gold.

“Drilling that had been done in the past had not been done to any great depth,” Vango Mining executive chairman Bruce McInnes told The Resources Roadhouse.

“We are probably the first to drill to any significant depth at Trident, and the step-out hole we are currently drilling is targeting a depth of approximately 600 metres and as we go deeper we anticipate intersecting repetitions of the high-grade mineralisation we have already encountered.

“We are drilling these deep holes at various targeted points to see what is beneath the known mineralisation at 250 metres.

“We know we have very good grades at the upper level, but if there is another underlying Resource there, obviously that would make it even better for us in terms of the potential scale of the deposit and the mining approach we may adopt.

“Trident we have always referred to as ‘the crown jewel’ of the company, which is proving to be a prophetic declaration as we believe it is going to be a significant and impressive asset just on its own.”

Vango Resources is by no means a newcomer to the region having established a Farm-in and JV agreement with Dampier Gold back in 2014.

“It took us two years to establish our 60 per cent earn-in to the Plutonic Dome area,” McInnes said.

“We then finalised negotiations for the purchase of the remaining 40 per cent from Dampier in 2016.”

Although the area had not been mined for many years, Vango recognised the potential for it to support future gold mining operations, be they underground or open pit.

The company’s initial thoughts were to establish a small gold mining operation then toll-treating the ore through a nearby mill – a strategy that would make good money, but a rethink by the company realised Plutonic Dome held potential to become a much bigger earner by making it one large standalone high-grade operation.

The change of strategy renewed the sharpness of the company’s focus on mining high-grade ore to be put through its own processing plant.

Once in production cashflow will fund ongoing exploration to find a lot more gold to keep the operation going.

“The Resources and Reserves we will upgrade using the results from drilling programs, particularly from Trident where we will be mostly focused again this year,” McInnes said.

“We aim to increase Resources to around one million ounces, and at the same time we will be using the results to glean further information for the plant construction.

“We don’t anticipate it will be a large plant initially, most likely around 250,000 to 300,000 tonnes per annum, with the ability to increase capacity as time goes on.

“It’s all about getting cashflow moving and then to use that cashflow to fund continuing drilling programs, and to continue our development as a gold producer.

“This company wants to be producing gold as soon as possible.”

Vango is now drilling to test a series of high‐grade gold targets at Trident as well as at the Cinnamon deposit located in the central part of the Plutonic Dome project area.

Three deeper pre‐collared diamond drillholes are testing for down‐dip repeats of the Trident flexure or ‘ramp’ structure that hosts most of the high‐grade gold mineralisation intersected to date at Trident.

This drilling will be targeting the shallow dipping ultramafic contact below the over‐thrust granite gneiss on 400m step‐outs from the high‐grade core zone while also testing the western part of the deposit, where the Trident gold mineralisation extends, up‐plunge, to shallow depth.

Mineralisation at the Cinnamon deposit is contained within a conglomerate, associated with the contact between a mafic‐ volcaniclastic/conglomerate footwall and felsic‐volcaniclastic/conglomerate hangingwall.

Earlier work carried out by Dampier Gold at Cinnamon showed the gold mineralisation intensifying where coarse-grained conglomerates are intersected by several interpreted cross cutting faults.

Dampier established a resource model for Cinnamon in 2011 showing the resource zone extending to over 400m in strike and open at depth below 200m.

Predominantly RC drilling intersections released by Dampier in 2011 demonstrate it potential to be, like Trident, an economic deposit in its own right.

Historic high grade drilling results from Cinnamon include:

BDRC0003
19m at 6.85g/t gold from 132m, including 11m at 10.57g/t gold

BDRC0430
24m at 4.75g/t gold from 146m, including 12m at 7.64g/t gold and

BDRC0365
39m at 4.56g/t gold from 76m, including 10m at 12.72g/t gold.

Vango is drilling two diamond holes into the main mineralised zones at Cinnamon to verify the previous RC drilling intersections and enhance its geological understanding of the deposit.

This will be followed by a more extensive drilling program to potentially define and extend the thick, conglomerate hosted, mineralised zones.

Cinnamon is being tested as a high‐priority, additional resource target that could potentially support the new strategy for a stand‐alone processing operation and provide an early open pit option.

“Our technical team is working on establishing which target, Trident or Cinnamon, should be our starting point,” McInnes said.

“At Cinnamon the targeted drilling will be looking to identify the shape of the ore body, because should it emerge as we believe, it will be an ideal starter open pit.

“That is exactly what we are looking for, a nice easy surface area that has considerable tonnage with good grades.

“We have completed all-in costings on surface mining using the Dampier Mining 2011 Resource grades.

“The planned drilling will tell us whether the grades t around Cinnamon could make it our obvious first target.”

 

Vango Mining Ltd. (ASX: VAN)
…The Short Story

HEAD OFFICE
Level 39, Suite 3
259 George Street
Sydney NSW 2000

Ph: +61 2 8278 9942

Email: info@vangomining.com
Web: www.vangomining.com

DIRECTORS
Bruce McInnes, Sean Zhou, Carol Zhang

 

Vango Mining Drilling High-Grade Targets at Plutonic Dome

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) provided an update on drilling of a series of high‐grade gold targets at the Trident and Cinnamon deposits on the company’s 100 per cent‐owned Plutonic Dome gold project in the Mid‐West region of Western Australia.

At the Trdient deposit, three deeper pre‐collared diamond drill holes are underway to test for down‐dip repeats of the Trident flexure or ‘ramp’ structure that hosts most of the high‐grade gold mineralisation intersected to date at the deposit.

Vango mining said the initial drilling will essentially be stratigraphic, in that it will be targeting the shallow dipping ultramafic contact below the over‐thrust granite gneiss on 400 metre step‐outs from the high‐grade core zone.

“Previous drilling and magnetic imagery indicates that the ultramafic rocks that host the Trident deposit continue well to the north of Trident and the intersection of continuations of this stratigraphy will open up potential to substantially increase the Trident resource target zone,” Vango Mining said in its ASX announcement.

The Cinnamon deposit is in the central part of the project area where most of the mineralisation is contained within a conglomerate, associated with the contact between a mafic‐ volcaniclastic/conglomerate footwall and felsic‐volcaniclastic/conglomerate hanging wall.

Vango’s initial plans are to drill two diamond holes into the main mineralised zones to verify previous RC drilling intersections and enhance the geological understanding of the deposit.

This will be followed by a more extensive drilling program to potentially define and extend the thick, conglomerate hosted, mineralised zones.

“Cinnamon is being tested as a high‐priority, additional resource, target that could potentially support the new strategy for a stand‐alone processing operation and also provide an early open pit option,” Vango explained.

 

Website: www.vangomining.com