THE DRILL SERGEANT: Vango Mining (ASX: VAN) declared generation of another high‐grade gold target at the company’s 100 per cent‐owned Plutonic Dome gold project in the Mid‐ West region of Western Australia.
Vango Mining said the identification of the new target came via discovery of widespread coarse ‘nugget’ gold at surface and vein‐hosted gold in float samples at the Apex prospect, located in the north east of the project.
Vango recently conducted a first‐pass reconnaissance exploration program around Apex and other tenements in the area, led by leading minerals prospector Bob Creasy that returned multiple coarse gold ‘nuggets’ and located the coarse vein‐gold in weathered float in an area of shallow cover.
The float is interpreted as being close to a contact zone between a Syenite intrusive and inter‐bedded mafics and ultramafic meta‐volcanics tying in with the company’s view that the location of coarse vein‐gold in granitic/syenitic float rocks may indicate a bedrock source for the wide‐spread coarse nuggets in this area.
“The bedrock below the coarse‐vein gold discovery has yet to be examined in detail or been subjected to systematic gold‐focused exploration programs,” Vango Mining said in its ASX announcement.
“The company now plans to conduct a surface mapping/prospecting programme of the Apex area to identify priority zones, and then commence geochemical drilling to test for primary, high‐grade, gold mineralisation.”
Vango is currently drilling key targets within the Plutonic Dome project area, commencing with the Trident gold deposit.
This drilling has already delivered intersections of very high‐grade gold mineralisation and drilling is now stepping‐out to target repeats of the ‐high grade core of the Trident deposit at depth.
Drilling is also planned to test the Cinnamon, conglomerate hosted, gold deposit.
In parallel with the drilling at Plutonic Dome, Vango has commenced a regional exploration program across the wider Plutonic Dome project, designed to define and assess other target areas across the project.