Vango Mining Limited (ASX: VAN) announced that the targeted drilling within the Trident Corridor at the Marymia Gold Project in WA has identified a bonanza gold zone 250m from Trident Resource.
VAN said that the latest results received from the 2020 Trident drilling campaign included bonanza grade intersection of 9m @ 26.2 g/t Au from 137m incl. 2m @ 102.2 g/t au from 139m in VTRRC0066.
VAN also reported results from one drillhole at Trident Deeps. Significant hits included 7m @ 1.5 g/t from 268m incl 3m @ 2.4 g/t Au. The company noted that these results represent extensions to the previously identified mineralisation in the Trident area and extend the strike and dip of the Trident deposit.
VAN said that results are pending for a further 4 holes at Trident Deep and 5 holes at Trident Extension.
Vango Mining’s 100%‐owned Marymia Gold Project is located 300km northeast of Meekatharra in the Mid‐West region of Western Australia.
The project’s most advanced prospect is Trident which hosts a high-grade 410,000-ounce gold deposit grading 8.0 g/t. The project also has several other prospects including Marwest, Mareast, K2, K1, Triple P, and Cinnamon. The PHB-1 prospect is located northeast of the previously mined K2 open-pit, and Main Lode target is located below the K1 open-pit.
At the Trident Corridor, high-grade zone was intersected in historical hole PBRC0218 (of 12m @ 9.5 g/t Au including 2m @ 40.4 g/t Au).
2020 drilling program
VAN had recently commenced the 2020 drilling program at Trident within its Marymia Gold Project. The company has now announced encouraging results from the targeted drilling within the Trident Corridor.
High- grade intersection
VAN reported a bonanza grade intersection of 9m @ 26.2 g/t Au from 137m incl. 2m @ 102.2 g/t au from 139m in VTRRC0066 from the Trident Extension zone.
The company said that this intersection confirms and extends previous drilling carried out to the south west and highlights potential for a contiguous mineralised zone from Marwest/Mars deposit and Trident. VAN reported that this result extends a high-grade zone intersected in historical hole PBRC0218.
Bonanza gold zone
The company said that the results represent a significant zone of mineralisation a further 250m to the north east of the previously announced Trident resources with further results still to come from this extension zone.
VAN said that it also may form part of a more substantial zone of mineralisation linking the Trident resource to the Marwest mineralisation 300m to the northeast.
Five DD holes completed
Vango announced that during the drilling campaign, five Diamond holes testing for the continuation of the Trident mineralisation at depth were completed.
The company said that the results were received for the first of these holes, VTRRCD0061. VAN reported that three zones of gold mineralisation were intercepted in this hole; 7m @ 1.5 g/t Au including 3m @ 2.4 g/t from 268m, 1m @ 2.6 g/t Au from 309m, and 2m @ 2.4 g/t from 330m.
The company said that the continuation of mineralisation at depth in this area is highly encouraging for the identification of further high-grade zones to significantly extend the Trident resources, and also the potential mine life for any future mining of the Trident deposit.
VAN said that results are pending for a further 4 holes at Trident Deep and 5 holes at Trident Extension, designed to extend dip and strike of mineralisation outside the current resource.
The company said that extensive further drilling is planned for the Marymia project.
Marymia resource upgrade
Vango reported that it remains on track to deliver a substantial resource upgrade at the Marymia Project in the first half of this year.
Vango Executive Chairman, Bruce McInnes said: “We are delighted with the latest results from our targeted drilling program at the Marymia Gold Project. These results reinforce the company’s view that Marymia represents one of the largest underdeveloped gold projects in Australia.
These results continue to validate our pathway to a completed feasibility study in order to further the company’s aim to rapidly transition to building a major gold production centre based around our Marymia tenements”.