Vango Mining Ltd (ASX:VAN) has hit further high-grade gold intersections from the PHB-1 area on its 100%-owned Marymia Gold Project in the Mid-West region of Western Australia.
PHB-1 is situated to the northeast of the historical K2 open-pit, with the new intersections from RC drilling targeting a shallow northerly plunging extension of the Main and Central Lodes that were mined previously in the open-pit.
The two latest RC drill holes produced high-grade intersections from targeted extensions of the Main Lode structure, based on the new, shallow plunge, interpretation of the gold mineralised zones. Significant intersections include:
- 2m @ 5.08 g/t Au from 104m;
- 8m @ 4.17 g/t Au from 110m, including 3m @ 8.69 g/t Au; and
- 3m @ 19.7 g/t Au from 126m, including 1m @ 51 g/t Au.
- 15m @ 6.51 g/t Au from 118m, including 5m @ 12.53 g/t Au
- 1m @ 12.49 g/t Au from 109m; and
- 3m @ 4.74 g/t Au from 153m, including 2m @ 6.16 g/t Au.
These new results follow the recent exceptional intersection in the Eastern Lode of 7m @ 103.6 g/t Au.
Executive Chairman Bruce McInnes said that notably, these intersections at the PHB-1 prospect, come from an area where very few drill holes have tested projected extensions of the Main Lode, Central Lode and Eastern Lode structures, including below and along strike from the 7m @ 103.6 g/t Au intersection.
Mr McInnes said the new interpretation of shallow plunging, and untested, extensions to the Main Lode and other lode structures in the PHB-1 area, opens up a strike potential of over 500 metres on these structures, where both open pit and underground targets have been identified.
The company is currently planning further drilling to extend and define these new projected high- grade gold lode extensions and further information regarding the extent and timing of this exciting new programme will be provided in due course,” Mr McInnes said.