Vango Mining Ltd (ASX:VAN) has announced outstanding drilling results from the PHB-1 area on its 100%-owned Marymia Gold Project, 300km northeast of Meekatharra in the Mid-West region of WA.
Exceptional, high-grade gold intersections from PHB-1 Prospect included:
- 7m @ 103.6 g/t Au from 48m, including 3m @ 240 g/t Au and including 1m @ 691 g/t Au;
- 4m @ 11.8 g/t Au from 134m, including 2m @ 20.3 g/t Au.
The 7m @ 103.6 g/t Au intersection was made at the newly discovered Eastern Lode that is open in all directions, including down-plunge to the north east.
The PHB-1 area is located northeast of the previously mined K2 open-pit, where previous drilling has focussed on a narrow, mineralised corridor, though little testing has been conducted below 100m from surface.
Executive Chairman, Bruce McInnes, said the relatively shallow Eastern Lode intersection may represent a new discovery that is open to the northeast, southeast and at depth. Further drilling is being planned to define the potential extent of this high-grade lode structure.
In addition, the Main Lode intersection may represent the down plunge extension of the mineralisation that was the main focus of the previously mined K2 open pit.
Mr McInnes said follow-up drilling is required to define the resource potential, however, it is already evident that PHB-1 represents a potentially significant new open pit resource opportunity with potential for high-grade underground extensions.
Significant intersections were also produced from the West Lode structure, including 5m @ 5.31 g/t Au from 176m, including 2m @ 7.18 g/t Au.
Encouraging gold results were also received from two broad, recrystallised sulphide (mostly pyrite with pyrrhotite) zones intersected by RC/diamond drillhole VK2RCD0008, associated with the West Lode (195m to 264m down hole) and Central Lode (320m to 346m downhole), including: 7m @ 1.32 g/t Au from 241m, including 2m @ 3.11 g/t Au; 3.5m @ 2.30 g/t Au from 254m, including 0.5m @ 6.03 g/t Au, both from West Lode, and 8.5m @ 1.85 g/t Au from 320.5m including 3m @ 2.82 g/t Au from Central Lode.
Mr McInnes said the latest intersections will be incorporated into new interpretations of key lode structures in this area, prior to incorporation into the planned Marymia Gold Project resource upgrade.