Vango Mining encouraged by initial assessment of drilling at Marymia Gold Project

Vango Mining Ltd (ASX:VAN) is encouraged by the initial assessment of its ongoing 2021 drilling campaign at the flagship Marymia Gold Project in the Mid-West region of Western Australia. The company has completed first-pass drilling at the priority Skyhawk (seven holes), Parrot (four holes) and Apollo (three holes) open pits, and drilling is underway at the Prickleys open pit. Initial assessment of the drilling to date has demonstrated the geological continuity of structures, including alteration and sulphides, consistent with previous results from these deposits. The drilling is mainly focusing on 11 priority open-pit targets, not currently part of the Marymia Project’s 1.02 million ounces at 3 g/t gold resource, and is designed to add significant, near-surface resources amenable to open-pit mining. Drilling so far To date, the company has completed 14 holes for a total of 2,465 metres of reverse circulation (RC) drilling at its open-pit targets and plans to undertake a minimum of 15,000 metres of RC drilling in this drilling campaign, with the ability to expand the campaign subject to results. At Skyhawk and Parrot, in particular, drilling was extended in several holes. Previous drilling in these areas had concentrated heavily on the oxide material and the strong continuation of the structures in the current drilling with associated alteration is significant. Vango has already planned the second and third phases of drilling at Skyhawk and Parrot to test the systems to around 120 to 150 metres below surface. Assays from these initial holes have been submitted for laboratory assessment, and results will be released when they become available. Marymia Gold Project showing the 11 priority open pits to be targeted in 2021 drilling campaign Background Vango had completed an extensive 20,000-metre reverse circulation (RC) and diamond drilling drill campaign in 2020, and all results from this campaign have been released to the market. The company also completed an extensive geological review and modelling, incorporating results from the 2020 drilling campaign. Vango plans to release an updated and expanded resource for the Marymia Project, including results from the 2020 and 2021 drilling campaigns, in the second half of calendar 2021.