Welcome to Vango Mining Limited
Vango Mining is exploration focused on drilling near-term development and production targets to build the resource base, in parallel with targeting significant high-grade discoveries at depth.
Location of Marymia Gold Project in the Yilgarn block of Western Australia.
Vango Mining Strengthens Board
Vango Mining Limited is pleased to announce the appointment of The Honourable Mr Craig Wallace as an Independent Non‐executive Director effective as part of the Company’s commitment to continue review and refresh of its Board and management.
Mr Wallace is an accomplished international commercial negotiator and communicator with extensive senior executive and Board experience. He served as the Deputy Chairman of TerraCom Resources (ASX: TER) between 2012 and 2020.
He was the member for Thuringowa in the Queensland State Parliament from 2004 to 2012. His appointment as a Non-Executive Director continues our focus on adding new skills to the Board, to the best position for Vango Mining to achieve its corporate objectives.
Vango Mining Chairman Bruce McInnes caught up with Proactive's Andrew Scott soon after releasing results from its Marymia gold project which revealed a 'bonanza' grade intersection from the Trident Extension.
Bonanza Gold Zone Identified 250 metres from Trident Resource
9 metres at 26.2 grams of gold per tonne from 137 metres in VTRRC0066 including 2 metres at 102.2 grams of gold per tonne.
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
Results also received from one drill hole at Trident Deeps:
7 metres at 1.5grams of gold per tonne from 268 metres including 3 metres at 2.4 grams of gold per tonne.
1 metres at 2.6 grams of gold per tonne from 309 metres and 2 metres at 2.4 grams of gold per tonne from 330 metres.
Figure 1: Trident Corridor, Trident and Marwest Zone with key extension and repeat targets – Completed holes with Results pending are shown as black circles.
Figure 2: Section 20020mE with drilling and geological interpretation (+/- 12.5m).
Tap the link for the ASX Announcement
Tap on the screen to view 2020 Annual Report.
Vango Mining Investor Presentation
tap on the screen below to view the presentation.
Vango Mining completes A$17.4M Capital Raising
Proceeds to fund high‐grade resource growth drilling and mining studies
Vango receives firm commitments to raise A$15.0 million at A$0.08 per share via a Placement.
A$2.4 million of drawn debt facilities to be converted to equity at A$0.08 per share.
Proceeds to fund immediate drill programmes targeting high‐grade resource growth and testing large scale targets, as well as advancing mining feasibility studies.
tap on the link: ASX Announcement