Vango Mining Limited

Suite 3544, Level 35, Tower 1 

 Barangaroo International Towers

100 Barangaroo Avenue

Sydney NSW 2000

AUSTRALIA

Enquiries: +61 2 8114 4533 

E-mail: info@vangomining.com

 

Accounts: +61 2 8114 4588

or +61 2 8046 6972

E-mail: accounts@vangomining.com

© 2016-2020 by Vango Mining Limited. 

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Albatross-Flamingo

- a potential second major mining centre!

(VAN:ASX release 2 January 2020)

 

New, gold intersections from first drill-hole (VAFRC0001) in 11-hole drlll program below the Albatross-Flamingo historical open pits including:

 

  • 4 metres at 50.6 grams of gold per tonne from 81 metres including 2 metres at 99.1 grams of gold per tonne, including 1 metre at 182 grams of gold per tonne. 

  • 3 metres at 38.0 grams of gold per tonne from 97 metres including 2 metres at 56.1 grams of gold per tonne including 1 metre at 100.9 grams of gold per tonne (within a wider combined zone of 19 metres at 16.8 grams of gold per tonne from 81 metres).

 

These exceptional gold intersections at relatively shallow depth are a strong indicator of the open-pit potential at Albatross-Flamingo and will be assessed in Vango’s ongoing mine planning. The bonanza gold grades form part of the greater “Vulcan” target that continues from Triple-P to the Exocet pit and represents a >3km strike length that is largely untested at depth.

The ability to mine via open-pit has the potential to deliver substantial cost savings relative to an underground operation in any potential future gold mining operation at Albatross-Flamingo.

Results from the remaining 10 holes recently completed at Albatross-Flamingo are pending and will be reported in due course.

Testing key targets in the Triple-P area

Very high-grade gold intersections below Triple-P and Zone B pits, including:
  • 4 metres at 23.0 grams of gold per tonne including 1 metre at 85.0 grams of gold per tonne in VPPPRC0008 (Triple-P).

  • 7 metres at 15.7 grams of gold per tonne including 3 metres at 28.1 grams of gold per tonne in diamond drill hole PMDD002 (Zone B).

  • 4 metres at 9.48 grams of gold per tonne including 1 metre at 25.0 grams of gold per tonne in VPPPRC0005 (Triple-P, Zone B).

 

Further drilling planned to extend these exciting new gold discoveries. Triple-P high-grade gold in Mine-Mafic may be the tip of the iceberg in terms of potential at depth!

 

Albatross-Flamingo and Triple-P, Zone B drillhole locations on geology with VAFRC0001 intersections.

Emerging Corridor:
Triple-P, Albatross, Flamingo to Exocet
Triple-P / Zone B best hits: 
  • 4 metres at 23.0 grams of gold per tonne from 109 metres

(VAN:ASX release 5 August 2109)

 

  • 4 metres at 9.5 grams of gold per tonne from 177 metres

(VAN:ASX release 5 August 2019)

 

  • 7 metres at 15.7 grams of gold per tonne from 144 metres

(VAN:ASX release 5 August 2019)

Albatross-Flamingo:

6 metres at 14.1 grams of gold per tonne from 80 metres

(VAN:ASX release 5 August 2019)

Triple-P area (Vulcan) - a Plutonic repeat?

Previous drilling, geophysics models highlight Plutonic repeat potential at Vulcan:

  • Recognition that Triple-P and Zone B hosted by the Plutonic Mine-Mafic, but reverse stratigraphy

  • Shallow-plunging high-grade gold shoots hosted by repeats of Mine-Mafic, bounded by steep mineralising fault structures

  • Geophysics modelling shows multiple repeats of fault, mineralised Mine-Mafic zones projected >3km west under shallow dipping sediments.

Albatross-Flamingo-Mars:
  • 6 metres at 24.2 grams of gold per tonne from 157 metres

(VAN:ASX release 28 March 2019)

  • 3 metres at 22.0 grams of gold per tonne from 129 metres

(VAN:ASX release 28 March 2019)

  • 8 metres at 18.0 grams of gold per tonne from 16 metres

(VAN:ASX release 28 March 2019)

  • 5 metres at 11.6 grams of gold per tonne from 68 metres

(VAN-ASX release 28 March 2019)

  • 9 metres at 12.7 grams of gold per tonne from 54 metres

(VAN:ASX release 19 June 2019)

  • 13 metres at 10.0 grams of gold per tonne from 60 metres

(VAN:ASX release 19 June 2019)

  • 5 metres at 18.8 grams of gold per tonne from 142 metres

(VAN:ASX release 10 July 2019)

Plan showing Triple-P to Albatross and Flamingo to Exocet Corridor (VAN:ASX release 5 August 2019).

Schematic prepared by Jon Dugdale, July 2019, from interpretation of previous drilling, surface geology and gravity and magnetic inversions.

 

Triple-P and Zone B cross section 1920 metres north, showing shallow plunging high-grade shoot targets