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:
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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.
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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:
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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).
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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).
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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:
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4 metres at 23.0 grams of gold per tonne from 109 metres
(VAN:ASX release 5 August 2109)
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4 metres at 9.5 grams of gold per tonne from 177 metres
(VAN:ASX release 5 August 2019)
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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:
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Recognition that Triple-P and Zone B hosted by the Plutonic Mine-Mafic, but reverse stratigraphy
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Shallow-plunging high-grade gold shoots hosted by repeats of Mine-Mafic, bounded by steep mineralising fault structures
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Geophysics modelling shows multiple repeats of fault, mineralised Mine-Mafic zones projected >3km west under shallow dipping sediments.
Albatross-Flamingo-Mars:
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6 metres at 24.2 grams of gold per tonne from 157 metres
(VAN:ASX release 28 March 2019)
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3 metres at 22.0 grams of gold per tonne from 129 metres
(VAN:ASX release 28 March 2019)
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8 metres at 18.0 grams of gold per tonne from 16 metres
(VAN:ASX release 28 March 2019)
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5 metres at 11.6 grams of gold per tonne from 68 metres
(VAN-ASX release 28 March 2019)
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9 metres at 12.7 grams of gold per tonne from 54 metres
(VAN:ASX release 19 June 2019)
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13 metres at 10.0 grams of gold per tonne from 60 metres
(VAN:ASX release 19 June 2019)
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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