VAN 0.00% 4.7¢ vango mining limited

Ann: AGM Presentation Developing a Major Australian Gold Project, page-6

  1. 4,906 Posts.
    lightbulb Created with Sketch. 343

    Pending results may spark a bounce off the lows here.......oversold on the chart and sitting below the $15M Cap raise @ 8 cents........see how we go..........

    Managing Director, Mr Andrew Stocks, commented:
    “These drilling results are particularly significant, given the shallow depth and strong potential to ultimately
    supplement our open pit resource base at Marymia, only 25 kilometres to the north.
    “The results from four diamond drillholes that targeted high-grade extension of the Contessa Prospect are
    pending, and will be reviewed before any follow up resource drilling is planned.
    “The Company is now well into the Trident Corridor stage of this major drilling program, currently testing
    high-grade extensions of the Mareast, Mars and Trident deposits, with results of the first eleven of 22
    completed deep RC and diamond drillholes due in November and results from the remaining holes expected
    over the coming weeks.”

    www.vangomining.com 2
    Commentary and background to the Ned’s Creek drilling program:
    These initial results are from the first four RC holes of an eight RC and diamond drillhole program (and
    three RC water bores), totalling 1,650.5m, that tested key targets in the Contessa Corridor on the Ned’s
    Creek JV Project (Figure 2).
    The significant intersections from the RC holes are from the shallow, supergene, zone of the Contessa
    prospect (see cross section 29,650mN, Figure 3) and included:
     11m @ 2.29 g/t Au incl. 1m @ 15.2 g/t Au from 52m in VCTRC0015, section 29,650mN,
     3m @ 3.61 g/t Au incl. 1m @ 8.25 g/t Au from 46m in VCTRC0012, section 29,690mN, and,
     5m @ 1.06 g/t Au incl. 1m @ 2.06 g/t Au from 47m in VCTRC0014, section 29650mN
    Previous significant intersections produced by Vango Mining from this zone include:
     16m @ 2.16 g/t Au from 84m incl. 4m @ 9.63 g/t Au in VCTRC00044
    In addition, results are pending from a further three pre-collared diamond drillholes that tested downplunge extensions of previously intersected high-grade gold mineralisation (see cross section 29,760mN,
    Figure 4) that included:
     4m @ 78 g/t Au from 140m in LNR02622
    , and,
     5.1m @ 28.1 g/t Au from 143m in diamond drillhole LND00333
 
watchlist Created with Sketch. Add VAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.