RC Drilling Commences at Contessa
RC Drilling Commences at Contessa
Sydney, Oct 18, 2021 AEST (ABN Newswire) - Lodestar Minerals Limited (ASX:LSR) advises that a program of RC drilling has commenced at the Contessa gold prospect on the Ned's Creek JV with Vango Mining Limited (ASX:VAN). Vango is earning 51% interest by spending $5M on exploration over 3 years.

A key objective of the program is to test the granite contact as a potential structural control on high-grade gold at the Contessa prospect.

The RC drilling program, of up to 3,000m, will also test the supergene gold blanket adjacent to the granite contact at Contessa to assess the potential for defining an open pit resource. The drilling program is expected to take 2-3 weeks to complete.


About Vango Mining Limited

Vango MiningVango Mining Limited (ASX:VAN) is a minerals exploration mining company with ambitions of becoming a high-grade WA gold miner by developing the 100% owned Marymia Gold Project (Marymia) in the mid-west region of Western Australia. The Project comprises 45 granted mining leases over 300km. It has an established high-grade resource of 1Moz @ 3g/t Au, underpinned by the Trident Deposit, whose resource is 410koz @ 8g/t Au, with immediate extensions open at depth/along strike.

The Marymia Project has the potential to become one of Australia's largest high-grade producers. The Greenstone Belt in the Marymia region includes six major gold corridors, which remain largely un-tested beyond 100m depth - supported with an extensive drilling and geophysical database. Previous mining between 1992-2001, produced 580,000 ounces of gold almost entirely from open-pits.

Vango is focused on growing its high-grade gold resource to support a proposed stand-alone gold mining and production operation at Marymia. The Project is located along strike, immediately to the north of Superior Gold's (CVE:SGI) Plutonic Gold Mine which has produced more than 5.5Moz of gold.

  


Contact

Bruce McInnes
Executive Chairman
Vango Mining Limited
E: info@vangomining.com
T: +61 418 183 466
W: www.vangomining.com

Media and Investor Inquiries
James Moses
Mandate Corporate
E: james@mandatecorporate.com.au
T: +61 420 991 574



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Vango Mining Limited          

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