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Vango Mining Ltd

Vango Mining hits more high-grade gold at Plutonic Dome project

The company has launched a scoping study into a standalone mining and processing operation.

Map of Plutonic Dome project
Vango’s Plutonic Dome Gold Project is in Western Australia’s Mid-West

Vango Mining Ltd (ASX:VAN) has received further high-grade gold results from recent drilling at the Trident deposit within the Plutonic Dome Gold Project in Western Australia.

Results from three recent diamond drill holes at Trident add to high-grade results reported in April and May.

Resource update planned

The results of up to 8.8 metres at 6.1 g/t gold from 144 metres, including 3 metres at 9.8 g/t, will be incorporated into a resource update for the deposit.

Other results are 2.33 metres at 7.2 g/t from 161.92 metres, including 1.08 metres at 13.0 g/t; 2 metres at 7.3 g/t from 187 metres, including 1 metre at 10.7 g/t; and 3.3 metres at 6.7 g/t from 211.7 metres, including 1.3 metres at 15.3 g/t.

These results have extended the high-grade gold zone down-dip and along strike.

Drilling to test for deeper repeats

Due to the significant results, the company is continuing to test for deeper repeats of the high-grade gold zone in the overall structure of the ore body.

After the Trident resource update, mine planning will be carried out to add Trident to a standalone gold mining and processing plant scoping study for Plutonic Dome.

Scoping study underway

Vango has appointed Como Engineers to begin the study, which is expected to be complete early in the next quarter.

The plant will be designed to process a base case of high-grade gold resources from the Trident and K2 deposits.

It is targeting an annual processing rate of 250,000 tonnes, recovering up to 50,000 ounces for a minimum of five years.

Following the scoping study, Vango plans to undertake a definitive feasibility study for Plutonic Dome.

Quick facts: Vango Mining Ltd

Price: $0.20

Market: ASX
Market Cap: $124.31 m
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