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Vango Mining in trading halt ahead of news on Marymia Gold Project drill results

Vango chairman Bruce McInnes said recently that the potential of Marymia continued to grow along with the gold mineralisation footprint.

Vango Mining Ltd - Vango Mining in trading halt ahead of material update and Marymia Gold Project drilling results
RC drilling is testing the K1 lode system below the previously mined open-pit, 1-1.5 kilometres northeast of PHB-1

Vango Mining Ltd (ASX:VAN) has been granted a trading halt ahead of a material update to drilling results at the Marymia Gold Project in Western Australia.

The trading halt will remain in place until the beginning of regular ASX trading on Friday, September 25, or when an announcement is released to the market, whichever occurs earliest.

Vango has a market cap of approximately $99.4 million and shares last traded at 10 cents.

Marymia high-grade results 

Recent high-grade results from drilling of the PHB Corridor have confirmed extensions of all three major lode structures at the Marymia project.

Initial results from PHB-1 include high-grade intersections from extensions of Main Lode while thick, moderate grade intersections highlight deeper West Lode resource potential.

The best result from Main Lode was 4.0 metres at 6.56 g/t gold from 87 metres, including 3 metres at 8.07 g/t from 88 metres and 1-metre at 12.5 g/t from 87 metres, also from 88 metres.

At the time Vango chairman Bruce McInnes said the potential of Marymia continued to grow with the gold mineralisation footprint.

Quick facts: Vango Mining Ltd

Price: 0.098 AUD

ASX:VAN
Market: ASX
Market Cap: $97.37 m
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