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.