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Vango Mining adds to skillset as part of ongoing board refresh and review

Stage-2 drilling at the Marymia Gold Project is being planned to build upon high-grade resources, targeting an upgrade in the first half of 2021.

Vango Mining Ltd - Vango Mining strengthens board with changes to management as part of business review
Drilling is also underway at the Ned’s Creek Farm-in JV project near Meekatharra, Western Australia

Vango Mining Ltd (ASX:VAN) has enhanced the skillset of its directors as part of an ongoing review and refresh of the board.

Matthew Keegan has been appointed as an independent non‐executive director, effective today.   

He is a geologist and mining sector professional with a diverse background in operational and corporate roles spanning across 25 years.   

Keegan was formerly the executive chairman of CoalMont Pty Ltd, where his main area of focus was on developing the Michel Creek Hard Coking Coal Project in the Elk Valley, Canada.

His previous roles include senior mining analyst at AME Mineral Economics and operational geology roles for various companies, including Rio Tinto, Barrick and Western Mining commodity experience including gold, nickel, iron ore and coking coal.  

The review has also seen Vango director Dr Zhenzhu (Carol) Zhang moved from her role as an executive director to that of a non-executive director.

Continued focus of adding new skills        

Executive chairman Bruce McInnes said: “Carol has played a significant role in the growth of our company over the past five years, both as a director and as one of the company’s largest shareholders.  

“I look forward to continuing to work with Carol in her new role as a non-executive director.

“I also welcome Matthew to the board.

“His experience and diverse skill set will be invaluable to the board and management team as we continue to explore and develop the Marymia Gold Project, with the aim of developing a significant gold production centre.

“Matthew’s appointment continues our focus on adding new skills to the board to best position Vango to achieve its corporate objectives.”  

Extensions to K1 lode discovery at Marymia

Vango recently extended the recent K1 lode gold discovery after receiving high-grade results from stage-1 drilling at the Marymia Gold Project in Western Australia.

Results from the final eight of 11 broad-spaced reverse circulation (RC) holes at K1, part of the current 36,000-metre drilling program, have extended the discovery below K1 pit.

New intersections include:

  • 4 metres at 10.9 g/t gold, including 2 metres at 20.1 g/t from 161 metres;
  • 4 metres at 5.16 g/t, including 1-metre at 13.7 g/t from 78 metres; and
  • 11 metres at 2.58 g/t, including 1-metre 20 g/t from 102 metres.
  • The new lode intersections both confirm and extend the recent K1 lode discovery in the PHB Corridor to more than 1-kilometre and open at depth.

Quick facts: Vango Mining Ltd

Price: 0.073 AUD

ASX:VAN
Market: ASX
Market Cap: $72.53 m
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Vango Mining's Andrew Stocks delighted with further high-grade results from...

Vango Mining Ltd's (ASX:VAN) Andrew Stocks tells Proactive's Andrew Scott they've extended the recent K1 lode gold discovery after receiving high-grade results from stage-1 drilling at the Marymia Gold Project in Western Australia. Results from the final eight of 11 broad-spaced reverse...

on 22/10/20

2 min read