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Vango Mining halted with material drilling result from Marymia Gold Project pending

The company has recently engaged an executive recruitment company to help steer it through the next phase of growth.

Vango Mining Ltd - Vango Mining halted with material drilling result from Marymia Gold Project pending
Vango is primarily focused on exploration and development of its flagship Marymia project.

Vango Mining Ltd (ASX:VAN) has been granted a trading halt by the ASX as the company finalises an announcement regarding a material drilling result from the Mayrmia Gold Project.

The halt will remain in place until the beginning of ASX trading on Wednesday, January 6, 2021, or when an announcement is released to the market, whichever occurs earlier.

Shares of the company, which has a market cap of approximately $65 million, were trading almost 16% higher at 7.3 cents this morning before the halt.

Recruitment engagement

Recently the company has demonstrated commitment to upskilling its board and management team with the engagement of an executive recruitment company to help steer the company through the next phase of growth.

The gold explorer has made this engagement in a bid to find suitable individuals to bolster its expertise and capability.

Resource estimate this half

Vango’s imminent results are from a drill program at Marymia in WA’s Mid-West region which began in the third quarter of 2020,

Chairman Bruce McInnes said last year: “As we analyse the exploration results and our understanding of Marymia continues to grow, we will release an upgraded resource estimate in the first half of 2021 along with the exploration targets for our next phase of growth.”

Quick facts: Vango Mining Ltd

Price: 0.068 AUD

ASX:VAN
Market: ASX
Market Cap: $70.26 m
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