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Vango Mining non-executive director endorses company’s gold exploration strategy with on-market purchase

The company recently announced a bonanza-grade gold zone near the 410,000-ounce Trident resource at its Marymia Gold Project.

Vango Mining Ltd - Vango Mining non-executive director endorses the company’s exploration strategy with on market share purchase
Yan Chao Guo now holds almost 162.64 million shares in direct and indirect interests.

Vango Mining Ltd’s (ASX:VAN) non-executive director Yan Chao Guo has shown support for the company’s exploration strategy across its Marymia Gold Project with on-market purchases.

Between December 29 and 31, Guo acquired 1,523,568 shares at $0.062 per share in a direct interest, taking his total securities in that interest to 98,053,706 with another 64,585,548 held in an indirect interest.

At Marymia, the company recently hit a bonanza-grade intersection at the Trident Extension zone of 9 metres at 26.2 g/t gold from 137 metres, including 2 metres at 102.2 g/t from 139 metres.

Bonanza gold zone

This intersection represents a significant zone of mineralisation a further 250 metres to the northeast of the previously announced Trident resource of 410,000 ounces at 8 g/t.

The company believes the results could highlight the potential for a contiguous mineralised zone from Marwest/Mars deposit and Trident.

Vango remains on track to deliver a substantial resource upgrade at the Marymia Project in the first half of this year.

Quick facts: Vango Mining Ltd

Price: 0.065 AUD

ASX:VAN
Market: ASX
Market Cap: $67.17 m
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Vango Mining Ltd's (ASX:VAN) chairman Bruce McInnes caught up with Proactive's Andrew Scott soon after releasing results from its Marymia gold project which revealed a 'bonanza' grade intersection from the Trident Extension zone of 9 metres at 26.2 g/t gold, including 2 metres at 102.2 g/t....

on 13/1/21

2 min read