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Vango Mining non-executive director further endorses company’s gold 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 remains on track to deliver a substantial resource upgrade at the Marymia Project in the first half of this year.

Vango Mining Ltd (ASX:VAN) non-executive director Yan Chao Guo has demonstrated confidence in the company's exploration strategy at the Marymia Gold Project in Western Australia with the purchase of shares in on-market transactions.

On January 11 and 12, Guo acquired 1.2 million shares at 7.7 cents per share in a direct interest, increasing the total number of securities held in that interest to 99,253,706 with a further 64,585,548 held in an indirect interest.

This move follows purchases made between December 29 and 31 where Guo acquired 1,523,568 shares at 6.2 cents per share in the direct interest.

Bonanza gold zone

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.

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 resource upgrade at the Marymia Project in the first half of this year.

Quick facts: Vango Mining Ltd

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Price: 0.064 AUD

Market Cap: $70.35 m

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Vango Mining to begin 2021 field season this week at Marymia

Vango Mining Ltd's (ASX:VAN) Bruce McInnes tells Proactive they're due to start a major resource expansion drilling campaign this week at its Marymia gold project in Western Australia. He says the minimum 15,000-metre RC resource expansion drilling program is designed to deliver a resource...

on 5/7/21

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