Vango Mining Ltd (VAN) - ASX Release

BROAD AND HIGH-GRADE GOLD INTERSECTIONS AT CINNAMON

Drilling Confirms Strike Length of 2.4km

HIGHLIGHTS

  • High Grade gold results have been received from two initial diamond drill-holes completed at the Cinnamon gold deposit

  • Drilling has enhanced the potential of Cinnamon as a near-term development asset at Vango’s Plutonic Dome Gold Project in the Mid-West region of WA

  • Highlight results include:

    VBGRCD0001:

    • 10m @ 2.69 g/t Au from 106m including 0.9m @ 10.31 g/t Au & 2m @ 8.5 g/t Au, and,

    • 5m @ 3.03 g/t Au from 128m including 2m @ 5.64 g/t Au, and,

    • 2m @ 20.78 g/t Au from 164m and,

    • 4m @ 3.14 g/t from 179m including 2m @ 5.35 g/t Au from 180m.

    VBGRCD0002:

    • 19m @ 3.04 g/t Au from 74m including 10m @ 4.06 g/t Au.

  • Wide intervals of shearing, alteration & elevated gold in both holes indicate a large mineralised system with potential for extensions and repeats of Cinnamon’s gold mineralised zones.

Gold exploration and development company, Vango Mining Limited (ASX:VAN), today announces broad, high-grade, gold intersections from its initial drilling programme at the Cinnamon gold deposit, at the 100%‐owned Plutonic Dome Gold Project (“Plutonic Dome”) in the Mid-West region of Western Australia (See inset Figure 1 for location and Figure 5 for Plutonic Dome geology).

This initial diamond drilling programme was designed to test and extend existing gold mineralised zones and provide geological information to characterise and identify the potential controls on the mineralised system. This initial programme of two diamond drill-holes, for 600m of drilling, was completed early this month.

The diamond drilling has successfully confirmed the high-grade mineralisation at Cinnamon that extends for 2.4km to the northeast in the direction of the Cobalt prospect. Significant gold has been identified at the Cinnamon, Budgie and Cobalt prospects along this 2.4km strike (see Figure 1). Further drilling is planned to better define and extend the Cinnamon gold mineralised zones and target further discoveries along the strike of the conglomerate, and to further enhance Cinnamon’s potential as a near-term development asset.

Key gold intersections produced from these initial two diamond drill-holes at Cinnamon include:

VBGRCD0001 (see cross section Figure 3):

  • 10m @ 2.69 g/t Au from 106m including 0.9m @ 10.31 g/t Au & 2m @ 8.5 g/t Au from 114m,

  • 5m @ 3.03 g/t Au from 128m including 2m @ 5.64 g/t Au from 131m,

  • 2m @ 20.78 g/t Au including 1m @ 38.8 g/t Au from 164m, and,

  • 4m @ 3.14 g/t from 179m including 2m @ 5.35 g/t Au from 180m.

VBGRCD0002 (see cross section Figure 4):

  • 19m @ 3.04 g/t Au from 74m including 10m @ 4.06 g/t Au from 79m.


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