Vango Mining Ltd

About Vango Mining Ltd

Vango Mining Limited (ASX: VAN) is an ASX-listed resources company focussing on the development of quality gold and bauxite assets.

Vango Mining Ltd Description

Vango Mining Ltd (ASX: VAN) is an ASX-listed resources company focussing on the development of quality gold assets.

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Vale
It is with great sadness that we advise the passing of Peter Hepburn-Brown. On behalf of our Board of Directors, Executive Team and Contractors, Vango Mining Limited extends its deepest condolences to Peter’s loved-ones, as well as his close friends and colleagues. Peter was one of Nature's Gentlemen, and will be sorely missed by us all.

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Welcome to Vango Mining's latest Website: www.vangomining.com

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15 August 2018 High-grade gold intersections extend Trident to 500 metres west of main drilling area. This highlights the potential for a second high-grade gold system at the Trident gold deposit:
🔴VTRRCD0028: 3.5 metres at 10.9 grams of gold per tonne from 349 metres including 1.5 metres at 22.1 grams of gold per tonne from 350 metres;
... 🔴VTRDD0030: 2 metres at 4.9 grams of gold per tonne from 37 metres and 3.4 metres at 3.4 grams of gold per tonne from 68.6 metres including 1 metre at 7.2 grams of gold per tonne; and
🔴VTRRC0031: 6 metres at 3.7 grams of gold per tonne from 56 metres including 1 metre at 16.2 grams of gold per tonne from 57 metres.
Intersection in hole VTRRCD0028 confirms high‐grade gold mineralisation at Trident now extends at least 500 metres to the west (down‐dip) of the Deposit’s drill‐defined high‐grade zone.
Biotite alteration and trace gold in VTRRCD0029 confirms mineralised system to 1000 metres down dip from surface – indicating potential for deep extensions of the Trident gold mineralised system.
This programme was designed to test the deeper parts of the Trident mineralisation system, as well as further defining the near surface oxide material on the western side of the deposit.
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LATEST RELEASE!
Drilling to test new high-grade gold targets at Plutonic Dome
Vango Mining is continuing its drilling programme and is now testing a series of high‐grade gold targets at the Trident and Cinnamon deposits:
... 1. Deeper drilling in progress to test for repeats of the high‐grade Trident gold deposit at depth;
2. Drilling also testing the western extension of Trident for near surface metallurgy and access; and
3. Diamond drilling also planned to test high‐grade zones at the Cinnamon gold deposit.
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Share placement strongly supported by investors to raise $5.1M
Vango Mining has agreed terms with sophisticated & professional investors to raise $5.1m; DJ Carmichael Pty Limited (DJC) acted as Corporate Adviser and Lead Manager to the Share Placement; and the Company is now well positioned to advance its Plutonic Dome Gold Project.
... Vango Mining has agreed terms for a share placement to sophisticated and professional investors for approximately 28.3 million fully paid ordinary shares (“New Shares”) at $0.18 per New Share to raise approximately $5.1 million.
Funds raised will be used for planned exploration and development of the Company’s 100% owned Plutonic Dome Gold Project, and for working capital.
Options were offered on the basis of one free attaching option for every two New Shares, exercisable at $0.27 for each New Share and expiring two years from the date of issue (“New Option”).
Subject to rounding, 28,333,333 New Shares and 14,166,666 New Options were issued to eligible shareholders by Wednesday 11 July 2018.
It is the Company’s intention that the New Options will be listed for trading on the ASX, subject to ASX Listing Rule requirements. New Shares will be issued as soon as practicable under the Company’s available capacity pursuant to ASX Listing Rule 7.1A and New Options under ASX Listing Rule 7.1.
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"https://player.vimeo.com/video/2774 00433

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Further very high-grade gold interactions from the Trident gold deposit at Vango Mining Limited's 100% owned Plutonic Dome!
THESE LATEST RESULTS RELEASED ON 28 MAY 2018 INCLUDE:
🔴 7 metres at 18.2 grams of gold per tonne from 218 metres, including 2.02 metres at 44.0 grams of gold per tonne in hole VTRRCD0013.
... 🔴 3.76 metres at 12.8 grams of gold per tonne from 222.24 metres, including 1 metre at 40.5 grams of gold per tonne in hole VTRRCD0015.
🔴 11.48 metres at 11.5 grams of gold per tonne from 159 metres, including 4 metres at 26.1 grams of gold per tonne in hole VTRRCD0016.
These latest drilling results, and further results to come, will be interpreted and incorporated into a new high‐grade gold resource upgrade for the Trident gold deposit.
Mine planning will then be carried out to add Trident to a new, stand‐alone, mining and processing feasibility study plan.
NOTE: Results are pending for a further three drill‐holes from Trident and will be reported when available.
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Initial high-grade gold intersections from Trident gold deposit
Vango Mining Ltd has received the first assay results from its major resource drilling programme at the Plutonic Dome Gold Project in the mid-west region of Western Australia. The results from the first two Reverse Circulation (RC) holes and the first two Diamond Drill tails at Trident have included outstanding high-grade gold interactions:
... 🔴 6 metres at 15.37 grams of gold per tonne from 198 metres, including 🔴 4 metres at 22.5 grams of gold per tonne from 199 metres, and 🔴 0.39 metres at 101 grams of gold per tonne in hole VTRRCD0007.
🔴 3 metres at 5.76 grams of gold per tonne from 168 metres, including 🔴 1 metre at 14.33 grams of gold per tonne from 169 metres in hole VTRRC0005.
🔴 5 metres at 3.7 grams of gold per tonne from 123-129 metres, including 🔴 2 metres at 8.29 grams of gold per tonne from 127-129 metres in hole VTRRC0009.
The RC drilling component at Trident has been completed, with 19 holes drilled including 13 pre-collars for a total of 2,949 metres, and nine of a planned 13 diamond drill-holes have been completed to date for a total of 957 metres of diamond drill-core. Four diamond drill-hole tails remain to be completed and results will be released as they become available.
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Drill rig set-up at Trident commencing on 12 March 2018
High-grade resources for stand-alone gold project
... Major resource drilling programme with up to 40 reverse circulation and diamond drill-holes planned for 9,100 metres to commence week beginning Monday 12 March 2018.
Vango Mining Limited's LATEST drilling programme is designed to expand and develop the high-grade gold resource base to support a stand-alone mining and processing operation at Trident.
​This is the Company's largest and most significant drilling and pre-development programme at the Plutonic Dome region to date, and it will provide the information necessary to upgrade the high-grade resource base at Trident and K2.
​It will also facilitate the expansion of feasibility studies to include a proposed stand-alone mining and processing operation on site and allow the commencement of ore development from the K2 decline.
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Sunset over the drill convoy at Mount Magnet, heading to Vango Mining's tenements.

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ASX Announcement 23 Jan 2018 Vango Mining Secures New Strategic Shareholder
Vango Mining is pleased to welcome major Chinese commodity trader, Mr Guo YanChao, as a new strategic shareholder in the Company. Mr Guo has acquired a total of 28.5 million Vango Mining shares at a price of 5.5 cents share, for a total consideration of $1,567,500 (excluding transaction costs), in a series of on-market trades from a group of Vango Mining shareholders - outside of the Company's top fi...ve shareholders. Mr Guo is a highly successful and well-known businessman who has extensive understanding of the Chinese macro economy and global markets. He has more than 20 years' experience in commodity trading and futures investment, and is a major shareholder and senior executive of a major Chinese commodities trading house which has an annual turnover of more than U.S.$2 billion, and generates annual profits of in excess of U.S.$100 million. We are delighted to welcome Mr Guo to the Company's share register. He has a strong belief and confidence in the quality of Vango Mining's core asset - the 100% owned Plutonic Dome Gold Project in the mid-west region of Western Australia, and its exploration and development plans to realise the value of the Project. Mr Guo's initial investment in Vango Mining provides strong validation of the Company's plans to systematically develop the Plutonic Dome Project into a major gold mining operation. We are committed to continuing to advance the Project, and to maximise the value of Mr Guo's investment, and the investment of all shareholders, moving forward. Vango Mining plans to undertake a major field season at the Plutonic Dome Project in 2018, and will provide details of the proposed programs, including indicative timing of works, shortly.
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ASX Announcement 27 November 2017
VANGO MINING TO COMMENCE NEXT PHASE OF DRILLING AT THE HIGH-GRADE TRIDENT GOLD DEPOSIT!
Vango Mining to undertake a targeted pre‐collared diamond drilling programme of up to 17 holes for ~4,000 metres at the high‐grade Trident gold deposit at the Company’s 100%‐owned Plutonic Dome Gold Project in the mid-west region of Western Australia.... Drilling to commence in January 2018, and assay results to be released as they become available. This drilling programme is designed to better define and extend the very high‐grade core of the Trident Gold Deposit and upgrade indicated resources for economic evaluation to support a stand‐alone mining and processing operation. Planning is in progress for drilling to increase confidence and extend existing resources at the K2 deposit in preparation for the development of Vango Mining’s initial underground mine.
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Vango Mining Limited is pleased to announce two key appointments to its senior management team as the Company continues to advance the exploration and development of its 100%-owned Plutonic Dome Gold Project in the mid-west region of Western Australia. Peter Hepburn-Brown has been appointed to the position of Project Manager and Jon Dugdale has been appointed Chief Consulting Geologist.
Project Manager, Mr Hepburn-Brown will assume responsibility for the implementation of t...
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High-grade gold mineralisation
Vango Mining Limited is pleased to announce that during the May-June 2017 Trident Drilling Programme, four of the five diamond drilling holes intersected the high-grade gold mineralisation. This expands the known depth and width of the deposit in the area of the ramp. The two reverse circulation (RC) holes intersected the mineralised zone at a point 500 metres south along the same strike, thus expanding the known-length of the strike. Assay re...sults have been received and delivered exceptional results including:
11 metres at 20.2 grams of gold per tonne from 161 metres including 2 meters at 93 grams of gold per tonne in hole VTRRCD0001;
5.75 metres at 4.7 grams of gold per tonne from 192.25 metres including 1.75 metres at 10.48 grams of gold per tonne in hole VTRRCD0003;
7.15 metres at 17.1 grams of gold per tonne from 193.85 metres including 3.6 metres at 24.4 grams of gold per tonne in hole in VTRDD0003;
6.5 metres at 7.2 grams of gold per tonne from 199.5 metres including 2 metres at 14.7 grams of gold per tonne in hole VTRDD0001.
The drilling programme comprised five diamond core drill holes for 946 metres plus three RC drilling holes for 747 metres at Vango’s flagship Trident Gold Deposit. The drilling was designed to test the geometry of the high-grade “ramp” structure or flexure and possibly extend the high-grade zone of mineralisation. Each completed drill hole from the programme (7 of 9 holes) intersected the high-grade mineralised zone that remains open at depth on all three 40 metres spaced cross sections.

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Triple P (2017) - Tenement 396

More about Vango Mining Ltd

Vango Mining Ltd is located at Level 35, Suite 3542, Tower 1, 100 Barangaroo Avenue, Sydney, Australia 2000
0281144553
http://www.vangomining.com