Merger Mania Continues among Local Miners
Wedding bells continued to sound across the gold mining industry over the Christmas-New Year break, following on from the trend that emerged earlier in 2022.
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Vango Mining Limited
Vango Mining is exploration focused on drilling near-term development and production targets to build the resource base, in parallel with targeting significant high-grade discoveries at depth.
The Marymia Gold Project has the potential to become one of Australia’s largest high-grade production projects. The Company has the team and strategy in place to realise this goal and deliver significant shareholder value.
The Greenstone Belt at the Marymia region includes six major gold corridors – all on granted mining leases. These remain largely un-tested at depth. The geology is primarily formed of volcanic rocks, dominated by basalt, with minor sedimentary rocks inter-leaving the volcanic formations.
Alongside many gold deposits across the Marymia region, and the company’s targets, including the addition of a camp on site, the upgrade of the air strip and the expanding management team led by a dedicated board of directors and experienced management team, Vango Mining is planning to develop the project to become Australia’s newest and most exciting gold mining operation.
Historical mining by Resolute between 1992-2001, produced 580,000 ounces of gold almost entirely from open-pits, with extensive drilling database, but deeper (<100 metres) largely untested.
With the company’s strong shareholder support, Vango Mining will maintain its course to capitalise on extensive drilling results to bring the company’s gold projects on line with a plan to develop each of the assets currently being explored.
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