Vango Mining Ltd. said March 9 that it will begin a 9,100-meter reverse circulation drilling program at the Plutonic Dome gold project in Western Australia.
The program aims to expand and define the high-grade resource base of the Trident and K2 deposits, which will be the basis for an updated mineral resource statement to potentially support a stand-alone gold operation at the project.
An update to the K2 deposit's definitive feasibility study in February 2017 estimated an increase in the project's pretax net present value, discounted at 8%, to A$19.0 million, from A$14.9 million in the October 2014 update.
Meanwhile, a predevelopment program, including dewatering of the K2 decline and open pit, will be conducted at the site concurrent to the drilling.
