Drilling Commences at Kafunjo, UgandaDrilling Commences at Kafunjo, Uganda
VANCOUVER, BC, Jun 02, 2008 (MARKET WIRE via COMTEX News Network) --
VangoldResources Ltd. (TSX-V: VAN) (PINKSHEETS: VNGRF) ("Vangold"), further toa news release of May 21, 2008 announcing the drill program, drillingcommenced at the Kafunjo concession on May 25th. Mr. Locke Goldsmith,P.Eng., P.Geo., reports that as of June 1, the drilling was going welland that the first hole, logged to 288 meters, showed pyrrhotite withspecks of chalcopyrite in the bedding. This is similar to rock inprevious holes that were drilled in 1995. The target depth of this holeis 800 to 1000 meters. The drill program is designed to drill to thetargeted depth of the anomaly between 650 to 800 meters as defined bythe geophysics and gravity surveys. Work on Kafunjo is carried outunder the supervision of Mr. Goldsmith a qualified person as defined byNational Instrument 43-101.
Vangold is the largest concessionholder in Uganda through its wholly owned subsidiary, Rwenzori Copper& Nickel Limited. Vangold previously conducted exploration programsin Uganda from 1994 to 1998 and resumed active exploration efforts in2007. Vangold's Ugandan projects include the Kafunjo, Kilembe and WestNile properties.
The Kilembe property consists of 5 contiguouslicenses that cover copper-cobalt anomalies identified by Falconbridgeand are located near the past-producing copper-cobalt mine operated byFalconbridge from 1956 to 1972. Geological mapping and sampling areplanned for 2008.
The West Nile properties cover known goldoccurrences in the Ugandan greenstone belt directly east of the KiloMoto goldfields in the adjacent Democratic Republic of the Congo.Anglogold Ashanti has been actively exploring the district surroundingthe old Kilo mine since 2005 and Moto Goldfield's Moto Mine currentlyhas indicated resources in excess of 10 million ounces of gold andanother 11 million ounces in the inferred category. In Uganda, smallscale mining of placer gold at West Nile suggests that potential existsfor similar gold deposits in the geological continuity of thismineralized belt. In 2008 the Company plans to commence reconnaissanceexploration on the West Nile properties in the form of geologicalmapping and sampling.
All technical information in this pressrelease has been reviewed by Danae A. Voormeij, P.Geo, a qualifiedperson as defined by National Instrument 43-101.
To find outmore about Vangold Resources Ltd. please visit our website atwww.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by emailbrynelsen@vangold.ca.
On Behalf of the Board of VANGOLD RESOURCES LTD. "Dal Brynelsen" Dal Brynelsen, President and CEO
TheTSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of the content of this newsrelease.
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Contact: Vangold Resources Ltd. Suite 1730, 650 West Georgia StreetP.O. Box 11622 Vancouver, BC V6B 4N9 Phone: (604) 684-1974 Fax: (604)685-5970 www.vangold.ca
SOURCE: Vangold Resources Ltd.
https://www.vangold.ca
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