Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Vantex Resources Ltd V.VAX

Alternate Symbol(s):  VANTF

Vantex Resources Ltd. is a Canada-based company engaged in acquiring, exploring, appraising and developing mining mineral properties. The Company has a 100% in 10 mining cells located in the Clericy Township. Its position in this geological sector is due to its proximity to the Destor-Porcupine fault and the presence of numerous gold occurrences in this sector.


TSXV:VAX - Post by User

Bullboard Posts
Post by Coldfrogon May 25, 2011 9:28am
236 Views
Post# 18622026

NEWS

NEWSVantex Resources Ltd.

TSX VENTURE : VAX
FRANKFURT : UD7A


Vantex Resources Ltd.

May 25, 2011 09:00 ET

Vantex Intersects 32.9 g/t Au Over 4 Metres on Galloway-Moriss Zone

LA PRAIRIE, QUEBEC--(Marketwire - May 25, 2011) - The management of Vantex Resources Ltd (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) is pleased to announce that 3 gold structures were intersected in drill hole VPE11-24 with one section returning 24.9 g/t Au over 5.3 metres, along the hole. Located under drill hole VPE10-13, this hole tested the in-depth extension of this section. Results show increased grades with in-depth continuity. Another zone intersected at 192 metres, along the hole, returned a grade of 1.37 g/t Au over 5.2 metres including 3.28 g/t Au over 1.5 metres.

Drill hole Zone From To Length* Grade
(metres) (metres) (metres) (g/t Au)
VPE11-24** Moriss 98.60 103.90 5.30 24.9
Including 98.60 102.60 4.00 32.9
Including 98.60 101.40 2.80 47.0
And South 184.50 196.50 12.00 0.78
Including 191.30 196.50 5.20 1.37
Including 195.00 196.50 1.50 3.28
And South 2 340.50 342.00 1.50 1.30
VPE11-25** Moriss 99.15 106.00 6.85 12.93
Including 99.15 102.00 2,85 29.18
Including 99,15 100.05 0.90 85.06
Including 101.15 102.00 0.85 7.57
VPE11-27 Moriss 107.30 114.00 6.70 3.95
Including 107.30 111.00 3.70 7.03
VPE11-28 Moriss 127.00 132.00 5.00 0.98
Including 129.00 131.00 2.00 2.00
VPE11-29 Moriss 45.00 47.00 2.00 7.32
Including 45.00 46.10 1.10 12.83
And South 70.00 72.00 2.00 4.47
Including 70.00 71.20 1.20 7.05
VPE11-30 Pending
VPE11-31 Pending
VPE11-32 Pending
VPE11-33 Pending
VPE11-34 Pending
VPE11-35 Pending
* All the sections are along the hole.
** Visible gold in the drill hole.

Map of the Galloway property : https://file.marketwire.com/release/GallowayProject.pdf

Drill holes location : https://file.marketwire.com/release/SecteurMoriss1.pdf

The extension of drill hole VPE10-19 did not return significant results. The Company will also extend drill hole VPE10-15 by 200 metres. The hole is located in the Hendrick zone and was previously stopped at 800 metres deep, in the mineralization.

The management is excited with these results. They keep showing the continuity of the main gold zones of the Moriss zone. This area is now outlined on a length of 200 metres and 200 metres deep.

" The Moriss zone continues to generate very good results. We cannot yet establish with certainty the connection between the GP and Moriss zones. Additional drilling will be necessary to confirm this possibility " commented Mr. Guy Morissette, CEO of the Company.

The 3000-meter drilling program continues as planned. All samples were tagged, bagged and shipped to Laboratoire Expert Inc., Rouyn-Noranda, where 30-gram pulp samples are prepared and assayed for gold (FAA). New gravimetric analysis (FA) are performed on all the samples with levels higher than 1.0 g/t Au. A strict QA/QC program including random insertion of blanks, standards and duplicate samples has been followed throughout the sample preparation. The NQ-size core is logged, sampled and split in two at the company's core shack in Rouyn-Noranda. The currents works are supervised by Mr. Daniel Kelly, independent geologist and Qualified Person under NI 43-101 guidelines.

This press release was read and approved by Daniel Kelly.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bullboard Posts