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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's projects include the Galloway project, Renault Bay property, Lac Bousquet property, and Lac Fortune. The Galloway Project includes mining properties, such as Hurd, Ogima Nord, Sandborn, Perron, Francoeur, Cadillac Rang III, Renault Bay and Lac Fortune Ouest, all located in Dasserat Township, Abitibi. This Project has the potential for the development of open-pit gold deposits. The Renault Bay Property is located approximately 2.5 kilometers north of the Galloway shaft. The Lac Bousquet Property is in the Abitibi region of the province of Quebec, approximately 30 kilometers west of Rouyn-Noranda. The property consists of two claim blocks totaling 70 claims covering approximately 1,515.55 hectares. The Company holds the mining rights of the Lac Fortune Property, which comprises over 17 claims.


TSXV:VAX - Post by User

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Post by eastofedenon Mar 12, 2013 12:10pm
202 Views
Post# 21116434

News

News

 

Vantex Resources Ltd. 

TSX VENTURE : VAX
FRANKFURT : UD7A
ALP : VAX


Vantex Resources Ltd. 

March 12, 2013 11:53 ET

Vantex Resumes Drilling on Moriss

 

 

LA PRAIRIE, QUEBEC--(Marketwire - March 12, 2013) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces the start of a 5,000-meter drilling campaign on the Moriss zone, in the west part of the Galloway project. 20 drill holes with lengths between 250 and 350 metres will be drilled in order to test the lateral and depth extensions of this gold zone that is now known over 225 metres on surface and down to 200 metres below surface.

Location of new drill holes : https://media3.marketwire.com/docs/Drill_map.pdf

The Moriss showing forms with the GP and Hendrick showings, the Golden Triangle area.

Many drill holes that took place on the Moriss showing since 2010 outline an important gold system comprised of many zones with high gold grades, namely the Moriss and Moriss North zones. These zones also contain elevated silver grades.

The following table highlights previous drill results from these two zones :

         
Drill Hole Zone Intersection Grade Depth
    metres g/t Au metres
VPE10-02 Moriss 4.75 7.72 87.0 - 91.75
VPE10-06 Moriss 10.50 3.80 97.5 - 108.0
VPE10-10 Moriss 5.35 11.40 101.0 - 106.35
VPE10-11 Moriss N* 22.50 8.63 84.0 - 106.5
Including   5.50 19.06 84.0 - 89.5
And   6.00 14.63 100.5 - 106.5
And Moriss 6.25 3.07 146.75 - 153.0
VPE10-17 Moriss 5.90 5.06 106.3 - 112.2
VPE10-18 Moriss N 9.00 7.97 48.0 - 57.0
VPE10-19 Moriss 4.15 18.43 103.5 - 106.65
VPE10-21 Moriss N 10.50 1.85 124.5 - 135.0
  Moriss 4.50 1.86 145.5 - 150.0
VPE10-23 MorissN 3.00 16.32 54.0 - 57.0
VPE11-24 Moriss 5.30 24.87 98.6 - 103.9
VPE11-25 Moriss 6.85 12.93 99.15 - 106.0
VPE11-27 Moriss 6.70 3.84 107.3 - 114.0
VPE11-28 Moriss 2.00 2.00 129.0 - 131.0
VPE11-29 Moriss 2.00 7.32 45.0 - 47.0
VPE11-30 MorissN 3.00 1.54 54.1 - 57.1
VPE11-37 Moriss N 6.00 7.79 94.5 - 100.5
VPE11-42 Moriss 5.00 5.11 98.6 - 103.6
VPE12-50 Moriss N 6.20 59.51 58.0 - 64.2
et Moriss 5.05 5.09 117.85 - 122.9
*Moriss North
 

The drilling program will be under the supervision of Daniel Kelly, geological engineer and Qualified Person under NI 43-101. This press release was read and approved by Mr. Kelly.

For additional information on Vantex Resources, visit our website at: https://www.vantexressources.com.

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.

 

 

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