Marketwire
LA PRAIRIE, QUEBEC--(Marketwired - Sept. 23, 2013) - The management of Vantex Resources Ltd (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces the completion of a 500-meter drilling program on the Moriss zone. Three holes ranging from 100 to 250 meters intersected the targeted gold structures in the west extension of the main zone.
VM13-02 intersected a gold zone grading 4.27 g/t Au over 7.9 meters including 9.15 g/t Au on 3.5 meters. This gold section seems to correspond to the M2 zone located to the south of the main zone.
| Hole |
Zone |
From |
|
To* |
Width * |
Au |
Ag |
Mo |
Zn |
| |
|
(metres) |
|
|
(metres) |
(g/t) |
(g/t) |
(ppm) |
(ppm) |
| |
| VM13-02 |
Moriss |
89.85 |
- |
93.0 |
3.15 |
0.48 |
5.75 |
ns |
2335 |
| |
M2 |
156.0 |
- |
163.9 |
7.9 |
4.27 |
3.61 |
698 |
434 |
| Incluant |
|
160.4 |
- |
163.9 |
3.5 |
9.15 |
7.53 |
1116 |
612 |
| Incluant |
|
160.4 |
- |
161.4 |
1.0 |
16.07 |
12.5 |
3450 |
501 |
| |
|
161.4 |
- |
162.4 |
1.0 |
12.41 |
10.7 |
1650 |
2000 |
| |
|
162.4 |
- |
163.4 |
1.0 |
2.33 |
2.1 |
170 |
190 |
| VM13-03 |
Moriss |
135.0 |
- |
140.0 |
5.0 |
2.18 |
4.34 |
ns |
1272 |
| Incluant |
|
135.0 |
- |
136.0 |
1.0 |
1.51 |
|
|
|
| |
|
139.0 |
- |
140.0 |
1.0 |
8.22 |
8.80 |
772 |
3750 |
| VM13-06 |
Moriss |
70.5 |
- |
79.5 |
9.5 |
0.35 |
|
|
|
Moreover, the company proceeded with a stripping program of an altered and mineralized shear zone located north of the Moriss showing. This new zone corresponds to an induced polarization anomaly (IP) detected in a geophysical survey done in 2011. The chosen samples from this zone show the presence of anomalous gold in the system.
This program was under the supervision of Daniel Kelly, consulting geologist and Qualified Person under NI 43-101. He read and approved this press release.
The board of directors also awarded 400,000 stock options to its officers and directors. These options are priced at $0.05 and are valid for a period of 5 years.
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.