Vantex Intersects 1.01 g/t Au Over 144 Metres on Galloway's Hendrik Zone
(firmenpresse) - LA PRAIRIE, QUEBEC -- (Marketwire) -- 07/26/11 -- The management of Vantex Resources Ltd (TSX VENTURE: VAX) (FRANKFURT: UD7A) (ALPHA: VAX) is pleased to announce that it has intersected in drill hole VPE11-36, 558.70 metres of mineralization, along the hole, grading 0.56 g/t Au and 1.11 g/t Ag including a section of 144 metres that returned 1.01 g/t Au and 1.23 g/t Ag. This drill hole was done 125 metres east of drill hole KHD84-01 (hole done by Kerr Addison Mines) and is located in the Hendrik zone.
Drilling location map :
Galloway property map :
"We are very pleased with these results. It appears that the Hendrik zone, although deeper, offers great potential for gold. Many smaller zones within this drill hole, returned grades between 2 g/t Au up to more than 11 g/t Au." mentionned Mr. Guy Morissette, CEO of Vantex.
The management of the Company plans to do more deep drill holes in this area in order to test its lateral extensions and verify the continuity of the richest gold zones. The next drilling campaign will start in August. Additional drilling will also take place to test exploration targets in the north sector of the property (Soaker Hill showing) as well as in the north east extension of the GP zone.
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.
Acquisition in 32G10
Management also announces the acquisition of 20 cells, by map designation, in the 32G10 area. Many gold deposits are known in this area namely the Philibert, Chevrier and Joe Man deposits. The Company intends to partner with other companies to develop this new property. These cells are pending approval.
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.
Contacts:
Source:
Guy Morissette
CEO
514-712-9753
Wayne Carlon
VP Business development
902-857-1043
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Datum: 26.07.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 37764
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contact information:
Town:
LA PRAIRIE, QUEBEC
Kategorie:
Mining & Metals
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