Vantex Resumes Drilling on the Moriss Zone-Galloway Project
(firmenpresse) - LA PRAIRIE, QUEBEC -- (Marketwire) -- 08/26/11 -- The management of Vantex Resources Ltd (TSX VENTURE: VAX)(FRANKFURT: UD7A)(ALPHA: VAX)announces the start of a drilling program on the Moriss showing of the Galloway project, located in Rouyn-Noranda. This campaign will start in early September 2011.
This drilling campaign will test the West extension of the Moriss zone as well as the dip of the 5 different gold zones that were previously discovered by drilling in 2010 and 2011.
Also, to better understand this new and very important gold showing, the company is planning a surface stripping campaign. As a reminder, previous drilling on the Moriss zone returned many high grade gold intersections ( See previous press releases ). The Moriss showing is a top priority for management and could be followed by a resource estimate as soon as the results of the current drill program are obtained.
With regards to the current resource estimate being performed on the GP zone, SRK Consulting of Toronto, plans on completing the report this Fall. URSTM of Rouyn-Noranda will also proceed with different tests on the ore of the GP zone. These tests will evaluate the GP gold resource for its recovery, by cyanidation and gravimetry, its grindability and ore density. A sample of 3 metric tons will be sent to the University lab and results will be available this Fall.
The Hurd zone, located one kilometre from the GP zone in its North-east extension, will also be the site of a surface stripping campaign. Historical data shows the presence of gold, silver and molybdenum on surface as well as in previous drill holes.
These works will be supervised by Mr. Daniel Kelly, consulting geological engineer and Qualified Person as per NI 43-101. This press release was read and approved by Mr. 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.
Contacts:
Guy Morissette
CEO
514-712-9753
Wayne Carlon
VP Business development
902-857-1043
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Datum: 26.08.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 59660
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LA PRAIRIE, QUEBEC
Kategorie:
Mining & Metals
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