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Vantex Intersects 0.53 g/t Au Over 124.5 Metres on Galloway
Published : January 29, 2013
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LA PRAIRIE, QUEBEC--(Marketwire - Jan. 29, 2013) - Vantex Resources Ltd. (News - Market indicators)(FRANKFURT:UD7A)(ALPHA:VAX) is pleased to report its latest drilling results from a drilling campaign conducted at the end of 2012. This phase of drilling has allowed the company to test different geophysical and geological zones located mainly in the north-eastern extension of the GP zone, in the Hurd showing area.

Drill hole VHD12-57 intersected 0.53 gt/Au over 124.50 metres, including a section of 15 metres grading 1.20 gt/Au while drill hole VHD12-59 returned 0.62 gt/Au over 102 metres, including 25.50 metres at 1.28 gt/Au. These two drill holes are located approximately 800 metres north-east of the GP zone.

Within this same area (Hurd), the company intersected in 2009 (VHD09-19) 0.64 gt/Au over 45 metres, including 3 metres at 3.03 gt/Au while a historical drill hole conducted by Silver Century in 1995 intersected 172.70 metres at 0.52 gt/Au, including 4 metres at 2.25 gt/Au.

"It is possible that the Hurd area is the north-east extension of the GP zone. However, the rocks observed on Hurd are much more fractured and brittled. The presence of a fault system located in this area could explain this difference. This zone was intersected down to a vertical depth of 200 metres and remains open both laterally and in depth. The company will most likely further investigate this zone in 2013. The Galloway project as a whole, seems to contain many gold zones ranging from low to high grades (Moriss zone) which allows us to believe that we could be in the presence of a significant gold resource," stated Mr. Guy Morissette, CEO of Vantex.

Drill hole VHD12-56, located 2 km from the GP zone, intersected a new anomalous gold zone that returned 0.82 gt/Au over 10.50 metres.

North of the GP zone, drill hole VHD12-60 also intersected a new gold zone that returned 1.73 gt/Au over 4.80 metres. This zone corresponds to a quartz vein containing 30% massive sulfides.

Hurd drill map: http://media3.marketwire.com/docs/Forages_secteur_Hurd.pdf

The work was done under the supervision of Mr. Daniel Kelly, consulting geological engineer and Qualified Person under NI 43-101. He has read and approved this press release.

During the drilling, the samples were stored, packaged and sent to Laboratoire Expert Inc. in Rouyn-Noranda, to be analyzed for gold content using a sample of 30 gram pulp FAA. New FA gravimetric assays were performed on samples whose content was higher than 1000 ppb. A rigorous QA / QC including random insertion of mineralized standards and samples (sterile) was used in the preparation. The NQ size core was described, sampled and split in two at the company's core shack in Rouyn-Noranda.

Moriss Zone

The company plans to resume a 5,000-meter drill program on the Moriss zone as soon as possible. It has obtained all the required permits for access and drill site (tree cutting).

For additional information on Vantex Resources, visit our website at: http://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.

Source :
Vantex Resources Ltd.
Guy Morissette
CEO
819-763-5096
www.vantexressources.com
or
For information :
Wayne Carlon
VP Business Development
902-857-1043
waynecarlon@eastlink.ca
Companies Mentionned : New Gold | Noranda |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Vantex Resources

EXPLORATION STAGE
CODE : VAX
ISIN : CA9219454084
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Vantex Res. is an exploration gold and copper company based in Canada.

Vantex Res. holds various exploration projects in Canada.

Its main exploration properties are ST PIERRE, PAYNE, MANIC, PATICA BLOCK, PINACA BLOCK, SANTA ANNA, HEVA, GALLOWAY PROJECT, GUILLET, ANA and ANA - VANTEX in Canada.

Vantex Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 4.8 millions as of today (US$ 4.6 millions, € 3.6 millions).

Its stock quote reached its highest recent level on January 22, 2010 at CA$ 0.14, and its lowest recent point on February 26, 2010 at CA$ 0.10.

Vantex Res. has 80 210 000 shares outstanding.

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Annual reports of Vantex Resources
2008 Annual report
2007 Annual report
Financings of Vantex Resources
3/8/2013Closes First Tranche of Financing
5/3/2011Completes a $193,400 Financing in Common Share Units
Option Grants of Vantex Resources
9/12/2012Reduces Stock Option Plan
Project news of Vantex Resources
4/3/2013(Galloway Project)s on Current Drilling on the Moriss Zone of the Galloway Pro...
2/23/2011(Santa Anna)The Superior Court Approves the Plan of Arrangement Proposed...
11/12/2010(Galloway Project)Vantex Intersects 8.21 G/T AU Over 22.5 Metres On Galloway
2/27/2007(Guillet)Makes Important Gold Discovery in Guillet
Corporate news of Vantex Resources
5/8/2013Intersects 137.9 g/t Au Over 1.4 M on Moriss
3/28/2013to Renew Its Shareholder Rights Plan
2/5/2013Announces Flow Through Units Offering for a Maximum of $504,...
1/29/2013Intersects 0.53 g/t Au Over 124.5 Metres on Galloway
1/16/2013Expands Land Position at Moriss Zone Exploration to Target H...
12/20/2012s on Galloway Drilling
11/7/2012Acquires the Lac Fortune West Property
10/2/2012Rob McEwen Increases Stake in Vantex
9/19/2012Announces Initial Mineral Resource Statement for GP Gold Dep...
5/12/2011Hires SRK Consulting
4/28/2011Intersects 5.3 Metres at 24.9 g/t Au on Moriss
3/22/2011Cuts 186 Metres at 0.72 g/t Au on Galloway
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