LA PRAIRIE, QUEBEC--(Marketwire - March 22, 2011) - The management of Vantex Resources Ltd (News - Market indicators) is pleased to provide drilling results from the latest drilling campaign from the GP zone, located south-west of the Galloway property. Many gold sections grading more than 0.50 g/t Au over 100 metres or more were intersected during this campaign. Drill holes VHD10-31, VHD10-25 and VHD10-35 intersected along the hole, 0.72 g/t Au over 186 metres, 0.51 g/t Au over 157 metres and 0.53 g/t Au over 150 metres. Drill hole VHD10-34 intersected 0.52 g/t Au over 112.5 metres while VHD10-36 returned 0.53 g/t Au over 102 metres. VHD10-49 also intersected gold grades of 0.54 g/t Au over 111 metres.
This new drilling performed on the GP zone (Galloway-Pitchvein) totalled 8,100 metres for 29 drill holes. Most holes intersected significant values except for VHD10-50, VHD10-52 and VHD10-53 as well as VHD10-38 and 39 (short holes in the cobalt sediments).
GP ZONE – 2010 DRILLING
| Drill hole |
Zone |
Intersection |
Width |
Grade |
Angle |
| |
|
(metres) |
(metres) |
(g/t Au) |
° |
| |
|
|
|
|
|
| VHD10-24 |
GP |
8.80 - 69.00 |
60.20 |
.54 |
-65 |
| Including |
|
30.35 - 55.50 |
25.15 |
.70 |
|
| |
|
|
|
|
|
| And |
|
102.00 - 108.00 |
6.00 |
.61 |
|
| And |
|
112.50 - 115.50 |
3.00 |
.63 |
|
| And |
|
129.00 - 135.00 |
6.00 |
.85 |
|
| And |
|
174.00 - 177.00 |
3.00 |
.55 |
|
| And |
|
192.00 - 195.00 |
3.00 |
.62 |
|
| |
|
|
|
|
|
| VHD10-25 |
GP |
6.35 - 163.50 |
157.15 |
.52 |
-65 |
| Including |
|
36.00 - 45.00 |
9.00 |
1.04 |
|
| |
|
67.50 - 81.00 |
13.50 |
1.01 |
|
| |
|
|
|
|
|
| VHD10-26 |
GP |
9.00 - 52.70 |
43.70 |
.82 |
-55 |
| Including |
|
9.00 - 33.25 |
24.25 |
1.02 |
|
| |
|
10.50 - 25.20 |
14.70 |
1.28 |
|
| |
|
15.95 - 25.20 |
9.25 |
1.45 |
|
| |
|
|
|
|
|
| VHD10-27 |
GP |
10.00 - 44.14 |
34.14 |
.53 |
-45 |
| |
|
|
|
|
|
| VHD10-28 |
GP |
31.50 - 67.50 |
36.00 |
.57 |
-45 |
| And |
|
117.00 - 124.50 |
7.50 |
.67 |
|
| And |
|
139.50 - 154.50 |
15.00 |
.70 |
|
| |
|
|
|
|
|
| VHD10-29 |
GP |
85.50 - 108.00 |
22.50 |
.70 |
-67 |
| Including |
|
85.50 - 97.50 |
12.00 |
1.05 |
|
| And |
|
127.00 - 132.00 |
5.00 |
.56 |
|
| |
|
|
|
|
|
| VHD10-30 |
GP |
16.50 - 84.00 |
67.50 |
.50 |
-65 |
| And |
|
133.50 - 186.00 |
52.50 |
.55 |
|
| And |
|
226.50 - 234.00 |
7.50 |
1.07 |
|
| |
|
|
|
|
|
| VHD10-31 |
GP |
1.50 - 252.50 |
250.50 |
.59 |
-75 |
| Including |
|
1.50 - 187.50 |
186.00 |
.72 |
|
| |
|
16.50 - 54.00 |
37.50 |
1.04 |
|
| |
|
93.00 - 112.50 |
19.50 |
1.86 |
|
| |
|
|
|
|
|
| VHD10-32 |
GP |
7.50 - 85.50 |
78.00 |
.50 |
-45 |
| And |
|
100.50 - 109.50 |
9.00 |
.68 |
|
| And |
|
141.00 - 150.00 |
9.00 |
.54 |
|
| And |
|
183.00 - 189.00 |
6.00 |
.56 |
|
| And |
|
220.50 - 223.50 |
3.00 |
1.07 |
|
| |
|
|
|
|
|
| VHD10-33 |
GP |
102.00 - 123.00 |
21.00 |
.58 |
-65 |
| And |
|
319.50 - 324.00 |
4.50 |
.67 |
|
| And |
|
334.50 - 337.50 |
3.00 |
1.05 |
|
| |
|
|
|
|
|
| VHD10-34 |
GP |
8.00 - 130.50 |
122.50 |
.52 |
-45 |
| And |
|
145.50 - 157.50 |
12.00 |
.53 |
|
| And |
|
196.50 - 274.50 |
78.00 |
.51 |
|
| |
|
|
|
|
|
| VHD10-35 |
GP |
22.50 - 96.00 |
73.50 |
.56 |
-45 |
| Including |
|
22.50 - 37.50 |
15.00 |
1.10 |
|
| And |
|
147.00 - 297.00 |
150.00 |
.53 |
|
| |
|
|
|
|
|
| VHD10-36 |
GP |
12.00 - 114.00 |
102.00 |
.53 |
-60 |
| And |
|
123.00 - 160.50 |
37.50 |
.53 |
|
| Including |
|
148.50 - 157.50 |
9.00 |
1.21 |
|
| And |
|
210.00 - 217.50 |
7.50 |
.89 |
|
| And |
|
234.00 - 241.50 |
7.50 |
.52 |
|
| And |
|
291.50 - 354.00 |
62.50 |
.54 |
|
| And |
|
379.50 - 393.00 |
13.50 |
.50 |
|
| |
|
|
|
|
|
| VHD10-40 |
GP |
13.50 - 27.00 |
13.50 |
.68 |
-71 |
| And |
|
61.50 - 72.00 |
10.50 |
.63 |
|
| And |
|
84.00 - 93.00 |
9.00 |
.52 |
|
| And |
|
172.50 - 184.50 |
12.00 |
.53 |
|
| |
|
|
|
|
|
| VHD10-43 |
GP |
22.40 - 24.00 |
1.60 |
1.55 |
-60 |
| And |
|
139.50 - 144.00 |
4.50 |
.66 |
|
| And |
|
166.50 - 177.00 |
10.50 |
.70 |
|
| And |
|
301.50 - 354.00 |
52.50 |
.69 |
|
| Including |
|
310.50 - 322.50 |
12.00 |
1.42 |
|
| |
|
|
|
|
|
| VHD10-44 |
GP |
84.00 - 87.00 |
3.00 |
.68 |
-45 |
| And |
|
99.00 - 103.50 |
4.50 |
.54 |
|
| And |
|
124.50 - 136.50 |
12.00 |
.67 |
|
| And |
|
204.00 - 207.00 |
3.00 |
.50 |
|
| And |
|
328.50 - 331.50 |
3.00 |
.98 |
|
| |
|
|
|
|
|
| VHD10-45 |
GP |
10.50 - 37.50 |
27.00 |
.65 |
-50 |
| And |
|
63.00 - 99.00 |
36.00 |
.55 |
|
| And |
|
124.50 - 130.50 |
6.00 |
.51 |
|
| And |
|
145.50 - 180.00 |
34.50 |
.53 |
|
| Including |
|
145.50 - 151.00 |
6.00 |
1.25 |
|
| |
|
|
|
|
|
| VHD10-46 |
GP |
52.50 - 55.50 |
3.00 |
1.75 |
-45 |
| And |
|
177.00 - 273.00 |
96.00 |
.50 |
|
| Including |
|
210.00 - 217.50 |
7.50 |
1.87 |
|
| |
|
|
|
|
|
| VHD10-47 |
GP |
156.00 - 160.50 |
4.50 |
.55 |
-45 |
| And |
|
181.50 - 192.00 |
10.50 |
1.79 |
|
| And |
|
234.00 - 243.00 |
9.00 |
.52 |
|
| And |
|
286.50 - 301.50 |
15.00 |
.65 |
|
| And |
|
397.50 - 400.00 |
2.50 |
1.51 |
|
| |
|
|
|
|
|
| VHD10-48 |
GP |
294.00 - 303.00 |
9.00 |
.50 |
-55 |
| VHD10-49 |
GP |
139.50 - 148.50 |
9.00 |
.51 |
-65 |
| And |
|
213.00 - 324.00 |
111.00 |
.54 |
|
| And |
|
288.00 - 309.00 |
21.00 |
1.16 |
|
| |
|
|
|
|
|
| VHD10-50B |
GP |
232.50 - 234.00 |
1.50 |
.80 |
-75 |
| And |
|
295.50 - 297.00 |
1.50 |
1.36 |
|
| |
|
|
|
|
|
| VHD10-51 |
GP |
49.50 - 60.00 |
10.50 |
.54 |
-45 |
| VHD10-55 |
GP |
124.50 - 211.50 |
87.00 |
.52 |
-50 |
| Including |
|
150.00 - 159.00 |
9.00 |
1.11 |
|
| And |
|
223.50 - 247.50 |
24.00 |
.50 |
|
| And |
|
256.50 - 262.50 |
6.00 |
.51 |
|
* All gold intersections mentioned are along the hole.
"Those results clearly show the great potential of the GP Zone and its surroundings. The newly discovered Moriss zone, located 500 metres to the west and the Hendrick zone, located in the south west extension of GP, forms along with the GP zone, what we can now call our Golden triangle. We believe that these zones can be connected. Our new 3,000-meter drilling campaign will start in April and will test this hypothesis" mentioned the company's CEO, Mr. Guy Morissette.
Moriss zone
Fifteen drill holes were completed within the environment of the new and important Moriss gold zone for a total of 3,300 metres ( See previous 2010 press releases ). These holes intersected many high grade gold structures. Management believes that this gold zone could be connected to the GP zone at its east extension.
Hendrick zone
A drill hole was performed in the Hendrick area and the results confirmed the gold potential of the south-west extension of the GP zone ( See December 12, 2009 press release ).
The company also completed six additional drill holes for 1,200 metres in order to test geophysics targets. Two holes located 2.5 kilometres north-east of the GP zone were abandonned due to access problem. Three other were drilled in the Soaker Hill area, located 1 kilometre north of the GP zone. No significant results were obtained from these exploratory holes.
Drill holes VHD10-37, VHD10-41, VHD10-42 and VHD10-54 were not done due to access problems.
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 work program is being supervised by Mr. Jeannot Theberge and Mr. Daniel Kelly, Geologists and Qualified Persons under the NI 43-101 guidelines. Mr. Kelly has read and approved this press release.
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.
