Update on the Ongoing Work Program on Galloway
September 14 2010 - 7:00AM
Marketwired
The management of Vantex Resources Ltd (TSX VENTURE: VAX) wishes to
make an update of the ongoing work program on the Galloway project
in the Dasserat township, Abitibi.
As mentioned in previous press releases, the company has
undertaken a 10,000 meter drilling program on the
Galloway-Pitchvein zone with the aim of defining a resource
classifiable under NI 43-101. Two drills are active on the site.
Over 5,000 meters of drilling have now been completed and initial
results should be available in the coming weeks.
The Pitchvein Galloway showing is located in the southern part
of the Hurd mining concession. The drilling focused on an area of
400 meters wide and go down to a vertical depth of 300 meters. The
extensions of the Galloway-Pitchvein zone are recognized over 2.5
km in the NE-SW direction. About 500 meters south-west, the
historical drill hole KOH86-01 from Kerr-Addison Mines revealed a
grade of 0.75 g/t Au on nearly 400 meters including 67 meters at
1.23 g/t Au and 42.98 meters 1.34 g/t Au while the drill hole
KOH86-4, located about 275 meters west of KOH86-01 gave a grade of
1 g/t Au over 53 meters.
In the Soaker Hill and Renault Bay areas, the company is
completing a compilation of the historical data and a surface
exploration program. This work will define a first phase of
drilling in this gold area. Historical data revealed the following
gold values:
Historic results : Soaker Hill- Renault Bay
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Drill Holes From - To Length Grades
(metres) (meters) Au g/t
F52-18 3,05-25,36 22,31 1,98
PV57-01 1,86-11,89 10,03 1,85
Including 5,58-11,89 6,31 2,68
PV57-02 3,38-9,57 6,19 5,49
PV57-03 2,96-9,91 6,95 6,29
PV59-04 56,40-60,98 4,57 1.13
PV59-05 73.02-76.07 3.05 2.33
PV59-06 210.06-228.45 18.38 0.790
RB83-02 96.95-133.84 36.89 0.616
and 118.29-133.84 15.55 1.26
93H-26 133.00-172.05 39.05 0.76
PSR03-06 213.00-240.00 27.00 0.66
Finally, the company has also undertaken a program of
exploration holes to test several targets defined by geophysics and
geochemistry. These targets are in the Pitchvein-Galloway
environment, on the Hurd mining concession.
Field work is performed under the supervision of MM. Jeannot
Theberge and Daniel Kelly, consultant geologists and qualified
persons under NI 43-101. All samples are 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) will be 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 will be
followed throughout the sample preparation. The NQ-size core will
be logged, sampled and split in two at the company's core shack in
Rouyn-Noranda.
The Galloway Project
Composed of 3 mineral concessions (Hurd Block), 63 claims and 35
lots covering an area of about 2,750 hectares, the Galloway project
is located approximately 25 kilometers west of Rouyn-Noranda and
just north of the Cadillac Larder Lake deformation zone. The
geological environment of the Galloway project is very favorable
for the discovery of gold deposits. Several gold occurrences are
known on the Galloway project including the Galloway-Pitchvein
showing, the Hurd showing, the Perron showing and the Soaker Hill
showing. Other gold showings are also known in the western portion
of the property (North Ogima, Sandborn and Francoeur blocks).
The Galloway-Pitchvein zone
This important gold showing, located between two faults, is
identified over a length of nearly 400m. Mineralization is mainly
present in the lapilli tuffs and in the syenite porphyry. However,
the Galloway zone remains open in its northeast (Hurd Zone) and its
south-west extensions (Hendrick Zone). Several drill holes in these
extensions demonstrate a continuity of more than 1.5 kilometer
north-east and 500 meters to the southwest. Other historic drill
holes also showed continuity to depth as the Galloway zone has been
followed to a depth of 500 meters.
Hurd Zone (north-east extension)
The historic drilling and drilling completed last year by Vantex
have shown that the gold structure continues over 1.5 km in its
north-east extension. The drill hole VHD09-19 had intersected 31.5
meters at 0.75 g/t while drill hole 95H12 gave respectively 14
meters at 1.08 Au g/t and 12 meters at 1.09 Au g/t and the KHD87-08
showed a grade of. 0.565 g/t over 38.16 meters and 0.843 Au g/t
over 20.03 meters.
Hendrick Zone (Perron bloc ; south-west extension)
Located about 500 meters south-west, the Perron zone lies partly
below the sediments of Cobalt. However, the historical data
mentioned two drill holes (conducted by Kerr Addison Mines in the
1980s) giving 401 meters 0.75 g/t (KOD86-01) and 49.37 meters at
1.03 g/t. This area will possibly become part of a drilling program
in more depth.
Soaker Hill Zone (northern part)
The company plans to drill the Soaker Hill area, located about
one kilometer north of the Galloway zone. This area also contains a
very interesting potential for gold and a first drilling program in
this sector will provide a better understanding of the gold
structure. The stripping and channel sampling program completed
last year in this area intersected several gold values and the
historical data (drilling) demonstrates gold continuity in depth.
The Renault Bay block, acquired in 2009, also provides access to
the possible extension of this showing in its north-west.
MM. Theberge and Kelly have read and approved this press
release.
The TSX Venture Exchange has neither approved nor disapproved
the content of this press release.
Contacts: Vantex Resources Ltd. Guy Morissette President
514-712-9753 Vantex Resources Ltd. Francois Marcotte CFO and
Investor Relations 450-536-0279 francois-marcotte@videotron.ca
www.vantexressources.com Vantex Resources Ltd. Wayne Carlon VP
Business Development 902-402-6264 waynecarlon@eastlink.ca
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