Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Vantex Expands Land Position at Moriss Zone Exploration to Target High Grade Extensions


Print article Print article
© Marketwire 2013
2013-01-16 15:05:13 -

LA PRAIRIE, QUEBEC -- (Marketwire) -- 01/16/13 -- Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) is very pleased to announce that the Quebec Ministry of Natural Resources and Wildlife has granted to Vantex the right to explore on the property to the north and west of the high grade Moriss zone. The new property expands the land position adjacent to the Moriss zone by 100 hectares, and is thought to host the lateral and depth extensions of existing mineralization discovered there including 59.5 gpt gold over 6.2 meters in hole VPE12-50. A 5,000 meter drill program is planned to start on the new property in February.


"We are very pleased to finally receive this property extension. It gives us the exciting opportunity to test the full potential of the Moriss zone. Our exploration program has been ready for many months and we plan to start drilling in February, providing enough time to complete a financing and build access to the new drill sites" stated Mr. Guy Morissette, CEO of Vantex.



Location Map : file.marketwire.com/release/Location_map.JPG : file.marketwire.com/release/Location_map.JPG

Golden Triangle: file.marketwire.com/release/Golden_Triangle.JPG : file.marketwire.com/release/Golden_Triangle.JPG

New area to drill: media3.marketwire.com/docs/Drill_map.pdf : media3.marketwire.com/docs/Drill_map.pdf

Located in the west part of the Galloway property, the Moriss zone was discovered at the end of 2010, and together with the GP and Hendrick forms the Golden Triangle area. Fifty (50) drill holes were completed on the Moriss zone since 2010, and those results show the presence of an important gold system comprised of several zones with economic grades.


The following table shows highlights from previous drilling at Moriss:


----------------------------------------------------------------------------
                                    From          To      Length       Grade
Hole                    Zone         (m)         (m)         (m)      g/t Au
----------------------------------------------------------------------------
VPE10-02              Moriss       87.00       91.75        4.75        5.81
----------------------------------------------------------------------------
VPE10-06              Moriss       97.50      108.00       10.50        4.55
----------------------------------------------------------------------------
VPE10-10              Moriss      101.00      106.35        5.35       11.60
----------------------------------------------------------------------------
VPE10-11            Moriss N       84.00      106.00       22.50        8.21
----------------------------------------------------------------------------
and                               146.75      153.00        6.25        3.53
----------------------------------------------------------------------------
VPE10-17            Moriss N      106.30      112.20        5.90        5.06
----------------------------------------------------------------------------
VPE10-18            Moriss N       48.00       57.00        9.00        7.97
----------------------------------------------------------------------------
VPE10-19              Moriss      103.50      107.65        4.15       18.43
----------------------------------------------------------------------------
VPE10-21            Moriss N      124.50      135.00       10.50        1.85
----------------------------------------------------------------------------
and                   Moriss      145.50      150.00        4.50        1.86
----------------------------------------------------------------------------
VPE10-23              Moriss       54.00       57.00        3.00       16.32
----------------------------------------------------------------------------
VPE11-24              Moriss       98.60      103.90        5.30       24.90
----------------------------------------------------------------------------
VPE11-25              Moriss       99.15      106.00        6.85       12.93
----------------------------------------------------------------------------
VPE11-27              Moriss      107.30      114.00        6.70        3.95
----------------------------------------------------------------------------
VPE11-28              Moriss      129.00      131.00        2.00        2.00
----------------------------------------------------------------------------
VPE11-29              Moriss       45.00       47.00        2.00        7.32
----------------------------------------------------------------------------
VPE11-30              Moriss       54.10       57.10        3.00        1.54
----------------------------------------------------------------------------
VPE11-37            Moriss N       94.50      100.50        6.00        7.79
----------------------------------------------------------------------------
VPE11-42              Moriss        98.6       103.6         5.0        5.11
----------------------------------------------------------------------------
VPE12-50            Moriss N       58.00       64.20        6.20       59.51
----------------------------------------------------------------------------
and                               117.85      122.90        5.05        5.09
----------------------------------------------------------------------------
                                                                            
N = North                                                                   



Hurd


In a separate transaction the company purchased 20% of a 2% NSR (0.4%) that was held by the previous owners of the Hurd block for $50,000.


Belleterre


Aurtois Exploration Inc. fulfilled the first part of its obligation (cash and share payment) at the Guillet project. In order to acquire the 75% of the project, Aurtois must deliver an independent pre-feasibility study before 2016.


Technical Information


The information presented in this press release has been reviewed and approved by Daniel Kelly, geological engineer, a consultant to Vantex Resources and the Qualified Person responsible for the exploration program at the Moriss property. Mr. Kelly has read and approved this press release.


To learn more about Vantex Resources (TSX VENTURE:VAX), visit our website: www.vantexressources.com : www.vantexressources.com .


The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contacts:

Vantex Resources Ltd.

Guy Morissette

Chief Executive Officer

(514) 712-9753

(450) 444-1776 (FAX)

www.vantexressources.com


Wayne Carlon

VP Business Development

(902) 402-6264
waynecarlon@eastlink.ca :



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser