Dec 8 2010
The management of Vantex Resources Ltd. (TSX VENTURE:VAX) announces that drilling has resumed on the Moriss new gold discovery.
Approximately 15 holes in a 3,000 metre program will be drilled in the vicinity of the discovery to test for the on-strike and down dip extension of this new significant gold zone. In fact, it seems we are in presence of two gold zones. One seems to be associated with significant grades in gold and silver while the other would principally carry gold with lower grade silver (see Press Release of 19-11-2010).
The 21 km magnetic survey is now completed and there is 5 km of induced polarization left to be completed. A strong magnetic anomaly lies in the center of the Moriss discovery (being interpreted as a gabbro at depth) whilst the partial interpretation of the IP anomalies show one of them directly associated with the gold zones found in the drilling. A complete report should be ready before Christmas.
Drill hole VPE10-15 was drilled in the Hendrick zone to a length of 801 m. This hole was drilled to test the down dip and the southwestern extension of the Galloway zone and to verify the historical drilling data drilled by Kerr-Addison in 1986 (KOD86-01 and KOD86-04). The hole has cut numerous zones mineralized with pyrite and chalcopyrite between 400 and 810 metres. Final results of this hole shall be released within the next few weeks.
The work program is being supervised by Mr. Jeannot Theberge, Geologist and Qualified Person under the NI 43-101 guidelines. Mr. Theberge has read and approved this press release.
Source: Vantex Resources Ltd.