Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

September 27, 2007 07:16 ET

Vantex Finds Gold on Manic and Confirms Uranium

LA PRAIRIE, QUEBEC--(Marketwire - Sept. 27, 2007) - Management of Vantex Resources Ltd (TSX VENTURE:VTX) announces the discovery of gold on the Manic property and confirms uranium potential of the same showing.

Following a first reconnaissance visit to prepare the current exploration program consisting in geological, geophysical and geochemical surveys and sampling, the company has discovered a gold showing grading 570 ppb Au in a conglomerate located near the main uranium showing. Six (6) grab samples in the uranium zone showed an important radioactivity and grades varying from 171 to 929 ppm U, confirming sampling of Groupe SES in the 70's.

"To get a highly anomalous gold value in this type of geological setting, from only one grab sampling, makes us optimistic with the gold potential of this new discovery. We knew that there was uranium and we were hoping for gold. That's the case and it was found in the conglomerates which is even more interesting for the project. The Manic basin shares some geological characteristics with certain South African deposits, a region who is an important world gold producer. A team of geologists and technicians are currently in the field to complete the first work phase" said Guy Morissette, president of the company.

Assays were made at Laboratoire Expert Inc., Rouyn-Noranda, and field work was supervised by Gilles Laverdiere, geologist and qualified person as per NI 43-101.

Manic project.

This property, comprising 40 cells covering an area of 2,080 hectares, has been the object in the mid 70's of exploration work to assess its uranium potential. This exploration work was done by Groupe SES (Seru Nucleaire, Eldorado Nucleaire and SDBJ) and has outlined an important uranium occurrence within kilometric sedimentary units of the Sakami Formation, reaching a width of 370 metres (Davis 2006). Results of geological surveys from Groupe SES (GM34753) showed the presence on the Manic project of a favourable unit hosting three types of uranium enrichments: 1) uranium enrichment in reduction zones in the Archean basement; 2) electrochemical enrichment form conductors in the Archean basement and; 3) heavy minerals (uraninite) concentration in conglomerate beds.

The Manic sedimentary basin covers an area of 25 sq. km. (GM37017) and the main zone of interest has an area of 2.5-3 sq. km. Seven samples taken by Groupe SES (6 channel and 1 grab samples) were collected in one of the most radioactive zone. Grades were from 53 to 2,463 ppm U, averaging 868 ppm U (0.0868 %).

Groupe SES has compared the Manic occurrence to the geological model of the Arthabaska basin. Another sedimentary basin of the Sakami Formation is found north of the La Grande area. At about 150 kilometres north of the La Grande reservoir, Strathmore Minerals Corp owns the Dieter Lake uranium project. A 2005 reserve calculation gave 24.4 million pounds U3O8 at an average grade of 0,057 % U (with a cut grade of 200 ppm U). (Press release November 29, 2006 and NI 43-101 report). The occurrence of gold and uranium in conglomerates is characteristic of gold and/or uranium mines around the world like the Witwatersrand Basin. Other than gold and uranium, the sediments of the Manic basin may have been formed in a continental area closely associated with active uplift during sedimentation and associated unconformity. This particular geological setting is also a characteristic of the Witwatersrand Basin.

The company is currently planning an initial exploration program consisting in geological, geophysical (Mag and VLF), radiometric and geochemical surveys and channel sampling on the property. Results are expected at the end of October. The exploration program is supervised by Gilles Laverdiere, geologist and qualified person under NI 43-101. The property is outside the Hydro Quebec flood zones.

This press release has been reviewed and approved by Gilles Laverdiere, geologist and qualified person under NI 43-101

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