Vantex Resources Ltd.

Vantex Resources Ltd.

November 05, 2007 08:00 ET

Vantex Obtains 232.49 g/t Au Over 1 Metre on Guillet

LA PRAIRIE, QUEBEC--(Marketwire - Nov. 5, 2007) - Vantex' (TSX VENTURE:VTX) management wishes to announce new gold results from a stripping and sampling program over zones 190 and Gervais on its Guillet property.

Zone 190, located some 400 metres to the north of Lake Expenses, was discovered by drilling in 2006 (Hole LE06-190: 4.40 g/t Au over 2.4 m of core length). Stripping and sampling of that zone was performed during the fall and gold values ranging from 0.503 g/t to 5.96 g/t Au over 0.8 to 1.0 metre were returned from a quartz vein (channel sampling).

The company was able to acquire, through staking, a new claim. This claim covers the potential northern extension of the Gervais zone located some 250 metres to the north-east of the Lake Expense occurrence. Channel sampling of the main quartz vein returned high grade gold values reaching 232.4 g/t Au and 47.3 g/t Au over 1 metre. Other results from that zone gave 0.97 g/t over 1 metre, 1.6 g/t over 2 metres and 15.9 g/t Au over 2.5 metres (including 38.81 g/t Au over 0.8 m).

Thirty five metres further south, channel samples gave from 0.39 g/t Au over 1.1 metres to 1.9 g/t Au over 0.8 metres.

Other anomalous gold values have been detected along the southern border of the new claim. Field work was supervised by Mr. Daniel Kelly, pro. Ing. and qualified person as per NI 43-101. Samples are being prepared and assayed at Laboratoire Expert Inc of Rouyn-Noranda.


A new sampling and geological survey was performed on the Manic property located to the north of the LG-3 reservoir, west of the municipality of Radisson in northern Quebec.

Over 40 grab and channel samples were collected to evaluate the gold, silver, uranium and thorium potential of the area. Samples were taken in conglomerates (gold, silver potential) and in mudstones (uranium potential). A radiometric survey was also performed to evaluate the extensions of the uranium bearing horizon. The latter was traced for more than 400 metres from the initial discovery location. Results will not be received for weeks. Field work was supervised by Mr. Daniel Kelly, pro. Ing. and qualified person as per NI 43-101

The Manic property consists of 40 cells covering 2,080 hectares. It has been submitted to exploration efforts in the mid-seventies for its uranium potential by Groupe SES (Seru Nucleaire, Eldorado Nucleaire and SDBJ). That work uncovered a uranium zone within a sedimentary package belonging to the Lower Sakami Formation. The sedimentary unit extend laterally for a few kilometres and its thickness can reach over 370 metres (Davis 2006). Geological surveys by Groupe SES (GM34753) indicate that the Manic property hosts a favourable horizon exhibiting three concentration phenomenon: 1) enriched areas in redox zones in Archean bedrock, 2) electrochemical concentrations along conductors in Archean bedrock, 3) paleoplacers in conglomerates (uraninite)

The Manic basin covers a total area of 25 km2 (GM37017) and the main zone of interest 2.5 km2. Seven samples collected by Groupe SES (6 channel and 1 grab samples) were taken in one of the most radioactive areas. Grades range from 53 to 2,463 ppm U, the average being 868 ppm (0.868%) over 7.5 metres.

A preliminary survey carried out during the summer of 2007 detected the presence of gold and silver in conglomerates and confirmed the presence of uranium in a mudstone horizon (see press release dated Sept. 27, 2007).

This press release has been reviewed and corrected by Mr. Daniel Kelly, pro. Ing. and qualified person as per NI 43-101

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

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