Vantex Resources Ltd.

Vantex Resources Ltd.

August 27, 2009 08:00 ET

Vantex Resources Ltd./Exploration on Galloway: 31.5 Meters at 0,750 g/t Au

LA PRAIRIE, QUEBEC--(Marketwire - Aug. 27, 2009) - The management of Vantex Resources (TSX VENTURE:VTX) announces that it intersected in hole exploration VHD09-19, located approximately 900 meters northeast of the central zone Pitchvein Galloway, a grade of 0.339 g / t Au over 228 meters with a 31.50 meters at 0.75 g / t Au including 3 meters at 2.99 g / t Au.

This hole was designed to test a geochemical anomaly identified during earlier work by Silver Century and verify the historical data from hole 95H12 done in the same area by the same company which intersected 118.60 meters grading 0,489 g / t Au, including a section of 12 meters grading 1.09 g / t Au and another section of 1.08 g / t Au over 14 meters.

Another hole (KHD87-08 - Kerr Addison), located in north-eastern extension at about 400 meters from VHD09-19, also intersected a 20 meter section grading 0.843 g / t Au and a section of 1.21 g / t Au over 6.25 meters. All intersections are along the hole.

The geology encountered in the survey VHD09-19 corresponds very well to that described in other holes located in the Galloway-Pitchvein area. Taking into account the historical data and ongoing work, the gold potential of the Galloway-Pitchvein area now appears to extend over more than 1.4 km north-east and more than 2.4 kilometers in light of its extension to the south - West (KHD86-01-Kerr Addison).

Work in progress

The company has resumed its drilling program in the Galloway Center area to supplement the information to assess the potential of the gold resource in the sector.

Two other holes are also planned outside the main zone to test two other targets located approximately 800 meters north of Galloway - Pitchvein.

Moreover, the surface channel sampling work on the Soaker Hill showing are ongoing. Over 200 samples were collected up to now of the approximately 400 samples. The results from this work will not be available until mid-September. The Soaker Hill showing is located about one kilometers north of the Galloway-Pitchvein showing. According to historical data, this showing has a very interesting gold potential in a geological context different from it. Several former drill holes intersected interesting gold values (see press release dated March 9, 2009).

Galloway Project

Consisting of three mining concessions, 52 claims and 35 lots covering a total area of 2,285 hectares, the Galloway project is the results of the amalgamation of the Hurd, Ogima Nord, Sandborn, Perron, Cadillac and Francoeur claim blocks.

Through this important acquisition, Vantex Resources Ltd has positioned itself in a favourable geological environment for the development of an open-pittable, large-tonnage gold resource of the same type as those currently being developed in Abitibi.

Hurd-Perron block

The Hurd-Perron block consists of three mining concessions and of 26 mining claims covering a total area of 616.27 hectares. Several significant gold showings are known on this block including the Galloway-Pitchvein, Soaker Hill, Hurd and Fayolle indices.


Found within a syenite porphyry, the Galloway-Pitchvein showing is located along east-northeast striking faults originating from the Cadillac-Larder Lake deformation zone. Anomalous gold values of this showing are returned from different lithologies such as acid tuff and lapilli tuff, feldspath porphyries and basic dikes. Pyrite, chalcopyrite and molybdenite mineralization were observed. The latter is directly related to ductile shear zones hosting quartz-carbonate veins. According to Vantex's interpretation and based on historical data from Kerr Addison Mines, Minnova (both subsidiaries of Noranda at the time) as well as Silver Century (subsidiary of Agnico Eagle at the time), the potential of the Galloway-Pitchvein area for an open-pittable large-tonnage resource is excellent.

Exploration work is being carried out under the supervision of consulting geologist and NI43-101 qualified person Daniel Kelly. Mr Kelly has read and approved this press release.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

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