Vantex Resources Ltd.

Vantex Resources Ltd.

September 14, 2010 08:00 ET

Update on the Ongoing Work Program on Galloway

LA PRAIRIE, QUEBEC--(Marketwire - Sept. 14, 2010) - The management of Vantex Resources Ltd (TSX VENTURE:VAX) wishes to make an update of the ongoing work program on the Galloway project in the Dasserat township, Abitibi.

As mentioned in previous press releases, the company has undertaken a 10,000 meter drilling program on the Galloway-Pitchvein zone with the aim of defining a resource classifiable under NI 43-101. Two drills are active on the site. Over 5,000 meters of drilling have now been completed and initial results should be available in the coming weeks.

The Pitchvein Galloway showing is located in the southern part of the Hurd mining concession. The drilling focused on an area of 400 meters wide and go down to a vertical depth of 300 meters. The extensions of the Galloway-Pitchvein zone are recognized over 2.5 km in the NE-SW direction. About 500 meters south-west, the historical drill hole KOH86-01 from Kerr-Addison Mines revealed a grade of 0.75 g/t Au on nearly 400 meters including 67 meters at 1.23 g/t Au and 42.98 meters 1.34 g/t Au while the drill hole KOH86-4, located about 275 meters west of KOH86-01 gave a grade of 1 g/t Au over 53 meters.

In the Soaker Hill and Renault Bay areas, the company is completing a compilation of the historical data and a surface exploration program. This work will define a first phase of drilling in this gold area.  Historical data revealed the following gold values:     

Historic results : Soaker Hill- Renault Bay   
Drill Holes From - To Length Grades
  (metres) (meters) Au g/t
F52-18 3,05-25,36 22,31 1,98
PV57-01 1,86-11,89 10,03 1,85
Including 5,58-11,89 6,31 2,68
PV57-02 3,38-9,57 6,19 5,49
PV57-03 2,96-9,91 6,95 6,29
PV59-04 56,40-60,98 4,57 1.13
PV59-05 73.02-76.07 3.05 2.33
PV59-06 210.06-228.45 18.38 0.790
RB83-02 96.95-133.84 36.89 0.616
and 118.29-133.84 15.55 1.26
93H-26 133.00-172.05 39.05 0.76
PSR03-06 213.00-240.00 27.00 0.66

Finally, the company has also undertaken a program of exploration holes to test several targets defined by geophysics and geochemistry. These targets are in the Pitchvein-Galloway environment, on the Hurd mining concession.

Field work is performed under the supervision of MM. Jeannot Theberge and Daniel Kelly, consultant geologists and qualified persons under NI 43-101. All samples are tagged, bagged and shipped to Laboratoire Expert Inc., Rouyn-Noranda, where 30 gram pulp samples are prepared and assayed for gold (FAA). New gravimetric analysis (FA) will be performed on all the samples with levels higher than 1.0 g/t Au. A strict QA/QC program including random insertion of blanks, standards, and duplicate samples will be followed throughout the sample preparation. The NQ-size core will be logged, sampled and split in two at the company's core shack in Rouyn-Noranda.

The Galloway Project

Composed of 3 mineral concessions (Hurd Block), 63 claims and 35 lots covering an area of about 2,750 hectares, the Galloway project is located approximately 25 kilometers west of Rouyn-Noranda and just north of the Cadillac Larder Lake deformation zone. The geological environment of the Galloway project is very favorable for the discovery of gold deposits. Several gold occurrences are known on the Galloway project including the Galloway-Pitchvein showing, the Hurd showing, the Perron showing and the Soaker Hill showing. Other gold showings are also known in the western portion of the property (North Ogima, Sandborn and Francoeur blocks).

The Galloway-Pitchvein zone

This important gold showing, located between two faults, is identified over a length of nearly 400m. Mineralization is mainly present in the lapilli tuffs and in the syenite porphyry. However, the Galloway zone remains open in its northeast (Hurd Zone) and its south-west extensions (Hendrick Zone). Several drill holes in these extensions demonstrate a continuity of more than 1.5 kilometer north-east and 500 meters to the southwest. Other historic drill holes also showed continuity to depth as the Galloway zone has been followed to a depth of 500 meters.

Hurd Zone (north-east extension)

The historic drilling and drilling completed last year by Vantex have shown that the gold structure continues over 1.5 km in its north-east extension. The drill hole VHD09-19 had intersected 31.5 meters at 0.75 g/t while drill hole 95H12 gave respectively 14 meters at 1.08 Au g/t and 12 meters at 1.09 Au g/t and the KHD87-08 showed a grade of. 0.565 g/t over 38.16 meters and 0.843 Au g/t over 20.03 meters.

Hendrick Zone (Perron bloc ; south-west extension)

Located about 500 meters south-west, the Perron zone lies partly below the sediments of Cobalt. However, the historical data mentioned two drill holes (conducted by Kerr Addison Mines in the 1980s) giving 401 meters 0.75 g/t (KOD86-01) and 49.37 meters at 1.03 g/t. This area will possibly become part of a drilling program in more depth.

Soaker Hill Zone (northern part)

The company plans to drill the Soaker Hill area, located about one kilometer north of the Galloway zone. This area also contains a very interesting potential for gold and a first drilling program in this sector will provide a better understanding of the gold structure. The stripping and channel sampling program completed last year in this area intersected several gold values and the historical data (drilling) demonstrates gold continuity in depth. The Renault Bay block, acquired in 2009, also provides access to the possible extension of this showing in its north-west.

MM. Theberge and Kelly have read and approved this press release.

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

Contact Information