Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

March 22, 2011 08:27 ET

Vantex Cuts 186 Metres at 0.72 g/t Au on Galloway

LA PRAIRIE, QUEBEC--(Marketwire - March 22, 2011) - The management of Vantex Resources Ltd (TSX VENTURE:VAX) is pleased to provide drilling results from the latest drilling campaign from the GP zone, located south-west of the Galloway property. Many gold sections grading more than 0.50 g/t Au over 100 metres or more were intersected during this campaign. Drill holes VHD10-31, VHD10-25 and VHD10-35 intersected along the hole, 0.72 g/t Au over 186 metres, 0.51 g/t Au over 157 metres and 0.53 g/t Au over 150 metres. Drill hole VHD10-34 intersected 0.52 g/t Au over 112.5 metres while VHD10-36 returned 0.53 g/t Au over 102 metres. VHD10-49 also intersected gold grades of 0.54 g/t Au over 111 metres.

This new drilling performed on the GP zone (Galloway-Pitchvein) totalled 8,100 metres for 29 drill holes. Most holes intersected significant values except for VHD10-50, VHD10-52 and VHD10-53 as well as VHD10-38 and 39 (short holes in the cobalt sediments).

GP ZONE – 2010 DRILLING

Drill hole Zone Intersection Width Grade Angle
    (metres) (metres) (g/t Au) °
           
VHD10-24 GP 8.80 - 69.00 60.20 .54 -65
Including   30.35 - 55.50 25.15 .70  
           
And   102.00 - 108.00 6.00 .61  
And   112.50 - 115.50 3.00 .63  
And   129.00 - 135.00 6.00 .85  
And   174.00 - 177.00 3.00 .55  
And   192.00 - 195.00 3.00 .62  
           
VHD10-25 GP 6.35 - 163.50 157.15 .52 -65
Including   36.00 - 45.00 9.00 1.04  
    67.50 - 81.00 13.50 1.01  
           
VHD10-26 GP 9.00 - 52.70 43.70 .82 -55
Including   9.00 - 33.25 24.25 1.02  
    10.50 - 25.20 14.70 1.28  
    15.95 - 25.20 9.25 1.45  
           
VHD10-27 GP 10.00 - 44.14 34.14 .53 -45
           
VHD10-28 GP 31.50 - 67.50 36.00 .57 -45
And   117.00 - 124.50 7.50 .67  
And   139.50 - 154.50 15.00 .70  
           
VHD10-29 GP 85.50 - 108.00 22.50 .70 -67
Including   85.50 - 97.50 12.00 1.05  
And   127.00 - 132.00 5.00 .56  
           
VHD10-30 GP 16.50 - 84.00 67.50 .50 -65
And   133.50 - 186.00 52.50 .55  
And   226.50 - 234.00 7.50 1.07  
           
VHD10-31 GP 1.50 - 252.50 250.50 .59 -75
Including   1.50 - 187.50 186.00 .72  
    16.50 - 54.00 37.50 1.04  
    93.00 - 112.50 19.50 1.86  
           
VHD10-32 GP 7.50 - 85.50 78.00 .50 -45
And   100.50 - 109.50 9.00 .68  
And   141.00 - 150.00 9.00 .54  
And   183.00 - 189.00 6.00 .56  
And   220.50 - 223.50 3.00 1.07  
           
VHD10-33 GP 102.00 - 123.00 21.00 .58 -65
And   319.50 - 324.00 4.50 .67  
And   334.50 - 337.50 3.00 1.05  
           
VHD10-34 GP 8.00 - 130.50 122.50 .52 -45
And   145.50 - 157.50 12.00 .53  
And   196.50 - 274.50 78.00 .51  
           
VHD10-35 GP 22.50 - 96.00 73.50 .56 -45
Including   22.50 - 37.50 15.00 1.10  
And   147.00 - 297.00 150.00 .53  
           
VHD10-36 GP 12.00 - 114.00 102.00 .53 -60
And   123.00 - 160.50 37.50 .53  
Including   148.50 - 157.50 9.00 1.21  
And   210.00 - 217.50 7.50 .89  
And   234.00 - 241.50 7.50 .52  
And   291.50 - 354.00 62.50 .54  
And   379.50 - 393.00 13.50 .50  
           
VHD10-40 GP 13.50 - 27.00 13.50 .68 -71
And   61.50 - 72.00 10.50 .63  
And   84.00 - 93.00 9.00 .52  
And   172.50 - 184.50 12.00 .53  
           
VHD10-43 GP 22.40 - 24.00 1.60 1.55 -60
And   139.50 - 144.00 4.50 .66  
And   166.50 - 177.00 10.50 .70  
And   301.50 - 354.00 52.50 .69  
Including   310.50 - 322.50 12.00 1.42  
           
VHD10-44 GP 84.00 - 87.00 3.00 .68 -45
And   99.00 - 103.50 4.50 .54  
And   124.50 - 136.50 12.00 .67  
And   204.00 - 207.00 3.00 .50  
And   328.50 - 331.50 3.00 .98  
           
VHD10-45 GP 10.50 - 37.50 27.00 .65 -50
And   63.00 - 99.00 36.00 .55  
And   124.50 - 130.50 6.00 .51  
And   145.50 - 180.00 34.50 .53  
Including   145.50 - 151.00 6.00 1.25  
           
VHD10-46 GP 52.50 - 55.50 3.00 1.75 -45
And   177.00 - 273.00 96.00 .50  
Including   210.00 - 217.50 7.50 1.87  
           
VHD10-47 GP 156.00 - 160.50 4.50 .55 -45
And   181.50 - 192.00 10.50 1.79  
And   234.00 - 243.00 9.00 .52  
And   286.50 - 301.50 15.00 .65  
And   397.50 - 400.00 2.50 1.51  
           
VHD10-48 GP 294.00 - 303.00 9.00 .50 -55
VHD10-49 GP 139.50 - 148.50 9.00 .51 -65
And   213.00 - 324.00 111.00 .54  
And   288.00 - 309.00 21.00 1.16  
           
VHD10-50B GP 232.50 - 234.00 1.50 .80 -75
And   295.50 - 297.00 1.50 1.36  
           
VHD10-51 GP 49.50 - 60.00 10.50 .54 -45
VHD10-55 GP 124.50 - 211.50 87.00 .52 -50
Including   150.00 - 159.00 9.00 1.11  
And   223.50 - 247.50 24.00 .50  
And   256.50 - 262.50 6.00 .51  

* All gold intersections mentioned are along the hole.

"Those results clearly show the great potential of the GP Zone and its surroundings. The newly discovered Moriss zone, located 500 metres to the west and the Hendrick zone, located in the south west extension of GP, forms along with the GP zone, what we can now call our Golden triangle. We believe that these zones can be connected. Our new 3,000-meter drilling campaign will start in April and will test this hypothesis" mentioned the company's CEO, Mr. Guy Morissette.

Moriss zone

Fifteen drill holes were completed within the environment of the new and important Moriss gold zone for a total of 3,300 metres ( See previous 2010 press releases ). These holes intersected many high grade gold structures. Management believes that this gold zone could be connected to the GP zone at its east extension.

Hendrick zone

A drill hole was performed in the Hendrick area and the results confirmed the gold potential of the south-west extension of the GP zone ( See December 12, 2009 press release ).

The company also completed six additional drill holes for 1,200 metres in order to test geophysics targets. Two holes located 2.5 kilometres north-east of the GP zone were abandonned due to access problem. Three other were drilled in the Soaker Hill area, located 1 kilometre north of the GP zone. No significant results were obtained from these exploratory holes.

Drill holes VHD10-37, VHD10-41, VHD10-42 and VHD10-54 were not done due to access problems.

All samples were 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) are 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 has been followed throughout the sample preparation. The NQ-size core is logged, sampled and split in two at the company's core shack in Rouyn-Noranda.

The work program is being supervised by Mr. Jeannot Theberge and Mr. Daniel Kelly, Geologists and Qualified Persons under the NI 43-101 guidelines. Mr. Kelly has read and approved this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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