Vantex Resources Ltd.

Vantex Resources Ltd.

August 07, 2009 08:00 ET

Vantex Resources/Galloway: 36 Meters at 1.042 g/t Au

LA PRAIRIE, QUEBEC--(Marketwire - Aug. 7, 2009) - The management of Vantex Resources Ltd (TSX VENTURE:VTX) is pleased to announce having intersected, approximately 900 meters in the north-eastern extension of the Galloway zone, a large zone of mineralization over 228 meters along the hole. Received initial analysis showed the presence of gold throughout this sequence, however, the company's management has asked to make some tests of pyroanalysis with metallic sieves on some samples to verify the gold content obtained in the initial analysis.

This drill hole is located in large part in a syenite porphyry and in a lapilli tuff which is the same geology encountered in the drilling carried out on Galloway. According to historical data, other drill holes (95-12 and KHD-08), containing significant gold values and located in north-eastern extension of the hole VHD09-19 also intersected the same mineralized zone.

With this hole, the Galloway zone could now be recognized on more than 1 km.

"We are very pleased to see the confirmation of the north-east extension potential of the Galloway zone. Despite a difficult market, we continue our work and try to identify, by drilling and stripping, areas of gold enrichment that will enable us to better estimate the economic potential of this very large tonnage deposit "said the executive chairman of the company Mr. Guy Morissette.

Drill holes VHD09-15 and VHD09-16, located respectively at 160 and 200 meters north-east of VHD09-01 have also encountered significant gold values. Thus, the drill hole VHD09-15 cut the Galloway zone over 388 meters along the hole (.344 g / t Au) including 70.50 meters grading at 0.648 g / t Au and 27 meters at 1.04 g / t Au, while VHD09-16 cut the same zone on a width along the hole of 239 meters (.430 g / t Au) including 92.50 meters grading 0.734 g / t Au and 13.50 meters at 1.709 g / t Au.

Drill Hole From To Length(i) Grade
(meter) (g/t Au)

VHD09-15 14.00 402.00 388.00 .344
including 94.50 165.00 70.50 .648
including 121.50 148.50 27.00 1.04
including 124.00 129.00 5.00 3.268

VHD09-16 11.00 250.00 239.00 .430
Including 157.50 250.00 92.50 .734
Including 184.50 244.50 60.00 .921
Including 208.50 244.50 36.00 1.042
Including 219.00 232.50 13.50 1.709
Including 219.00 244.50 23.50 1.255
VHD09-17 Non signifiant values
VHD09-18 12.00 250.20 238.20 .281
Including 102.00 133.50 31.50 .610
Including 214.50 250.20 35.70 .511
Including 214.50 247.50 9.00 .919

(i)results along the drill holes

All samples are tagged, bagged ans shipped to Laboratoire Expert Inc., Rouyn-Noranda, where 30 gram pulp samples are prepared and assayed for gold (FAA). Gravimetric assay repeats (FA) have been completed on samples with grades over 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.

Work in progress

Stripping work is currently underway in the sector of the Soaker Hill showing, on the Hurd block, as well as in the area of the new gold showing Jacob-Desjardins, located on Ogima North block discovered by prospecting during the month of July.

Exploration work is being carried out under the supervision of consulting geologist and NI43-101 qualified person Jeannot Theberge. Mr Theberge 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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