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VAX Vantex Resources Ltd

0.05
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vantex Resources Ltd TSXV:VAX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.05 0.06 0 14:30:02

Vantex Intersects 9.15 g/t Au Over 3.5 m on Moriss

23/09/2013 8:47pm

Marketwired Canada


The management of Vantex Resources Ltd (TSX
VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces the completion of a 500-meter
drilling program on the Moriss zone. Three holes ranging from 100 to 250 meters
intersected the targeted gold structures in the west extension of the main zone.


VM13-02 intersected a gold zone grading 4.27 g/t Au over 7.9 meters including
9.15 g/t Au on 3.5 meters. This gold section seems to correspond to the M2 zone
located to the south of the main zone.




Hole          Zone      From       To(i)   Width (i)    Au    Ag    Mo    Zn
                    (metres)                (metres) (g/t) (g/t) (ppm) (ppm)
                                                                            
VM13-02     Moriss     89.85   -    93.0        3.15  0.48  5.75    ns  2335
                M2     156.0   -   163.9         7.9  4.27  3.61   698   434
Incluant               160.4   -   163.9         3.5  9.15  7.53  1116   612
Incluant               160.4   -   161.4         1.0 16.07  12.5  3450   501
                       161.4   -   162.4         1.0 12.41  10.7  1650  2000
                       162.4   -   163.4         1.0  2.33   2.1   170   190
VM13-03     Moriss     135.0   -   140.0         5.0  2.18  4.34    ns  1272
Incluant               135.0   -   136.0         1.0  1.51                  
                       139.0   -   140.0         1.0  8.22  8.80   772  3750
VM13-06     Moriss      70.5   -    79.5         9.5  0.35                  
                                                                            
(i) Along the hole                                                          



Moreover, the company proceeded with a stripping program of an altered and
mineralized shear zone located north of the Moriss showing. This new zone
corresponds to an induced polarization anomaly (IP) detected in a geophysical
survey done in 2011. The chosen samples from this zone show the presence of
anomalous gold in the system.


This program was under the supervision of Daniel Kelly, consulting geologist and
Qualified Person under NI 43-101. He read and approved this press release.


The board of directors also awarded 400,000 stock options to its officers and
directors. These options are priced at $0.05 and are valid for a period of 5
years.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Guy Morissette
CEO
819-763-5096
www.vantexressources.com


For information:
Wayne Carlon
VP Business development
902-857-1043
waynecarlon@eastlink.ca

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