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VAX Vantex Resources Ltd

0.035
0.00 (0.00%)
10 Jan 2025 - 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% 0.035 0.035 0.045 24 00:00:00

Vantex Resources Ltd. Announces the Appointments of Mr. Charles Beaudry to its Board of Directors and Mr. Fred Archibald as P...

03/04/2012 2:00pm

Marketwired Canada


The management and directors of Vantex Resources Ltd. (TSX
VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) are pleased to announce the appointments
of Mr. Charles Beaudry, M.Sc., P.Geo, APGO, OGQ to the company's Board of
Directors and Mr. Fred Archibald, P.Geo., APGO, OGQ as Project Manager. These
appointments follow the company's strategy to increase the current team to
enhance the development of the Galloway project, located in the Dasserat
Township, Abitibi, Quebec. Mr. Beaudry's appointment is subject to shareholder
approval at the shareholder meeting that will take place on April 30, 2012. 


Mr. Charles Beaudry, the current President and COO of Xmet Inc., which operates
in Abitibi, Quebec, has agreed to act as an independent director on the
company's Board of Directors. 


Mr. Beaudry is a seasoned mining executive with over 30 years experience in
project generation, business development, quality control/quality assurance and
hands on project management in environments ranging from grass roots target
generation to advanced, feasibility-stage projects. He has worked over seventeen
years with Noranda/Falconbridge, including five years as country manager in
Brazil and was involved in several discoveries including the Tortigny base metal
deposit currently being explored by Beaufield Resources. Immediately before
joining Xmet Inc. he was General Manager for New Opportunities with IAMGOLD
Corporation where he headed the world-wide search for new acquisitions and
championed the opening of an exploration office in Colombia. Mr. Beaudry has
worked and lived in the Abitibi region of Quebec for fifteen years and brings to
the board of directors a wealth of local experience with strong geological
background and proven project development skills.


Mr. Archibald has 36 years experience in geological and geophysical techniques
for the exploration of precious and semi-precious minerals and industrial
minerals. He has served as project manager on several very large exploration
projects and founded the Leadbetter diamond deposit in Wawa, Ontario, Canada. He
has worked on the Beattie mine, the Donchester  mine, the Hunter mine and the
Duquesne mine, all located in the Duparquet area in Quebec. He managed
programmes at the former Edwards gold mine and Magino gold mine in Wawa,
Ontario; both mines were brought back into production. Mr. Archibald also
delineated a number of gold alluvial projects in Chile that have been brought
into production by a number of Canadian and American mining companies. He was
instrumental in the discovery and development of the Vermiculite 'Archibald
Occurrence' near Peterborough, Ontario, Canada.


In addition to being Project Manager, Mr. Archibald will also support the
company President, Mr. Jean-Pierre Colin, in company presentations to mining
analyst, mining funds, investment funds and private investors. Mr. Archibald's
office will be located in Vantex's Toronto offices. 


"Adding to our team individuals like Mr. Charles Beaudry and Mr. Fred Archibald
enhances the ability of Vantex to develop our gold assets in a most professional
and comprehensive manner. Mr. Beaudry and Mr. Archibald bring a great deal of
experience. Through their successful involvement in developing gold projects
such as those of Xmet and Clifton Star in the Abitibi region, they heighten the
very specific expertise that Vantex seeks." said Mr. Jean-Pierre Colin,
President & Director of Vantex. 


Galloway Project 

As mentioned in Vantex's last press release dated March 14, 2012, the company
expects to start drilling in the coming days. The slight delay was caused by the
early thaw which required special equipment to transport drilling equipment. The
first drill hole will be about 1200 meters and located within the area called
the Golden Triangle. It is possible that from the same drill hole a wedge will
be placed at 350 metres to provide an additional section.


Cookie Monster 

The management of the company is also preparing a drilling program on the Cookie
Monster property, located in the Monster Lake area of Chibougamau, Quebec. This
project will be a joint project with Amseco Exploration.The Monster Lake area is
known for its numerous gold deposits, namely the Joe Mann, Chevrier (8,000,000
tonnes at 2.28 g/t Au) and Philibert deposits.


This press release was read and approved by Mr. Daniel Kelly. Mr. Daniel Kelly
is also the 43-101 Qualified Person.


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