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Last C$0.02 CAD
Change Today -0.005 / -25.00%
Volume 5.0K
As of 10:49 AM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

vantex resources ltd (VAX) Snapshot

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vantex resources ltd (VAX) Details

Vantex Resources Ltd., a junior mining exploration company, acquires and explores gold properties in Canada. Its principal project is Galloway gold project, which comprises 104 claims, 3 mining concessions, and covers approximately 6360 acres located in the Dasserat Township, Abitibi district of Quebec. The company is based in La Prairie, Canada.

vantex resources ltd (VAX) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$53.3K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

vantex resources ltd (VAX) Key Developments

Vantex Resources Ltd., Annual General Meeting, Apr 29, 2014

Vantex Resources Ltd., Annual General Meeting, Apr 29, 2014., at 11:00 US Eastern Standard Time. Location: Hotel Sheraton Montreal Airport, room Dorval. Agenda: To receive the audited annual financial statements for the year ended October 31, 2013 and the auditor's report thereon; to elect the directors for the ensuing year; to appoint the auditor for the ensuing year and to authorize the directors to fix its remuneration; and to transact such other matters as may properly come before the Meeting and any adjournment thereof.

Vantex Resources Ltd. Completes 400 Metres of Drilling on Moriss

Vantex Resources Ltd. announced the completion of 4 drill holes for a total of 414 metres on the Moriss zone, west sector of the Galloway project. These holes ranged from 65 to 200 metres in length and were drilled to test the west extension of the Moriss zone as well as to close some gaps close to the surface, in the central sector of the same zone. Drill hole VM13-07, located 100 metres west of the Moriss zone, intersected 5.55 metres at 2.11 g/t Au including 2.94 g/t Au over 3.45 metres. This hole allowed the company to verify the west lateral extension of the main zone in this sector. Drill holes VM13-10 and VM13-11, located on the main zone, respectively returned 1.39 g/t Au over 9.8 metres and 3.64 g/t Au over 5.15 metres including 2.15 metres at 6.49 g/t Au. These drill holes were done to close some gaps near the surface. Drill hole VM13-09 returned no significant values.

Vantex Resources Ltd. Announces Bulk Sampling on the Moriss Zone

Due to the presence of free gold and a possible 'nugget effect' in previous assays, Vantex Resources Ltd. management is taking the necessary steps to obtain a permit to carry out a bulk sample on the Moriss zone, from the Quebec's Natural Resources Department, Office of mining titles and systems. These works will allow the company to verify the continuity of the high-grade mineralization as well as to better understand the different gold structures intersected in the past years. The Moriss showing is located 500 metres West of the GP deposit which contains 18.14 million mt of an indicated resource grading 0.41 g/t and 2.51 million mt of an inferred resource grading 0.39 g/t for a total of 240,000 and 32,000 ounces of gold, respectively. The management of the company also announces that it plans to resume its drilling campaign in the coming days, in this same area. The goal being to verify the continuity west of the Moriss showing. Comprised of 3 mining concessions, 80 mining claims and cells, covering an area of more than 2,600 hectares, the Galloway project is one of the most important project in the Rouyn-Noranda mining camp.


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