Vangold Resources Ltd., a development stage mineral exploration and oil and gas exploration company, engages in the identification, acquisition, evaluation, exploration, and development of mineral properties located in Canada, Papua New Guinea, and Uganda. The company also invests and explores in oil and gas properties in Canada, the United States, Rwanda, Armenia and Kenya. Papua New Guinea Feni Islands Gold Project (owned 75% Vangold, 25% New Guinea Gold Corporation: The Feni Islands Gold Project (Feni) covers 166.6 square kilometres and includes both the Ambitle and Babase Islands that comprise the Feni Islands. Feni hosts a large gold system similar to the Lihir Gold Mine. Pacific Kanon Gold Corporation: The company executed a share exchange agreement, in 2007, to exchange its 50% interest in Kanon Resources Ltd for a 45% interest in Pacific Kanon Gold Corporation. Kanon Resources Ltd. (Kanon) is a company registered in Papua New Guinea, and is a wholly-owned subsidiary of Pacific Kanon Gold Corporation. Kanon holds 100% of four prospecting licenses and 80% of another, all of which are located in Papua New Guinea. Kanon Resources Ltd (Kanon) is the Papua New Guinea subsidiary of Pacific Kanon and holds title to five projects in Papua New Guinea, Mt Penck, Bismarck, Yup River, Allemata, and Fergusson. Uganda: The company holds approximately 2,200 square kilometers in exploration licenses in Uganda that are grouped into six projects: Kafunjo, West Nile, Kilembe, Kamwenge, Fort Portal, and Bugiri. Kafunjo Licences: The company holds three adjacent licences which are located in southwest Uganda near the triple junction of Tanzania, Rwanda, and Uganda. Kilembe Licences: The company’s five contiguous licences extend southwesterly from the formerly productive Kilembe Mines Ltd. copper – cobalt mine. The area covered by the Vangold licences includes the mineralized horizon. West Nile Licences: Nine licences are positioned adjacent to the DRC – Uganda border. The company’s land holdings in the West Nile district include 1,350 square kilometers. Other Properties Rossland Property: The Rossland properties situated in and around Rossland, B.C. comprise three principal groups: North Belt (including the gold mines Iron Colt, Evening Star and Georgia), South Belt (includes the lead/zinc Blue Bird-Mayflower mine and Homestake-Gopher gold mines) and Deer Park Hill. Gallagher Gold Project: The company acquired by staking 24 contiguous unpatented mineral claims in White Pine County, Nevada, approximately 24 miles north of Ely, Nevada and 15 miles southeast of the Limousine Butte project. The company controls a 100% interest in the Gallagher Gold project. Oil and Gas Properties Deep Basin, Strachan Area, Alberta: The company entered into a farmout participation and agreement with an Alberta-based oil and gas company, to participate in the drilling, completing and equipping of a natural-gas test well in the Deep Basin of the Alberta Foothills. Strachan Field, Alberta: The company entered into a farm-in agreement, in 2005, to drill a test well in the Strachan Field located near Rocky Mountain House, Alberta. East Corning, California: The company’s wholly owned subsidiary, Corning Energy Inc. (Corning), a Nevada corporation, and its partners own interests in from nine producing wells in the East Corning gas field located near Red Bluff in Tehama County, California. Corning has a 3.75 % gross interest in the wells. Kenya, Rwanda and Armenia: The company operates in Kenya, Rwanda, and Armenia. All of the three properties cover in total 43,000 sq kms. Kenya: Vangold Kenya Ltd., wholly owned subsidiary of the company, has acquired an office in the Nairobi industrial area to provide technical support for operations in Kenya and Rwanda. In Kenya, the company has acquired a large [12,270 square kilometers] land package [Block 3A] which partly lies along the hydrocarbons fairway of Central Africa Rift system [CARS]. The Block 3A acreage occupies a convergence area of three sedimentary basins of Anza, Mochesa and Lamu Embayment. Armenia: The company signed an exploration and production sharing contract with the Government of Armenia in 2007. The contract covers the areas designated ‘Blocks 4, 5 and 6’ and extends to 13,775 square kilometers in central and southern Armenia. History Vangold Resources Ltd. was founded in 1978.
vangold resources ltd (VAN:Venture)
595 Howe Street
PO Box 10
Vancouver, BC V6C 2T5
|No competitor information is available for VAN.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact VANGOLD RESOURCES LTD, please visit www.vangold.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.