Vantex Joint Ventures the Heva Property.LA PRAIRIE, Quebec La Prairie is a town in southwestern Quebec, Canada at the confluence of the Saint-Jacques River and the Saint Lawrence River in the Regional County Municipality of Rousillon. -- The management of Vantex Resources Ltd (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:VTX VTX Videotex VTX Virginia Tech X-Ray Crystallography Laboratory VTX Voice Transmit Mode VTX Video Text ) is very pleased to announce the conclusion of a joint venture agreement with Stellar Pacific Ventures(TSX VENTURE:SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, Stellar can acquire a 50% interest in the Heva property, located in the Rouyn-Noranda mining camp, by issuing 500,000 common shares along with a work commitment of $ 500,000 over a 2-year period. A drilling campaign to outline the resources of the property should start around mid-July. The Heva property is located 20 kilometres East of the city of Rouyn-Noranda and is comprised of two lots covering an area of 80 hectares. Guillet project, Lake Expanse Area. Otherwise, the management of Vantex informs that the ongoing works on the Lake Expanse project are advancing according to last spring's planned schedule. The preparation of zone A for the initial bulk sampling test, is 80% completed and blasting should start next week. The company is pleased with the progress of the program and hopes to complete this bulk sample test by the end of August. Preparation for zones C and D (zone 70) will start with the completion of the zone A bulk. Management of the company also plans to start in July, a drilling campaign on the Lake Expanse Area in order to improve the definition of the secondary gold zones that could be tested by thermal fragmentation. Mirabel Resources Inc. is a 50% partner in the exploitation of the gold zones by thermal fragmentation but does not own any interest in the Guillet property or in the bulk sample. Another drilling campaign is planned for September to verify the lateral and in-depth extensions of the Lake Expanse zone and to test other gold showings located on the Guillet property. The drilling works will be under the supervision of Mr. Daniel Kelly Daniel Joseph Kelly (born September 1, 1883) was an American long jumper and sprinter. He attended the University of Oregon, where in 1906, he equaled the world records in the 100 meter and 200 meter dashes in the same day. , independent consulting engineer. ANA project, James Bay. The ANA property, located on the West border of the Eleonore property (Roberto showing) owned by Virginia Gold Mines, will also be explored as soon as mid-July. A mandate was given to Bernard Lapointe, independant geological engineer. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Vantex Resources Ltd. (TSX VENTURE:VTX) |
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