LA PRAIRIE, QUEBEC, Mar. 18, 2010 (Marketwire) -- The management of Vantex Resources Ltd (TSX VENTURE:VAX) is pleased to announce that it has applied to acquire by map designation a 100% interest in 18 cells located in the western portion the Urban-Barry greenstone belt where Eagle Hill Exploration Corporation recently announced a gold discovery. Registration of the cell titles is pending with Quebec's Ministry of Natural Resources and Wildlife.
The Urban-Barry area is the site of renewed interest following the release of spectacular drill results by Eagle Hill Exploration Corporation who reported 19.61 g/t Au (cut 3.51 g/t) Au over 33 m (Eagle Hill release of March 10, 2010). Noront Resources Ltd. previously reported intersections of 800.1 to 1,792.9 g/t Au over 4.8 m (Noront release of December 1st 2006) and of 27.3 g/t Au over 14.4 meters (Noront release of June 8 2006).
The Urban-Barry greenstone belt also hosts a number of gold deposits which are the Nubar deposit (Oasis) to the southwest which contains resources of 564,000 t at 6.2 g/t Au, the Lac Rouleau deposit (Beaufield) to the northeast which contains resources of 544,000 t at 7.0 g/t Au and the Barry deposit (Metanor) which contains 450,000 t at 4.68 g/t Au.
The ground was strategically selected as a high favourability area prospective for orogenic gold as determined by the Lamothe and Harris 2006 assessment of the potential for orogeneic gold deposits in the Abitibi region.
Mr Daniel Kelly, geologist and Qualified Person under NI 43-101 has read and approved this press release.
The TSX Venture Exchange has neither approved nor disapproved the content of this press release.