|By Marketwired .||
|February 24, 2014 05:40 PM EST||
LA PRAIRIE, QUEBEC -- (Marketwired) -- 02/24/14 -- The management of Vantex Resources Ltd (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces, following a joint agreement with Exploration Aurtois Inc (TSX VENTURE:EXA), the acquisition of a 100% interest in the Belleterre Extreme-Est property (19 claims adjacent to Vantex Guillet property) in exchange of a cash payment of $10,000 and the issuance to Aurtois, of 1 million common shares of Vantex. Aurtois retaining no royalties.
Also, as part of this new agreement, Vantex Resources Ltd. announces the cancellation of the agreement dated January 16, 2012 regarding an option granted to Aurtois to acquire 75% of the Guillet and Ortona properties, both located in the Belleterre area, Temiscamingue, Quebec. Vantex will also cancel the remaining 445,000 Aurtois common shares that it is holding as part of the 2012 option agreement. This transaction is subject to the approval of the TSX Venture exchange.
The Guillet Property
The Guillet property is located 5 kilometres east of the town of Belleterre, Temiscamingue, Quebec. Comprised of 40 claims covering an area of approx. 609 hectares, the Guillet property contains many gold showings, namely the Lake Expanse showing where important exploration works took place.
The Guillet property covers part of a greenstone belt measuring 50 km by 10 km. The previous Belleterre Mine, located less than 2 km north west of Guillet, produced 2.2 million tons at 10.7 g/t Au (735,000 ounces of gold).
Vantex's work culminated with a bulk sample taken in 2005-2006 from the Lake Expanse gold zone. It returned 11,539 t @ 3.28 g/t Au. In the following year, 2007, Vantex retained Kelly and Gagnon to produce a resource estimate. Results were as follow:
Measured and Indicated: 320,950 t @ 2.62 g/t Au Inferred: 76,570 t @ 2.31 g/t Au.
The Ortona Property
The Ortona property is located in the Guillet township and comprises 17 claims covering an area of 272 hectares. It sits on the north west border of the previous Belleterre Mine mining concession and 3 kilometres north west of the Guillet property, which is 100% owned by Vantex.
The main known showing on this property comprises a gold vein of a maximum width of 2.1 metre and located along a shear zone. A section of this gold vein was sampled on 21 metres and returned gold grades from 5.88 to 48.98 g/t Au (RP190-11). Other channel samplings returned gold grades between 2.18 to 78.9 g/t Au on widths between 0.3 metre and 0.7 metre (GM 10617).
The Belleterre Extreme-Est property
The property is located 3 km east of Belleterre and 60 km east of Ville-Marie, Temiscamingue, Quebec and is adjacent to Vantex 100 % owned Guillet property.
A resource estimate was performed in order to evaluate the gold potential of this project. The estimate resulted in 21,178 tons of ore indicated at 6.37 g/t Au and 33,465 tons of ore inferred at 5.47 g/t Au, for a total of 54,644 tons of ore at 5.77 g/t (0.17 on/t) Au (from 43-101 Technical Report by Mr. Donald Theberge, ing., M.B.A.. in May 2009).
Also, more recent work on the property identified a high grade gold structure. This large structural discontinuity is marked by the presence of a quartz-carbonates veins mineralized fracture system similar to the well known Abitibi orogenic-type deposits like the Sigma and Lamaque mines. The best channel results returned 32.23 g/t Au over 2 m and 21.73 g/t Au over 0.91 m by drilling. (Rapport Geologique - Programme de forages 2002, R. Roy P.Geo, Janvier 2003). The mineralisation is located within a highly sheared corridor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Oct. 26, 2016 11:30 PM EDT Reads: 9,743
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Oct. 26, 2016 11:00 PM EDT Reads: 3,915
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Oct. 26, 2016 11:00 PM EDT Reads: 9,902
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Oct. 26, 2016 11:00 PM EDT Reads: 619
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Oct. 26, 2016 09:45 PM EDT Reads: 3,660
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Oct. 26, 2016 09:45 PM EDT Reads: 1,129
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
Oct. 26, 2016 09:30 PM EDT Reads: 663
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 26, 2016 08:15 PM EDT Reads: 1,474
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 26, 2016 08:00 PM EDT Reads: 1,573
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
Oct. 26, 2016 08:00 PM EDT Reads: 1,429
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
Oct. 26, 2016 07:30 PM EDT Reads: 400
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Oct. 26, 2016 07:00 PM EDT Reads: 2,354
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 26, 2016 06:30 PM EDT Reads: 1,669
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Oct. 26, 2016 06:30 PM EDT Reads: 1,097
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Oct. 26, 2016 06:15 PM EDT Reads: 1,153