|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.
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Jul. 5, 2015 11:15 AM EDT Reads: 1,032
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Jul. 5, 2015 11:00 AM EDT Reads: 1,331
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
Jul. 5, 2015 11:00 AM EDT Reads: 1,473
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Alert Logic provides Security-as-a-Service for on-premises, cloud, and hybrid IT infrastructures, delivering deep security insight and continuous protection for cust...
Jul. 5, 2015 11:00 AM EDT Reads: 2,046
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 5, 2015 10:45 AM EDT Reads: 1,196
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Jul. 5, 2015 10:45 AM EDT Reads: 2,288
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Jul. 5, 2015 10:45 AM EDT Reads: 1,402
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Jul. 5, 2015 10:15 AM EDT Reads: 1,231
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Jul. 5, 2015 10:00 AM EDT Reads: 2,772
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Jul. 5, 2015 10:00 AM EDT Reads: 1,205
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Jul. 5, 2015 09:45 AM EDT Reads: 1,620
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jul. 5, 2015 09:30 AM EDT Reads: 1,580
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
Jul. 5, 2015 09:30 AM EDT Reads: 1,238
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 5, 2015 09:15 AM EDT Reads: 1,198
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Jul. 5, 2015 09:00 AM EDT Reads: 2,385