Stocks & Investing
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Stocks and Investing
Tue, April 3, 2012 Vantex Resources Ltd. Announces the Appointments of Mr. Charles Beaudry to its Board of Directors and Mr. Fred Archibald as Pro
April 03, 2012 09:00 ET
Vantex Resources Ltd. Announces the Appointments of Mr. Charles Beaudry to its Board of Directors and Mr. Fred Archibald as Project Manager
LA PRAIRIE, QUEBEC--(Marketwire - April 3, 2012) - The management and directors of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) are pleased to announce the appointments of Mr. Charles Beaudry, M.Sc., P.Geo, APGO, OGQ to the company's Board of Directors and Mr. Fred Archibald, P.Geo., APGO, OGQ as Project Manager. These appointments follow the company's strategy to increase the current team to enhance the development of the Galloway project, located in the Dasserat Township, Abitibi, Quebec. Mr. Beaudry's appointment is subject to shareholder approval at the shareholder meeting that will take place on April 30, 2012.
Mr. Charles Beaudry, the current President and COO of Xmet Inc., which operates in Abitibi, Quebec, has agreed to act as an independent director on the company's Board of Directors.
Mr. Beaudry is a seasoned mining executive with over 30 years experience in project generation, business development, quality control/quality assurance and hands on project management in environments ranging from grass roots target generation to advanced, feasibility-stage projects. He has worked over seventeen years with Noranda/Falconbridge, including five years as country manager in Brazil and was involved in several discoveries including the Tortigny base metal deposit currently being explored by Beaufield Resources. Immediately before joining Xmet Inc. he was General Manager for New Opportunities with IAMGOLD Corporation where he headed the world-wide search for new acquisitions and championed the opening of an exploration office in Colombia. Mr. Beaudry has worked and lived in the Abitibi region of Quebec for fifteen years and brings to the board of directors a wealth of local experience with strong geological background and proven project development skills.
Mr. Archibald has 36 years experience in geological and geophysical techniques for the exploration of precious and semi-precious minerals and industrial minerals. He has served as project manager on several very large exploration projects and founded the Leadbetter diamond deposit in Wawa, Ontario, Canada. He has worked on the Beattie mine, the Donchester mine, the Hunter mine and the Duquesne mine, all located in the Duparquet area in Quebec. He managed programmes at the former Edwards gold mine and Magino gold mine in Wawa, Ontario; both mines were brought back into production. Mr. Archibald also delineated a number of gold alluvial projects in Chile that have been brought into production by a number of Canadian and American mining companies. He was instrumental in the discovery and development of the Vermiculite 'Archibald Occurrence' near Peterborough, Ontario, Canada.
In addition to being Project Manager, Mr. Archibald will also support the company President, Mr. Jean-Pierre Colin, in company presentations to mining analyst, mining funds, investment funds and private investors. Mr. Archibald's office will be located in Vantex's Toronto offices.
"Adding to our team individuals like Mr. Charles Beaudry and Mr. Fred Archibald enhances the ability of Vantex to develop our gold assets in a most professional and comprehensive manner. Mr. Beaudry and Mr. Archibald bring a great deal of experience. Through their successful involvement in developing gold projects such as those of Xmet and Clifton Star in the Abitibi region, they heighten the very specific expertise that Vantex seeks." said Mr. Jean-Pierre Colin, President & Director of Vantex.
Galloway Project
As mentioned in Vantex's last press release dated March 14, 2012, the company expects to start drilling in the coming days. The slight delay was caused by the early thaw which required special equipment to transport drilling equipment. The first drill hole will be about 1200 meters and located within the area called the Golden Triangle. It is possible that from the same drill hole a wedge will be placed at 350 metres to provide an additional section.
Cookie Monster
The management of the company is also preparing a drilling program on the Cookie Monster property, located in the Monster Lake area of Chibougamau, Quebec. This project will be a joint project with Amseco Exploration.The Monster Lake area is known for its numerous gold deposits, namely the Joe Mann, Chevrier (8,000,000 tonnes at 2.28 g/t Au) and Philibert deposits.
This press release was read and approved by Mr. Daniel Kelly. Mr. Daniel Kelly is also the 43-101 Qualified Person.
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.
