|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.
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 26, 2014 11:00 AM EST Reads: 1,755
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Dec. 26, 2014 11:00 AM EST Reads: 1,983
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Dec. 26, 2014 11:00 AM EST Reads: 1,899
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
Dec. 26, 2014 11:00 AM EST Reads: 2,061
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Dec. 26, 2014 11:00 AM EST Reads: 2,145
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Dec. 26, 2014 10:00 AM EST Reads: 7,116
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Dec. 26, 2014 10:00 AM EST Reads: 1,946
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
Dec. 26, 2014 10:00 AM EST Reads: 1,721
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 26, 2014 09:30 AM EST Reads: 1,723
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now 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 world's large...
Dec. 26, 2014 09:00 AM EST Reads: 2,588
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Dec. 26, 2014 09:00 AM EST Reads: 2,006
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
Dec. 26, 2014 09:00 AM EST Reads: 2,222
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Dec. 26, 2014 08:30 AM EST Reads: 2,365
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Dec. 26, 2014 08:15 AM EST Reads: 2,025
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 26, 2014 08:15 AM EST Reads: 1,777