Vangold Resources / VAN (CVE)

    7/26/2006 2:18:26 PM ET News Release Index


    Exploration Update on Mt Penck, Mt Nakru, Fergusson Island, Yup River, Bismarck Papua New Guinea


    VANGOLD RESOURCES LTD.TSX-V:VAN
    NEWS RELEASE


    MT PENCK ET AL.
    EXPLORATION UPDATE


    July 26, 2006 - Vancouver, BC - Vangold Resources Ltd. (“Vangold”) – announces that its joint venture partner, New Guinea Gold Corporation (“NGG”), manager of the projects owned by Kanon Resources Ltd. (“Kanon”) in Papua New Guinea, has provided an update on the Mt. Penck project and four other jointly owned projects in Papua New Guinea.


    Mt. Penck (40% Vangold)


    The Mt Penck evaluation program which has been beset by rain delays since it was re-activated earlier this year is now proceeding at a fast pace. A second drill was recently mobilized to site and it is expected that the two rigs both of which are currently drilling, will continue operating for at least a further three months. At that time it may be necessary to move the second drill to another project. However, the first drill will continue to drill at Mt. Penck until the evaluation program is completed. Vangold beneficially owns 50% of the first drill, and NGG beneficially owns the remaining 50%.


    The initial 239 core samples and 61 trench channel samples were sent from site on June 27th and arrived in Lae where sample preparation (crushed/split/pulverised) was completed. On July 12th these samples were sent to the assay laboratory in Jakarta. The samples were received by the laboratory and accordingly results are expected in the very near future.


    In the current program 8 holes for approximately 1,000m have been completed or are in progress, with initial holes targeting geological concepts. Both drills are now focussing on defining a resource at the Kavola South prospect at Mt Penck, with holes being drilled to 100m depth on a nominal 25 to 50m grid (depending on topography and access).


    The delays in this program have been largely weather related with Papua New Guinea experiencing the worst wet season in many years. Although the weather is still un-seasonally wet, drilling is now proceeding satisfactorily.


    Mt Nakru (25% Vangold)


    Assessment of data was undertaken and drill targets defined for action in the last quarter of 2006, subject to drill availability. Mt Nakru is owned 25% Vangold.


    Fergusson (50% Vangold)


    A geochemical program was completed at Igwageta and an assessment of the results is currently underway. A report should be available in the near future.


    Yup River (50% Vangold)


    A broad soil geochemical program will commence in August to attempt to define drill targets at the Dauri Prospect, referred to in earlier press releases.



    Bismarck (50% Vangold)


    A geochemical soil program is planned for the last quarter of 2006 to attempt to extend the 300m long gold zone defined earlier this year (see Press Release dated 1st March 2006).


    The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr. McNeil has an MSc. in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.


    Vangold is a diversified natural resource company with a portfolio of 29 diverse advanced stage projects including revenue generating oil and gas projects.


    In addition to the above projects in PNG a program is also planned for 2006 at the Feni Islands (50% Vangold). In Uganda, Vangold recently announced an acquisition of 90% of seven rare metal mines through its subsidiary Horn Rare Metals Ltd. Vangold also has licenses covering over 60 sq km in the prospective Kilembe copper/cobalt belt, licenses covering over 300 sq km in the Kilo Moto region and licenses covering over 287 sq kms in the Kafunzo area. The Ugandan government is currently spending US$42 million of airborne geophysics in the area of Vangold’s licenses.


    Vangold’s oil and gas drilling programs in Alberta, Canada, include the Killam North oil field. Vangold is currently planning high impact gas well drilling on three other projects this summer. As a result of Vangold’s oil and gas investments, Vangold has reported its 2006 first quarter revenues was $948,764, an increase of 875% over the same period for 2005. Vangold is continuing to expand its oil and gas interests globally.


    To find out more about Vangold Resources Ltd. please visit our website at http://www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.


    On Behalf of the Board of
    VANGOLD RESOURCES LTD.


    “Dal Brynelsen”


    Dal Brynelsen, President and CEO

    VANGOLD RESOURCES LTD. TSX-V:VAN
    NEWS RELEASE
    VANGOLD GRADUATES TO TIER 1
    ON TSX VENTURE EXCHANGE
    August 8, 2006 - Vancouver, BC - Vangold Resources Ltd. (“Vangold”) – is pleased to announce that it has
    satisfied the TSX Venture Exchange (the “Exchange”) requirements of Policy 2.5 – Tier Maintenance
    Requirements and Inter-Tier Movement. Accordingly, effective August 9, 2006, Vangold’s tier classification
    will change from Tier 2 to Tier 1. Tier 1 is the Exchange’s premier tier and is reserved for the Exchange’s most
    advanced issuers with the most significant financial resources. Tier 1 issuers benefit from decreased filing
    requirements and improved service standards.
    Mr. Dal Brynelsen, President and CEO of Vangold states: “This recognition by the Exchange as a Tier 1 issuer
    solidifies our accomplishments and demonstrates Vangold’s commitment to profitability enabling the future
    development of our projects.
    Vangold is a diversified natural resource company with a portfolio of 29 advanced stage projects including
    revenue generating oil and gas projects. In Papua New Guinea (“PNG”), drilling continues at Mt Penck (40%
    Vangold) where the initial diamond core drill holes have been successful in defining gold mineralization (News
    Release August 2, 2006). Work is also ongoing at Vangold’s other jointly owned properties in PNG (News
    Release July 26, 2006). A program is also planned for 2006 at the Feni Islands (50% Vangold).
    In Uganda, Vangold recently announced (June 26, 2006) an acquisition of 90% of seven rare metal mines
    through its subsidiary Horn Rare Metals Ltd. Vangold also has licenses covering over 60 sq km in the
    prospective Kilembe copper/cobalt belt, licenses covering over 300 sq km in the Kilo Moto gold extension region
    and licenses covering over 287 sq kms in the Kafunzo area which is the extension of the Tanzanian Nickel Belt.
    The Ugandan government is currently spending US$42 million on airborne geophysics in some of Vangold’s
    license areas.
    Vangold’s revenue producing Killam North oil field in Alberta has 16 producing wells providing revenues for
    continued explorations. Vangold is planning high impact gas well drilling on three other projects this summer
    and fall.
    To find out more about Vangold Resources Ltd. please visit our website at http://www.vangold.ca or contact Dal
    Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.
    On Behalf of the Board of
    VANGOLD RESOURCES LTD.
    “Dal Brynelsen”
    Dal Brynelsen, President and CEO

    Hi,


    hier findet ihr den Quartalsbericht 2/06 von Vangold, der gestern herausgekommen ist:


    http://www.sedar.com/DisplayCo…lang=EN&issuerNo=00007595


    Viel Spaß bei der Lektüre. Der letzte Kursrückgang kann aus dem Bericht nicht erklärt werden.


    Vielleicht hängt er damit zusammen, dass die Umsätze und damit die Gewinne aus der Öl- und Gasförderung zwar zugenommen haben aber eine Zunahme für die nächsten Quartale unwahrscheinlich ist.


    Vielleicht hängt er auch damit zusammen, dass jede Menge Geld für die Exploration drauf geht.


    Last but not least ist die Geheimniskrämerei um die "rare metal mines" in Uganda nicht kursfördernd.


    Grüße GW

    Unter folgendem Link gibt es eine Präsentation beim Richmond-Club vom 04.10.2006:


    http://media.richmondclub.com/…Oct4-06_files/Default.htm


    CEO Dan Brynelsen gibt in einem 18-minütigen Vortrag einen guten Überblick über die laufenden und anstehenden Projekte.


    Am Ende noch eine Interpretation des bescheidenen Kursverlaufes: 50% der Aktien liegen bei Institutionellen, wovon angeblich ein europ. Fond seit Januar kontinuierlich verkauft. Mal sehen, wann der fertig hat.


    Grüße

    Hi Goldader,


    herzlich willkommen im Thread. Leider kann mein Firefox den Inhalt des Links nicht anzeigen. Ich muss ´mal sehen, ob ein Update zur Verfügung steht. Gibt es in dem Vortrag etwas, was wir in dem Thread noch nicht besprochen haben?


    Grüße GW

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