Proactive Investor's  Instablog

Vector Resources (ASX: VEC) has made what can only be described as a spectacular gold discovery at the Gwendolyn East Project in Western Australia.

Reverse circulation drilling delivered 5 metres at 253.33 grams per tonne (g/t) gold from 24 metres, including 1 metre at 1,165g/t gold.

Supporting the super strike is the bonanza; 1 metre at 56g/t gold from surface, with other results including; 1 metre at 17.99g/t gold from 17 metres; 2 metres at 16.6g/t gold from 51 metres; and 12 metres at 8.38g/t gold from surface.

Glyn Povey, managing director, told Proactive Investors today that the company was still waiting on assays from another 118 reverse circulation holes. "The gold discovery is outside of the known mineralised envelope."

These highly anticipated results will cover over 9,000 metres and will certainly ramp up short term news flow, as they are announced over the next three to six weeks.

Damien O'Reilly, chairman, added commented to the gold discovery; "The latest results from Gwendolyn continue to justify our faith in this resource.

"The naturally rich endowment of the Gwendolyn prospect notwithstanding, and increasingly apparent: it is a credit to our executive management, geologists and drilling crews upon whose efforts, experience and instincts we rely so much upon.

"With a great deposit and an equally capable and enthusiastic team of professionals, Vector Resources will continue to add value to its portfolio of assets and uphold our commitment to those investors and shareholders who have placed their trust in us."