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Vector Resources: Bonanza Grade Gold Strikes Keep On Coming From Gwendolyn

Vector Resources (ASX: VEC) is set to light up the market again today with the continuation of bonanza grade gold discoveries from the Gwendolyn East Project in Western Australia.

The latest highlights from extensional and unclassified infill drilling include; 8 metres at 21.11 grams per tonne (g/t) gold from 61 metres, which included the bonanza 1 metre at 141.37g/t.

Additional results include; 7 metres at 11.9 g/t gold from 81 metres, including 1 metre at 40.5g/t gold and 1 metre at 20.7g/t gold; 12 metres at 3.38g/t from 60 metres; and 5 metres at 6.4g/t gold from 93 metres.

The single metre and four metre composites received are a combination of some Phase two holes not sampled and Phase three extensional and infill drilling.

Importantly - these results identify that the mineralisation envelope continues to expand, with the data set being developed for the resource upgrade which is currently underway.

Astute investors have Vector Resources on their radar

Supporting today's results, and not lost on astute investors, as these are not the first set of high grade discoveries announced by the company in recent times.

Just last month drilling outside the resource area of the project delivered; 5 metres at 22.68g/t gold from 21 metres, including 1 metre at 107.7g/t gold; 1 metre at 20.51g/t gold from 36 metres; and 2 metres at 12.44g/t gold from 117 metres.

Near term news flow to ramp up

Drilling is continuing at speed at the project with another 28 holes remaining on the Phase three program before the Phase four program commences.

Drilling results news flow is set to ramp up in the short term, with over 3000 metres of single metre samples awaiting results.

Hole G193 has hit another super high grade lode that was previously not identified, this is now potentially the seventh lode identified. This hole is located between holes GO16 and GO14 that previously reported as high grade intercepts.

JORC Resource already in place

Gwendolyn hosts a JORC Inferred Resource of 1.21 million tonnes at 2.71g/t gold for 106,000 ounces of contained gold, following two consecutive resource upgrades in the December quarter 2011. The project also has 103,000 unclassified ounces.

Historical mining was carried out at the project, with a near surface oxide pit mined to a depth of about 28 metres for 73,077 ounces of gold production.

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