Vector Resources Limited (ASX:VEC) High Grade Gold Intercepts Continue at Mt Dimer

Perth, Nov 17, 2011 AEST (ABN Newswire) - Western Australian focussed resources company Vector Resources Ltd (ASX:VEC) ("Vector" or "the Company") is pleased to announce additional results of the Phase 1 drill program at the Mt Dimer Project in Western Australia on tenement M77/427 and M77/428.

The drilling of holes D049 to D078 has recently been completed, with the results from the first 14 reverse circulation holes (D049 to D062) totalling 1,463m being received.

The results relate to a program of validation drilling to confirm historic drill intersections at the Golden Slipper pit at the Mt Dimer project. Of the 14 holes in the latest tranche of results, 9 hit significant intersections. The grades intersected are generally higher than those in the historic drilling.

Vector is now in a position where we can commence building a new resource model for the Golden Slipper prospect. This latest data will be forwarded to our resource consultants for resource modelling and to provide a plan for both infill and projected drilling based upon results from their Leapfrog(C) predictive software. The metre intervals detailed in the table above are measured down hole lengths and are unlikely to be indicative of true width.

This second round of RC drilling at Mt Dimer totalling 30 holes for 3,083 metres targeted areas of Golden Slipper, IP4, LO4 and LO5. The results above relate to Golden Slipper and IP4 with the results of 16 holes for 1,620 metres pending on LO4, LO5 and LO6.

The current Program of Works (PoW) has 69 holes for 7,323 metres remaining. These remaining holes will be targeting areas of Golden Slipper Deeps and extensions of the LO1, LO2, LO3, Frodo and Karli West open pits to the north and south.

Significant Upside

The Mt Dimer project has serious potential with these encouraging and previously released results. Other fundamentals are also encouraging including:

- Mineralisation is still open at depth and along strike in both directions;

- 16 targets remain to be explored in the 7,323 metres of the Phase 1 drill program; and

- 17 new green field targets identified on M77/427 and M77/428 from the auger program still to explore.

For the complete Vector Resources announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-567025.pdf

Contact

Vector Resources Limited P: +61-8-6188-7800 F: +61-8-9481-8772 Email: contact@vectorresources.com.au http://www.vectorresources.com.au