yeehaa. ..fe samples up to 65.96 percent

Back to the 40c plus where it opened in a hurry I'd say...Shame the Dow has battered it...most stocks where people had good profit have taken worse battering than others.

Quick pull up now hopefully....and got to love those 1c loyalty options.

Vector Resources Ltd
ABN 99 107 541 453
PO Box 1922
West Perth
WA 6872
Tel: (08) 9481 1144
Fax: (08) 9481 1155
___________________________________________________________________
25th January 2008
The Companies Announcement Office
Australian Stock Exchange Limited
20 Bridge Street
Sydney NSW 2000
Dear Sir/Madam
ENCOURAGING ROCK CHIP ASSAY RESULTS UP TO
65.96% Fe
Vector Resources (“Vector”) is pleased to announce encouraging iron ore assay
results of up to 65.96% Fe from its ground position at the Nabberu Iron Project
which is located in central Western Australia, approximately 150km north of
Wiluna.
A total of 71 samples were taken during the field trip to scope out Vector’s
tenements for future exploration work and the sampling has unveiled six
separate areas of hematite-goethite mineralization, with results outlined below.
The results largely confirm previous work undertaken by other explorers on the
project area.
Sample ID Location Fe % SiO2% P% LOI %
S2 Mugurra Pool 63.1 3.3 0.084 2.97
S3 Mugurra Pool 58.2 6.15 0.293 4.97
S8 Mugurra Pool 58.1 5.14 0.026 5.53
S11 Sweetwater’s 64.3 3.33 0.029 2.33
S12 Sweetwater’s 64.5 2.67 0.066 2.77
S13 Sweetwater’s 64.4 4.22 0.027 1.93
S15 Flattop 62.0 4.35 0.027 3.09
S16 Flattop 64.5 2.37 0.019 2.64
S17 Flattop 60.3 5.18 0.02 4.89
S18 Flattop 63.8 2.99 0.041 2.93
S20 Shelf 63.6 3.23 0.051 2.30
S21 Shelf 64.0 3.55 0.047 2.57
S22 Shelf 62.0 4.75 0.054 3.37
S24 Shelf 61.7 4.62 0.062 4.73
S26 Shelf 60.1 4.43 0.054 7.5
S28 Shelf 62.7 3.74 0.062 4.10
S43 Bullock Hill 63.0 3.55 0.084 3.02
S44 Bullock Hill 62.0 3.46 0.053 3.6
S45 Bullock Hill 64.4 2.39 0.035 3.32
S46 Bullock Hill 61.5 4.59 0.056 5.56
S57 Ivan Ridge 60.3 7.32 0.037 3.05
S58 Ivan Ridge 66.0 2.27 0.012 1.44
S60 Ivan Ridge 63.1 3.67 0.031 2.77
S61 Ivan Ridge 62.4 3.36 0.088 4.04
A full set of results can be located in Appendix .1
Fig .1 Diagram of Project Tenement Location
Project Overview
Vector's Nabberu Iron Project is located in central Western Australia,
approximately 150km north of Wiluna and 750km north east of Perth in the
Nabberu Basin and consists of 4 exploration licences (E69/2061, E69/2062,
E69/2064 and E69/2065) and 1 exploration licence application (E69/2063). The
total area of the project is approximately 560 sq. km. and is held by Louise
Minerals Pty Ltd, a wholly owned subsidiary of Vector.
The Nabberu Basin is known to contain two distinctive iron formations. The first
is a Banded Iron Formation (BIF) which is similar to those seen in the Hamersley
Basin, whilst the second, the Granular Iron Formation (GIF) shows gross
characteristics to the taconites seen in North American iron ore regions.
Both units show localised evidence of iron enrichment with correspondingly low
contents of impurities such as Phosphorus. The Nabberu Basin is of similar age
and size to the Hamersley Basin and shares similar styles of mineralisation and
chemistry of sedimentation.
Drilling Program
During the recently completed field trips extensive mapping was completed on
most of the project area and this information combined with the rock chip
samples has been used to assist in defining drilling targets. Based upon this data
a first pass RC drilling program has been developed and a budget is being
finalised. Subject to statutory compliance, the areas know as Sweetwater’s,
Flattop and Shelf will be prioritised as prime targets. It is envisage that drilling
will commence in the forth coming quarter.
Currently the Company has personnel on site assessing the logistics concerning
field personnel’s access and accommodation for the program and negotiations
have commenced regarding drill availability and duration of service. The
Company has acquired a field camp which is being refurbished and will be
located on site at Granite Peak Station in the next few weeks.
A further rock chip sampling program is set for February 2008, and upon
completion of analysis, further results will be announced to the market.
Corporate
Following the successful listing of the Company on 17 December 2007, the
Company now has on issue 105,633,333 fully paid ordinary shares. This IPO was
heavily over subscribed.
The Company is currently preparing a prospectus regarding the issue on a nonrenounceable
pro rata offer of options each at a issue price of $0.01, exercisable
at $0.20 on or before 30 June 2012, on the basis of one option for every two
shares held at the record date; and
A placement of 52,000,000 options each at an issue price of $0.01, exercisable
at $0.20 on or before 30 June 2012, to clients of Indian Ocean Capital.
Yours faithfully
Roland Berzins
Company Secretary
The information in this report that relates to exploration results is based on information
compiled by Mr. Nick Revell who is a member of the Australasian Institute of Mining and
Metallurgy. Mr. Revell has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves’. Mr. Revell consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
Appendix 1
Rock Chip Samples from Trip to Nabberu Basin completed 2007
Sample
Number
Results Prospect, Locality Altitude
Fe % SiO2 % P % XRF LOI %
S1 31.47 50.46 0.02 1.52 SW of Mugurra pool 568 m
S2 63.1 3.3 0.084 2.97 W of Mugurra Pool 552 m
S3 58.2 6.15 0.293 4.97 W of Mugurra Pool 558 m
S4 51.23 15.16 0.277 9.17 SE of Mugurra Pool 566 m
S5 46.28 23.21 0.400 7.97 SE of Mugurra Pool 576 m
S6 54.74 9.34 0.314 9.74 SE of Mugurra Pool 573 m
S7 57.23 7.87 0.143 7.53 SE of Mugurra Pool 572 m
S8 58.09 5.14 0.026 5.53 SE of Mugurra Pool 557 m
S9 55.77 8.45 0.040 5.04 SE of Mugurra Pool 551 m
S10 58.66 7.05 0.066 3.82 Sweetwaters 551 m
S11 64.33 3.33 0.029 2.33 Sweetwaters 556 m
S12 64.49 2.67 0.066 2.77 Sweetwaters 553 m
S13 64.38 4.22 0.027 1.93 Sweetwaters 552 m
S14 58.52 6.49 0.036 4.1 Sweetwaters 557 m
S15 62.03 4.35 0.027 3.09 Flatop 556 m
S16 64.94 2.37 0.019 2.64 Flatop 551 m
S17 60.28 5.18 0.02 4.89 Flatop 557 m
S18 63.78 2.99 0.041 2.93 Flatop 553 m
S19 56.86 10.96 0.037 4.91 SE of Mugurra Pool 556 m
S20 63.62 3.23 0.051 2.3 Shelf 558 m
S21 63.95 3.55 0.047 2.57 Shelf 561 m
S22 61.95 4.75 0.054 3.37 Shelf 561 m
S23 59.95 8.67 0.087 2.75 Shelf 557 m
S24 61.73 4.62 0.062 4.73 S of Shelf 570 m
S25 60.07 4.43 0.054 7.5 S of Shelf 566 m
S26 62.67 3.74 0.062 4.1 S of Shelf 572 m
S27 36.84 3.98 0.045 7.66 S of Shelf 579 m
S28 62.47 3.56 0.05 4.35 S of Shelf 578 m
S29 58.65 5.75 0.081 4.17 W of Eladge Bore 559 m
S30 29.33 54.87 0.057 0.97 W of Eladge Bore 564 m
S31 55.87 10.07 0.178 4.62 W of Eladge Bore 562 m
S32 36.42 43.11 0.121 1.65 W of Eladge Bore 564 m
S33 58.93 5.43 0.401 5.74 Goethite 554 m
S34 54.54 9.69 0.235 9.39 S of 'Goethite' 548 m
S35 59.82 4.47 0.056 7.14 Lamb Chop Prospect 571 m
S36 59.87 4.78 0.05 6.83 Fan prospect 571 m
S37 61.87 5.23 0.052 4.48 Camp 2 Prospect 540 m
S38 34.96 11.58 0.248 6.99 Blue Nugget Prospect 550 m
S39 12.7 9.37 0.394 11.09 Blue Nugget Prospect 557 m
S40 62.16 3.33 0.07 4.51 W of Blue Nugget shear zone 560 m
S41 55.71 8.55 0.014 4.69 Camp 2 Prospect 540 m
S42 58.6 4.12 0.019 10.08 W of Camp 2 557 m
S43 62.98 3.55 0.084 3.02 Bullock Vein 562 m
S44 61.97 3.46 0.053 3.6 Bullock Hill 569 m
S45 64.36 2.39 0.035 3.32 Bullock Hill 546 m
S46 61.5 4.59 0.056 5.56 Camp 2 Prospect 543 m
S47 56.92 9.76 0.024 4.24 Camp 2 Prospect 547 m
S48 60.53 4.9 0.067 4.78 Camp 2 Prospect 537 m
S49 58.19 5.89 0.03 5.84 Camp 2 Prospect 526 m
S50 58.81 4.64 0.058 8.93 N of Lake Nabberu 547 m
S51 57.39 9.65 0.063 4.09 N of Pit prospect 584 m
S52 56.28 6.45 0.459 9.79 Pit prospect 562 m
S53 56.99 4.32 0.656 9.04 Den shear zone 577 m
S54 59.12 2.79 0.449 7.29 Broken Edge 578 m
S55 60.04 10.28 0.079 2.17 Blue Cliff 557 m
S56 11.05 18.52 0.636 10.78 Blue Cliff 567 m
S57 60.28 7.32 0.037 3.05 Ivan Ridge South 640 m
S58 *65.96* 2.27 0.012 1.44 Ivan Ridge South 642 m
S59 55.36 6.38 0.06 7.99 Ivan Ridge North 621 m
S60 63.13 3.67 0.031 2.77 Ivan Ridge North 630 m
S61 62.4 3.36 0.088 4.04 Ivan Ridge North 620 m
S62 59.88 5.92 0.026 3.52 Ivan Ridge central 643 m
S63 58.6 5.51 0.032 5.05 Ivan Ridge central 624 m
S64 58.76 8.91 0.04 2.6 Ivan Ridge central 634 m
S65 40.87 36.59 0.047 1.46 Sydney Heads 567 m
S66 60.9 6.89 0.057 1.79 Sydney Heads 562 m
S67 43.79 32.69 0.056 0.93 Sydney Heads 572 m
S68 44.34 32.86 0.048 1.02 Sydney Heads, SE 556 m
S69 61.83 3.95 0.053 3.92 Sydney Heads, NE 586 m
S70 56.02 6.23 0.219 10.55 Sydney Heads, NE 591 m
S71 61.48 3.62 0.066 5.63 Sydney Heads, NE 585 m