VANGOLD RESOURCES LTD.
TSX-V:VAN
NEWS RELEASE
VANGOLD CONTINUES TO ACQUIRE
COPPER/COBALT LICENCES IN UGANDA
January 25, 2006, Vancouver, BC, Vangold Resources Ltd. (“Vangold”) announces that the Phase 1 exploration
program has commenced on its 5 exploration licenses in Uganda. The licenses cover over 60 sq km, adjoining the
Kilembe mining lease which continues along strike of the Kilembe Schist belt to the southwest.
Vangold has commissioned the services of Steven McMullan, P.Geo, consultant geophysicist from Gaborone,
Botswana and Geo Consult and Surveys Limited of Kamapla, Uganda to obtain historical data compilation, remote
sensing (satellite imagery and aeromagnetics), reconnaissance field investigations and integrated interpretation.
Results will be used as the basis for planning Phase II of exploration including soil geochemistry, geological
mapping, ground geophysics culminating in a drilling programme on prospective targets.
The Kilembe mine produced over 16 million tonnes grading 1.98% copper and 0.17% cobalt. The current resource
estimate west of the licenses, based on a geostatistical block model, is 2 million tonnes grading at 1.59% copper.
Falconbridge in the 1960’s explored the area and did some diamond drilling. In the 1990’s Banff Resources
identified a geophysical anomaly and tested it by six surface diamond drill holes. The best intersection was 0.93%
copper over 9.9 meters.
The government of Uganda is spending over US$42 million over the next two years on mineral sector reforms and
geodata infrastructure development including geological, geochemical, airborne and geophysical surveys. Part of
the project funds will be spent on areas of the country where Vangold has its exploration license which are some of
the most prospective exploration areas in Uganda.
Vangold Resources Ltd. is a unique natural resource company with a portfolio of 22 diverse advanced stage projects
including revenue generating oil and gas projects. In the gold sector, drilling will commence early 2006 at Mt. Penck
(Papua New Guinea) which has been compared to Nevada’s Round Mountain Mine (9 million ounces). Vangold also
has licenses covering over 60 sq km in the prospective Kilembe copper/cobalt belt in Uganda.
Vangold’s oil and gas drilling programs in Alberta, Canada, include the Killam N oil field. Vangold and its
partners are currently drilling a 16 well first phase program on its 26.25% owned Killam N oil field. Drilling of
four new multi-leg horizontal wells is now complete and the drilling of a fifth multi-leg well is presently underway.
The first well is currently producing 270 barrels of oil per day. The second well is currently producing 275 barrels
of oil per day and the third well is currently producing 315 barrels of oil per day. The fourth well is currently being
completed for production.
Vangold’s Alberta projects also include the Sarcee Gas Discovery, (the Sarcee 12-13-23-4W5M well is estimated
to be 20 to 30 BCF [Sproule Associates Ltd.]. Another of Vangold’s Alberta gas projects is located in the Rocky
Mountain House Deep Gas Basin which is close to Shell's trillion cubic feet pool.
To find out more about Vangold Resources Ltd. please visit our website at 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
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of the content of this news release.
Suite 1730, 650 West Georgia Street, P.O. Box 11622, Vancouver, BC, V6B 4N9
Phone: 604-684-1974 Fax: 604-685-5970 www.vangold.ca