Vangold Resources reports that Vangold’s 15-28-37- 8W5M Strachan Alberta Leduc Formation sour gas well; Vangold’s working interest 35% before payout, 21% thereafter; has spud on January 6, 2009 and is currently drilling ahead. It is expected that drilling operations will take approximately 45 days to complete.

The well is being drilled into the Strachan Leduc “C” Pool that has produced approximately 70 BCF of gas to date from three previous wells. The 15-28 well is expected to encounter attic gas in the undrilled updip portion of the reef. This high impact prospect is located in the liquids rich Deep Basin of the Alberta Foothills.

This deep Foothills region of the Western Canadian Sedimentary Basin contains some of the most prolific multi-zone gas wells in North America, as well as some of the largest accumulations of oil and gas reserves. The area has long been a focus area for Exploration and Production Companies and continues to be today.

The prospect is covered by high resolution 3D seismic and is close to gas processing facilities enabling a discovery to be quickly placed on production.

Tags: Vangold Resources Ltd.