Vane Minerals PLC
10 October 2007
10th October 2007
VANE Minerals Plc (AIM:VML)
('VANE' or the 'Company')
NI 43-101 Report
VANE announces the publication of a NI 43-101 technical report on its Northern
Arizona Uranium Breccia Pipe Exploration Project, which was compiled by SRK
Consulting (U.S.) Inc., Tucson, Arizona; SRK reviewed the breccia pipe targets,
VANE's exploration and evaluation strategy and the company's quality control and
assurance practices.
Highlights from the report include:
• VANE's uranium breccia pipes offer an excellent suite of exploration
targets worthy of continued exploration drilling.
• Several of the breccia pipes claimed by VANE were drilled in the early
1980's, with promising results.
• The evidence for the presence of uranium breccia pipes is apparent in
the field and defines valid uranium exploration targets.
• The VANE program is one of identification of prospective pipe targets,
followed by shallow drilling to define a pipe geometry, and deep drilling to
test favorable stratigraphy in the pipes for uranium mineralization - a well
planned and focused exploration program.
• Of the 38 breccia pipe properties held by VANE, five are confirmed pipes.
• One of the breccia pipes contains a historical intercept with up to 1.78%
equivalent U3 O8.
• A program of drilling and gamma logging is justified to test the VANE
exploration targets and it is possible to complete the steps suggested in
the report in a 12 to 18 month time frame at a cost estimate of
approximately US$2.85 million.
Alan V. Moran, a registered Geologist and certified professional geologist, of
SRK Consulting (U.S.) Inc. is the Qualified Person who meets the criteria of a
qualified person as set out in the National Instrument 43-101 ('NI43-101').
Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM Rules -
Guidance for Mining, Oil and Gas Companies, has reviewed and approved the
technical information contained within this announcement.
The full report is available to download from the Company's website - http://
www.vaneminerals.com/?page=download&itemID=25
Enquiries:
VANE Minerals Plc Westwind Partners Ambrian Partners Limited Parkgreen Communications
Matthew Idiens Paul Newman Richard Brown Laura Llewelyn / Beth Harris
+44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7776 6417 +44 (0) 20 7851 7480
For further information, please review: www.vaneminerals.com.
About VANE Minerals:
VANE Minerals was founded by the former international exploration team of
Freeport-McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The Company has assembled a highly qualified and experienced
management team with a proven track record in exploration and development, who
have spent their entire careers searching for and defining large scale mineral
deposits.
The Company is using the silver/gold production at the Diablito mine in Mexico
to help fund exploration work across its attractive portfolio.
Since December 2004, VANE has built up a substantial uranium portfolio of
properties in the Colorado Plateau region, initially targeting the Arizona strip
which holds the highest grade deposits in the US, contained in breccia pipes.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.