Vane Minerals PLC
12 December 2006
12th December 2006
VANE Minerals Plc (AIM: VML)
Further Drilling Permits Granted for Uranium Exploration
VANE Minerals Plc today announces that its uranium subsidiary VANE Minerals (US)
LLC ('VANE (US)' or 'the Company') has been granted further drilling permits for
the Big Red Pipe and the Rabbit target in the breccia pipe district of northern
Arizona.
The permits were granted further to proposals submitted by the Company in early
December, as announced on the 4th of December.
VANE (US) is continuing with the drilling permitting process on its additional
breccia pipe targets and the Company anticipates that it will commence its first
round of drilling as part of its uranium exploration programme the week
commencing 18th December on the Red Dike and Miller pipes.
VANE plans to commence drilling on the Big Red Pipe and Rabbit targets on
completion of the planned round at Miller and Red Dike.
Michael Spriggs, Chairman of VANE, commented, 'As promised to shareholders, we
have continued to accelerate the development of our uranium portfolio and we are
excited that drilling is scheduled to commence on our first projects next week.
'
Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM rule
guidance for mining, oil and gas companies, has reviewed and approved the
technical information contained within this announcement.
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 portfolio of uranium
properties in the US, initially targeting the breccia pipes of northern Arizona,
which hold the highest grade deposits in the US.
For further information, please review: www.vaneminerals.com.
Enquiries:
VANE Minerals Plc Ambrian Partners Limited
Matthew Idiens Richard Brown
+44 (0) 20 7667 6322 +44 (0) 20 7776 6417
Parkgreen Communications Daniel Stewart & Co
Cathy Malins / Annabel Leather Dan Willmott
+44 (0) 20 7493 3713 +44 (0)20 7776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
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