Vane Minerals PLC
03 October 2007
03 October 2007
VANE Minerals Plc (AIM: VML)
VANE Adds to Uranium Portfolio
VANE Minerals Plc ('VANE' or 'the Company') announces an update on its uranium
activities conducted by VANE Minerals (US) LLC, its wholly-owned uranium
subsidiary.
• Additional breccia pipe target identified in northern Arizona taking total
number of targets to 39
• Additional new claims on prolific La Sal channel, Utah
In northern Arizona, an additional pipe target has been identified on the
Eastern Star-Rattlesnake group which brings the total number of pipe targets
held by VANE to 39. This group is made up of the Eastern Star property which is
private land and the surrounding Rattlesnake claims consisting of 10 lode mining
claims, both of which are held 100% by VANE.
In Utah, VANE has successfully located four lode mining claims on the La Sal
channel where production is underway one mile to the west at the Pandora Mine
which is owned by Denison Mines Ltd. The four Pine claims are adjacent to two
areas of historic significant closely-spaced drilling. VANE's North La Sal
property (announced 24-May-07) is also situated on the La Sal channel seven
miles to the west.
The Company is pleased to demonstrate continued advancement and expansion of its
uranium program and the addition of the Pine claims provides another strategic
position along the prolific La Sal channel.
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.
Enquiries:
VANE Minerals Plc Westwind Partners Ambrian Partners Parkgreen
Limited 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
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