NI 43-101 Report
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
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