Rose Petroleum plc

AFX News


UK smallcap opening - VANE Minerals hardens on positive update


AFX UK Focus (04-11-2007)

LONDON (Thomson Financial) - VANE Minerals hardened 1 to 23-1/2 pence as the company updated on new acquisitions and target generation in its breccia pipe uranium programme in northern Arizona.

VANE has bought a 19-acre parcel of fee (private) ground, which it considers covers a highly favourable pipe target, having several strong surface indicators that are characteristic of uranium-bearing pipes. Vane has also recognised a second pipe target at the recently drilled Miller project that is located 1,000 feet southwest of the Miller Pipe and current Vane drilling.

In addition, a third pipe target was identified on the Rattlesnake Claim group where two targets are already known.