Rose Petroleum plc

Sharecast

11-April-2007

VANE Minerals adds 19-acre target

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LONDON (SHARECAST) - VANE Minerals was on the rise today after acquiring 19-acres of private land in northern Arizona, saying there are "several strong surface indicators" of uranium-bearing pipes.

The group said it is "extremely encouraged" by the prospects for this target on which no exploration permission is needed as it is private ground.

In addition, a second pipe target has been recognised at the recently drilled Miller project, 1,000 feet southwest of the Miller Pipe and current drilling.

A third pipe target was identified on the Rattlesnake claim group where two targets are already known.

"The company is also negotiating on further breccia pipe target opportunities and continues to investigate new breccia pipe targets," it added in a statement.