Rose Petroleum plc

Dow Jones

27-July-2007

Vane gets North Alice drill approval

LONDON (SHARECAST) - Vane Minerals is better Friday after receiving approval from government authorities to start drilling for uranium on its North

It said a drilling contract has been signed for an additional rig and drilling is expected to begin next week.

The group reckons the property area holds a significant resource and is attempting to obtain historic data as an addition to its own drilling results to ascertain a clearer resource estimate.

Vane added that it has also encountered uranium mineralisation in all holes completed at the Red Dike pipe and Miller pipe in Arizona, with results expected in September.