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Additional Uranium Drilling I
Additional Uranium Drilling I.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n RNS Number : 6638C Vane Minerals PLC 18 November 2009 \n \n\nVANE Minerals plc (AIM:VML)\n('VANE' or the 'Company')\n\nAdditional Uranium Drilling Intercepts, Wate Pipe, Arizona\n\nHighlights:\n\n\n25.5 feet of 0.47% eU3O8 intersected in Hole WT-33 completed to 1500 feet \n\n\n25.0 feet of 0.22% eU3O8 intersected in Hole WT-34 completed to 1640 feet\n\n\nResults confirm mineralized breccia pipe dimensions over a vertical extent of 286 feet with a horizontal extent of 115 feet\n\n\nDrilling of hole WT-35 in progress\n\n\nNI43-101 compliant resource on target for completion end of 2009\n\n\n \nVANE today announces further results from the exploration drilling on the Wate breccia pipe in northern Arizona. The project is within the VANE-Uranium One Exploration U.S.A. Inc. joint venture in which the Company's wholly-owned subsidiary, VANE Minerals (US) LLC, holds a 50% interest.\n\nHoles WT-33 and WT-34 were completed to the depths of 1500 feet and 1640 feet, respectively. Hole WT-33 encountered one main mineralized zone grading 0.47% eU3O8 over a thickness of 25.5 feet with maximum grade of 1.00% eU3O8.\n\nHole WT-34 intersected a total of 98 feet of mineralization, within which four intervals contained grades above the 0.10% eU3O8 cutoff grade used in calculations. The main zone has a thickness of 25.0 feet with an average grade of 0.22% eU3O8 with a maximum grade of 0.48% eU3O8. \n\nThe drilling results continue to provide data to establish the dimensions to the pipe and distribution of the mineralization. The drilling depths to the top and base of the mineralization encountered by VANE to date are 1245 feet and 1531 feet, respectively, for a total vertical extent of 286 feet. Historic data indicate ore-grade mineralization to a depth of 1850 feet giving a total vertical extent of 605 feet. However, VANE's drilling depths are limited to about 1600 feet in order to focus on the area of the pipe that contains the majority of known mineralization as indicated in the historic data. With respect to the lateral extent of mineralization&n...