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High Grade Uranium Intercepts
High Grade Uranium Intercepts.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n RNS Number : 5953Y Vane Minerals PLC 07 September 2009 \n \n7th September 2009\nVANE Minerals Plc (AIM:VML)\n('VANE' or the 'Company')\n\nHigh Grade Uranium Intercepts, Wate Pipe, Arizona\n\nHighlights:\n\n\n\nHole WT-29A completed to 1595 feet intersecting two high-grade intervals\n\n\n42.0 ft of 0.58% eU3O8 \n\n\n26.5 ft of 1.50% eU3O8 \n\n\n\n\n\n\nRe-entry of Hole WT-25 underway\n\n\n\nVANE Minerals Plc is pleased to announce results from the continued evaluation of historic drilling on the Wate breccia pipe located 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 \nAs part of the programme to produce an NI43-101 resource report on the WATE pipe, operations commenced in mid-August to verify mineralized zones indicated by the historical data in VANE's possession. The report will be compiled by SRK consulting and is expected to be completed by year end.\n\nHole WT-29 was re-entered but the old hole could not be followed past 960 feet where a new hole, WT-29A was started and completed to the depth of 1,595 feet. Operations have now commenced at WT-25 and will continue with the re-entry of additional holes and the drilling of new holes, if required. \n\nTwo (2) high-grade intervals were identified when WT-29A was logged by independent geophysical logging contractors. The results tabled below verify the mineralized zones indicated in the historical data held by VANE:\n\n\n\n\n\nINTERVAL (ft)\n\n\nTHICKNESS (ft)\n\n\nGRADE eU3O8\n\n\nCONTRACTOR\n\n\n\n\nUpper Zone\n\n\n\n\n\n\n\n\n\n\n\n\n\n1318.5-1361.0\n\n\n42.5 \n\n\n0.55% \n\n\nGLS\n\n\n\n\n1321.0-1363.0\n\n\n42.0 \n\n\n0.58% \n\n\nCGC\n\n\n\n\nLower Zone\n\n\n\n\n\n\n\n\n\n\n\n\n\n1498.5-1526.0\n\n\n27.5 \n\n\n1.36% \n\n\nGLS\n\n\n\n\n1496.0-1522.5\n\n\n26.5 \n\n\n1.50% \n\n\nCGC\n\n\n\n\n\nGLS = Geophysical Logging Services\nCGC = Century Geophysical Corporation\n\nNote: A cut-off grade of 0.10% eU3O8 was used in calculating the above intervals.\n\nAdditional results will be reported on as they bec...