Business
Sampling Results
Sampling Results.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n Vane Minerals PLC\n10 November 2005\n\n\n VANE Minerals Plc (AIM: VML)\n\n Sampling Confirms High Grade Copper Mineralisation at Choix Prospect\n\nVANE Minerals Plc ('VANE' or 'the Company') today announces the confirmation of\nexposed copper mineralisation at its Choix Prospect, Sinaloa, Mexico. This\nmineralisation was found in rock chip samples which were taken in September\n2005.\n\nA total of 34 samples were collected at surface from three near-parallel, NE-SW\ntrending zones. 22 of those samples were collected from the 'South Zone', a\ncluster of outcrops about 250 metres long and varying from 50 to 80 metres in\nwidth. Seven samples were collected from the 'Middle Zone' which is located\nabout 200 metres north of the South Zone and which outcrops over an area of 150\nby 30 metres. Only three samples were taken from the poorly-exposed 'North\nZone' which is located about 280 metres further north of the Middle Zone.\n\nFrom the samples collected by VANE, total copper values from 32 of the 34\nsamples range from 0.56% to 3.23% Cu at an average grade of 1.85%. Values of\nacid-soluble copper in those 32 samples average 1.67%, indicating that 90% of\nthe copper should be recoverable by leaching. Initial indications are that the\nproject offers great potential for an open pit leachable high grade copper\nproject.\n\nOriginal data on the property, taken by Cambior Exploration SA de CV in July\n1996, showed that 80 surface samples had been collected over an area measuring\n600 metres by 500 metres. These were assayed for copper, gold, silver, lead and\nzinc. Copper values over 1.0% were obtained in 25 samples, while values between\n0.5% and 1.0% copper were found in an additional 17 samples.\n\nWith the sampling now complete, VANE expects its first round of drilling at the\nproject to commence in December or as soon as the equipment can be mobilised.\n\nMichael Spriggs, Chairman of VANE, commented: 'We are very encouraged by the\ninitial samples taken from the Choix property and look forward to drilling the\nproperty in order to ascertain the vertical extent of copper mineralisation. We\nare confident that this project will add further significant value to VANE's\nportfolio.'\n\nVANE's ex Freeport McMoran exploration team have a significant history of\nidentifying extensive copper prospects. Steven Van Nort has 19 years' experi...