Vane Minerals says drill testing confirms uranium zones in Arizona
18 November 2009
Vane Minerals has reported significant high grade uranium zones during further drill testing at the Wate breccia pipe in northern Arizona, US.
Vane is working on the project as a 50% joint venture partner with Canadian-based uranium producer Uranium One Exploration.
Among the highlights were hole WT-33, which intersected 25.5 feet of 0.47% eU3O8, completed to a depth of 1500 feet and hole WT-34, which intersected 25.0 feet of 0.22% eU3O8, completed to 1640 feet.
Vane said the results confirmed mineralized breccia pipe dimensions over a vertical extent of 286 feet with a horizontal extent of 115 feet. Further drilling is underway.
Steve Van Nort, Vane’s chief executive, said: “These new drilling results confirm the presence of significant high grade uranium zones as indicated in historic data.”
Vane is close to completing the drilling programme and on target to have all data independently assessed by SRK Consulting in order to produce a NI43-101 compliant resource by the end of the year.
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