NI 43-101 Resource Report, Wate Pipe, Arizona, USA
Further to the announcement on 29 October 2010, VANE Minerals today announces that the updated NI 43-101 report, prepared by SRK Consulting, on the Wate breccia pipe, can be found on the company website, link: http://www.vaneminerals.com/investor/downloads
As previously announced, key highlights from the report are as follows:
· 27% increase in NI 43-101 uranium resource at Wate Pipe project
· Wate project has been increased to 886,000 lbs eU3O8 at an average grade of 0.76% eU3O8
The project is held jointly by the Company's wholly-owned subsidiary, VANE Minerals (US) LLC and its joint venture partner Uranium One Exploration U.S.A. Inc.
Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc Geology, who meets the criteria of a qualified person under the AIM Rules - Guidance for Mining, Oil and Gas Companies, has reviewed and approved the technical information contained within this announcement. VANE Minerals, as operator of the joint venture, is responsible for the contents of this press release.