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Mill flotation plant start up

21 Nov 2007 07:01

Vane Minerals PLC21 November 2007 21 November 2007 VANE Minerals Plc (AIM:VML) Start-up of Mill and Flotation Plant & Option to Purchase Agreement on Silver /Gold Prospect VANE Minerals Plc (the "Company") and its 100% owned Mexican subsidiary,Minerales VANE SA de CV, are pleased to announce the startup of its 120 tonnesper day mill/flotation plant located at San Dieguito de Arriba, some 30 km NNWof the Company's underground Diablito silver/gold mine. As a result of operating its own mill, the Company has been able to reduce theore cut off grade at the Diablito mine and there is now over 15,000 tonnes ofore stockpiled awaiting processing. It is planned to utilize the lower gradematerial first in the 2 to 4 week start up period during which the mill will befine tuned to optimize recovery. An "Option to Purchase Agreement" on the Bonanza silver/gold prospect, located15 km SE of the mill at San Dieguito de Arriba has been finalized. The blockedportal has been reopened and underground sampling of the steeply dipping quartzvein is in progress to confirm old rib sampling which indicated approximately18,000 tonnes of readily available vein material between the surface and the 355metre elevation. Historic data available to the Company indicate the veinmaterial sampled and drilled by Industrias Penoles S.A. de C.V. in 1986 averaged350 g/T Ag and 3.0 g/T Au. The vein material appears to be ideally suited forsupplemental feed to the mill in San Dieguito de Arriba. Dependent on the confirmation of the old sample results, a drilling program toconfirm and expand this potential resource will be initiated in Q1 2008. Theagreement consists of staged payments up to April 2009 and can be terminated bythe Company at any point with no further payments required. Enquiries: VANE Minerals Plc Westwind Partners Ambrian Partners Limited Parkgreen CommunicationsMatthew Idiens Paul Newman Richard Brown Beth Harris/Laura Llewelyn+44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7776 6417 +44 (0) 20 7851 7480 For further information, please review: www.vaneminerals.com. About VANE Minerals: VANE Minerals was founded by the former international exploration team ofFreeport-McMoRan Copper & Gold Inc., one of the world's largest producers ofcopper and gold. The Company has assembled a highly qualified and experiencedmanagement team with a proven track record in exploration and development, whohave spent their entire careers searching for and defining large-scale mineraldeposits. The Company is using the silver/gold production at its Diablito Mine in Mexicoto help fund exploration work across its attractive portfolio. Since December 2004, VANE has built up a substantial uranium portfolio ofproperties in the Colorado Plateau region, initially targeting the Arizona stripwhich holds the highest grade deposits in the US, contained in breccia pipes. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
3rd Aug 202012:51 pmRNSChange of Name to Zephyr Energy plc & website
29th Jul 20203:17 pmRNSResult of AGM
30th Jun 20207:00 amRNSFinal Results and notice of AGM
8th Jun 20204:30 pmRNSHolding(s) in Company
29th May 20207:00 amRNSGrant of options
5th May 20204:20 pmRNSHolding(s) in Company
1st May 20207:00 amRNSOperations and Strategy Update
10th Feb 20207:00 amRNSUpdate on restructuring of the Paradox project
10th Feb 20207:00 amRNSUpdate on McCoy Lease Working Interest Acquisition
31st Dec 20191:00 pmRNSTotal Voting Rights
3rd Dec 201912:27 pmRNSIssue of Equity and change to TVR
29th Nov 20195:00 pmRNSTotal Voting Rights
22nd Nov 20194:52 pmRNSHolding(s) in Company
21st Nov 201912:43 pmRNSResult of General Meeting and change to TVR
14th Nov 20192:10 pmRNSHolding(s) in Company
8th Nov 20194:12 pmRNSHolding(s) in Company
4th Nov 20192:16 pmRNSDirector/PDMR shareholding
4th Nov 20197:05 amRNSIssue of equity and notice of general meeting
4th Nov 20197:00 amRNSProposed Acquisition-McCoy Interest & Fundraising
14th Oct 20197:00 amRNSRestructuring of the Paradox project
30th Sep 20197:00 amRNSHalf-year Report
3rd Sep 20197:00 amRNSDirectorate Changes and Board Restructuring
2nd Sep 201910:59 amRNSHolding(s) in Company
30th Aug 20195:00 pmRNSTotal Voting Rights
22nd Aug 20197:00 amRNSIssue of equity and change to total voting rights
30th Jul 201912:46 pmRNSResult of AGM and update on Board composition
10th Jul 20193:01 pmRNSHolding(s) in Company
28th Jun 20197:00 amRNSBoard appointment and update
28th Jun 20197:00 amRNSFinal Results
27th Jun 20197:00 amRNSNotice of Annual Results
3rd Jun 20197:00 amRNSTotal Voting Rights
24th May 20197:00 amRNSSubscription completion, board appointment & TVR
20th May 20197:00 amRNSIssue of equity and Board Changes
30th Apr 20197:00 amRNSUpdated Corporate Presentation
23rd Apr 20197:00 amRNSDirectorate Change
12th Apr 20193:40 pmRNSHolding(s) in Company
12th Apr 20197:00 amRNSDirector/PDMR Shareholding
11th Apr 20197:00 amRNSIssue of equity and Board Changes
28th Mar 20197:00 amRNSUpdate & Proposed Board Changes
26th Mar 20199:41 amRNSHolding in Company - Correction
12th Mar 20194:17 pmRNSHolding(s) in Company
5th Mar 20196:09 pmRNSHolding(s) in Company
5th Mar 20199:12 amRNSHolding(s) in Company
11th Jan 20197:00 amRNSAcquisition of additional acreage in Paradox Basin
7th Jan 20197:00 amRNSSchlumberger Study Results
6th Dec 20187:00 amRNSOperations Update
27th Nov 20187:00 amRNSDatabase Agreement & North Wash Vanadium update
1st Nov 20187:00 amRNSBLM Approval for Permit to Drill GV 22-1 well
3rd Oct 20187:00 amRNSHolding(s) in Company
25th Sep 20187:00 amRNSHalf-year Report

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