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Published byPhebe Spencer Modified over 9 years ago
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Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru’s mineral potential TSX-V: VEM | Lima: VEM | Germany: V1R The Company currently has four significant projects and a uranium initiative underway in Peru, covering approximately 80,000 hectares, and has access to many additional opportunities. Precious Metals Division Uranium Division Partnership with CAMECO Mining Division - JV Glencore Base Metals Division Strategic Business Units
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TSX-V: VEM | Lima: VEM | Germany: V1R Azulcocha Mine The company has signed an agreement to explore with Glencore of Switzerland on the western portion of the Azulcocha project While a modular mill is being permitted, Vena is selling ore from the underground workings of the Azulcocha zinc mine at market rates. A 50 tpd pilot plant will be onsite as of May 2007 Drilling program underway to confirm historical resource of 3.2 million tons of mineralization. Production level to reach 500 tons per day by end of 2007. 54,000 meter geophysics program underway in Azulcocha West area
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Azulcocha Regional Project Azulcocha Tailings 43-101 filed in SEDAR 1 million tons 3.2% Zinc Azulcocha Underground Mine 3.2 million tons of ore Head Grade was 19% Zn 4 levels have been rehabilitated 2,000 meters repaired Confirmation Drilling Underway Glencore Earn-In Option US$3.75mm Waie 9 Drill Holes 300x4 trenching 110 meters in drifts 400,000 historical tons 12 meters of 33% Zn 4 meters of 10% Zn El Triunfo 4 Drill Holes 450x10 meters in outcrops 23% Zn, 2.3%Cu and 2.4% Pb Azulcocha Mine TSX-V: VEM | Lima: VEM | Germany: V1R
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Precious Metals TSX-V: VEM | Lima: VEM | Germany: V1R Precious Metals Las Princesas Project Huachon ProjectInca Gold Project The favourable interpretation of geophysical and geochemical data suggests that Las Princesas hosts two zones of potencially high gold- bearing areas similar in structure to Barrick’s neighbouring Alto Chicama gold mine. In Central Peru, near the established mining district of "Cerro de Pasco". Huachon lies in the southern extension of the NW trending regional structure, which hosts the Poderosa, Marsa and Horizonte Mines. 8 projects 22,500 Ha. H.S. and L.S. zones. Within structural corridor of Yanacocha, Alto Chicama and Pierina. Carhuaz Santiago de Chuco Huamachuco Huaranchal Pallasca Huaraz Masma Compin
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Uranium TSX-V: VEM | Lima: VEM | Germany: V1R Vena signed a Letter of Intent with Cameco Corporation to establish a jointly-owned company to explore and develop Vena´s Uranium assets in Peru. The new company will explore 3 regions where Vena has a presence equivalent to 47,500 hectares. CAMECO has the option to invest $10 million over the next four years in two stage payments to obtain up to 50% of MINERGIA, a Vena subsidiary that controls the Uranium claims in Peru. IPEN estimated a potential resource of 200,000 tons of Uranium mineralization with grades ranging from 0.2% to 12% U3O8. (not 43-101 compliant) Historical IPEN data claims 30,000 tons of U3O8 in Macusani alone (not 43-101 complaint)
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Uranium Drilling Campaign - Concharrumio - Macusani TSX-V: VEM | Lima: VEM | Germany: V1R
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