Click here to close now.

Welcome!

News Feed Item

Vena Samples 1,147.00 g/t Ag, 1.40% Cu, 28.05% Pb and 16.67% Zn across 3.30 metres at the Esquilache Silver Project

TORONTO, Dec. 3, 2012 /CNW/ - Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that early results of the program to evaluate near term resources on its 100% owned Esquilache project located in southern Peru are very promising.  The program is focused on evaluating the mine dumps generated by historical mining as well as the potential for small open pits to exploit the wider and higher grade surface exposures of the principal veins. This project is complementary to the drill programs already executed with significant results already announced.

David Bent, General Manager and Vice President of Exploration for Vena stated: "We have already had several pleasant surprises such as the orientation sample at the Santa Rosa vein that assayed 0.12 g/t Au, 1,147.00 g/t Ag, 1.40% Cu, 28.05% Pb and 16.67% Zn across 3.30 metres and the high gold values (3.45 g/t Au) from the Quellumina dump. Once the initial sampling program is completed, the next phase will consist of a program of close-spaced, short drill holes to test the selected vein structures to a depth of approximately 30 metres so that we can proceed with calculating NI 43-101 compliant resources amenable to low cost, open pit mining."

The initial phase has concentrated on sampling the dumps on a systematic basis using a combination of pits and trenches to collect samples weighing approximately 4 kilograms at depths of approximately 1 metre. A backhoe has been mobilized to the project to excavate deeper pits that will permit profile sampling to the base of the dumps and add confidence to the calculation of average grades as well as validate volume estimates. To date, assays have been received for a total of 132 of the dump samples with the following results:

Au: 20 samples > 1 g/t, 12 samples > 2 g/t, 3 samples > 5 g/t
Ag: 101 samples > 60 g/t, 52 samples >120 g/t, 32 samples > 200 g/t
Cu: 15 samples > 0.5%, 5 samples > 1%
Pb: 84 samples > 1%, 50 samples > 2%, 26 samples > 3%,
Zn: 101 samples > 1%, 73 samples > 2%, 41 samples > 3%

Preliminary average grades and surface dimensions for individual dumps are shown on the accompanying map. A detailed topographic survey of the dumps is being carried out to determine the approximate volumes of material that would be available for processing.

Metallurgical tests are in progress on three 50 kg samples with the following head grades:

Sample      Au g/t    Ag g/t     Cu %   Pb %    Zn %
Sepulveda Vein   0.04     198.00    0.01    0.26    0.04
Elvira Vein     0.13     149.00     0.03    0.07    0.69
Farallon Dump     0.02     92.00     0.24   1.67    3.47

Systematic channel sampling is in progress to test the surface grades of five of the largest veins: Sepulveda, Blanca, Creston, Elvira and Mamacocha. Other veins will be added as the program progresses. Channels are being cut at 25 metre intervals across the veins and the backhoe will be used to expose the veins in areas of light cover.

This press release has been reviewed and approved by David Bent, P. Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101. Vena's exploration and development programs are being supervised by Mr. Bent.

The TSX does not accept the responsibility for the adequacy or accuracy of this release.  Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

 

 

SOURCE Vena Resources Inc.

Image with caption: "Esquilache Project Peru (CNW Group/Vena Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20121203_C5371_PHOTO_EN_21437.jpg

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...