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
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...