Welcome!

News Feed Item

Vena Announces Positive Results of Surface Sampling at the Esquilache Silver Project

TORONTO, Jan. 15, 2013 /CNW/ -  Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces the results of the initial surface sampling phase of the current exploration program being conducted on the Esquilache silver project located in southeastern Peru. The sampling confirmed the continuity of high grade silver values in the surface outcrops of the Sepulveda, Creston, Elvira, Katty and Julian veins with values up to 25 opt Ag (ounces per tonne silver), 5.68% Pb (lead) and 1.45% Zn (zinc) and complements the positive preliminary metallurgical test results that were reported in a press release on January 7, 2013.

The current exploration program commenced with a compilation of historical data of the mine including information from three thesis presentations submitted to the Universidad Nacional San Agustin that date from the early 1960's when Hochschild was actively mining the deposit. To date, systematic sampling (272 channel samples) of five of the more prominent outcropping veins has been undertaken as the first step in establishing resources amenable to exploitation by low cost open pit mining. The program includes sampling of the mine dumps and on-going metallurgical studies to maximize recoveries and concentrate grades.

Based on this work, a planned drill campaign will test the near surface potential of the principal veins with a series of short holes and will also include eight deeper holes to test the potential for the continuity of high grade silver at depth on the Sepulveda and Mamacocha veins. The program is expected to total about 1,700 to 2,000 metres.

The Sepulveda vein is located on Cerro Creston and has been evaluated by channel sampling of outcrops and trenches over a strike length of 450 metres. The transverse sampling was at 25 metre intervals and the best section assayed 10 ounces per tonne (opt) Ag across a vein width of 8 metres. There were 20 sample sections and the elevation difference between the lowest and highest is 130 metres. The accompanying longitudinal section shows the drill plan to test for near surface open pit resources and an initial series of four holes to test the mineralization at depth. The projections of silver mineralization at depth and the outline of underground workings is based on data in the thesis of Alejandro Fundinaga Bedoya that was published in 1961. Table 1 shows the most significant results from the channel sampling program on the vein.

Table 1 - Sepulveda Vein - Significant Channel Samples

             
Trench Sample Length Gold g/t Silver Oz Lead % Zinc %
Tr-2 7003109 2.0 0.09 5.11 0.76 0.08
Tr-2 7003111 2.0 0.06 10.55 0.15 0.02
Tr-2 7003112 2.0 0.01 3.83 0.06 0.04
Tr-2 7003117 1.1 0.01 4.15 5.68 1.15
Tr-3 7003121 2.0 0.01 4.60 0.01 0.01
Tr-3 7003122 2.0 0.01 4.63 0.01 0.01
Tr-3 7003124 1.0 0.01 3.95 0.02 0.01
Tr-5 7003136 2.0 0.01 4.57 0.10 0.01
Tr-5 7003137 2.0 0.01 17.01 0.12 0.07
Tr-6 7003138 2.0 0.01 3.14 0.04 0.04
Tr-6 7003139 2.0 0.01 15.72 0.23 0.02
Tr-6 7003141 2.0 0.02 4.63 0.14 0.02
Tr-7 7003009 1.7 0.02 7.97 0.08 0.01
Tr-7 7003011 1.7 0.02 12.25 0.06 0.02
Tr-8 7003012 1.9 0.00 3.79 0.07 0.01
Tr-10 7003018 0.9 0.01 14.80 0.17 0.01
Tr-11 7003023 2.4 0.05 5.72 0.13 0.01
Tr-11 7003025 1.5 0.03 8.81 0.05 0.00
Tr-11 7003027 1.0 0.02 6.04 0.04 0.00
Tr-12 7003028 1.3 0.05 7.81 0.10 0.01
Tr-13 7003034 1.0 0.02 4.08 0.14 0.01
Tr-20 7003075 1.3 0.00 4.95 0.04 0.00
Tr-20 7003076 1.2 0.02 5.69 0.34 0.01
Tr-20 7003077 2.6 0.01 3.09 0.10 0.01
Tr-20 7003078 1.3 0.02 4.73 0.24 0.03
             

 

The Creston vein is also located on Cerro Creston approximately 300 metres to the southeast of the Sepulveda vein. It was sampled over a strike length of 300 metres by 14 channel sample sites at 25 metre intervals. The best section assayed 10.96 opt Ag across a vein width of 3.3 metres. The elevation difference between the lowest and highest sample sites was 45 metres. Drilling is planned to test the near surface open pit potential and also the vein at depth. Table 2 shows the most significant results of the channel sampling of the Creston vein.

Table 2 - Creston Vein - Significant Channel Samples

             
Trench Sample Length Gold g/t Silver Oz Lead % Zinc %
Tr-1 7003418 2.0 0.03 4.98 0.28 0.01
Tr-2 7003406 1.4 0.12 4.85 0.20 0.02
Tr-4 7003401 2.2 0.16 10.96 1.26 0.04
Tr-9 7003377 1.3 0.05 3.38 0.65 0.22
Tr-9 7003378 2.0 0.14 4.15 0.18 0.18

 

Three of the more prominent veins at Cerro Mamacocha were also sampled during the program. Systematic channel sampling of outcrop and hand excavated trenches demonstrates the continuity of the mineralization along the veins with individual samples having grades up to 25 opt Ag, 1.59% Pb and 1.45% Zn. A drill plan has been designed to test the Mamacocha vein at depth along strike from a successful drill hole completed in 2011. The Mamacocha vein is the southwestern extension of the combined Katty and Julian structures and can be traced for about 300 metres before it disappears under overburden. Table 3 shows the most significant results of the channel sampling of the three veins.

Table 3 - Elvira, Katty & Julian Veins - Significant Channel
  Samples          
             
Elvira Vein          
             
Trench Sample Length Gold g/t Silver Oz Lead % Zinc %
Tr-3 7003443 1.6 0.28 5.98 0.18 0.40
Tr-3 7003444 2.0 0.03 1.56 0.02 1.45
Tr-4 7003449 1.7 0.10 7.04 0.09 0.33
Tr-7 7003461 2.0 0.14 4.73 0.03 0.00
Tr-7 7003463 2.4 0.10 5.66 0.05 0.00
Tr-10 7003472 4.0 0.33 6.66 0.57 0.02
             
Katty Vein          
             
Trench Sample Length Gold g/t Silver Oz Lead % Zinc %
Tr-1 7003477 2.0 0.04 3.47 0.40 0.01
Tr-1 7003478 0.9 0.06 4.21 0.55 0.01
Tr-6 7003494 0.5 0.63 9.81 0.12 0.02
Tr-8 7003498 1.3 0.43 25.03 0.64 0.02
Tr-9 7003501 0.8 0.08 5.11 0.54 0.04
Tr-10 7003503 1.1 0.71 15.29 0.42 0.01
             
Julian Vein          
             
Trench Sample Length Gold g/t Silver Oz Lead % Zinc %
Ch-2 7003507 1.2 0.21 19.56 0.21 0.00
Ch-4 7003509 2.0 0.23 5.40 0.91 0.01
Ch-5 7003511 1.2 0.07 1.82 1.59 0.01
             

 

During the exploration program a total of 23 mine dumps were evaluated by pits and trenches that were mainly excavated by using a backhoe to systematically expose profiles for sampling. The material is dominantly polymetallic with values in silver, lead, zinc, copper and gold. Table 4 shows the average grades that were calculated for the individual dumps using the results of the 322 samples that were collected. Topographic surveying is presently underway to provide a calculation of the tonnage of the dumps.

Table 4 - Average Grades of the Mine Dumps  
               
  DUMP Samples
per Dump
Grades Average
Gold g/t Silver Oz. Copper % Lead % Zinc %
1 Azufrada 1 2 0.08 1.83 0.10 3.46 14.46
2 Azufrada 2 3 0.04 0.87 0.13 1.97 8.08
3 Azufrada 3 3 0.06 1.38 0.10 4.12 18.80
4 Blanca Norte 3 0.31 1.79 0.03 2.94 1.18
5 Crestón 1 7 0.27 4.03 0.09 4.44 3.82
6 Farallón 111 0.44 3.55 0.28 1.76 2.47
7 Mamacocha 6 0.28 3.52 0.36 0.14 0.44
8 Mesa de Plata 1 4 0.79 7.36 0.07 2.10 4.76
9 Mesa de Plata 2 4 0.15 1.98 0.14 1.13 1.70
10 Mesa de Plata 6 0.28 4.25 0.07 2.26 4.87
11 Victoria Nivel 6 8 0.27 4.89 0.20 2.48 1.19
12 Nivel 8 Blanca 6 0.10 2.74 0.05 3.91 0.59
13 Nivel 9 Blanca 5 0.41 2.32 0.07 3.47 0.17
14 Nivel 11 Blanca 9 0.27 2.92 0.04 8.17 2.33
15 Quelleumina 33 3.18 2.70 0.19 0.79 1.55
16 Yanacaca 17 0.39 5.88 0.19 0.79 1.55
17 San Antonio 10 0.04 9.81 0.03 0.68 0.58
18 San Antonio I 5 1.38 6.80 0.02 0.48 0.27
19 Konawire 8 0.21 2.56 0.06 4.69 4.65
20 Split Blanca 6 0.24 1.36 0.05 3.29 1.11
21 Hardy 49 0.12 1.36 0.08 0.79 1.71
22 Hardy B 3 0.05 0.30 0.06 0.15 0.36
23 Sepulveda 14 0.02 2.21 0.01 0.20 0.13
               

 

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: "Longitudinal Section Sepulveda Vein (CNW Group/Vena Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20130115_C5911_PHOTO_EN_22576.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
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of pati...
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Stratoscale, the software company developing the next generation data center operating system, exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016.Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere, IT is empowered to take control of their data ce...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility.