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
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, 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...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...