Vena Resources Inc., a junior Toronto miner, says it has signed a letter of intent with IIMPUL Peru to put the Pucara gold-copper project into production as soon as permits are received.  Vena shares were halted on the TSX pending news.  The letter of intent, announced yesterday, will be set out in a definitive joint venture agreement between Vena and IIMPUL, a private Peruvian company, Vena said in a release.  The Toronto company said it expects to recovers its $2 million (U.S.) investment so far in developing Pucara by the end of 2010.  The remaining after-tax profit will be divided 50-50 between the two partners, the companies said.  VEM (TSX) rose 4 cents to 42 cents.

Peruvian Peaks – The small, poor country that made the right economic moves.pdf