May 11, 2009
TORONTO, ONTARIO -- (MARKET WIRE) -- 05/11/09 -- Vena Resources Inc. ("Vena" or "the Company") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R) is pleased to announce it has received a final report from Consorcio Minero Horizonte (CMH), a well known Peruvian mining company that is reviewing the Pucara project in Puno, Peru as previously reported. CMH has completed with all the requirements of the Letter of Intent. Next steps, if any, will be discussed by both companies in the short term.
CMH's re-sampling program found strong correlation to the data already reported by Vena, moreover the remapping of several outcropping veins found wider zones than previously reported. Some of these zones can be considered as potential ore-shoots that merit additional geological structural study.
Metallurgical tests were performed on two samples: the stockpile from the Katy vein and a drill core composite from several drill holes. The overall analysis concluded that the mineralogy is of easy liberation and good floatation with good distribution of gold in the bulk concentrate and excellent gold dissolution in the leaching test. A summary of the results are shown below:
|
Flotation
|
||||||
|
Head Grade
|
Concentrate Bulk
|
% Recovery
|
||||
|
Katy
Stockpile |
Core
Composite |
Katy
Stockpile |
Core
Composite |
Katy
Stockpile |
Core
Composite |
|
| Au g/t |
3.85
|
3.61
|
13.25
|
15.98
|
90.90
|
91.30
|
| Ag g/t |
11.50
|
5.98
|
42.12
|
23.87
|
87.42
|
86.70
|
| %Cu |
2.99
|
0.89
|
11.34
|
3.64
|
87.24
|
89.32
|
|
Leaching
|
||||||
|
Head Grade
|
Tailings
|
% Extraction
|
||||
|
Katy
Stockpile |
Core
Composite |
Katy
Stockpile |
Core
Composite |
Katy
Stockpile |
Core
Composite |
|
| Au g/t |
3.85
|
3.61
|
0.41
|
0.46
|
88.93
|
87.02
|
| Ag g/t |
11.50
|
5.98
|
4.45
|
2.05
|
62.09
|
60.25
|
To confirm the mineral potential, leading to a National Instrument 43-101 resource compliant report, CMH recommends an additional 2,200 meter drill program in ten drill holes. Mineralogical studies determined that chalcopyrite, bornite and sphalarite (hematite) are the most abundant minerals. In total, 34 core segments were re-sampled from 17 drill holes.
|
MESH (g/t)
|
CMH
|
VENA
|
||||||
| SAMPLE VENA | ||||||||
| CMH | Drill Hole |
From
|
To
|
Length
|
Au +200
|
Au -200
|
Au g/t
|
Au g/t
|
| 76912 | PK-DDH 004 - 07 |
69.85
|
70.75
|
0.90
|
0.09
|
1.04
|
1.13
|
1.55
|
| 76913 | PK-DDH 004 - 07 |
70.75
|
71.75
|
1.00
|
0.25
|
6.94
|
7.19
|
6.40
|
| 76914 | PK-DDH 004 - 07 |
71.75
|
72.55
|
0.80
|
0.06
|
0.76
|
0.82
|
1.03
|
| 76907 | PK-DDH 005 - 07 |
121.60
|
122.10
|
0.50
|
0.01
|
0.12
|
0.13
|
1.64
|
| 76908 | PK-DDH 005 - 07 |
190.80
|
191.65
|
0.85
|
0.05
|
0.93
|
0.98
|
0.50
|
| 75698 | PK-DDH 006 - 07 |
29.05
|
29.75
|
0.70
|
0.01
|
1.03
|
1.04
|
2.15
|
| 75699 | PK-DDH 006 - 07 |
87.60
|
88.90
|
1.30
|
0.05
|
1.27
|
1.32
|
1.67
|
| 75700 | PK-DDH 006 - 07 |
207.10
|
208.90
|
1.80
|
0.13
|
1.64
|
1.77
|
1.87
|
| 76901 | PK-DDH 006A - 07 |
208.90
|
210.75
|
1.85
|
0.06
|
2.92
|
2.98
|
2.07
|
| 76909 | PK-DDH 006A - 07 |
170.10
|
171.50
|
1.40
|
0.23
|
0.96
|
1.19
|
0.78
|
| 76910 | PK-DDH 006A - 07 |
176.70
|
177.90
|
1.20
|
0.16
|
0.46
|
0.62
|
0.89
|
| 76902 | PK-DDH 007 - 07 |
69.00
|
69.75
|
0.75
|
0.22
|
7.04
|
7.26
|
2.82
|
| 76903 | PK-DDH 007 - 07 |
86.30
|
87.30
|
1.00
|
0.45
|
4.27
|
4.72
|
6.21
|
| 76906 | PK-DDH 008 - 07 |
29.00
|
30.20
|
1.20
|
0.02
|
0.65
|
0.67
|
0.74
|
| 76915 | PK-DDH 009 - 07 |
45.80
|
46.50
|
0.70
|
0.14
|
1.90
|
2.04
|
2.44
|
| 76916 | PK-DDH 009 - 07 |
56.80
|
58.10
|
1.30
|
0.04
|
1.02
|
1.06
|
0.93
|
| 76917 | PK-DDH 010 - 07 |
150.10
|
152.05
|
1.95
|
0.05
|
1.40
|
1.45
|
1.24
|
| 76918 | PK-DDH 010 - 07 |
165.50
|
166.70
|
1.20
|
0.08
|
1.87
|
1.95
|
0.93
|
| 76919 | PK-DDH 010A - 07 |
64.60
|
66.10
|
1.50
|
0.04
|
5.18
|
5.22
|
5.63
|
| 75692 | PK-DDH 011 - 07 |
27.10
|
29.20
|
2.10
|
0.74
|
0.99
|
1.73
|
1.36
|
| 75693 | PK-DDH 011 - 07 |
102.70
|
104.60
|
1.90
|
0.27
|
3.23
|
3.50
|
3.04
|
| 75694 | PK-DDH 011 - 07 |
115.15
|
119.15
|
4.00
|
0.92
|
3.64
|
4.56
|
3.04
|
| 76920 | PK-DDH 012 - 07 |
53.80
|
54.80
|
1.00
|
0.16
|
1.85
|
2.01
|
1.07
|
| 76921 | PK-DDH 012A - 07 |
50.50
|
52.50
|
2.00
|
0.10
|
0.56
|
0.66
|
2.78
|
| 76922 | PK-DDH 012A - 07 |
52.50
|
54.10
|
1.60
|
0.39
|
2.76
|
3.15
|
4.81
|
| 76923 | PK-DDH 012A - 07 |
54.10
|
56.10
|
2.00
|
0.08
|
1.30
|
1.38
|
1.39
|
| 76924 | PK-DDH 012A - 07 |
57.20
|
58.55
|
1.35
|
0.11
|
1.56
|
1.67
|
1.67
|
| 76925 | PK-DDH 015 - 07 |
117.60
|
117.90
|
0.30
|
0.08
|
0.90
|
0.98
|
2.14
|
| 76905 | PK-DDH 015A - 07 |
165.40
|
167.00
|
1.60
|
0.08
|
0.28
|
0.36
|
0.47
|
| 75695 | PK-DDH 017 - 07 |
71.40
|
72.00
|
0.60
|
0.08
|
0.32
|
0.40
|
1.24
|
| 75696 | PK-DDH 017 - 07 |
123.60
|
124.60
|
1.00
|
14.41
|
14.37
|
28.78
|
1.51
|
| 75697 | PK-DDH 017 - 07 |
173.60
|
174.30
|
0.70
|
3.29
|
0.71
|
4.00
|
13.23
|
| 76911 | PK-DDH 018 - 07 |
179.25
|
179.55
|
0.30
|
0.15
|
0.58
|
0.73
|
1.02
|
| 76904 | PK-DDH 019 - 07 |
56.80
|
58.60
|
1.80
|
0.04
|
1.12
|
1.16
|
2.64
|
Vena's exploration and development programs are being supervised by David Bent P.Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101.
For further information on Vena Resources, please visit the Company website at www.venaresources.com or contact: Juan Vegarra - Chairman & CEO - (416) 364-7739, ext. 120 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Interested parties are also invited to visit the Vena Resources IR Hub at http://www.agoracom.com/ir/venaresources where questions can be posted and responses given the same day, or a review of questions and answers posted by others is available. Alternatively, investors can e-mail questions and correspondence to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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.
Shares Outstanding: 79,700,324
Fully-Diluted: 88,406,575
The TSX does not accept the responsibility for the adequacy or accuracy of this release.
Contacts:
Vena Resources Inc.Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.venaresources.com