March 24, 2010
Toronto, Ontario – Vena Resources Inc. (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF) is pleased to announce the final results of the recently completed diamond drill program at the Esquilache project located in southeastern Peru. As reported in the Company’s press release of February 17, 2010, 13 diamond drill holes for a total of 2,550 meters tested multiple polymetallic targets at Cerro Mamacocha and a total of 973 samples were sent for assay. The table below includes significant intersections not previously reported and the recalculated values for three reported intersections using additional assays from the second phase of core splitting. All drill intercepts reported are down-hole lengths - not true widths.
A second phase of diamond drilling at Mamacocha is being prepared to follow up on the most important intersections from the preliminary drilling and also test two additional priority zones. The program will explore the more than 200 meter gap between the Au/ Ag intersections in holes ESH-09-04 and ESH-10-06, i.e. the covered area between the Aydee/ Ivett workings and the Juan/ Santa Cruz workings to the southwest. The other two targets are the gold bearing argillic/ sericitic altered zones centered on the complex Estibina structure to the north of Cerro Mamacocha and the Cerro Mercedes/ Silvia structural corridor to the south of Cerro Mamacocha.
Sampling and mapping of the Cerro Creston structures is in progress with the objective of identifying potential areas of bulk tonnage open-pitable mineralization as well as fine tuning a drill plan to test the high grade silver veins at depth.
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. All core samples will be prepared and analyzed by Inspectorate Services Peru SAC, an ISO certified laboratory in Lima, Peru. The program is designed to include a comprehensive analytical quality control routine comprising the systematic use of standards, blanks and field duplicate samples. A secondary laboratory will be used for check assaying.
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 .
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, plans, intentions, proposed transactions and financing plans, 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.