Vena Begins Second Phase 8,000 Metre Drill Program at Azulcocha Westadmin
Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a skarn deposit related to the intrusive Jesus Maria, as well as mantos and cuerpos in San Pablo, Fortuna, Lucia with significant polymetallic mineralization encountered during the first drill program.
Locations for the second program have been determined by Vena and Glencore geologists and were based on the recent completion of the first phase. Detailed geological mapping (shown on page two of this press release) has been completed based on the geochemical study which comprised in excess of 500 samples which returned significant values for zinc, silver, copper and lead. The second phase of the drilling program is scheduled for completion in October and results will be posted on the Company’s web site at www.venaresources.com.
Vena has contracted two drilling companies to each complete 4,000 metres of core drilling utilizing Long Year rigs. Geodrill SAC will utilize two Long Year LF 70 rigs and Iguana Drilling SA will utilize Long Year 38 rigs. The Long Year 38 rigs are in place and ready to begin drilling this week.
Azulcocha West is a joint venture with Glencore to explore the western portion of Azulcocha over the next year. Azulcocha West is only six kilometers from Vena’s main project the Azulcocha Mine that is expected to go into full production later this year.
The drilling program is supervised by Rod Ogilvie P.Geo., Vena’s Vice President of Engineering and Qualified Person as defined by NI 43-101. Core samples will be cut longitudinally with a diamond saw, with one half of the core placed in sealed bags and analyzed by SGS laboratories on-site, an ISO certified assay laboratory. The program includes a comprehensive assay quality control routine comprising the systematic use of standards, blanks and field duplicate samples. Secondary laboratories will be used for check assaying.
About Vena Resources
Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru’s mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Energy, Precious Metals and Base Metals. Vena’s zinc project, Azulcocha, with an initial NI 43-101 resource estimate of almost 200 million pounds is scheduled to commence production in fall 2008. Together with the Company’s strategic partners, Cameco and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.
For further information on Vena Resources, please visit the Company website at www.venaresources.com.
Contacts: Vena Resources Inc. Juan Vegarra Chairman & CEO (416) 364-7739, ext. 120 (416) 364-5400 (FAX) Email: email@example.com
Equicom Group Michael Joyner (416) 815-0700, ext. 275
Source: Vena Resources Inc.