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Post on 30-Jan-2016
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Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru’s mineral potential
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The Company currently has four significant projects and a uranium initiative underway in Peru, covering approximately 80,000 hectares, and has access to many additional opportunities.
Precious Metals Division
Uranium DivisionPartnership with
CAMECO
Mining Division - JV Glencore
Base Metals Division
Strategic Business
Units
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Azulcocha Mine
Azulcocha Mine
The company has signed an agreement to explore with Glencore of Switzerland on the western portion of the Azulcocha project
While a modular mill is being permitted, Vena is selling ore from the underground workings of the Azulcocha zinc mine at market rates.
A 50 tpd pilot plant will be onsite as of May 2007
Drilling program underway to confirm historical resource of 3.2 million tons of mineralization.
Production level to reach 500 tons per day by end of 2007.
54,000 meter geophysics program underway in Azulcocha West area
Azulcocha Regional Project
Azulcocha Tailings
43-101 filed in SEDAR 1 million tons 3.2% Zinc
Azulcocha Underground Mine 3.2 million tons of ore
Head Grade was 19% Zn 4 levels have been
rehabilitated 2,000 meters repaired Confirmation Drilling
Underway
Glencore Earn-In Option US$3.75mm Waie
9 Drill Holes 300x4 trenching 110 meters in drifts 400,000 historical
tons 12 meters of 33%
Zn 4 meters of 10%
Zn El Triunfo
4 Drill Holes 450x10 meters in
outcrops 23% Zn, 2.3%Cu and
2.4% Pb
Azulcocha Mine
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Precious Metals
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Precious Metals
Las Princesas Project Huachon Project Inca Gold Project
The favourable interpretation of geophysical and geochemical data suggests that Las Princesas hosts two zones of potencially high gold-bearing areas similar in structure to Barrick’s neighbouring Alto Chicama gold mine.
In Central Peru, near the established mining district of "Cerro de Pasco". Huachon lies in the southern extension of the NW trending regional structure, which hosts the Poderosa, Marsa and Horizonte Mines.
8 projects 22,500 Ha. H.S. and L.S. zones. Within structural corridor
of Yanacocha, Alto Chicama and Pierina.
Carhuaz
Santiago de Chuco
Huamachuco
Huaranchal
Pallasca
Huaraz
Masma
Compin
Uranium
Uranium TS
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Vena signed a Letter of Intent with Cameco Corporation to establish a jointly-owned company to explore and develop Vena´s Uranium assets in Peru.
The new company will explore 3 regions where Vena has a presence equivalent to 47,500 hectares.
CAMECO has the option to invest $10 million over the next four years in two stage payments to obtain up to 50% of MINERGIA, a Vena subsidiary that controls the Uranium claims in Peru.
IPEN estimated a potential resource of 200,000 tons of Uranium mineralization with grades ranging from 0.2% to 12% U3O8. (not 43-101 compliant)
Historical IPEN data claims 30,000 tons of U3O8 in Macusani alone (not 43-101 complaint)
Uranium
Drilling Campaign - Concharrumio - Macusani
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