Vena Discovers 115 Metre Extension at Azulcocha Polymetallic Mine in Peru Including an 11.65 Metre Drill Intersect Containing 25.2% Zinc and 3% Lead
TORONTO, ONTARIO -- (Marketwire) -- 01/05/11 -- Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce the ongoing underground drill program at the Azulcocha mine has discovered an extension of the mineralized breccia from level -40 down to level -155. The mine was historically thought to diminish at level -40 but remain open along strike. The discovery of an additional 115 metres of the mineralized breccia structure (assays pending from completed holes 8 through 15) should increase the known resource base.
RESULTS OF 2010 AZULCOCHA MINE DRILL PROGRAM (i)
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Hole Number From To Length Gold Manganese Lead Zinc
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(metres) (metres) (metres) (g/t) (%) (%) (%)
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AZMDDHM10001 13.30 30.90 17.60 0.62 22.77 9.06
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Including 17.90 20.25 2.35 1.01 10.74 25.44
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Including 20.25 29.60 9.35 0.59 30.56 6.31
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AZMDDHM10002 10.20 18.15 7.95 0.12 4.41 8.69
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Including 10.20 12.60 2.40 0.13 0.02 12.89
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Including 14.80 16.65 1.85 0.04 0.04 13.87
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AZMDDHM10002 24.94 34.15 9.21 0.28 12.96 9.88
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Including 28.70 32.90 4.20 0.17 9.58 17.13
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AZMDDHM10003 12.15 24.85 12.70 0.64 17.77 9.55
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Including 12.15 19.45 7.30 0.74 14.22 13.61
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AZMDDHM10003 16.80 47.60 30.80 0.30 31.17 2.62
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AZMDDHM10004 8.20 18.15 9.95 1.12 10.36 8.95
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Including 10.00 11.85 1.85 4.27 0.09 11.37
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AZMDDHM10004 15.15 23.05 7.90 0.15 36.55 3.14
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AZMDDHM10005 15.70 27.35 11.65 0.29 3.91 2.92 25.20
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Including 18.40 24.75 6.35 0.09 0.45 5.15 36.86
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AZMDDHM10005 25.60 29.45 3.85 0.25 25.90 0.04 4.54
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AZMDDHM10006 11.90 19.40 7.50 0.50 14.97 0.52 6.86
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Including 13.00 15.40 2.40 0.37 0.02 1.05 10.77
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AZMDDHM10006 15.40 30.50 15.10 0.29 23.08 0.07 2.00
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Including 16.30 24.10 7.80 0.26 33.86 0.07 2.79
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AZMDDHM10007 13.20 14.05 0.85 0.00 0.01 0.63 6.11
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(i) All drill intercepts reported are down-hole lengths, not true widths
Juan Vegarra, Chairman and CEO of Vena Resources, stated: 'There is no doubt Azulcocha will continue to provide great surprises - we are keen to begin mill construction when government permits are received around March/April. All 20 holes from the ongoing underground drill program are expected to be completed by the end of January. Given this discovery, we will consider preparing the engineering documents required to increase mill throughput capacity.'
To view the 'Azulcocha Underground Drill Program - 2010' figure, please visit the following link:
http://media3.marketwire.com/docs/vena_up2010.pdf
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.
For further information on Vena Resources, please visit the Company website at www.venaresources.com or its Facebook page.
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.
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Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
www.venaresources.com