Vena Resources Increases Polymetallic Assets in Central Peru
TORONTO, ONTARIO -- (Marketwire) -- 01/17/11 -- Vena Resources Inc. ('Vena' or the 'Company') (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announces that after an extensive geological review it has staked an additional 11,100 hectares near the Azulcocha mine (see green areas shown in map below). Jorge Paredes, PhD, a consulting geologist for Vena in Peru, performed a regional review of the Cochas/Gran Bretana fault and surrounding areas. These new areas are 100% controlled by Vena and will be advanced geologically to define future drill targets.
To view a map of Vena's New Polymetallic Claims, please go to the following link: http://media3.marketwire.com/docs/vem117.jpg
Juan Vegarra, Chairman and CEO of Vena stated: 'Vena's core exploration group continues to build the pipeline of assets. Not only are we exploring jointly with some of the largest mining companies in the world, but we are very focused in sourcing early stage opportunities that can be advanced quickly and that have an optimal risk/reward profile. The Azulcocha mine is well on its way to becoming a producing asset and adding base metals assets nearby will assist Vena with potential increases in mill capacity.'
This information in 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.
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, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields and Trafigura, Vena will advance its significant portfolio of almost 90,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.
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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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
jvegarra@venaresources.com
www.venaresources.com