Vena Intersects 5.65 Metres of 304 g/t Ag Including 2.0 Metres of 593 g/t Ag at Esquilache Polymetallic Property
TORONTO, Jan. 15, 2015 /CNW/ - Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) is pleased to provide further results on the current drill program at the Company's 100% owned Esquilache project, a silver-rich polymetallic property. To date, the Company has completed 619.4 metres of drilling and assays have been received for 11 of the 12 holes that have been drilled as shown in the tables below. Ongoing and future drill programs will lead to an updated National Instrument 43-101 later this year.
The 1,000 hectare Esquilache property covers the mineralized core of a five kilometre diameter volcanic caldera that has been mined for silver/lead since the early Colonial period. The exposed structures on the property are characterized as part of a system of polymetallic, low to intermediate sulfidation, epithermal to mesothermal veins containing silver-lead-zinc-copper and significant values of gold.
Sepulveda Vein – South Zone
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Ag (oz/t) | |||||
| SEVDDHS14-01 | 13.50 | 26.00 | 12.50 | 75.64 | 2.430 | |||||
| including | 13.50 | 15.50 | 2.00 | 132.00 | 4.240 | |||||
| including | 19.50 | 20.20 | 0.70 | 162.00 | 5.208 | |||||
| SEVDDHS14-02 | 15.65 | 28.00 | 12.35 | 86.71 | 2.790 | |||||
| including | 21.40 | 24.30 | 2.90 | 199.72 | 6.420 | |||||
| including | 21.40 | 23.40 | 2.00 | 232.00 | 7.459 | |||||
| SEVDDHS14-03 | 13.20 | 19.00 | 5.80 | 152.85 | 4.910 | |||||
| including | 13.20 | 15.20 | 2.00 | 210.40 | 6.760 | |||||
| including | 13.20 | 13.90 | 0.70 | 239.00 | 7.684 | |||||
| SEVDDHS14-04 | 17.60 | 26.30 | 8.70 | 144.55 | 4.650 | |||||
| including | 1.40 | 2.45 | 1.05 | 374.00 | 12.024 | |||||
| including | 17.60 | 24.00 | 6.40 | 158.34 | 5.090 | |||||
| including | 20.50 | 22.00 | 1.50 | 314.00 | 10.095 | |||||
| SEVDDHS14-05 | 0.00 | 13.10 | 13.10 | 166.55 | 5.350 | |||||
| including | 4.85 | 10.50 | 5.65 | 304.01 | 9.770 | |||||
| including | 6.10 | 8.10 | 2.00 | 593.00 | 19.065 | |||||
| SEVDDHS14-06 | 5.10 | 10.90 | 5.80 | 83.17 | 2.670 | |||||
| including | 7.25 | 9.10 | 1.85 | 104.00 | 3.341 |
All intercepts reported are down-hole lengths, not true widths.
Creston Vein – North Zone
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Ag (oz/t) | Pb % | Zn % | ||||||||
| CRDDHS14-01 | 9.00 | 20.70 | 11.70 | - | - | - | 0.950 | ||||||||
| including | 17.00 | 19.00 | 2.00 | - | - | 1.180 | 3.100 | ||||||||
| including | 19.00 | 19.90 | 0.90 | 71.10 | 2.285 | - | - | ||||||||
| CRDDHS14-02 | 33.00 | 35.80 | 2.80 | 261.36 | 8.400 | - | - | ||||||||
| including | 34.50 | 35.80 | 1.30 | 502.00 | 16.140 | 1.660 | - | ||||||||
| CRDDHS14-03 | 10.00 | 28.00 | 18.00 | - | - | - | 0.700 | ||||||||
| including | 14.50 | 16.00 | 1.50 | - | - | - | 1.810 | ||||||||
| including | 20.00 | 22.00 | 2.00 | - | - | 1.040 | - | ||||||||
| CRDDHS14-04 | 9.00 | 42.00 | 33.00 | - | - | - | 0.640 | ||||||||
| including | 19.40 | 20.65 | 1.25 | 174.00 | 5.594 | - | 1.170 | ||||||||
| including | 24.50 | 24.90 | 0.40 | 40.70 | 1.308 | 4.300 | 4.220 | ||||||||
| including | 37.00 | 40.30 | 3.30 | - | - | - | 1.300 | ||||||||
| CRDDHS14-05 | 0.00 | 36.50 | 36.50 | - | - | - | 0.690 | ||||||||
| including | 19.00 | 20.70 | 1.70 | 66.13 | 2.130 | - | - | ||||||||
| including | 19.00 | 24.00 | 5.00 | - | - | - | 2.530 | ||||||||
| including | 20.70 | 22.20 | 1.50 | - | - | 1.350 | - | ||||||||
| including | 20.70 | 21.00 | 0.30 | - | - | 1.840 | 11.560 |
All intercepts reported are down-hole lengths, not true widths.
This press release has been reviewed and approved by David Bent, P. Geo., Vena's Technical Advisor and Qualified Person as defined by NI 43-101. Vena's exploration and development programs are being supervised by Mr. Bent. All core samples are being prepared and analyzed by Certimen S.A., 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.
The TSX does not accept the responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by Vena. Although Vena believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Vena can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in Vena's management discussion and analysis of the financial condition and results of operations for the year ended December 31, 2013 and the third quarter ended September 30, 2014 and its annual information form for the year ended December 31, 2013, which are available at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and Vena undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Vena Resources Inc.
Contact
on Vena Resources, please visit the Company website at www.venaresources.com, or contact: Juan Vegarra, Chairman and CEO at 416 364 7739, ext. 120 or jvegarra@venaresources.com or Martin Walter, President at 416 599 7363 or mwalter@venaresources.com.