Vena Increases Its Holdings in Amantina/Esquilache Gold Region
TORONTO, ONTARIO -- (Marketwire) -- 05/13/10 -- Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that after field reviews conducted by its partner Gold Fields Limited ('Gold Fields') (NYSE: GFI)(JSE: GFI)(NASDAQ Dubai: GFI) in the Amantina region (18,900 hectares) in southern Peru, and additional reviews from Vena geologists, Vena with Gold Fields's permission has increased its holdings in the Amantina region by an additional 1,800 hectares to 24,500 hectares.
The explosive breccia target known as the Amantina prospect is located approximately nine kilometres east of the historic Esquilache silver mine where Vena is actively exploring and approximately 27 kilometres east of the Gold Fields / Buenaventura Chucapaca joint venture project, a major gold-copper-silver deposit in southern Peru that has a mineral resource estimate of 5.6 million gold equivalent ounces with mineralization potential beyond the extent of current drilling. This is becoming a new and exciting gold district in Peru and Vena controls a large land package totaling 24,500 hectares.
To view the figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/vem513fig1.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.
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, Glencore 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.
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.
Shares Outstanding: 88,429,910
Fully-Diluted: 104,103,944
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
Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com