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, has announced significant results from the ongoing 2010-2011 diamond drill program at the Azulcocha polymetallic mine.
To date, seven in-fill drill holes have been completed between Levels 00 and -40. Drilling has just commenced on a nine hole resource expansion program below the -40 Level. The in-fill program is adding valuable information to the estimation of resources. The results from the remaining three holes are anticipated the first week of January.
Juan Vegarra, Chairman and CEO of Vena Resources, stated "It is gratifying to see significant results on the Zinc side as predicted but the intersection of 31 meters of 31% manganese in AZMDDH10003 confirms the extension to depth of the thick, high grade manganese oxide zone identified in the upper levels of the mine in previous drill campaigns. As a consequence, Vena will study the feasibility of adding a manganese circuit to the mill. If the study proves to be positive, the production of a saleable manganese product for the local steel industry would have a very positive impact on the economics of the mining operation."
Vena has implemented a quality control program to ensure best practices in litho geochemical sampling and analysis of rock chips, trench and drill core samples. Drill core samples are shipped in secure sealed bags via a private trucking company directly to the CIMM Laboratories facility in Lima. All samples for the current drill program are assayed by ICP-ES for 37 elements. If the results exceed 1% they are re-assayed by Atomic Absorption methods. The Company submits its own standards and blanks as a measure of the accuracy of the analysis. All pulps and coarse rejects are being recovered and stored.
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.
Source: Vena Resources Inc.