Vena Resources has announced the preliminary results of the third major drilling at the Macusani properties of Minergia., jointly owned by Vena and Cameco.
Vena completes approximately 4,000 meters of drilling, that includes 16 holes at the Isivilla prospect and 11 holes at the Tantamaco prospect. Two track mounted machines are being used and received assays for the first 14 holes.
The drilling at Tantamaco extends higher grade zone intersecting 1.4 lbs/t U3O8 over 300 meters to the west and 150 meters to the south, around hole TA-2010-79. Several preliminary holes were at a distance of 50 meter x 50 meter gaps to confirm the reliability of the 40 meter thick scattered zone within B horizon of Yapamayo rhyolite pyroclastic. At present, Vena plans to continue extending the zone to south with a series of holes spaced at 100 meter x 100 meter intervals.
Vena encounters low uranium values from the initial assay results of seven Isivilla holes that were drilled near IS-06 hole. Drilling on the northern tier of holes identified increased uranium mineralization towards the west. An additional hole is drilled 200 meters to the west of IS-027 based on holes IS-026 and IS-027. When this hole is completed then the drill will move to Tantamaco for resource expansion program.
The higher grade zone at Tantamaco continues to south and west and with the addition of second drill, there should be rapid expansion of resource base. The Isivilla drilling indicates higher grade uranium zone and the next drilling will be planned to fill in between holes IS-06 and IS-27.