1 / 6

Vena Resources Inc. - Mining Opportunities in Peru

Vena Resources Inc., a Canadian mining company, focuses on Peru's mineral potential with significant projects and a uranium initiative. Partnered with Glencore and Cameco for exploration and development.

randallo
Download Presentation

Vena Resources Inc. - Mining Opportunities in Peru

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru’s mineral potential The Company currently has four significant projects and a uranium initiative underway in Peru, covering approximately 80,000 hectares, and has access to many additional opportunities. Mining Division - JV Glencore TSX-V: VEM | Lima: VEM | Germany: V1R Precious Metals Division Strategic Business Units Base Metals Division Uranium Division Partnership with CAMECO

  2. Azulcocha Mine • The company has signed an agreement to explore with Glencore of Switzerland on the western portion of the Azulcocha project • While a modular mill is being permitted, Vena is selling ore from the underground workings of the Azulcocha zinc mine at market rates. • A 50 tpd pilot plant will be onsite as of May 2007 • Drilling program underway to confirm historical resource of 3.2 million tons of mineralization. • Production level to reach 500 tons per day by end of 2007. • 54,000 meter geophysics program underway in Azulcocha West area TSX-V: VEM | Lima: VEM | Germany: V1R Azulcocha Mine

  3. Azulcocha Regional Project Azulcocha Tailings • 43-101 filed in SEDAR • 1 million tons 3.2% Zinc Azulcocha Underground Mine • 3.2 million tons of ore • Head Grade was 19% Zn • 4 levels have been rehabilitated • 2,000 meters repaired • Confirmation Drilling Underway TSX-V: VEM | Lima: VEM | Germany: V1R Glencore Earn-In Option US$3.75mm • Waie • 9 Drill Holes • 300x4 trenching • 110 meters in drifts • 400,000 historical tons • 12 meters of 33% Zn • 4 meters of 10% Zn • El Triunfo • 4 Drill Holes • 450x10 meters in outcrops • 23% Zn, 2.3%Cu and 2.4% Pb Azulcocha Mine

  4. Precious Metals Huachon Project Inca Gold Project Las Princesas Project The favourable interpretation of geophysical and geochemical data suggests that Las Princesas hosts two zones of potencially high gold-bearing areas similar in structure to Barrick’s neighbouring Alto Chicama gold mine. In Central Peru, near the established mining district of "Cerro de Pasco". Huachon lies in the southern extension of the NW trending regional structure, which hosts the Poderosa, Marsa and Horizonte Mines. • 8 projects 22,500 Ha. • H.S. and L.S. zones. • Within structural corridor of Yanacocha, Alto Chicama and Pierina. Masma Compin Pallasca TSX-V: VEM | Lima: VEM | Germany: V1R Huaraz Huamachuco Huaranchal Carhuaz Santiago de Chuco Precious Metals

  5. Uranium • Vena signed a Letter of Intent with Cameco Corporation to establish a jointly-owned company to explore and develop Vena´s Uranium assets in Peru. • The new company will explore 3 regions where Vena has a presence equivalent to 47,500 hectares. • CAMECO has the option to invest $10 million over the next four years in two stage payments to obtain up to 50% of MINERGIA, a Vena subsidiary that controls the Uranium claims in Peru. • IPEN estimated a potential resource of 200,000 tons of Uranium mineralization with grades ranging from 0.2% to 12% U3O8. (not 43-101 compliant) • Historical IPEN data claims 30,000 tons of U3O8 in Macusani alone (not 43-101 complaint) TSX-V: VEM | Lima: VEM | Germany: V1R Uranium

  6. Drilling Campaign - Concharrumio - Macusani TSX-V: VEM | Lima: VEM | Germany: V1R Uranium

More Related