Vena's Partner Trafigura Invests US$7 Million to Move Azulcocha Zinc Mine to Production

Tuesday, February 07, 2012

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) - Vena Resources Inc. (TSX:VEM)(LMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that it has enhanced its agreement with Trafigura Beheer B.V. ("Trafigura"), a privately-held international commodity trader, to invest immediately in the Azulcocha project with the goal to increase the known resources/reserves and begin commercial mining and milling operations this quarter.

To advance the core agreement already in place, Trafigura will lend to Azulcocha Mining SA, a 70% controlled subsidiary of Vena, US$7 million at a rate of Libor + 4.25% and, in consideration for the loan, Vena has issued 4,016,913 warrants to Trafigura, with 2,272,727 of such warrants being exercisable into common shares at a price of US$0.30 per common share until May 6, 2013, and 1,744,186 of the warrants being exercisable into common shares at a price of US$0.35 per common share until November 6, 2013. The warrants that were previously held by Trafigura expired on February 6, 2012.

Juan Vegarra, Chairman and CEO of Vena commented: "Having a strong partner like Trafigura has made putting Azulcocha into production much more efficient and less risky to our shareholders. We expect to continue to enjoy a fruitful relationship with Trafigura as Azulcocha becomes fully operational later this month and expect to grow organically from now on."

In additional news, Matthew Husson, an associate lawyer with Irwin Lowy LLP that has significant experience representing publicly-listed mining companies has been appointed as Corporate Secretary. Matthew Husson replaces Charlotte May, one of the founding officers of Vena. The entire Company is thankful for all her years of service and wishes her the best in her future endeavors.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, or its Facebook page.


http://www.venaresources.com/en/investors/press-releases/2012/404-vena-s-partner-trafigura-invests-us$7-million-to-move-azulcocha-zinc-mine-to-production

http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

Important Milestones for the Azulcocha Zinc Mine
TORONTO, ONTARIO--(Marketwire - Jan. 19, 2012) -

http://www.venaresources.com/en/investors/press-releases/2012/401-vena-announces-important-milestones-for-the-azulcocha-zinc-mine


Toronto Stock Exchange

Jan 19, 2012, 3:55 PM EST

Last Price: $ 0.290
Change: +0.080 (+38.10%)
Volume: 876,361

NI 43-101 Report for Granja Gold on the Granja Nueva Property
TORONTO, ONTARIO

http://www.venaresources.com/en/investors/press-releases/2012/399-vena-files-ni-43-101-report-for-granja-gold-on-the-granja-nueva-property

"Zinc forecast looks promising for the midterm"

Vena Resources Files NI 43-101 Technical Report on Pukara Property
Montag, den 19. Dezember 2011 um 03:42 Uhr
TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) -

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US.

Editors Note: There is a photo associated with this press release.

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(Xetra®:V1R.DE), a company with strong partnerships with some of the world's largest mining companies, is pleased to announce that a technical report dated December 14, 2011 entitled "Exploration Report on the Pukara Property, Department of Puno, Peru" (the "Technical Report") has been filed on the SEDAR website at www.sedar.com. The Technical Report was prepared in compliance with National Instrument 43-101 ("NI 43-101") for Candelaria Silver Inc. ("Candelaria Silver"), a wholly owned subsidiary of the Company, by Steven L. Park, C.P.G., an independent consulting geologist.

The Technical Report was prepared with respect to certain mining concessions known as the "Pukara Property", located within the San Roman District of the Puno Department of Peru, approximately 800 kilometres southeast of Lima. The Pukara Property is 100% owned by Candelaria Inversiones Mineras S.A., a 99.99% owned subsidiary of Candelaria Silver. The Technical Report is based on the results of work performed on the Pukara Property by Vena since 2007 and is supplemented by additional diamond drilling and geophysical data from a previous operator that explored the Pukara property in 2005 and 2006. The database used for the Technical Report included detailed geological mapping, 734 surface samples from trenches and outcrop, 320 underground samples, 13 line kilometres of geophysics, 38 surface diamond drill holes totaling 6,328 metres and two preliminary metallurgical tests.

The Technical Report recommends a $1.3 million exploration program of diamond drilling and underground development along a mineralized (Au-Ag-Cu-Pb-Zn) structural corridor, as well as testing the potential for bulk tonnage Cu-Au in the porphyry target identified to the east of the mineralized corridor.

The 1,662 hectare Pukara property is located 800 kilometres southeast of Lima and covers the western sector of an apparent 10 kilometre diametre caldera in Tertiary volcanoclastic sandstones and andesitic volcanics. The infrastructure of the property is excellent with its location about two kilometres west of the Juliaca - Cuzco highway and an existing connection to the National Power Grid. Following are excerpts from the NI 43-101 report prepared by Qualified Person, Steven Park:

•"The exploration program completed to date has shown ample potential for the Pukara property. Results from drilling and underground sampling on veins in the Principal Structural Corridor point to the potential of developing significant mineral resources along these veins.


•The more conceptual exploration potential of the property, discovering a Cu-Au porphyry system at depth, is a realistic target that should be of equal priority with the proposed underground exploration program.


•The author recommends that the exploration program on the property continue on two fronts: surface drilling and driving a drift along the Principal Structural Corridor from Gladys to the Mina de Plata.


•The author concludes that the property has mineral economic potential justifying the continuation of exploration programs designed to test the models outlined in the report.


•The author is of the opinion that the overall approach is balanced with at least two sub-projects allowing for parallel progress towards more formal resource evaluation studies."


Planning is underway to implement the work program recommended in the Technical Report, consisting of five diamond drill holes totaling 1,600 metres to test the downward continuity of the Gladys, Lucero and Mina de Plata veins as well as a potential bulk tonnage Cu-Au target as shown in the attached map. The Company intends to complement this drilling by an underground drift that will allow for an appraisal of the various veins within the Principal Structural Corridor. The drift is planned to be approximately 700 metres long and designed to pass immediately below the 14.92 metres of 0.23 g/t Au, 18.66 g/t Ag and 8.3% Pb intersected in hole PK-018-07 at Lucero. A raise to surface is planned at this point to further delineate the Lucero mineralization and also provide ventilation and an escape way as the drift continues north to the Mina de Plata zone.

David Bent, Vice President of Exploration for Vena Resources Inc. stated, "The Technical Report will provide the impetus for a focused exploration program to evaluate the two primary targets on the Pukara Property. Success during this critical stage would lead toward resource definition and aggressive development of the property."

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.

http://www.venaresources.com/en/investors/press-releases/2011/395-vena-resources-files-ni-43-101-technical-report-on-pukara-property

Vena Receives Shareholder Approval to Spin-Out Candelaria Silver Inc.


TORONTO, ONTARIO--(Marketwire - Dec. 14, 2011) -

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US.

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(Xetra®:V1R.DE) announces that the Company has received near unanimous shareholder approval to spin-out over 85% of Candelaria Silver Inc. ("Candelaria"), Vena's wholly-owned subsidiary that holds Vena's interest in the Esquilache Project, Pukara Project, Lagunillas Project and Andamarca Project, to Vena's shareholders as a separate, publicly traded company and to consolidate the Company's common shares by changing each two of its common shares into one common share.

About Candelaria Silver Inc.

Under the spin-out, shareholders will receive shares of Candelaria and also retain their common shares of Vena. Following the completion of the spin-out:

•Shareholders will continue to own their shares of Vena, which will continue to retain its joint venture partnerships with Trafigura, Cameco, Gold Fields and Forrester; focus in the near term on becoming a growing polymetallic producer; exploit the significant exploration upside on the 22,000 hectares near the Azulcocha mine; and retain near term exposure to gold and silver through its precious metal portfolio in northern Peru;
•Shareholders will also own shares of Candelaria, which will own Vena's former interests in the Esquilache Project, Pukara Project, Lagunillas Project and Andamarca Project.
•Under the spin-out, the Company intends to distribute Candelaria common shares to shareholders as part of a reduction of the Company's stated capital of its shares.
Now that Vena has received shareholder approval, Candelaria intends to file a prospectus in certain Provinces of Canada in connection with a planned offering of Candelaria securities and qualifying the distribution of the Candelaria shares by the Company to shareholders. Candelaria also intends to apply to list its shares on the TSX Venture Exchange (the "TSXV") and the Lima Stock Exchange (BVL) venture segment. Candelaria has engaged M Partners in Toronto, VSA Capital in London and Kallpa SAB in Peru for the planned offering. Receipt of regulatory approval and finalization of the Candelaria spin out is anticipated to occur in the first quarter 2012.

For further information on Vena Resources, please visit the Company website at www.venaresources.com or its Facebook page.

Statements in this press release regarding the Company's business, plans, intentions, proposed transactions and financing plans, 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: 124,601,658
Fully-Diluted: 153,379,268

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Read more http://feeds.mwnewsroom.com/article/rss?id=1531634

New Homepage!

http://www.venaresources.com

INTERVIEW WITH CEO: Six short-term targets for Vena

Dominic Frisby welcomes Juan Vegarra, president and CEO, of Vena Resources (VEM.TO) back to the show. The company has six exciting targets over the coming months.

here is the interview:
http://commoditywatch.podbean.com/2011/12/01/six-short-term-targets-for-vena/

"We are very excited to report on Candelaria Silver process. Legal and technical work in Peru and Canada continues at full speed. Vote should happen on Dec 13th and we have signed agreements with M-Partners in Toronto, VSA Capital in London and Kallpa SAB in Lima to make sure there is significant support from its inception.

The same can be said of Granja Gold - so the key value creation areas of the company for 2012 are in full gear:

Azulcocha goes in production in Jan, Candelaria and Granja become public companies and 4 NI 43-101 reports in the works plus drilling in the highly encouraging Gianderi."

and... "I have been travelling within Peru after a very sucessful ExpoBolsa roadshow....."

date: 11/18/2011

All text from the facebook site: http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

Vena Proposes to Spin-Out Candelaria Silver Inc. 11/14/2011

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(Xetra(R):V1R.DE) announces that its Board of Directors has unanimously approved a proposal to spin-out over 85% of Candelaria Silver Inc. ("Candelaria"), Vena's wholly-owned subsidiary that holds Vena's interest in the Esquilache Project, Pukara Project, Lagunillas Project and Andamarca Project, to Vena's shareholders as a separate, publicly traded company.

Source: Vena Resources Inc.

MORE: http://www.venaresources.com/English/Investors/PressReleases/PressReleaseDetails/2011/Vena-Proposes-to-Spin-Out-Candelaria-Silver-Inc1127328/default.aspx

Fantastic News: Vena and Urban Select Capital Partners to Form Granja Gold Inc.

here is the link from the vena homepage:
http://www.venaresources.com/Theme/Vena/files/Vena%20Press%20Release%20-%20Oct31-11%20-%20Granja%20Gold_v001_e7n0g7.pdf

"Analyst continue to forecast a good year for zinc in 2012 and beyond. Just in time for Azulcocha's launch. 300 people are working hard 7/24 to pull it off."


http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

"These are the first two disseminated gold targets being tested across the almost 20,000 hectares making up the Amantina joint venture."

Vena and Gold Fields to Commence Drilling on Amantina Property in Peru - TORONTO, ONTARIO--(Marketwire - Oct. 26, 2011) -

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(Xetra(R):V1R.DE), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce that a wholly owned subsidiary of Gold Fields Limited ("Gold Fields"), acting in its capacity as operator of the Amantina Joint Venture, has applied for a drill permit to test two of the main targets identified to date on the 18,900 hectare property located in southeastern Peru. The Amantina property is contiguous to the San Antonio de Esquilache property on which Vena recently obtained and filed a National Instrument 43-101 ("NI 43-101") report that recommends a $2.2 million program of drilling and underground development. The Amantina property is located approximately 20 kilometres east of the Canahuire deposit (reported 7.6 Moz gold equivalent resource) where the Chucapaca joint venture partners, Gold Fields and Compania de Minas Buenaventura S.A.A., are currently progressing with a feasibility study.

To date, field studies have concentrated on eight areas that were selected from a review of the satellite imagery and the historical Vena data. In addition to detailed mapping, a total of 1,429 rock samples, 1,102 soil samples and 1,132 samples for Terraspec analysis (identification of alteration minerals) were taken during the program and 74.8 line kilometres of ground magnetometer surveying was completed. The most recent work has concentrated on the large alteration zone within the Chapi Chiara caldera and has resulted in the better definition of high sulfidation drill targets. The other area selected for drilling is the Virgin de Chapi prospect that covers the southern extension of the system of fault controlled low sulfidation quartz breccia vein structures being explored at Cerro Mamacocha within the San Antonio de Esquilache caldera.

The application for the Category I permit includes 20 drill platforms and 15 trenches and approval is anticipated before the end of October. Twelve of the platforms will be located at Chapi Chiara and eight will be positioned to test the two principal mineralized structures at Virgin de Chapi. Approximately 2,000 metres of drilling is planned and the program will commence as soon as the drill permit is approved and a suitable drill rig is available.

Chapi Chiara Zone

The Chapi Chiara alteration zone is located approximately 10 kilometres south of San Antonio de Esquilache within a partially eroded volcanic centre (caldera). The host rocks are predominantly rhyodacitic to andesitic pyroclastics that have been capped by andesitic flows and intruded by rhyolitic domes and andesitic stocks. Alteration varies from moderately argillic (kaolinite, montmorillonite and dickite) to strong silicification (silica-alunite). Extensive zones of silica capping indicate that the high sulfidation epithermal system is largely preserved.

There were 397 rock samples and 1,082 soil samples taken for geochemical assay. The higher gold values (maximum of 322 ppb Au) are associated with N70E silicified structures that are sub-parallel to tensional faults that may have served as conduits for the ascending mineralizing fluids. Elevated values in the associated pathfinder elements - arsenic (maximum of 1,740 ppm As), antimony (maximum of 2,460 ppm Sb), mercury (maximum of 100 ppm Hg) and bismuth (maximum of 201 ppm Bi) - are all very encouraging. In addition, there are elevated selenium and tellurium values directly associated with the gold bearing siliceous structures.

Virgin de Chapi Zone

The Virgin de Chapi alteration zone is located within Barroso pyroclastics and andesitic lavas on the southeastern rim of the San Antonio de Esquilache caldera. Abundant iron-manganese oxides are associated with two regional N20E faults that continue in to the centre of the caldera. Alteration envelopes on the order of 200 metres wide and 1 kilometre long have developed along the faults. The zones are characterized by moderate argillization in the form of kaolinite, montmorillonite and sericite accompanied by hydrothermal silica dominantly in the form of veinlets.

The geochemical sampling gave low values in gold but values of up to 177 ppm in silver. The major other anomalous elements were lead, copper and zinc which indicate that the Virgin de Chapi mineralization represents a low to intermediate sulfidation system.

Although the high sulfidation Chapi Chiara and low sulfidation Virgin de Chapi targets are quite geologically distinct, they are both representative of proven epithermal models in the district ranging from the presently producing Aruntani, Tucari and Arasi mines to the formerly producing San Antonio de Esquilache mine.

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.

To view the image associated with this release, please visit the following link: http://media3.marketwire.com/docs/Amantina.jpg.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, or its Facebook page.


http://www.venaresources.com/English/Investors/PressReleases/PressReleaseDetails/2011/Vena-and-Gold-Fields-to-Commence-Drilling-on-Amantina-Property-in-Peru1127053/default.aspx

"Zinc Bear Market Seen Ending as Chinese Steel Gobbles Up Glut: Commodities"

From Vena Resources @facebook: "The 28 percent plunge in zinc that drove the metal into a bear market may be ending as record demand from steelmakers erodes stockpiles and the price slump spurs producers to curb output..."

www.facebook.com/pages/Vena-Resources-Inc/160088440668878

the zincprice target is $2,450 :)

NEWS: Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(XETRA(R):V1R.DE), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce that it has completed the registration of its majority ownership of the Esquilache project in Peru. Vena has made cash payments totaling US$300,000 and completed US$1.5 million of work on the concession to earn a 60% interest. Vena plans to continue to advance the Esquilache project together with its joint venture partner Minera Silex Peru S.R.L., a subsidiary of Golden Minerals Company.

Vena is also pleased to announce that a National Instrument 43-101 ("NI 43-101") report has been completed on the Esquilache project by Coffey Mining Pty Ltd. and will be filed on SEDAR today. The report is based on the results of work performed on the Esquilache property by Vena since 2007 that included extensive geological mapping, 2,378 surface samples, 431 underground samples, 93 line kilometres of geophysics and 31 surface diamond drill holes totaling 5,710 metres.

Coffey's report recommends an aggressive $2.2 million exploration program of diamond drilling and underground development on three of the most prospective Ag-Au structures at Cerro Mamacocha, deeper drill testing of the bulk tonnage on the Mercedes Breccia/Porphyry target and continued development of drill targets on other prospective parts of the property including the historic mine at Cerro Creston.

The 1,000 hectare Esquilache property is located 850 kilometres southeast of Lima and is centred on a 30 square kilometre volcanic caldera that hosts the historical San Antonio de Esquilache silver mine. Following are excerpts from the Coffey report prepared by Qualified Person, Mr. Ian Dreyer:


-- "The mining concession is highly prospective for silver, for underground
mining, and gold for both underground mining and surface mining.
-- There are sufficiently large tracts of unsampled and widely sampled
areas that warrant further surface geological work.
-- The surface drilling and underground mapping and sampling completed to
date is sufficient in terms of quantity and quality to reliably and
confidently proceed with underground development, in the expectation
that some form of mineable silver and gold entity will be determined.
-- The underground sampling has shown that economic silver veins are ready
for mining close to portal entrances. Infill drilling is required to
ensure that a reliable resource estimate can be constructed.
-- There are encouraging base metal results at the Mercedes Breccia
location and that conceptual testing of this target is warranted.
-- The depth extension of the Mercedes Breccia into a Porphyry Copper
target should be tested.
-- It should be noted that there has been little surface drilling and no
underground work completed in the historical northern area of the mining
concession (historical high grade silver mine) and this large area is a
very worthy long term exploration target.
-- Coffey Mining is of the opinion that the overall approach is balanced
with multiple sub-projects allowing for parallel progress towards more
formal resource evaluation studies."

David Bent, Vice President of Exploration for Vena Resources Inc. stated, "This report benchmarks the Esquilache project and provides a framework to focus the next critical stage of exploration and development. We are very fortunate to have a head start on direct access to the mineralization on two of the principal vein structures at Cerro Mamacocha that we can exploit to measure lateral and vertical continuity of the high grade silver zones. Achieving Mr. Dreyer's stated goal for the short term program on the southern zone of an indicated 500,000 to 1,000,000 tons grading 3 to 6 ounces per tonne silver with significant additional gold and base metal credits will be a great step forward for the project. At the same time we have not lost sight of the larger potential targets on the property and will maintain the momentum of the multifaceted exploration approach that has been so successful to date."

Planning is underway for the next major exploration campaign at Esquilache. Although the main focus will be on following up the high grade gold/silver intercepts in the Ivet/Elvira and Veta Mamacocha structures there are other untested targets such as the copper-molybdenum porphyry showing northwest of Cerro Creston that will also be drilled. In addition to sectional drilling of the two breccia vein structures, underground work will be undertaken to gain access to high grade material for metallurgical testing and to determine continuity of mineralization.

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.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, or its Facebook page.

http://www.venaresources.com/English/Investors/PressReleases/PressReleaseDetails/2011/Vena-Registers-60-Ownership-and-Files-NI-43-101-Report-on-Esquilache-Polymetallic-Project-Peru1126852/default.aspx

Zinc Price Target: Info from Vena Res. Facebook Site

"From Oct 4, 2011 - Goldman Sachs Commodity Report: "Although we have lowered our 12-mo zinc price target to $2400/mt from $2700/mt as Goldman Sachs economists have reduced global economic growth forecasts, our downwardly revised zinc price forecast still suggests substantial upside from current depressed levels. We caution that sentiment regarding the economic outlook and the European sovereign de...bt problems is likely to remain poor in the near term, presenting further downside risk to prices as well as our forecasts. However, zinc prices are currently low enough to motivate reduced production in coming months. Medium-term, we continue to expect zinc to become more supply-constrained owing to growing demand from China as well as important mine closures that are set to take place in 2013-15. Thus, given the mainline expectation of still lackluster but substantially positive global economic growth,we continue to recommend long positions in zinc."

Source: http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

Fantastic News: Vena Significantly Upgrades Resources at Macusani Uranium Project
http://www.venaresources.com/English/Investors/PressReleases/PressReleaseDetails/2011/Vena-Significantly-Upgrades-Resources-at-Macusani-Uranium-Project1126584/default.aspx

New Info from Vena taken from the facebook site: "We used to have a typical pyramide slide showing project maturity but based on feedback from others we deleted it in the last version of the presentation. We are working on an updated website as well as new presentation. Both will be released when the Esquilache and Uranium NI 43-101s are out. Azulcocha will be in production by the end of this year. Uranium follows in terms of advanced exploration but we are still 12-18 months away from a development decision. Then we have Pukara and Esquilache with significant drilling completed but another 12 months of drilling are required to produced a significant resource. The rest of the portfolio is early stage"

http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

@facebook:

"We continue to upload pictures of Azulcocha's development. Mill components are begining to arrive - so far we are very close to meeting scheduled milestones"

http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

"Every day Azulococha gets closer to production! Three NI 43-101 in the works this quarter as well as aggressive exploration in Gianderi (gold prospect) that given initial data looks extremely promising..."

Vena Files Second Quarter 2011 Financials and Updates Operations

http://venaresources.com/English/Investors/PressReleases/PressReleaseDetails/2011/Vena-Files-Second-Quarter-2011-Financials-and-Updates-Operations1126329/default.aspx

info from facebook:
"thanks for the question. Gianderi is not a new project - it is part of Inka Gold,a set of assets we have controlled in northern Peru for many years. Amantina is being advanced with GoldFields funds and we are in the process of obtaining dr...ill permits for 20 platforms - of course that takes time and effort from a small team. 90% of Vena's headcount is focused on putting Azulcocha in production. There is a small team doing permitting and another small group supporting QPs for 3 upcoming NI 43-101 reports. The core exploration team is triaging our gold prospects to make sure we are not missing something significant. It represents 10% of the entire budget for the next 5 months so we feel very comfortable with the resource allocation based on senior management mandate to put Azulcocha in production as our main priority, and triage gold prospects asap. There are other corporate reasons for not advancing Puno projects right now - for instance: It would make sense to be drilling Esquilache now - but we can't until the option is legally exercised and registered in Peru. So we are simply optimizing resources while permitting and legal do their part..."

Azulcocha Production: Have a look at Vena Facebook Site (08/11/2011): "All equipment has been ordered, we are advancing with the tailings deposit. As of today assuming there are no unforeseen delays, the mill should be fully constructed by late Dec as promised. We will begin mining operations sometime in Oct...ober to have a decent stockpile for Q1 2012. We expect the mill to go thru a normal tunning process for a couple of weeks before "consistent" concentrate quaility will be produced in January."

All of my other "U" stocks are going down... but Vena is going up?

LOL!!!

Hello... Volume Please?

What are there... like five people that know about this company?

News... maybe this will start to get some volume going???



Vena Intersects High Grade Zinc & Manganese Mineralization at Azulcocha MineFont size: A | A | A8:52 AM ET 12/15/10 | Marketwire
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, is pleased to announce 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. Highlights from the first four holes are shown in the table below - all drill intercepts reported are down-hole lengths, not true widths. The results from the remaining three holes are anticipated the first week of January.

View data
RESULTS OF 2010 AZULCOCHA DEPOSIT DRILL PROGRAM
----------------------------------------------------------------------------
Hole Number From To Length Au Mn Zn
----------------------------------------------------------------------------
(metres) (metres) (metres) (g/t) (%) (%)
----------------------------------------------------------------------------
AZMDDHM10001 13.30 30.90 17.60 0.62 22.77 9.06
----------------------------------------------------------------------------
Including 17.90 20.25 2.35 1.01 10.74 25.44
----------------------------------------------------------------------------
Including 20.25 29.60 9.35 0.59 30.56 6.31
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AZMDDHM10002 10.20 18.15 7.95 0.12 4.41 8.69
----------------------------------------------------------------------------
Including 10.20 12.60 2.40 0.13 0.02 12.89
----------------------------------------------------------------------------
Including 14.80 16.65 1.85 0.04 0.04 13.87
----------------------------------------------------------------------------
AZMDDHM10002 24.94 34.15 9.21 0.28 12.96 9.88
----------------------------------------------------------------------------
Including 28.70 32.90 4.20 0.17 9.58 17.13
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AZMDDHM10003 12.15 24.85 12.70 0.64 17.77 9.55
----------------------------------------------------------------------------
Including 12.15 19.45 7.30 0.74 14.22 13.61
----------------------------------------------------------------------------
AZMDDHM10003 16.80 47.60 30.80 0.30 31.17 2.62
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AZMDDHM10004 8.20 18.15 9.95 1.12 10.36 8.95
----------------------------------------------------------------------------
Including 10.00 11.85 1.85 4.27 0.09 11.37
----------------------------------------------------------------------------
AZMDDHM10004 15.15 23.05 7.90 0.15 36.55 3.14
----------------------------------------------------------------------------


RESULTS OF 2010 AZULCOCHA DEPOSIT DRILL PROGRAM ---------------------------------------------------------------------------- Hole Number From To Length Au Mn Zn ---------------------------------------------------------------------------- (metres) (metres) (metres) (g/t) (%) (%) ---------------------------------------------------------------------------- AZMDDHM10001 13.30 30.90 17.60 0.62 22.77 9.06 ---------------------------------------------------------------------------- Including 17.90 20.25 2.35 1.01 10.74 25.44 ---------------------------------------------------------------------------- Including 20.25 29.60 9.35 0.59 30.56 6.31 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- AZMDDHM10002 10.20 18.15 7.95 0.12 4.41 8.69 ---------------------------------------------------------------------------- Including 10.20 12.60 2.40 0.13 0.02 12.89 ---------------------------------------------------------------------------- Including 14.80 16.65 1.85 0.04 0.04 13.87 ---------------------------------------------------------------------------- AZMDDHM10002 24.94 34.15 9.21 0.28 12.96 9.88 ---------------------------------------------------------------------------- Including 28.70 32.90 4.20 0.17 9.58 17.13 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- AZMDDHM10003 12.15 24.85 12.70 0.64 17.77 9.55 ---------------------------------------------------------------------------- Including 12.15 19.45 7.30 0.74 14.22 13.61 ---------------------------------------------------------------------------- AZMDDHM10003 16.80 47.60 30.80 0.30 31.17 2.62 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- AZMDDHM10004 8.20 18.15 9.95 1.12 10.36 8.95 ---------------------------------------------------------------------------- Including 10.00 11.85 1.85 4.27 0.09 11.37 ---------------------------------------------------------------------------- AZMDDHM10004 15.15 23.05 7.90 0.15 36.55 3.14 ----------------------------------------------------------------------------

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."

Quality Control

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.

For further information on Vena Resources, please visit the Company website at www.venaresources.com or its Facebook page.

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: 97,484,969

Fully-Diluted: 121,977,477

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
www.venaresources.com


SOURCE: Vena Resources Inc.

mailto:jvegarra@venaresources.com
http://www.venaresources.com

Vena pens deal with Erica Resources...

http://www.msnbc.msn.com/id/40636955

http://www.marketwire.com/press-release/Vena-Enters-Into-Letter-of-Intent-to-Develop-Las-Princesas-Au-Ag-Project-TSX-VEM-1367567.htm


GO VENA!!!

Bring it on... I have high hopes for this little company.

http://finance.yahoo.com/news/Vena-Files-NI-43101-Report-iw-608093166.html?x=0&.v=1

Their relationship with Cameco can only help them.

IN 4 the LONG--->

:)

"Vena Resources Inc Azulcocha Update: 4 holes had been drilled and more to come - we expect lab results from these holes by mid-Dec. Keeping our fingers crossed..."

http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

Anyone else bullish on uranium?

I'm in...

Here's some links to research if anyone is interested...

http://www.venaresources.com/

http://www.moneyweek.com/investment-advice/share-tips-high-risk-uranium-miner-04806.aspx

http://commoditywatch.podbean.com/2010/11/24/juan-vegarra-of-vena-resources/

http://media1.podbean.com/pb/473981efe39fa619ed02cb902df47d9c/4cf70fe2/blogs/2516/uploads/Juanvegarra.mp3

http://www.google.com/finance?q=vnarf

http://finance.yahoo.com/q?s=VNARF.PK

http://www.facebook.com/pages/Vena-Resources-Inc/160088440668878

Also... there seems to be two Vena boards here???

http://investorshub.advfn.com/boards/board.aspx?board_id=16510

It's an interesting company.

MoneyWeek: BUY VENA RESOURCES

http://www.moneyweek.com/investment-advice/share-tips-high-risk-uranium-miner-04806.aspx" rel="nofollow" target="_blank" >http://www.moneyweek.com/investment-advice/share-tips-high-risk-uranium-miner-04806.aspx

Vena Announces Underground Drill Program at Azulcocha Mine
Press Release Source: Vena Resources Inc. On Thursday November 11, 2010, 2:00 am

TORONTO, ONTARIO--(Marketwire - Nov. 11, 2010) - Vena Resources Inc. (TSX:VEM - News; LIMA:VEM - News; FRANKFURT:V1R - News; OTCBB:VNARF - News), is pleased to announce that an underground drill program will commence on the Azulcocha Mine with the intention to upgrade known resources and to increase the resources at depth and along the eastern flank of the ore body. A contract has been signed with Andacollo Servicios de Perforacion S.A. to mobilize a drill to the mine site for a total of 1,717 metres of diamond core drilling in 22 holes from eight underground stations. In preparation for the drill program, the Company has completed 200 metres of underground development work.

The main purpose of the current drill program is to:

-- complete an infill drilling program to refine the first year mine plan
at levels 00 and -40, with grades of zinc ore from 5% to 40%
-- increase the mineral resources at depth as well as to reconfirm drill
data of the old Gran Bretana mine that contained several intersects of
up to 14% of zinc
-- increase the mineral resources along the eastern zone where Vena
Resources drilled underground in 2007 and intersected two sections of
9.9 metres and 8.75 metres with zinc grades of 15% and 8% respectively

The current drill program will commence the week of November 15th and should be completed mid-January 2011.

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. All core samples will be prepared and analyzed by CIMM Peru, 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.

To view the "Azulocha Exploration Program 2010 Map", please visit the following link:

http://media3.marketwire.com/docs/azulocha_exploration2010.pdf

For further information on Vena Resources, please visit the Company website at www.venaresources.com

$1????

$1????

I was feeling lonely here. Nice to see this one move after so long. It can keep on truckin!

Indicated Resources Increased to 8.32 Million Pounds of U308 and Inferred Resources Increased to 14.21 Million Pounds of U308


TORONTO, ONTARIO--(Marketwire - Nov. 2, 2010) - 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, is pleased to announce that Henkle and Associates ("Henkle") has completed its first resource estimate for Minergia S.A.C., a uranium exploration company owned by Vena (75%) and Cameco Corporation (25%). Henkle's NI 43-101 compliant report will be published by the end of November.

This press release encompasses all of the properties in the Macusani region and includes the resource estimate for the Tantamaco property that was disclosed in the Company's press release of October 14th. The current resource numbers are based on 25,187 meters of diamond drilling in 158 drill holes performed over four years covering a small portion of the prospective target areas and indicates an overall resource estimate for the Macusani region of 8,316,818 pounds of indicated resources and 14,211,857 pounds of inferred resources at 0.18 pounds per ton cutoff and 7,618,216 pounds of indicated resources and 13,172,202 pounds of inferred resources at 0.36 pounds per ton cutoff as outlined in the table below:

INDICATED RESOURCES
Prospect 0.18 Lb/Ton (90.72 ppm) U3O8 CUTOFF
Tons Lbs U3O8 Lb/Ton U3O8 ppm U3O8 % U3O8
Tantamaco 15,018,504 7,598,193 0.506 253.1 0.025
Nuevo Corani 3,530,769 706,660 0.200 100.7 0.010
Isivilla 59,432 12,016 0.202 101.15 0.010
Tuturumani 0 0 0.00 0.000
Calvario Real 0 0 0.00 0.000
Totals 18,608,705 8,316,868 0.447 223.62 0.022

INDICATED RESOURCES
Prospect 0.36 Lb/Ton (181.44 ppm) U3O8 CUTOFF
Tons Lbs U3O8 Lb/Ton U3O8 ppm U3O8 % U3O8
Tantamaco 11,648,037 7,089,536 0.609 304.36 0.030
Nuevo Corani 1,524,868 528,681 0.347 173.27 0.017
Isivilla 0 0 0.00 0.000
Tuturumani 0 0 0.00 0.000
Calvario Real 0 0 0.00 0.000
Totals 13,172,905 7,618,216 0.578 289.39 0.029

INFERRED RESOURCES
Prospect 0.18 Lb/Ton (90.72 ppm) U3O8 CUTOFF
Tons Lbs U3O8 Lb/Ton U3O8 ppm U3O8 % U3O8
Tantamaco 14,997,623 7,369,497 0.491 245.85 0.025
Nuevo Corani 8,088,525 3,437,884 0.425 212.73 0.021
Isivilla 4,672,106 1,474,393 0.316 157.85 0.016
Tuturumani 6,031,431 1,159,868 0.192 96.16 0.010
Calvario Real 1,413,372 770,215 0.545 272.61 0.027
Totals 35,203,067 14,211,857 0.404 201.85 0.020

INFERRED RESOURCES
Prospect 0.36 Lb/Ton (181.44 ppm) U3O8 CUTOFF
Tons Lbs U3O8 Lb/Ton U3O8 ppm U3O8 % U3O8
Tantamaco 12,376,120 6,996,922 0.565 282.59 0.028
Nuevo Corani 5,011,462 3,099,041 0.618 309.35 0.031
Isivilla 3,699,196 1,426,146 0.386 192.78 0.019
Tuturumani 2,248,497 879,877 0.391 195.50 0.020
Calvario Real 1,413,372 770,215 0.545 272.61 0.027
Totals 24,748,647 13,172,202 0.532 266.56 0.027

Note: Based on Short Ton = 2,000LB

This report was prepared by William R. Henkle, Jr., P.Geo., Vena's Qualified Person as defined by NI 43-101.

Upcoming Drill Program

The 2011 drill plan is primarily targeted to increase the resources at Tantamaco by following the trend of higher grade, disseminated mineralization to the southwest of hole TA-079. The near surface mineralized intersections at Isivilla in holes IS-06 and IS-04 will be followed up by 10 widely spaced holes which could result in additional resources. Permitting is in progress and it is anticipated that the program will start in January 2011.

In addition, there were 48 holes totalling 6,200 meters drilled at Nuevo Corani/Amaritza during the 2006 through 2008 period with mixed results. The mineralization was dominantly fracture - filling within the upper A horizon which is eroded off on both sides of the northeast – southwest trending ridge. Although the size and grade potential may be limited, a reportable resource could be drilled off fairly quickly.

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 has four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco Corporation, Gold Fields Limited and Trafigura Beheer B.V., Vena will advance its significant portfolio of almost 80,000 hectares this year. Through its board of directors and advisors, Vena 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: 95,529,965

Fully-Diluted: 120,027,477

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

For more information, please contact

Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
or
Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

The volume seems to be picking back up!

Zero Resistance!

Sure is looking good today

Did you manage to buy back in? Some of these mining companys do squat for ages and then next thing you know you have a 1000% gain. Quest Uranium for example.

It should take off big by September, anyone reading the older news can figure this has a good chance to happen. I need to buy back in soon.

Still patiently waiting....

wait for the explosion...it's coming...look at trr.v...that is what will happen here..

slow moving right now. i have no doubt that the future is going to be bright.

Vena Intersects 2,970 g/t Silver at Esquilache VEM / VNARF

Long consolidation here, but great investment that will pay out nice in the near future.

Rothschild Banking Dynasty joins VENA (VEM / VNARF)
Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM - News; LIMA:VEM - News; FRANKFURT:V1R - News) is pleased to announce the appointment of Charles Gregoire de Rothschild to the Company's Advisory Committee. Mr. de Rothschild will personally advise Mr. Juan Vegarra, Vena's Chairman and CEO, on matters pertaining to the financial markets as the Company seeks to expand its Peruvian operations. Mr. de Rothschild will also support Vena's search for additional capital, lending his International financial expertise to Vena's current efforts.

If I can free up my funds, good time to buy some cheapies I see. All the markets seem down today

should be back higher on afternoon volume, seems like a pattern at this level

getting some nibbles now

Good buying opportunity this morning on some .29s

Good time fo a PR now with all this consolidation at .30 -.32