TORONTO, ONTARIO--(CCNMatthews - April 18, 2007) - Vena Resources Inc. (TSX VENTURE:VEM - News; OTCBB:VNARF - News; LIMA:VEM - News; FRANKFURT:V1R - News) announces that the first results of an extensive geophysical program conducted by ARCE Geophysics in the Azulcocha West project (6 kilometers west of the historical Azulcocha Zinc mine) including 12.4 square kilometers of magnetometry and induced polarization have returned positive results. Two large targets (first degree anomalies) have been identified as shown on the following page. http://www.ccnmatthews.com/docs/venaimage.pdf
The first target along the Cochas - Gran Bretana fault line is approximately 3,500 meters by 500 meters in size where the Waie, Triunfo and Cantagallo areas are located and is open to the south. The prospects Waie and Triunfo were previously drill tested by the Japanese operators two decades ago and significant polymetallic intersects were found as previously reported. The second target to the north-west is approximately 2,000 meters by 900 meters in size in the Jesus Maria and San Pablo prospects. These two prospects have never been drill tested.
An extensive Induced Polarization program to be conducted this April/May will be focused on these two large targets leading to a 40 hole - 8,000 meter drill campaign scheduled to commence in June of this year, as well as 500 meters in underground workings.
These encouraging results are part of the Joint exploration agreement Vena signed last year with Glencore of Switzerland who is funding the work plan for the next two years.
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.
The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.
Contact:
Juan Vegarra Vena Resources Inc. Chairman & CEO (416) 364-7739, ext. 120 Email: jvegarra@venaresources.com Website: www.venaresources.com
Tracy Weslosky or Fred Cowans Pro-Edge Consultants Inc. Managing Partners 1-866-544-9622 or (416) 581-0177 Email: info@pro-edge.com
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