Vena Resources Intersects High-Grade Zinc plus Gold Zone in Azulcocha
Tuesday June 5, 2:48 pm ET
http://biz.yahoo.com/ccn/070605/200706050395209001.html?.v=1
TORONTO, ONTARIO--(CCNMatthews - June 5, 2007) - Vena Resources Inc. (TSX VENTURE:VEM - News; LIMA:VEM - News; FRANKFURT:V1R - News; OTCBB:VNARF - News) is pleased to announce underground confirmation drilling in the historical Azulcocha Zinc mine continues to show positive results in a series of holes between levels 0 and -40:
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Angle From To Inter- True % Zn Au gpt % Pb
L0 & L - 40 (mt) (mt) sect (mt) Thickness
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DDH - 0 - 1 -10 18.0 45.0 27.0 15.5 15.3 0.54
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including -10 18.0 33.0 15.0 8.6 16.4 0.38
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DDH - 0 - 2 -10 24.0 48.0 24.0 13.8 16.3
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including -10 38.0 48.0 10.0 5.7 30.3 2.5
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DDH - 0 - 3 -10 27.0 33.0 6.0 3.4 5.3
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DDH - 0 - 3A -20 38.0 48.0 10.0 4.2 5.6
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DDH - 0 - 4 -10 26.0 45.0 19.0 10.9 5.7
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DDH - 0 - 5B -15 24.0 48.0 24.0 12.0 4.5
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DDH - 0 - 5C -15 INCOMPLETE DATA CAN NOT CALCULATE AVERAGE OR INTERCEPT
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DDH - 0 - 6 -20 0.0 25.0 SUBECONOMIC VALUES INTERCEPTED
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DDH - 40 - 7 5 21.3 50.3 29.0 22.2 6.0
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DDH - 40 - 8 20 20.4 28.5 8.1 7.3 5.1
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DDH - 40 - 9 20 0.0 61.7 SUBECONOMIC VALUES INTERCEPTED
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DDH - 40 - 10 20 19.7 37.5 17.8 16.1 9.1
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including 20 20.5 23.7 3.3 2.9 27.5
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DDH - 40 - 11 3 20.4 64.2 43.8 32.5 6.7
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including 3 24.0 30.5 6.5 4.8 10.8
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DDH - 40 - 12 20 INCOMPLETE DATA CAN NOT CALCULATE AVERAGE OR INTERCEPT
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Azulcocha has been historically known as a Zinc mine; preliminary exploration work by Vena geologists into a new area of the property has encountered a gold zone of possible significance which is near surface and appears open in multiple directions. New surface drill locations will be added to test the extent of gold mineralization. Close to 1.1 gpt gold is known to exist in the million tons tailings structure (NI 43-101 compliant) and several drill holes report gold showings from 0.2 gpt to 3 gpt in multiple intersects.
Drill holes DDH - 0 - 01 through DDH - 40 - 12 tested for continuity of the historical ore body between the 0 and -40 levels of the mine, with good results. Results from DDH -40 -7, -40 - 10 and -40 - 11 were particularly encouraging with true vein widths of 22.2 m, 16.1 m and 32.5 m of potentially economic mineralization reported. In addition, a drill program testing for continuity of the historical ore body has from below level -40 has been initiated. The complete assay database will be posted on the company's web site at www.venaresources.com as soon as assays from all holes are received from the labs.
The drilling program is being supervised by William R. Henkle, Jr. P.Geo., Vena's Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags and shipped to SGS in Lima, Peru, an ISO certified assay laboratory. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.
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: 70,697,073
Fully-Diluted: 90,910,644
The TSX 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
(416) 581-0177 or 1-866-544-9622
Email: info@pro-edge.com
Source: Vena Resources Inc.
