Vena Resources (fka VEM)

[butfox]

"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..."