Vena Confirms Uranium Rich Regional Systems in Macusani & Munani.TORONTO -- Vena Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:VEM VEM Versatile Exercise Mine (US Navy) VEM Volume Electronic Mail (Canada Post Corporation) VEM Virtual Electron Microscope VEM Value Engineering Manager VEM Value Estimation Model )(LIMA Lima, city, Peru Lima (lē`mə, Span. lē`mä), city (1990 metropolitan area est. pop. 6,400,000), W Peru, capital and largest city of Peru. Its port is Callao. :VEM) reports the first quantitative results from uranium exploration and sampling at the Company's extensive Peruvian uranium concessions. The project area comprises 15,500 hectares of land located in the Puno Department of Peru. The results for the 110 samples analyzed by Activation Laboratories in Hamilton, Ontario are included at the end of this press release, however the results of most interest are shown in the table below. Most of the samples were analyzed by the delayed neutron Delayed neutron A neutron emitted spontaneously from a nucleus as a consequence of excitation remaining from a preceding radioactive decay event. Analogously, delayed emission of protons and alpha particles is also observed, but the known delayed neutron count process. However, 22 samples shown here were analyzed by x-ray diffraction due to the radiation detection equipment at the nuclear reactor facility of McMaster University McMaster University, at Hamilton, Ont., Canada; nondenominational; founded 1887. It has faculties of humanities, science, social sciences, business, engineering, and health sciences, as well as a school of graduate studies and a divinity college. being erroneously set off due to the high radiation count. The fracture samples were taken from the narrow fractures as described below and are undiluted results.
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Fracture Samples Trench and other samples
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Sample name U3O8 Sample name U3O8
(%) (%)
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TL 20-2F 4.742 T5-7 1.238
TL20-1 1.901 RP-12 2.410
TL12-2F 1.221 T5-6.1 1.472
TL13-2F 12.762 RP-14 1.237
TL15-2F 3.959 T2-3 4.194
TL19-2F 10.766 T4-1 2.173
TL14-2F 5.334 T-7 2.749
TL8-2F 5.281 T4-7 2.132
TL11-2.F 5.407 TL3-1 2.720
TL16-2F 20.958 TL-1 3.480
-------------------- TL2-1 2.249
RP-8 3.967
DH-1A 0.302
BL-3 1.246
BL-5 8.362
UTS-2 0.010
UTS-4 0.123
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The Company has concentrated its efforts on the Macusani and Munani regions. In doing so, it has completed two confirmation sampling campaigns and is developing a more complete understanding of the geological nature of the uranium mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. occurrences. The uranium occurs in 6 different modes which have been mapped in the field as shown on the plan. These modes include: 1. Uranium Uncomformably Overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. Volcanics - Cappings of 50 centimeter centimeter (sĕn`tĭmē'tər), abbr. cm, unit of length equal to 0.01 meter, the basic unit of length in the metric system. The centimeter is the unit of length in the cgs system. It is approximately equal to 0. thick yellow uranium minerals have been found in contact with Mitu Group tufas of Upper Permian age. These encrustations occur over 10 meter lengths. It is possible that this capping occurs for the entire length of the formation contact zone. 2. Uranium in Disjunctive dis·junc·tive adj. 1. Serving to separate or divide. 2. Grammar Serving to establish a relationship of contrast or opposition. The conjunction but in the phrase poor but comfortable is disjunctive. Columnar Fractures: Three benches of the upper sequence of the Mitu Group indicate yellow uranium mineralization has been found in columnar fractures. 3. Uranium in Veins: Veins of autenite and torbernite tor·bern·ite n. A green radioactive mineral that is a hydrous crystalline phosphate of uranium and copper. [After Torbern Olof Bergman (1735-1784), Swedish chemist.] have been found in the Concharrumio trenches of the Lincoln XXIV concession. These hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. minerals and are mineralogically min·er·al·o·gy n. pl. min·er·al·o·gies 1. The study of minerals, including their distribution, identification, and properties. 2. A book or treatise on mineralogy. related to Pitchblende pitchblende (pĭch`blĕnd'), dark, lustrous, heavy mineral, a source of radium and uranium. Largely natural uranium oxide, UO2 and UO3, it usually contains some lead and variable amounts of thorium and rare-earth elements. . 4. Disseminated Uranium: Light green disseminated uranium minerals have been found disseminated in the tufa tufa: see travertine. benches. This mineralization is the oxidation product of the primary uranium minerals which were regionally distributed by the local Quenamari volcanics. 5. Bedded Uranium Deposits: Two, horizontal mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. beds up to 1.5 meters thick comprising pitchblende, autenite and torbernite have been found in the escarpment escarpment or scarp, long cliff, bluff, or steep slope, caused usually by geologic faulting (see fault) or by erosion of tilted rock layers. An example of a fault scarp is the north face of the San Jacinto Mts. in California. of the benches in the upper tufa sequence. 6. Uranium in Stockworks: Regional faulting has produced intersecting faults and fractures which trend in a northeast to southwest and northwest to southeast orientation. These fractures are filled with both primary and secondary uranium mineralization. There are also shear zones associated with the reactivation reactivation to become active after a period of quiescence or, as in bacterial and viral infections, latency. cross reactivation of regional faults and radiometric measurements indicate the presence of high grade uranium mineralization. Fracturing in the shear zone occurs in all directions and the host rocks are also mineralized. All the assay results are shown in the following table. Further information on Vena's uranium initiative is available on the Company's website at www.venaresources.com.
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Sample U3O8 Sample U3O8 Sample U3O8 Sample U3O8
% % % %
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RP-10 0.00 T-10 0.01 RP-2 0.00 SY-2 0.03
TL17-2F 0.01 T-12 0.04 T5-1 0.05 SY-2 0.03
TL14-1C 0.25 T4-2 0.11 T7-1 0.01 DH-1a 0.26
TL11-1CAJA 0.02 T4-4 0.04 T5-14 0.11 BL-5 6.50
TL8-1C 0.00 T-13 0.01 RP-5 0.00 TL 20-2F 4.74
TL16-1C 0.02 T4-11 0.46 T7-2 0.57 TL20-1 1.90
TL19-1C 0.01 T4-3 0.01 RP-1 0.01 TL12-2F 1.22
TL17-1C 0.05 T-11 0.01 T5-9 0.08 TL13-2F 12.76
TL10-1 0.02 T-5 0.00 RP-13 0.15 TL15-2F 3.96
TL10-2F 0.48 T-14 1.00 T5-13 0.10 TL19-2F 10.77
TL18-2F 0.49 T-6 0.18 T-1 0.00 TL14-2F 5.33
TL13-1C 0.05 T4-6 0.68 T-2 0.02 TL8-2F 5.28
TL15-1C 0.01 T-4 0.01 T-3 0.00 TL11-2.F 5.41
TL12-1C 0.15 T4-5 0.74 T-8 0.04 TL16-2F 20.96
TL18-1C 0.04 T2-2 0.43 T2-1 0.18 T5-7 1.24
T6-1 0.08 T4-10 0.17 T9 0.01 RP-12 2.41
T6-3 0.26 T4-9 0.24 PP 0.00 T5-6.1 1.47
T6-2 0.09 T4-8 0.21 P 0.01 RP-14 1.24
T5-10 0.15 PS-1 0.01 PWN2 0.00 T2-3 4.19
T5-11 0.11 PWN1 0.00 PW1 0.00 T4-1 2.17
T5-4 0.23 PES1 0.00 W0 0.00 T-7 2.75
T5-3 0.06 WS1 0.00 TL6-1 0.15 T4-7 2.13
RP-11 0.13 PS0 0.01 PN-1 0.00 TL3-1 2.72
T5-12 0.36 PS-2 0.00 PS1 0.00 TL-1 3.48
T5-5 0.31 TL-2 0.07 SW2 0.00 TL2-1 2.25
T5-6 0.11 P.E.1 0.00 PE-0 0.00 RP-8 3.97
RP-4 0.00 TL6-2 0.39 TL5-1 0.31 DH-1A 0.30
T5-8 0.89 TL7-1 0.50 RP-6 0.00 BL-3 1.25
RP-3 0.00 RP-7 0.32 Blank 0.00 BL-5 8.36
T5-2 0.02 PEN-1 0.01 SY-2 0.03 UTS-2 0.01
UTS-4 0.12
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Murray Lytle, P.Eng., the Qualified Person on this project, has reviewed this technical information on behalf of the Company. About Vena Resources Inc. Vena Resources is dedicated to building capital appreciation and creating long term shareholder value by developing the mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and social welfare of Peru. Vena Resources commitment will be demonstrated by deploying its financial resources to aggressively acquire and advance high quality people and assets throughout the country. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept the responsibility for the adequacy or accuracy of this release. 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. NOTE: A map is available on CCNMatthews' website at: http://www.ccnmatthews.com/docs/vem0928.doc Shares Outstanding: 42,612,894 Fully-Diluted: 52,641,584 Vena Resources Inc. (TSX VENTURE:VEM) |
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