Vena Finds Additional High-Grade Uranium in Macusani, Peru.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 third quantitative results from uranium exploration and sampling at the Company's extensive uranium concessions. The project area comprises 15,500 hectares of 100% controlled land in Puno, Peru. Previous campaigns also found significant 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. as reported in a Vena press release on September 28, 2005. These near surface exploration targets are disseminated in nature occurring in highly porous volcanic rock formations. Given the encouraging results of the geochemical confirmation campaigns, Vena is preparing a drilling campaign to test these targets at depth and produce a 43-101 compliant resource estimate as soon as possible. The results of 50 composite samples along areas of tectonic tectonic /tec·ton·ic/ (tek-ton´ik) pertaining to construction. disturbance of autenite and torbenite from 7 trenches in Concharrumio (part of the Lincoln XXIV concession) are included. 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, 10 samples shown here were analyzed by x-ray diffraction due to the high grade nature of the rock analyzed. The exploration target in Concharrumio extends over an area of 600 by 300 meters, with uranium mineralization ranging from 0.01% to 23.0% U3O8 at surface. Concharrumio's trenches are between 13 and 271 meters long, between 1 and 1.8 meters wide, between 1.1 and 1.8 meters in height and the spacing between trenches ranges from 32 to 147 meters. --------------- --------------- --------------- ----------------- Element: U Element: U Element: U Element: U308 Method: DNC Method: DNC Method: DNC Method: FUS-XRF T1B 0.23% T5A 0.42% T6A 0.34% T1A 6.05% T2A 0.01% T5C 0.49% T6B 0.56% T2B 22.50% T3A 0.02% T5D 0.13% T6C 0.03% T3B 13.80% T3C 0.15% T5E 0.01% T6D 0.26% T4C 23.00% T4A 0.08% T5F 0.01% T6E 0.40% T4F 11.60% T4B 0.64% T5G 0.79% T6F 0.66% T5B 2.77% T4D 0.02% T5I 0.07% T7A 0.41% T5H 3.91% T4E 0.02% T5L 1.32% T7B 0.14% T5J 5.08% T4G 1.55% T5M 0.05% T5K 6.80% T4H 0.40% T5N 0.33% T5LL 10.40% T4I 1.34% T5N 1.12% T4K 1.80% T50 1.59% T4M 0.45% --------------- --------------- --------------- ----------------- The Company has concentrated its efforts on the Macusani and Munani regions where it has completed three confirmation sampling campaigns and is developing a more complete understanding of the geological nature of the uranium mineralization occurrences. Composite samples are placed in sealed bags and shipped to ActLabs in Lima, Peru, an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 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. 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. We seek Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. . 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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: 42,612,894 Fully-Diluted: 52,641,584 Vena Resources Inc. (TSX VENTURE:VEM) |
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