Mena Resources Inc.

Mena Resources Inc.

November 09, 2005 12:00 ET

Mena Targets Prospective Ground in Two Districts in Northern Chile

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - Mena Resources Inc. (TSX VENTURE:MEA) is pleased to announce the acquisition of the Gaviota and Culimo properties in the Baquedano and Caimanes districts of northern Chile, respectively. The Gaviota property is located approximately 70km east-northeast of Antofagasta City in the northern Paleocene belt, while the Culimo property is located in the coastal range of the Coquimbo region, approximately 240km north of Santiago and 25km east of the port of Los Vilos.

The 1000 ha Gaviota property has been optioned from a third party under very favorable terms (US$50,000 and a 2% NSR). The project area corresponds to a 1.5 km wide swarm of low-sulfidation banded quartz veins, veinlets and hydrothermal breccias that outcrop over an area of 3-4 sq km. Work to date has identified a core area of breccia veins and stockworks which crop out for over 800m by 10-60m wide, with an additional 1000m of strike length under cover. The veins are widespread (over 120 in the area), and the ore mineralogy is low sulfidation epithermal native gold, silver oxides and copper oxides. Previous trenching has returned 42m of 6.75 g/t Au and 19 g/t Ag, 21m of 5 g/t Au and 37 g/t Ag, 21m of 4.15 g/t Au and 14 g/t Ag and 19.5m of 4.03 g/t Au and 13 g/t Ag. A small number of shallow holes (less than 100m depth), were drilled in the late eighties with reported intercepts of 2.67 g/t Au and 28 g/t Ag over 5.22m, 2.44 g/t Au and 30 g/t Ag over 3m and 4.38 g/t Au and 37 g/t Ag over 1.7m at very shallow depths. The Company will initiate a drill program in Q1 of 2006.

The 600 ha Culimo property was staked by the Company within an 8km long skarn belt. Precious metal and copper mineralization at Culimo is hosted in banded garnet-bearing skarns and marbles within fault zones. The most favorable target has a strike length of 2km by 15-40m wide and returned grades up to 9g/t Au and 1% Cu in 1 meter channel and gravel samples and artisanal miners have worked to depths of 80m, where sampling has returned grades of 2-3g/t Au and 2-3% Cu. One hole drilled by the UN exploration program in 1965, encountered a near surface 20m intersection of 1.2% Cu that was not analyzed for gold. The Culimo project is the subject of ongoing field work with a drill program planned for Q1, 2006.

Mena is a junior mining company focusing on gold and base metal exploration in Latin America. The Company currently has projects in Chile, Venezuela and Honduras and is listed on the TSX Venture Exchange under the symbol MEA. Qualified Person: Gregory F. Smith, P.Geo. is the Qualified Person as defined by National Instrument 43-101 responsible for the geological data reported in this news release.


Mario Szotlender, President

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

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