Vena Resources Inc.

Vena Resources Inc.

November 25, 2009 14:19 ET

Vena Announces Drill Program at Esquilache Gold/Silver/Copper Property, Puno-Peru

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2009) - Vena Resources Inc. (the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) is pleased to announce that a 3,000 meter drill program will commence on the Esquilache polymetallic property before the end of November. A contract has been signed with Canchi Perforaciones Peru S.A.C. to immediately mobilize a track-mounted drill to the property and complete 3,000 meters of diamond core drilling in 12 holes.

The historical Esquilache silver mine has been a centre for mining activities since pre-Inca times. Mineralization occurs in stockworks and rosary-type veins exposed on two hills named Cerro Creston and Cerro Mamacocha within a large Miocene caldera. Vena has concentrated on Cerro Mamacocha where mining activities have been relatively restricted compared to Cerro Creston where mine workings extend to a depth in excess of 450 meters. Individual drill holes have been planned to test multiple structures and are based on a compilation of extensive surface mapping and sampling, rehabilitation and sampling of underground workings and geophysical studies that have been conducted on the property over the past year.

Although Esquilache is known principally as a high-grade silver producer, mineralization is polymetallic with important values in lead, zinc, copper and gold. Recent studies have shown a rough zonation of the mineralization with copper and gold increasing in the area of the western flank of Cerro Mamacocha. The current drill program will concentrate on targets in this area including a gold stockwork zone in the structurally complex hanging wall of the Elvira structure.

Gold occurs in a complementary set of extensional veins and veinlets with the highest values at intersections of the larger veins as typified by the Aydee – Ivett intersection and within sigmoidal structures along the vein systems. The stockwork zone as outlined on the accompanying plan has a width in excess of 100 meters and an exposed length of approximately 160 meters in a northeast – southwest direction with potential extensions covered by overburden. Values on surface peak at 15.3 g/t Au and the maximum value in the associated underground workings is 38.48 g/t Au across 0.60 m in the Ivett structure as detailed in a press release issued by the Company on June 16, 2009.

Another priority target will be the high grade silver and copper mineralization in the Santa Cruz and Juan veins that are exposed in cross-cuts off of the Mamacocha adit. The veins are separated by approximately 50 meters and can be tested by a single hole.

Historical exploration of the Esquilache mineralization has been via adits and cross-cuts at relatively shallow depths that have been targeted on veins exposed on surface. There has never been any surface drilling to explore for stockwork zones associated with known veins or at depth where the major structures are projected to coalesce. Mineralization at Esquilache is mesothermal in origin which signifies that the depth potential for economic mineralization is much greater than in the typical epithermal polymetallic vein systems.

To view the Esquilache Drill Program map, please visit the following link:

This press release has been reviewed and approved by David Bent, P. Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101. Vena's exploration and development programs are being supervised by Mr. Bent. All core samples will be prepared and analyzed by CIMM Peru, an ISO certified laboratory in Lima, Peru. The program is designed to include a comprehensive analytical quality control routine comprising the systematic use of standards, blanks and field duplicate samples. A secondary laboratory will be 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: 88,098,949

Fully-Diluted: 103,428,387

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contact Information