TORONTO, Jan. 7, 2013 /CNW/ - Vena Resources Inc. (the "Company" or
"Vena") (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces
positive results on the preliminary metallurgical testing of
outcropping veins and mine dumps as part of the recently initiated
program to evaluate near surface resources on its 100% owned Esquilache
project located in southern Peru. The metallurgical tests have been
conducted on composite representative samples from the Sepulveda and
Elvira veins as well as the principal dumps confirming that the
Esquilache project can produce commercially viable concentrates of
silver-lead (Ag-Pb) and zinc (Zn) and that the mineralization is
processable by standard metallurgical methods.
The head grade of the composite sample from the Sepulveda vein (8 to 10
metre width) ran 6.36 opt (ounces per tonne) Ag. The results from the
initial conventional flotation test were very positive with an Ag
recovery of 64% and a concentrate grade of 168 opt Ag. A subsequent
test that included cyanidation of the tailings increased the Ag
recovery by an additional 20%. From this initial work it is possible to
predict that the Sepulveda vein will have Ag recoveries in excess of
80%. Additional work is in progress to maximize the recovery.
A composite sample of the principal mine dumps was prepared and assayed
2.95 opt Ag, 0.24% Cu, 1.67% Pb and 3.47% Zn. The initial conventional
flotation test was very successful in producing commercial grade
concentrates. These included a bulk concentrate grading 58 opt Ag, 52%
Pb, 6.5% Cu and a zinc concentrate that graded 60%. Recoveries were 73%
Ag, 93% Pb, 88% Cu and 83% Zn. Current testing is focusing on
separating the bulk concentrate into individual Ag-Pb and Ag-Cu
The composite sample from the Elvira vein ran 4.79 opt Ag. The vein is
more oxidized at surface than the Sepulveda vein. The initial
conventional flotation test produced a concentrate grading 253 opt Ag
with a recovery of 43.3% Ag. Bottle cyanide leaching tests of this
material have resulted in recoveries of up to 49% Ag. Tests are
underway that will combine flotation followed by cyanidation of the
"The metallurgical work that is currently underway marks an important
step in advancing the Esquilache project. We are very pleased with the
results to date that indicate commercial concentrates can be produced
from Esquilache by conventional milling processes. Planned
metallurgical tests and subsequent fine tuning will be undertaken to
maximize predicted concentrate grades and recoveries", stated David
Bent, Vice President of Exploration of Vena Resources Inc. and General
Manager of the Company's operations in Peru.
The Esquilache metallurgical studies are being conducted by the
Universidad Nacional de Ingenieria under the direction of Ing. Edgar
Segura. The assays for the tests are being completed in the ISO 9001
Certified laboratory of Actlabs Skyline Peru in Lima. The final assays
from the vein and dump samples have been received and are being
plotted. These results will be released shortly along with any
additional information on the metallurgical test work.
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.
The TSX 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
Image with caption: "Sepulveda Vein - Composite Metallurgical Test T1 and T2 (CNW Group/Vena Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20130107_C4213_PHOTO_EN_22296.jpg
Image with caption: "Dump - Composite Flotation Test T1 and T2 (Bulk Ag-Pb Concentrate) (CNW Group/Vena Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20130107_C4213_PHOTO_EN_22297.jpg
SOURCE: Vena Resources Inc.
For further information:
For further information on Vena Resources, please visit the Company website at www.venaresources.com, its Facebook page or contact: Juan Vegarra - Chairman & CEO - (416) 364-7739, ext. 120 or firstname.lastname@example.org.