CMH's re-sampling program found strong correlation to the data already reported by Vena, moreover the remapping of several outcropping veins found wider zones than previously reported. Some of these zones can be considered as potential ore-shoots that merit additional geological structural study.
Metallurgical tests were performed on two samples: the stockpile from the Katy vein and a drill core composite from several drill holes. The overall analysis concluded that the mineralogy is of easy liberation and good floatation with good distribution of gold in the bulk concentrate and excellent gold dissolution in the leaching test. A summary of the results are shown below:
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Flotation
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Head Grade Concentrate Bulk % Recovery
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Katy Core Katy Core Katy Core
Stockpile Composite Stockpile Composite Stockpile Composite
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Au g/t 3.85 3.61 13.25 15.98 90.90 91.30
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Ag g/t 11.50 5.98 42.12 23.87 87.42 86.70
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%Cu 2.99 0.89 11.34 3.64 87.24 89.32
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Leaching
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Head Grade Tailings % Extraction
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Katy Core Katy Core Katy Core
Stockpile Composite Stockpile Composite Stockpile Composite
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Au g/t 3.85 3.61 0.41 0.46 88.93 87.02
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Ag g/t 11.50 5.98 4.45 2.05 62.09 60.25
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To confirm the mineral potential, leading to a National Instrument 43-101 resource compliant report, CMH recommends an additional 2,200 meter drill program in ten drill holes. Mineralogical studies determined that chalcopyrite, bornite and sphalarite (hematite) are the most abundant minerals. In total, 34 core segments were re-sampled from 17 drill holes.
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MESH (g/t) CMH VENA
SAMPLE VENA ----------------------------------------------------
CMH Drill Hole From To Length Au +200 Au -200 Au g/t Au g/t
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76912 PK-DDH 004 - 07 69.85 70.75 0.90 0.09 1.04 1.13 1.55
76913 PK-DDH 004 - 07 70.75 71.75 1.00 0.25 6.94 7.19 6.40
76914 PK-DDH 004 - 07 71.75 72.55 0.80 0.06 0.76 0.82 1.03
76907 PK-DDH 005 - 07 121.60 122.10 0.50 0.01 0.12 0.13 1.64
76908 PK-DDH 005 - 07 190.80 191.65 0.85 0.05 0.93 0.98 0.50
75698 PK-DDH 006 - 07 29.05 29.75 0.70 0.01 1.03 1.04 2.15
75699 PK-DDH 006 - 07 87.60 88.90 1.30 0.05 1.27 1.32 1.67
75700 PK-DDH 006 - 07 207.10 208.90 1.80 0.13 1.64 1.77 1.87
76901 PK-DDH 006A - 07 208.90 210.75 1.85 0.06 2.92 2.98 2.07
76909 PK-DDH 006A - 07 170.10 171.50 1.40 0.23 0.96 1.19 0.78
76910 PK-DDH 006A - 07 176.70 177.90 1.20 0.16 0.46 0.62 0.89
76902 PK-DDH 007 - 07 69.00 69.75 0.75 0.22 7.04 7.26 2.82
76903 PK-DDH 007 - 07 86.30 87.30 1.00 0.45 4.27 4.72 6.21
76906 PK-DDH 008 - 07 29.00 30.20 1.20 0.02 0.65 0.67 0.74
76915 PK-DDH 009 - 07 45.80 46.50 0.70 0.14 1.90 2.04 2.44
76916 PK-DDH 009 - 07 56.80 58.10 1.30 0.04 1.02 1.06 0.93
76917 PK-DDH 010 - 07 150.10 152.05 1.95 0.05 1.40 1.45 1.24
76918 PK-DDH 010 - 07 165.50 166.70 1.20 0.08 1.87 1.95 0.93
76919 PK-DDH 010A - 07 64.60 66.10 1.50 0.04 5.18 5.22 5.63
75692 PK-DDH 011 - 07 27.10 29.20 2.10 0.74 0.99 1.73 1.36
75693 PK-DDH 011 - 07 102.70 104.60 1.90 0.27 3.23 3.50 3.04
75694 PK-DDH 011 - 07 115.15 119.15 4.00 0.92 3.64 4.56 3.04
76920 PK-DDH 012 - 07 53.80 54.80 1.00 0.16 1.85 2.01 1.07
76921 PK-DDH 012A - 07 50.50 52.50 2.00 0.10 0.56 0.66 2.78
76922 PK-DDH 012A - 07 52.50 54.10 1.60 0.39 2.76 3.15 4.81
76923 PK-DDH 012A - 07 54.10 56.10 2.00 0.08 1.30 1.38 1.39
76924 PK-DDH 012A - 07 57.20 58.55 1.35 0.11 1.56 1.67 1.67
76925 PK-DDH 015 - 07 117.60 117.90 0.30 0.08 0.90 0.98 2.14
76905 PK-DDH 015A - 07 165.40 167.00 1.60 0.08 0.28 0.36 0.47
75695 PK-DDH 017 - 07 71.40 72.00 0.60 0.08 0.32 0.40 1.24
75696 PK-DDH 017 - 07 123.60 124.60 1.00 14.41 14.37 28.78 1.51
75697 PK-DDH 017 - 07 173.60 174.30 0.70 3.29 0.71 4.00 13.23
76911 PK-DDH 018 - 07 179.25 179.55 0.30 0.15 0.58 0.73 1.02
76904 PK-DDH 019 - 07 56.80 58.60 1.80 0.04 1.12 1.16 2.64
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Vena's exploration and development programs are being supervised by David Bent P.Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101.
For further information on Vena Resources, please visit the Company website at www.venaresources.com or contact: Juan Vegarra - Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com. Interested parties are also invited to visit the Vena Resources IR Hub at http://agoracom.com/ratings/rate/Message... {asynchronous:true, evalScripts:true}); return false;">recom
