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Tuesday, July 22, 2008

Vena starts second phase drill program at Azulcocha West

Vena starts second phase drill program at Azulcocha West

Vena Resources Inc., a Canadian mining company focused on the exploration and development of Peru’s mineral potential, has commenced the second drill program at Azulcocha West.

The company has designed 27 drill holes for a total of 8,000 metres of drilling, which includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a skarn deposit related to the intrusive Jesus Maria, as well as mantos and cuerpos in San Pablo, Fortuna, Lucia with significant polymetallic mineralization encountered during the first drill program.

Based on the recent completion of the first phase, the company has also determined the locations for the second program.

Vena has contracted two drilling companies to each complete 4,000 metres of core drilling utilizing Long Year rigs. Geodrill SAC will utilize two Long Year LF 70 rigs and Iguana Drilling SA will utilize Long Year 38 rigs. The Long Year 38 rigs are in place and ready to begin drilling this week.

Azulcocha West is a joint venture with Glencore to explore the western portion of Azulcocha over the next year. Azulcocha West is only six kilometres from Vena’s main project the Azulcocha Mine that is expected to go into full production later this year.

 

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