High-Grade Coarse Gold Discovered At Pucara

TORONTO, ON - Vena Resources Inc. reported the expansion of the underground and surface development program at the Pucara gold, copper and silver property located 80 kilometres north of Juliaca in the Puno District of southeastern Peru.
Pucara is 100% owned by Vena where extensive core drilling has indicated a very favourable poly-metallic resource. The current development license allows for 1,800 metres of drifting on the known structures.
The gold at Pucara is coarse (significant visible gold) and requires special analytical methods. A differential screening analysis was not performed and a standard gold assay analysis resulted in lower than expected grades during the 4,400 metre drill program that was recently completed. Based on such inconsistencies with bulk samples previously reported, a differential screening analysis on 80 samples (metallics, coarseness/assays and weight percentages) wassystematically taken at the Katy Vein and the Gladys Stockwork, and on average much higher gold grades were found - in some cases up to five to seven times more than previously reported by drill program. This new analysis is more consistent with observed expectations for gold values and has resulted in a new plan for developing the copper and gold property.
Both CIMM and SGS Labs (ISO 9000 labs in Lima Peru) were utilized to ensure similar grades. High grade coarse gold values are often difficult to reproduce, however the values obtained from both CIMM and SGS show grades similar in value. Results also confirmed that the former assay method was not adequate and significantly underestimated the amount of gold present at Pucara.
"The Company's ongoing plan is to drift underground on the Katy Vein, systematically sampling every two meters to the lateral extents of the vein. After the Katy Vein is completed, Vena geologists will proceed to the Lucero Vein and perform the same systematic sampling with the goal of completing an NI 43-101 compliant report in early 2009", stated Juan Vegarra, Chairman and CEO of Vena.
The company's address is 2700, 130 Adelaide Street West, Toronto, ON M5H 3P5, 416-364-7739, fax: 416-364-5400, email: [email protected].