Last C$0.08 CAD
Change Today +0.005 / 7.14%
Volume 184.9K
VEM On Other Exchanges
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As of 3:01 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

vena resources inc (VEM) Snapshot

Open
C$0.07
Previous Close
C$0.07
Day High
C$0.08
Day Low
C$0.07
52 Week High
08/30/13 - C$0.12
52 Week Low
06/24/14 - C$0.04
Market Cap
5.2M
Average Volume 10 Days
61.0K
EPS TTM
--
Shares Outstanding
68.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VENA RESOURCES INC (VEM)

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vena resources inc (VEM) Details

Vena Resources Inc. is engaged in the exploration, development, and production of mineral properties in Peru. The company explores for uranium, silver, lead, zinc, copper, manganese, and gold. Its principal properties include the Esquilache project, which covers an area of approximately 25,000 hectares located in Puno; the Pukara project that covers an area of approximately 1,662 hectares situated in Puno Department; and the JR-24 project, which covers an area of 1,400 hectares located in the northern sector of the Cordillera Negra mountain range. The company is headquartered in Toronto, Canada.

vena resources inc (VEM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: --
Vice President of Exploration
Total Annual Compensation: C$135.0K
Compensation as of Fiscal Year 2013.

vena resources inc (VEM) Key Developments

Vena Announces Executive Changes

Vena Resources Inc. announced that Silvia Dedios, the Company's General Manager of Peru Operations has been appointed interim CFO subsequent to the resignation of Andres Tinajero who held the position since January 2008. Mr. Tinajero resigned due to other business commitments. Mrs. Dedios has over 20 years of finance, administration and business experience relating to mining production and commerce industries. She holds an MBA and advanced degrees in finance. Mrs. Dedios will remain as interim CFO until the Company appoints a permanent replacement.

Vena Resources Inc. Provides Update on Azulcocha West Polymetallic Project

Vena Resources Inc. announced that after four years of an arbitration process in Peru the company will be able to restart exploration activities of the promising Azulcocha West polymetallic property located only 6 kilometres west of the existing Azulcocha mine and milling operation. The Azulcocha West claims are strategically important to the long term economics of Vena given its close proximity to the Azulcocha Mine processing facilities owned by Azulcochamining S.A. Azulcocha West Property - The 2,583.2 hectare Azulcocha West project is located immediately west of the Azulcocha mine/mill concessions. The property was staked by Vena in 2006 to cover 30 known polymetallic showings including skarn, manto and vein deposits in the area. In 2006, Vena signed a letter agreement with Empresa Minera Los Quenuales S.A. The program consisted of detailed mapping, geophysics, trenching, rock sampling and diamond drilling. Both the Jurassic limestones of the hanging wall and the Cretaceous sandstones of the footwall of the Conchas - Gran Bretana Fault have been intruded by Neogene Granodioritic calc-alkaline laccoliths. The largest of these is the granodioritic Chuquipite intrusive that is approximately 4 kilometres in diameter and is in contact with the Condorsinga limestone. The smaller San Pablo Intrusive, classified as dacite porphyry, is approximately 700 metres x 200 metres in size and intrudes the northern limb of the limestone. The two intrusive bodies are approximately 1.5 kilometres from each other. The juxtaposition of the two metal rich intrusions with reactive limestone wall rocks in the presence of the western extension of the Conchas - Gran Bretana Fault (a major regional ore host) has been responsible for the proliferation of mineralization. Drilling indicates that the two most important structures are the 2.5 kilometre long northern contact of the Chuquipite intrusive (Maria Fe and Valeria skarn/replacement showings) and the approximately 500 metre long Recuperada vein. There is a marked contrast between the mineralogy of the two structures: the Maria Fe is zinc rich metasomatic with abundant skarn minerals in the gangue whereas the Recuperada is silver rich with a silica gangue that appears to be epithermal. There is also a contrast in depth of oxidation with the Recuperada sulfides having been much less affected by supergene processes. Due to the differences in strike and dip of the two structures there is a convergence of the two mineralized systems near the eastern end of the Maria Fe showing. The best drill intersection at Maria Fe is 23.9 metres of 11.46% zinc in the transition zone (mixed oxide/sulphide) at a vertical depth of about 140 metres. The trenching/drilling at the Recuperada structure indicates that there are two approximately 140 metre long zones of mineralized vein: the northeast zone - width 0.48 metres at 279.8 g/t Ag, 1.2% Pb, 0.79% Zn; and the southwest zone - width 1.40 metres at 73 g/t Ag, o.51% Pb, 0.76% Zn. A total of 3,800 metres of drilling were completed, over 100 trenches were excavated and 1,100 channel samples were taken. Given the magnitude and grades along the contact zone and based on all the previous geological work performed, a multimillion ton resource can be visualized.

TSX Reviews The Common Shares Of Vena Resources Inc. With Respect To Meeting The Continued Listing Requirements

TSX is reviewing the common shares of Vena Resources Inc. with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

 

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