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Vena Files NI 43-101 Report for Macusani Uranium Project in Peru

Written by Investing News Network
|
Nov. 29, 2010 09:43AM PST

Vena Resources Inc. (TSE:VEM) reports an independent National Instrument 43-101 compliant resource estimate for its Macusani uranium project, Peru.

Vena Resources Inc. (TSX:VEM) reports an independent National Instrument  43-101 compliant resource estimate for its Macusani uranium project, Peru.

The press release is quoted as saying:

The current resource numbers are based on 25,187 meters of diamond drilling in 158 drill holes performed over four years covering a small portion of the prospective target areas and indicates an overall resource estimate for the Macusani region of 8,316,818 pounds of indicated resources and 14,211,857 pounds of inferred resources at 0.18 pounds per ton cutoff and 7,618,216 pounds of indicated resources and 13,172,202 pounds of inferred resources at 0.36 pounds per ton cutoff as outlined in the table below. A new drill program is expected to begin mid-January 2011 intended to increase resources at Tantamaco and Isivilla.

Click here to access the entire news release.

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