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Last C$0.06 CAD
Change Today 0.00 / 0.00%
Volume 144.0K
VEM On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:54 PM 04/20/15 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$0.06
Day High
C$0.07
Day Low
C$0.06
52 Week High
11/14/14 - C$0.17
52 Week Low
06/24/14 - C$0.04
Market Cap
5.2M
Average Volume 10 Days
72.8K
EPS TTM
C$-0.03
Shares Outstanding
87.0M
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

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

vena resources inc (VEM) Key Developments

Vena Resources Inc. Auditor Raises 'Going Concern' Doubt

Vena Resources Inc. filed its Annual on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Vena Resources Inc. Announces Results of Final Four Diamond Drill Holes of Completed Drill Campaign at the 100% Owned Silver-Rich Polymetallic Esquilache Project

Vena Resources Inc. announced the results of the final four diamond drill holes of the recently completed drill campaign at the 100% owned silver-rich polymetallic Esquilache project located approximately 850 kilometres southeast of Lima, Peru. The program consisted of 15 drill holes for a total of 970.9 metres that tested four principal targets: Sepulveda, Creston, Franja de Oro and Estibina. This press release covers the sixth drill hole at Creston, the two Franja de Oro holes and the single hole into the Estibina structure. The 1,000 hectare Esquilache property covers the mineralized core of a five kilometre diameter volcanic caldera that has been mined for silver/lead since the early Colonial period. The exposed structures on the property are characterized as part of a system of polymetallic, low to intermediate sulfidation, epithermal to mesothermal veins containing silver-lead-zinc-copper and significant values of gold. The results from the 15 holes provide an excellent basis for the planning of additional drilling to define near surface resources at the Esquilache project. The priorities will be the follow up of the Sepulveda intersections and the mineralized intervals in the second hole (MADDHS15-02) at the Franja de Oro. Additionally, the Mamacocha area would be targeted to follow up on the intersection of 5.85 metres of 506 g/t Ag and 0.16 g/t Au in historical hole ESH-31-2011 at a depth of about 50 metres. However, the second phase of drilling, additional exploration activities and the completion of an updated resource estimate and National Instrument 43-101 technical report are subject to additional financing. Planning is in progress for this next drill stage and additional targets are being evaluated. Deeper drilling will be required to test the true potential of the Creston vein as near surface mineralization is confined to narrow quartz-hematite veinlets within the breccia vein structure. The Estibina structure is poorly exposed in small surface workings and was tested by a short hole (SBDDHS15-01). A poorly defined 4.60 metre wide zone of weak quartz-hematite veining and brecciation was intersected from 46.40 metres to 51.00 metres depth that is considered to represent the zone but values were low. Simplified sections of the two Franja de Oro holes are attached to illustrate the intensity of mineralized veins and breccias in this area of the property where gold is commonly a significant component of the mineral suite. In addition to the multiple veins and stockworks there is a persistent mineralized breccia at the contact between the andesite and the underlying dioritic intrusive that was 8.45 metres wide in MADDHS15-01 and 3.70 metres wide in MADDHS15-02.

Vena Resources Inc. Provides Further Results on the Drill Program at Esquilache Project

Vena Resources Inc. provided further results on the current drill program at the company's 100% owned Esquilache project, a silver-rich polymetallic property. To date, the company has completed 619.4 metres of drilling and assays have been received for 11 of the 12 holes that have been drilled. Ongoing and future drill programs will lead to an updated National Instrument 43-101 later this year. The 1,000 hectare Esquilache property covers the mineralized core of a five kilometre diameter volcanic caldera that has been mined for silver/lead since the early Colonial period. The exposed structures on the property are characterized as part of a system of polymetallic, low to intermediate sulfidation, epithermal to mesothermal veins containing silver-lead-zinc-copper and significant values of gold.

 

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