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martes, 31 de enero de 2012

Macusani Uranium District: Colibri 2 & 3 Project

Colibri 2 & 3 Project




Project Highlights


  • 99.5% ownership
  • Preliminary Economic Assessment (PEA) completed in April 2010 indicating a cash production cost of less than USD$22/lb.
  • Excellent metallurgy; recoveries of 98.6% and 84.4% after 31 days with low acid consumption.
  • Current drilling platforms include strike length of 3 km, width of 0.5 km, average hole depth of 60m and U3O8 grade of 0.4 pound per tonne.
  • Drilling to date includes 127 holes over 8,255 m.
  • Over C$5 M of exploration costs have been incurred as of Aug 2010.

Resource Summary (NI 43-101 Compliant)

Colibri 2/3 Resource Statement (NI 43-101 Compliant)

Maps and Diagrams

Corachapi property map with drill hole location
Location of Colibri 2&3 concessions
Corachapi property map with drill hole location
Geology surrounding the Colibri 2&3 project
Corachapi property map with drill hole location
Colibri 2&3 radiometric map 
Fuente: http://www.macyel.com/properties/colibri.php

Macusani Uranium District: Corachapi Project

Corachapi Project




Project Highlights


  • 99.5% ownership
  • Technical data from RAM Resources Ltd. (formerly Contact Uranium Ltd.) in June 2009.
  • RAM Resources Ltd. completed over 10,000 m of drilling in 193 diamond drill holes which covers the largest radiometric anomaly outlined by IPEN in the 1980s.
  • Macusani drilled 50 confirmation holes including 0.06% of U3O8 over 36 m and 0.05% of U3O8 over 49 m from some of the 87 previously unassayed RAM holes.
  • Strike length drilled: 32%.

Resource Summary (NI 43-101 Compliant)

Corachapi Resource Statement (NI 43-101 Compliant)

Maps and Diagrams

Corachapi property map with drill hole location
Location of Corachapi concession
Corachapi property map with drill hole location
Corachapi map with drill holes
Corachapi property map with drill hole location
Geology surrounding the Corachapi project 
Fuente: http://www.macyel.com/properties/corachapi.php

Macusani Uranium District: Kihitian Project

Kihitian Project




Project Highlights


  • 99.5% ownership
  • The Kihitian Project represents a high grade opportunity and is currently the focus of the Company's exploration programme.
  • Two drills are currently turning at the Chilcuno Chico anomaly.
  • To date the Company has completed 44 drill holes with the objective of extending the strike of both the A and B mineralized zones; drilling thus far has resulted in an increased strike length of 400 metres on the A zone and 700 metres on the B zone.
  • Exploration is being expanded to the Quebrada Blanca anomaly; a third drill rig has mobilized to commence drilling; a recently completed ground radiometric survey for this anomaly shows encouraging results.
  • Furher assay results are expected over the coming weeks.


Maps and Diagrams

Kihitian property map with anomolies
Property map with anomalies
Kihitian property map drill hole locations
Chilcuno Chico drill holes
Radiometric map of Kihitian concession
Radiometric map of Kihitian

Kihitian property map with anomolies
 
Fuente: http://www.macyel.com/properties/kihitian.php  

MACUSANI YELLOWCAKE Inc. - Explora uranio en Macusani.

1.- Company Profile

Macusani Yellowcake Inc. is a Canadian uranium exploration and development company currently focussed on the exploration of its Kihitian Property on the Macusani Plateau in south-eastern Peru. The Company owns a 99.5% interest in concessions which cover over 50,000 hectares (500 km2) and are situated near significant infrastructure. Recent drilling carried out by the Company continues to demonstrate high-grade uranium intersections at Kihitian from which the Company plans to advance to a resource estimate by 2012. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt Exchange under the symbol 'QC1'.

Investment Highlights

  • Share cash value of $0.13 - sufficient to carry out exploration plan to the end of 2013
  • U3O8 Resources: 0.3 M lbs Measured, 10.1 M lbs Indicated, and 17.0 M lbs Inferred
  • Exploration target of 50-100 M lbs Uranium in 2012
  • Large, near surface pittable deposits; estimated cash cost of $22 /lb (PEA Apr 2010)
  • Resource friendly jurisdiction of Peru with superb infrastructure (roads, power, water, labour, etc.)
Upcoming Milestones


  • Q4 2011 - Kihitian: 3 drills currently turning; steady stream of further assays expected. NI 43-101 resource statement following drilling.
  • 2012 - Kihitian: Drilling programme on shallow 'A' and deeper high grade 'B' zones. Expanded 43-101 encompassing multiple Kihitian deposits.
World Class Management Team
The board of directors and senior management team have a wealth of experience with uranium and working in South America. The Company is headquarted in Toronto with field offices in Peru.


Responsible Exploration Practices
Macusani Yellowcake is committed to balancing profitability with sustainable development practices. By working closely with the local community and Peru goverment officials, the Company is helping realize the potential of the Peru's vast mineral wealth in a sustainable way.


http://www.macyel.com/profile/


2.- Management Team



Peter Hooper

President and CEO


B.Sc., Mining Engineering
A senior mining executive with broad-based experience in production, engineering, reorganization and training, contracting, exploration and corporate affairs, Peter has a long track record in the mining industry in South Africa, Canada, Australia and Ghana. He has provided consulting engineering to projects in Canada, USA, Cuba, Columbia, Venezuela, Mexico, Chile, South Africa, Zimbabwe, Australia, Kyrgyzstan, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and France.
Peter was the General Superintendent, Mine Manager, of Beaver Lodge Uranium Mine 1978 -1981, a mine that produced 4,000,000 lbs of uranium and belonged to Eldorado Nuclear, a government-owned agency which was later privatized and became Cameco Uranium, currently the largest producer of uranium in the world. During Peter's tenure the mine was modernized and mechanized. The digital equipment used world-wide to monitor uranium and radiation by-products was designed by the Canadian Government laboratories and tested at the mine during this period. As a consultant, Peter spent two years on a project exploring ways to handle and store the hot radiometric waste produced from Canada's Candu nuclear reactors.

Laurence Stefan

Managing Director, Peru


M.Sc. (Geology & Mining Engineering) & Ph.D. (Economic Geology)
Laurence Stefan is the founder of the Colibri Group of Companies in Peru and Managing Director of Minera Colibri. He has conducted metallurgical and mineralogical evaluation of over 200 mining and exploration projects throughout Central and South America, Europe, Africa and Asia and has compiled in excess of 1000 in-house reports: geological, mineralogical, mineral processing, engineering, mining activity, structural set-up, exploration strategies, resource/reserve evaluation and financial modelling.
He has deep operational experience in the fields of exploration, processing, pilot mining, legal evaluation, labor and social interaction in South America over the past twelve years. He has been involved in basic and specialised research in uranium metallurgical, recovery and enrichment programs at various gold-uranium mines along the Witwatersrand Basin in South Africa.

Philip Gibbs

Chief Financial Officer

Chartered Management Accountant

A Chartered Management Accountant with extensive financial management experience in large corporate environments in the manufacturing and retail sectors, both in North America and in Africa. Philip's multi-disciplinary exposure includes areas of Market Research, Logistics and IT Systems implementations, providing a broad base of business acumen suited to growing businesses.


3.- Sustainable Exploration & Development



Macusani Yellowcake is committed to balancing investor loyalty with responsible exploration and development practices.

Social Responsibility

The company aims at complying with the UN Global Impact and the ICMM (International Council on Mining and Metals) principles and policies. The company sees ethical behavior, integrity and adherence to Corporate Social Responsibility ('CSR') principles as a necessary condition and leverage to create value and develop sustainable business for all its stakeholders, shareholders, employees, business partners and the community at large.
Our core principles related to sustainable development include:

Accountability:

  • We integrate sustainable development considerations within our corporate governance practice and local decision making process
  • We implement a management system focused on continual improvement to review, prevent, mitigate or ameliorate adverse impact of our operations
  • We comply with the requirements of host-country laws and regulations
Transparency:

  • We provide information that is timely, accurate and relevant
  • We engage with and respond to stakeholders through open consultation processes
  • We demand transparency in all transactions with stakeholders
Stakeholder interest:

  • We have a constructive engagement with our stakeholders, we consult in the identification, assessment and management of all significant social, health, safety, environmental and economic impact associated with our activities and aim at finding win-win solutions
  • We inform potentially affected parties and authorities of significant risks from mining operations and of the measures that will be taken to manage the potential risks effectively
Sustainability:

  • We implement good practice and innovate to improve social, environmental and economic performance while enhancing shareholder value
  • We have Zero-tolerance for bribery and corruption
  • We seek to contribute to sustainable development within national development strategies

Environmental Stewardship

Macusani Yellowcake firmly believes that minimizing the environmental impacts of its activities and building cooperative working relationships with local communities is not only a good business practice, it is essential for the long-term operation of the company and ultimately a necessity to achieve the best possible outcome for shareholders.
The Company adheres to the E3 Environmental Excellence in Exploration guidelines, which was developed by the Prospectors and Developers Association of Canada and is considered to be the guiding standard for environmental protection in the mineral exploration business.

Workplace Health and Safety

Macusani Yellowcake has been proactive in developing good practices related to a safe and healthy workplace for employees, contractors, subcontractors, and local populations. The company is committed to continuously looking for opportunites to minimize risks with the aim of preventing accidents and occupational related illnesses.



4.- Properties Overview



Highlights

  • The company is exploring a major uranium concession in southeastern Peru
  • Concessions cover over 50,000 hectares (500 km2) in the Puno District
  • Excellent infrastructure: readily available supply of labour, water and power; transport (major highway runs through properties); plentiful supply of sulphuric acid
  • NI 43-101 resource statements completed for Corachapi and Colibri 2 & 3 projects
  • Exploration currently focused on several high-grade anomalies on the Kihitian project

Key Exploration Targets

Macusani Yellowcake properties map
TargetOwnershipSummary
Kihitian99.5%Current exploration focus. Over 40 drill holes to date demonstrating continuous high-grade mineralization over a strike length of 700 m. Initial NI 43-101 report expected Q4 2011. Learn more
Corachapi99.5%Drilling to date includes 10,000m (193 holes) by previous owner and 50 confirmation holes; only 32% of strike drilled to date and open at depth. NI 43-101 completed Oct 2010. Learn more
Colibri 2 & 399.5%123 diamond drill holes to date; 20% of strike length yet to be drilled and open at depth. Updated NI 43-101 completed Sep 2010. Preliminary Economic Assessment completed Jun 2010. Learn more

Mineral Resources

YEL resource table

Location

The concession area is situated in the relatively flat Altiplano of the Eastern Cordillera of the Andes Mountain Range. Elevation ranges from 4334m to 4580m above sea level. The nearest towns to the project are Macusani and Corani.
The closest airport to the project area is Juliaca which is approximately 180km from the southern boundary of the concession. The Juliaca airport receives daily flights from Lima and Cusco. The Interoceanic Highway passes 11km to the east of the property. An untarred road, in good condition, connects the project area to the Interoceanic Highway.

Geology

During the Miocene Period (between 24 to 20 million years ago), several volcanic centres in the Macusani District in Puno, southeastern Peru, were active. The animation below illustrates the how the acidic lavas formed into uranium-rich rocks.




Local Geology


In the Macusani region, late Tertiary tuffs, ignimbrites and associated sediments are preserved in a NW-SE trending graben. Much of the Early Tertiary and Mesozoic cover were eroded prior to deposition of the pyroclastics so they were deposited in part directly on the Palaeozoic rocks including Late Palaeozoic intrusives (Hercynian granites) and extrusives (Mitu volcanics).
The geological plan of the area indicates that the concession is underlain by rocks of the Neogene Period, Quenamari Formation (dated between 22.5Ma to 1.8Ma). The youngest rocks (Pliocene Epoch) are known as the Yapamayo Member and these outcrop over the Colibri Project. The older Sapanuta and Cacacuniza Members (Miocene Epoch) underly the Yapamayo Member.
The known uranium occurrences in the Macusani area identified by the International Uranium Resources Evaluation Project (IUREP) are associated with Pliocene Quenamari Formation tuffs, ignimbrites and interbedded sediments in a NW_SE trending graben. Uranium in the form of pitchblende, uranophane, gummite and meta-autunite occurs predominantly in a fluvio-lacustrine sediment between two pyro-clastic units. The thickness of the sedimentary unit varies from less than 1m to over 5m.
Other uranium minerals are indicated by IUREP (1984) to be hosted in acidic volcanic rocks of rhyolite composition that cover large areas of the Macusani Plateau in horizontal formations from surface to a depth of about 100m but these appear to be lenticular or confined to fracture zones.

Project Geology


The deposits are hosted by acidic tuffs with pyroclasts of size 60mm to sub-macroscopic. The main minerals constituting the tuff are quartz, orthoclase and plagioclase in a groundmass of amorphous glass. A crude bedding was evident some outcrops based on strata containing larger and smaller pyroclasts as well as differential weathering. In both cases a flat dipping tuff is interpreted.

Photo Gallery


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1.- New Reactors Fueling Uranium Demand

The primary commercial use for uranium is to fuel nuclear reactors for the generation of electricity. There are 436 reactors operating worldwide, and a total of 521 new reactors that are under construction, planned, or proposed for completion within the next 10 years. With increased demand for electricity and a movement towards clean energy generation, the number of proposed and planned nuclear reactors has seen a two-fold increase over the last 4 years.
New Nuclear Reactors 2007-2010

New Reactors by Country

With the emerging economies and resulting energy requirements of China, Russia, and India, it is not surprising that these three countries account for 274 (or 53%) of the 521 new reactors that are under construction, planned, or proposed.
New Nuclear Reactors - Top 8 Countries

Uranium Supply vs. Demand

In 2008 mines supplied 43,760 tonnes of uranium satisfying 68% of utilities' annual requirements. The balance of supply for utilities is currently made up of secondary sources including stockpiled uranium, but those civil stockpiles are now largely depleted. As illustrated by the chart below, there is a large anticipated gap between primary uranium production and the growing demands of the nuclear energy industry.
Uranium Production vs. Reactor Requirements (1940 to 2020) 


2.-  Long-term Uranium Price
Uranium is not traded on an organized commodity exchange such as the London Metal Exchange. Instead buyers and sellers typically negotiate contracts and pricing privately. It is estimated that 80% to 85% of all uranium has been sold under long-term, multi-year contracts with deliveries starting 1 to 3 years after the contract is made. Long-term contract terms range from 2 to 10 years, but typically run 3 to 5 years, with the first delivery occurring within 24 months of contract award. They may also include a clause that allows the buyer to vary the size of each delivery within prescribed limits. For example, delivery quantities may vary from the prescribed annual volume by plus or minus 15%.
Long-term Uranium Price

Uranium Spot Price

The remaining 15-20% of uranium that is bought and sold is largely based on the spot price. A spot market contract usually consists of just one delivery and is typically priced at or near the published spot market price at the time of purchase. Uranium price indicators accepted by the nuclear industry are published by independent market consultants Ux Consulting and TradeTech. The uranium spot price is typically more volatile than the long-term uranium price.
Uranium Spot Price

Uranium Futures

In 2007 the New York Mercantile Exchange announced a 10-year agreement to provide for the trade of on and off exchange uranium futures contracts. Uranium futures are traded under ticker symbol UX in U.S. dollars and cents per pound.

3.- Drivers for the Nuclear Energy Renaissance


here are several key factors that are contributing to a renewed emphasis on nuclear energy:

Increasing Energy Demand

Relative to 1980, global population growth in combination with industrial development will lead to a near doubling of electricity consumption by 2030 (Source: World Energy Outlook, OECD/IEA, 2008). In addition to this growth, there will be a need to renew the current generating facilities in the Canada, USA and the EU over the same period. An increasing shortage of fresh water calls for energy-intensive desalination plants, and in the longer-term, if hydrogen production for transport purposes becomes feasible, it will likely require large amounts of electricity and/or high temperature heat.
World Energy Consumption (1980 - 2030)

Climate Change

Increased awareness of the dangers and effects of global warming and climate change has led decision makers, media and the public to realize that the use of fossil fuels must be reduced and replaced by low-emission sources of energy, such as nuclear power, the only readily available large-scale alternative to fossil fuels for production of continuous, reliable supply of electricity.

Economics

Increasing fossil fuel prices have greatly improved the economics of nuclear power for electricity now. Several studies show that nuclear energy is the most cost-effective of the available base-load technologies. In addition, as carbon emission reductions are encouraged through various forms of government incentives and emission trading schemes, the economic benefits of nuclear power will increase further.

Insurance Against Future Price Exposure

A longer-term advantage of uranium over fossil fuels is the low impact that increased fuel prices will have on the final electricity production costs, since a large proportion of those costs is in the capital cost of the plant. This insensitivity to fuel price fluctuations offers a way to stabilize power prices in deregulated markets.

Security of Supply

A re-emerging topic on many political agendas is security of supply, as countries realize how vulnerable they are to interrupted deliveries of oil and gas. The abundance of naturally occurring uranium and the large energy yield from each tonne of it makes nuclear power attractive from an energy security standpoint.
As the nuclear industry is moving away from small national programmes towards global cooperative schemes, serial production of new plants will drive construction costs down and further increase the competitiveness of nuclear energy.
Source: World Nuclear Association 

4.- Nuclear is Part of the Clean Energy Solution


Clean electricity from 'new renewables' - solar, wind, biomass and geothermal power - deserves strong support. But the collective capacity of these technologies to produce electricity in the decades ahead is limited. The International Energy Agency projects that, even with continued subsidy and research support, these new renewables can only provide around 6% of world electricity by 2030.
World Electricity Usage by Power Source
Environmentalists have played a valuable role in warning that catastrophic climate change is a real and imminent danger. It is crucially important that they be equally realistic about solutions. Even with maximum conservation - and a landscape covered by solar panels and windmills- we would still need large-scale source of around-the-clock electricity to meet much of our energy needs.
Nuclear power - like wind, hydro and solar energy - can generate electricity with minimal carbon dioxide or other greenhouse gas emissions. The critical difference is that nuclear energy is the only proven option with the capacity to produce vastly expanded supplies of clean electricity on a global scale.
Range of Greenhouse Gas Emissions from Electricity Production
Far from being competitors, nuclear power and 'new renewables' are urgently needed as partners if the world's immense clean energy needs are to be met.
The International Energy Agency of the Organisation for Economic Co-operation and Development(OECD) is the intergovernmental body that analyses global energy demand. In the private sector, theWorld Energy Council performs similar assessments. The projections by both organisations point inexorably to the same conclusion: Our world cannot meet its expanding energy needs - cleanly - without a sharp expansion of nuclear energy.
Source: World Nuclear Association


"Nuclear power has to be part of the solution. Can we really understand the notion of risk? Nuclear plant versus carbon emissions - which will and has killed more people?"

- John Hennessey, President, Stanford University 


"Environmental activists, notably Greenpeace and Friends of the Earth, continue to lobby against clean nuclear energy. We can agree renewable energies, such as wind, geothermal and hydro are part of the solution. But nuclear energy is the only non-greenhouse gas emitting power source that can effectively replace fossil fuels and satisfy global demand."

- Patrick Moore, Environmentalist Founder of Greenpeace





lunes, 30 de enero de 2012

La division de uranio de Vena

1. La division de uranio de Vena actualmente opera en 14,900 hectáreas de tierra en la región de Puno al Sur del Perú, las cuales fueron adquiridos cuando el gobierno permitió a las compañías privadas adquirir concesiones de uranio en el 2005. La seleccion de terrenos fue guiada por las ocurrencias de uranio reportadas por el IPEN (Instituto Peruano de Energía Nuclear) en su reporte resumen de 1984.
Vena se encuentra explorando por uranio en una serie de áreas al Sureste del Perú con el soporte técnico de geólogos de Cameco. Cameco ha obtenido un 50% de interés en Minergia S.A.C., una subsidiaria de Vena que sostiene los denuncios de uranio. Cameco puede incrementar su participación en Minergia S.A a 60% cuando se complete un estudio de factibilidad y a un 70% cuando el desarrollo de la mina comience.
Las propiedades de Minergia están localizados in la meseta de Macusani y al Sur del pueblo de Crucero en un área conocida como Muñani. La mineralización se encuentra alojada en riolíticos piroclasticos ambos como relleno de fractura y como diseminaciones. En Muñani el uranio se encuentra en estructuras en rocas de andesita basáltica y diseminada dentro de areniscas Cretácicas.

2. URANIO - MACUSANI


El distrito de Macusani es la zona más estudiada del sur peruano. Los informes históricos del IPEN del mes de setiembre de 1983 refieren a las zonas de Chapi, Corani, Tantamaco, Huiquiza, Calvario, Concha Rumio, Huachanne, Chilcuno, Chacaconiza y a la zona circundante al pueblo de Macusani como potencialmente contenedoras de minerales portadores de uranio en el orden de 200,000 toneladas, con valores promedio de 0.2% a 12% de U308 (Boletín 71 – Sociedad Geológica del Perú – Setiembre 1983).
Las características petrográficas, mineralógicas y tectónicas de las ocurrencias de uranio en Macusani, 150 kilómetros al nor-noroeste del Lago Titicaca en Puno, son tales que dichas mineralizaciones son únicas en yacimientos de uranio asociados con rocas piroclásticas pero similares a los sistemas mineralizados en Lakeview (Oregon), McDermitt (Nevada), Marysvale (Utah), Makkovik (Labrador), Rexpar (BC), Mount Pleasant (New Brunswick) y Maureen (Queensland) en Australia.
Los estudios realizados por IPEN mostraron que:
  1. Los minerales de uranio mayormente se encuentran en los niveles superiores de la secuencia volcánica;
  2. Las rocas encajonantes son ignimbritas riolíticas y riodacíticas formadas por cuarzo, sanidina, oligoclase, biotita y ocasionalmente muscovita y andalusita, en una específica matriz devidrificada conteniendo numerosos clastos de lutitas.;
  3. En los niveles mineralizados existe gran abundancia de biotita, cuarzo grisáceo y andalusita;
  4. Los minerales metálicos consisten casi exclusivamente de pechblenda masiva más o menos convertida en gummites, fosfatos y silicatos de uranio, y escasos sulfuros Fe;
  5. La pechblenda rellena fracturas desde apenas unos centímetros hasta varios metros de longitud y entre 1 y 100 milímetros de grosor. Algunas de estas fracturas son sub-verticales y se deben a la contracción originada por la disyunción columnar. Otras son sub-horizontales y paralelas al sistema de formaciones de cizallamiento producidas por compactación y asentamiento de los materiales piroclásticos conteniendo la mineralización.
En exploraciones de la zona de Macusani realizada por terceros se ha descubierto importantes afloramientos de mineral autonita de uranio en fracturas pequeñas en numerosas zonas. La autonita contiene 51% de uranio por peso y se convierte en 60% - 65% U3O8.

3. URANIO - MUNANI

En Munani propiedad de Vena, la mineralización de uranio ocurre en las areniscas fluviales de la Formación Huancané, que data de aproximadamente 146 millones de años atrás. Según Bayswater Uranium, los valores típicos para U308 hallados en depósitos de areniscas son entre 0.15% y 0.4%. Las formaciones de areniscas, por lo general contienen numerosos depósitos pequeños a medianos en tamaño, y fueron la fuente de más de un 11% de la producción global de uranio en el 2004.
El muestreo en Munani se realizó mediante el empleo de un artefacto detector y medidor de radioactividad, conocido como scintilómetro. Los resultados indican que la totalidad del área se asume como sobreyaciente a areniscas presentando antecedentes de radioactividad de 500 conteos por segundo (cps) a 600 cps donde hay concentración de rocas de areniscas, y excede 1,000 cps a 2,000 cps en lugares donde hay rocas individuales. La radioactividad está correlacionada con material negro, potencialmente orgánico, diseminado en las areniscas.
Aunque se desconoce la composición del material negro, éste presenta una fuerte florescencia bajo luz ultravioleta. Se cree que la naturaleza de estos depósitos coincide con el tipo de uranio típicamente encontrado en areniscas tabulares. Vena estima que los depósitos de uranio en Munami son aptos para la extracción a tajo abierto y un objetivo primario de la empresa es el establecer la extensión y profundidad de la mineralización.

4. URANIO - LAGUNILLAS

La propiedad de Lagunillas, de 15, 328 hectáreas, se encuentra localizada en el suroeste del Departamento de Puno a aproximadamente 80 kilómetros al Suroeste de la Ciudad de Puno.  El acceso es mediante una serie de caminos secundarios desde el pueblo de Santa Lucía que toma aproximadamente 2 ½ a la villa de Ixsuya en la parte norte de la propiedad y a 2 horas de la villa de Tincopalca en la parte sur de la propiedad. El camino pasa por el extenso lago que da nombre al área. La propiedad está a aproximadamente 40 kilómetros al noroeste de San Antonio de Esquilache y a 25 kilómetros al norte del descubrimiento de oro Gold Fields/Buenaventura Chucapaca.
La propiedad Lagunillas fue originalmente adquirida por el potencial de uranio y formó parte del portafolio de Minergia. El uranio se produce en las rocas de cuenca-sedimentarias del grupo Maure principalmente en lentes de chert con calizas lacustres. Una serie de 10 taladros por un total de 1725.7 metros fueron perforados para examinar los yacimientos cerca de Ixsuya en 2009. Las leyes fueron generalmente menor a 100 ppm U308 en horizontes múltiples, relativamente angostos, y la propiedad regresó a ser 100% de propiedad de Vena.
La sección  al sur de la propiedad Lagunillas subyace por los Grupos Volcánicos Tacaza de la edad Mioceno/Oligoceno. Estas rocas de dacíticas a andesíticas son las principales albergadoras de mineralización de oro-plata-cobre-plomo-zinc al sur del Perú.
Los yacimientos de Quello Quello y Airampuru están localizados en el sector sur de la propiedad de Lagunillas. En Quello Quello, dos antiguos trabajos expusieron la mineralización de falla/veta en la estructura Quello de 300 metros de largo y el yacimiento Diana de 250 metros de largo. La veta Quello es de alrededor de 80 cm de ancho y con rumbo al E-O con valores máximos en 8 muestras de 44.4 g/t Ag, >1%Pb y >1.0% Zn. La estrutura Diana se encuentra a 300 metros al SE de la veta Quello. Tiene un rumbo a aproximadamente N50ºE y es una zona débil con vetillas de cuarzo de opalina con óxido. Los valores más altos en seis muestras fueron 0.15% Pb y 1.0%Cu.
El yacimiento Airampuni (o Toraya) se encuentra a 2 kilómetros al NW de Quello Quello. La zona está representada por vetillas débiles en sílica con óxidos de cobre con orientación NW-SE. Tres de las 8 muestras tienen valor mayor a 1% Cu y otra otra mayor a 100 g/t Ag.
Existen concesiones de 200 hectáreas que son parte del proyecto de Lagunillas que se localizan a aproximadamente 6 kilómetros al sur de la propiedad de Buenaventura/Goldfields Chucapaca en el Departamento de Moquegua. Los denuncios están predominantemente delineados por conglomerados rojos del Grupo Puno. Los denuncios fueron analizados por scintilómetro pero no específicamente prospectados por metales preciosos o base.

5. The Octagon MidDay. November 2, 2010. MM, VEM, CCO

6.  VENA SIGNIFICANTLY UPGRADES RESOURCES AT MACUSANI URANIUM PROJECT
Measured Resources of 5.69 million pounds of U308, Indicated Resources of 12.53 million pounds of U308 and Inferred Resources of 17.42 million pounds of U308
Toronto, Ontario – Vena Resources Inc. (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF), a Company with strong partnerships with some of the world’s largest mining companies, is pleased to announce that an independent National Instrument 43-101 (“NI 43-101”) compliant resource estimate for its Macusani Uranium Project located in Peru will be filed on SEDAR (www.sedar.com) and on the Company’s website within 45 days.  Henkle and Associates (“Henkle”) has completed an updated resource estimate for Minergia S.A.C. (“Minergia”), a uranium exploration company owned jointly by Vena and Cameco.  It should be noted that the NI 43-101 compliant resource estimate only encompasses five of the nine properties in the Macusani region.  Minergia also owns uranium properties in the Muñani region where work is continuing.
The current resource numbers are based on 36,312 metres of diamond drilling in 220 drill holes performed over five years covering a small portion of the prospective target areas and indicates an overall resource estimate for the Macusani region of 5,691,588 pounds of measured resources, 12,525,199 pounds of indicated resources and 17,422,031 pounds of inferred resources at 0.18 pounds per ton cutoff and 5,690,701 pounds of measured resources, 11,674,765 pounds of indicated resources and 15,321,050 pounds of inferred resources at 0.36 pounds per ton cutoff as outlined in the attached table.
Juan Vegarra, CEO of Vena, stated, “It is exciting to report an increase of almost 60% in resources at Macusani including 5.7 million pounds in the measured category.  As an aggregate, we have over 35 million pounds of U308 resources from a small portion of our target area, encouraging us to continue to convert blue-sky potential to measured resources across the entire plateau.”
This press release was reviewed by William R. Henkle, Jr., P.Geo., Vena’s Qualified Person as defined by NI 43-101.
For further information on Vena Resources, please visit the Company website atwww.venaresources.com, its Facebook page or contact: Juan Vegarra – Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com.
NR Sep13-01
Not for distribution to US news wire services or for dissemination in the US. 
The TSX does not accept the responsibility for the adequacy or accuracy of this release.  Statements in this press release regarding the Company’s business, plans, intentions, proposed Offering and use of proceeds thereof, which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.  Information identifying risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the Company’s current Annual Information Form and its other filings with the various Canadian Securities Regulators, which are available online at www.sedar.


7. EL PROGRAMA DE EXPANSIÓN DE LOS RECURSOS DE URANIO EN MACUSANI SE EXTIENDE CON ÉXITO EN LA ZONA SUR Y OESTE.
Marzo 10, 2011
Toronto, Ontario – Vena Resources Inc. (“Vena” or the “Company”) (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF, Xetra®: V1R.DE), una empresa con fuertes alianzas con algunas de las empresas de minería más grandes del mundo, se complace en anunciar los primeros resultados de la tercera campaña de perforación en las propiedades de Macusani de Minergia S.A.C., una compañía de exploración de uranio propiedad conjunta de Vena y Cameco Corporation.
Hasta la fecha se ha completado aproximadamente 4,000 metros de perforación de diamantina, incluyendo 16 agujeros en el prospecto de Isivilla y 11 agujeros en el prospecto de Tantamaco. Se están utilizando dos máquinas y los análisis se han recibido por los primeros 14 agujeros.
La perforación en Tantamaco ha ampliado el área de más alta ley alrededor de la perforación TA-2010-79 (54 metros de 1.4 libras/t U3O8; incluyendo 9.7 metros de 5.9 libras/t U3O8) 300 metros al oeste y 150 metros al sur. Varias de las perforaciones iniciales se llevaron a cabo a intervalos de 50 x 50 metros para probar la consistencia de la zona diseminada de 40 metros de espesor dentro del horizonte B del piroclástico de riolita de Yapamayo. El plan en curso es continuar ampliando la zona al sur con una serie de perforaciones a intervalos de 100 x 100 metros de distancia. La tabla a continuación presenta los resultados de los ensayos para las primeros siete agujeros de perforación. Cabe resaltar que en unos cuantos días se esperan los resultados de los ensayos de los dos agujeros visualmente mejor perforados a la fecha, TA – 115 y TA – 117.
Los ensayos para los siete agujeros iniciales de Isivilla perforados en la línea sur de cinco plataformas al oeste del agujero de perforación IS-06 del año 2010 brindaron valores de uranio relativamente bajos. La perforación en el nivel sur de los agujeros (600 metros al norte) tuvo mucho más éxito y la mineralización visual de uranio se incrementó progresivamente hacia el oeste. En base a las intersecciones alentadoras en las perforaciones IS-026 y IS-027, se viene perforando un agujero adicional a 200 metros al oeste de IS-027. Cuando este agujero haya culminado, la perforación se trasladará a Tantamaco para acelerar el programa de ampliación de recursos.
David Bent, Vicepresidente de Exploración en Vena declaró: “Estamos muy satisfechos con los resultados iniciales de la perforación en ambos prospectos. La zona de mayor grado en Tantamaco continúa hacia el sur y el oeste y con la adición de la segunda perforación debe ser capaz de ampliar rápidamente la base de recursos. La perforación de Isivilla ha indicado que la zona de grado superior tiene una tendencia más hacia el noroeste lo que se pensaba y el plan de perforación que viene será destinado a completar entre los agujeros IS 06 y IS-27, así como el seguimiento de la zona al noroeste. "
TANTAMACO DDH INTERSECTIONS
From
To
Interval
U3O8
U3O8
Drill Hole
(metres)
(metres)
(metres)
(%)
(lb/ton)
TADDHS11-090
43.80
98.25
54.45
0.053
1.054
including
70.00
73.25
3.25
0.171
3.417
including
77.50
98.25
20.75
0.100
2.008
TADDHS11-091
67.90
122.60
54.70
0.024
0.470
including
94.10
122.60
28.50
0.042
0.831
TADDHS11-095
50.85
113.00
62.15
0.023
0.452
including
74.80
113.00
38.20
0.036
0.710
including
74.80
79.00
4.20
0.110
2.207
including
88.60
91.70
3.10
0.082
1.636
including
99.50
104.50
5.00
0.073
1.468
TADDHS11-096
52.50
127.30
74.80
0.021
0.429
including
75.65
127.30
51.65
0.030
0.602
including
119.95
127.30
7.35
0.097
1.941
including
119.95
123.65
3.70
0.181
3.624
TADDHS11-101
24.60
132.45
107.85
0.012
0.241
including
70.70
108.55
37.85
0.028
0.568
including
86.00
108.55
22.55
0.043
0.859
TADDHS11-102
52.20
128.80
76.60
0.017
0.349
including
90.70
119.45
28.75
0.037
0.737
including
90.70
101.70
11.00
0.062
1.231
including
115.85
119.45
>3.60
0.067
1.339
TADDHS11-168
65.65
98.65
33.00
0.024
0.478
including
83.40
98.65
15.25
0.040
0.796
including
83.40
85.00
1.60
0.085
1.691
including
94.10
98.65
4.55
0.065
1.299
Esta nota de prensa ha sido revisada y aprobada por el señor David Bent, P. Geo., Vicepresidente de Vena y Persona Calificada como se define por el reporte NI43-101. Los programas de exploración y desarrollo son supervisados por el Sr. Bent. Todas las muestras han sido preparadas y analizadas por CIMM Perú, laboratorio con certificación ISO en Lima, Perú. El programa está diseñado para incluir un completo control de rutina de calidad de los análisis que comprende el uso sistemático de las normas, muestras de campo y duplicados. Se usará un segundo laboratorio para revisar los ensayos.