This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vena Announces Positive Metallurgical Test Results From The Esquilache Silver Project

TORONTO, Jan. 7, 2013 /CNW/ - Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces positive results on the preliminary metallurgical testing of outcropping veins and mine dumps as part of the recently initiated program to evaluate near surface resources on its 100% owned Esquilache project located in southern Peru.  The metallurgical tests have been conducted on composite representative samples from the Sepulveda and Elvira veins as well as the principal dumps confirming that the Esquilache project can produce commercially viable concentrates of silver-lead (Ag-Pb) and zinc (Zn) and that the mineralization is processable by standard metallurgical methods.

The head grade of the composite sample from the Sepulveda vein (8 to 10 metre width) ran 6.36 opt (ounces per tonne) Ag. The results from the initial conventional flotation test were very positive with an Ag recovery of 64% and a concentrate grade of 168 opt Ag. A subsequent test that included cyanidation of the tailings increased the Ag recovery by an additional 20%. From this initial work it is possible to predict that the Sepulveda vein will have Ag recoveries in excess of 80%. Additional work is in progress to maximize the recovery.

A composite sample of the principal mine dumps was prepared and assayed 2.95 opt Ag, 0.24% Cu, 1.67% Pb and 3.47% Zn. The initial conventional flotation test was very successful in producing commercial grade concentrates. These included a bulk concentrate grading 58 opt Ag, 52% Pb, 6.5% Cu and a zinc concentrate that graded 60%. Recoveries were 73% Ag, 93% Pb, 88% Cu and 83% Zn. Current testing is focusing on separating the bulk concentrate into individual Ag-Pb and Ag-Cu concentrates.

The composite sample from the Elvira vein ran 4.79 opt Ag. The vein is more oxidized at surface than the Sepulveda vein. The initial conventional flotation test produced a concentrate grading 253 opt Ag with a recovery of 43.3% Ag. Bottle cyanide leaching tests of this material have resulted in recoveries of up to 49% Ag. Tests are underway that will combine flotation followed by cyanidation of the tailings.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs