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AUCAPAMPA
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Key Facts
Location:
Peru
225 km WSW of CUZCO Commodities: Copper, Gold
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Comparable Properties
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Latest Information  March 23, 2005 Vena Resources has raised CAD3.5 million in a non-brokered private placement to fund the completion of the prefeasibility study of the Azulcocha polymetallic mine as well as to fund exploration on the Cu/Au/Mo Aucapampa project; the Tantar gold project; the Las Princesas project; and to launch field confirmation campaigns on three uranium zones in southern Peru. Vena issued units at 45 and 48 cents. December 20, 2004 Announced the positive and encouraging results of its geophysical study. In order to confirm and increase the Azulcocha mineral resources the Company has embarked on a comprehensive exploration campaign beginning with a geophysical program including 40.7 line kilometers of magnetometry and 12.6 line kilometers of induced polarization testing. Two large targets have been identified as shown on the attached plan. The first target is approximately 150 meters by 500 meters in size and is open to the west and the second target is approximately 100 meters by 800 meters in size. |
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