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Canadian miner Vena Resources will invest $ 2.2 million

Vena Resources will invest $ 2.2 million exploration program starting in Esquilache.Canadian miner Vena Resources announced today that it would begin an aggressive program of exploration by $ 2.2 million, including diamond drilling and underground development of three of the structures with higher gold and silver prospects in Cerro Mamacocha Esquilache polymetallic project located in Puno.

In February this year, the miner announced it is investing more than $ 12.2 million to advance Azulcocha project, located in Junín and Esquilache.

Vena plans to continue advancing the project Esquilache, along with his partner Minera Silex Peru, a subsidiary of Golden Minerals Company, one of the largest worldwide.

The investment of U.S. $ 2.2 million would be made following the recommendations of the report made ​​on the Coffey Mining Pty Esquilache project, based on results of work performed by Vena on the property since 2007.

These works include an extensive geological mapping, surface 2.378 samples, 431 soil samples, 93 kilometers of geophysics and diamond drilling 31 holes on the surface for a total of 5.710 meters.

The property comprises Esquilache 1.000 hectares and is located 850 kilometers southeast of Lima, in the middle of a volcanic caldera 30 square kilometers that is home to the San Antonio Silver Mine Esquilache.