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Tuesday, 19th April 2005 (4131 views)

Canada's Vena Resources has announced it is has signed a deal with Inca Gold, a private Peruvian exploration company.<br/><br/>Under the deal Vena will purchase eight properties all located in the highly prospective area of the Alto Chicama - Yanacocha structural corridor.<br/><br/>The gold properties make up 22,486 hectares and are in line with the company's mission to become a pre-eminent develop of the mineral and social wealth of Peru.<br/><br/>Juan Vegarra, chairman of Vena Resources, said: "Vena is demonstrating once again the strength and depth of its exploration teams. The Inca Gold projects are strategically located in this highly regarded area of Peru."<br/><br/>To make the purchase, Vena will make a one-time payment of $60,000 plus 800,000 shares of Vena stock.<br/><br/>Vena is a mining company focused on the exploration of Peru's mineral potential, it is now planning a strong programme of surface exploration and geophysical surveys to identify key sites for drilling.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8309813"/>

 

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