Diapositiva 1

Transcription

Diapositiva 1
Canada: VEM | Peru: VEM | Germany: V1RA | US: VNARF
Exploring for the next discovery in Peru
[e]: [email protected]
[w]: www.venaresources.com
130 Adelaide Street West, Suite 1010
Av. Jose Pardo # 601, Of. 1301
Toronto, Ontario, Canada M5H 3P5
Miraflores, Lima, Peru
+1 416 364 7739
+511 202 4090
Regulatory
Disclaimer
There can be no assurance that such statements will
prove to be accurate and actual results and future
events could differ materially from those anticipated
in such statements.
Important factors that could cause actual results to
differ materially from Vena’s expectations are
disclosed elsewhere in documents that are available
to the public at www.sedar.com.
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This presentation contains certain forward-looking
statements. All statements, other than statements of
historical fact, included herein, including without
limitation, statements regarding potential
exploration results, resources and reserves, and the
future plans and objectives of Vena Resources Inc.
(“Vena”) are forward-looking statements that involve
various risks and uncertainties.
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Vena at a Glance
Corporate Objective and Market Facts
Peru’s mineral potential.
 Cash flow from mining operations funds core exploration investment - leveraging an
accomplished technical team.
 Proven project generator model with several world class JV partnerships and expanding.
Exchanges | Trading Symbols:
Canada: TSX:VEM Peru: BVL: VEM
Germany: V1RA
USA: VNARF
Market Capitalization:
$12 million
Cash Position (December 1, 2012):
$2 million
Shares Outstanding:
62,300,823
Fully Diluted:
69,686,780
Management Ownership:
5%
Institutional Ownership:
22%
TSX: VEM | BVL: VEM | Germany: V1RA
 Vena is a Canadian mining company focused on the exploration and development of
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Portfolio of Assets
50,000 Hectares
TSX: VEM | BVL: VEM | Germany: V1RA
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Board of Directors
Extensive Mining, Capital Markets and Local Knowledge
significant base of contacts within both the Peruvian government and the mining industry. Prior to his
appointment as Chairman and CEO of Vena Resources in 2003, Mr. Vegarra enjoyed a successful career as a
Microsoft executive. He was the founder of the Company and manages the overall corporate strategy and
direction. He holds an engineering bachelor degree from the University of Maryland as well as an MBA from
the University of Washington.
Dr. Klaus Zeitler – Klaus Zeitler has been involved in the mining industry for over 30 years. Dr. Zeitler was a
managing director of Metallgesellschaft AG, a German metals conglomerate and in 1986 founded and was a
director and CEO of Metall Mining, later Inmet, a TSX listed company with assets of over $4 billion and base
metal and gold mines in different parts of the world. After having been a director of Teck and Cominco for
many years, Dr. Zeitler joined Teck in 1997 as Senior Vice President and had responsibilities for the exploration
and development of mines in Peru, Mexico and the USA. Since his retirement in 2002 from Teck Cominco and in
addition to being President, CEO and a director of Amerigo Resources Ltd., Dr. Zeitler is also Chairman and a
director of Candente Copper Corp., a TSX listed company, and of Rio Alto Mining Limited, a TSX Venture
Exchange listed company. He has been actively involved as a director in various junior base and precious
metal companies. Dr. Zeitler is a member of the Canadian Institute of Mining and Metallurgy and the
Prospectors and Developers Association. Dr. Zeitler holds a PhD in economic planning.
Miguel Grau M., LLB - Miguel Grau resides in Peru and has been instrumental in the negotiation and
implementation of several internationally viable resource projects, including the Shell-Mobil Camisea Natural
Gas project and the Antamina mining project. Mr. Grau was a Director of Antamina until 2005 and chairman of
Minera Milpo 1999 through 2002, one of the largest Peruvian zinc producers. He is also a member of the board
of TSX listed mining companies like Bear Creek Mining and formerly Peru Copper until sold to Chinalco, and is
related in Peru to companies such as Rio TInto, Xstrata, among others.
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Juan Vegarra, Chairman, CEO & Founder - Juan Vegarra is a native of Peru and continues to foster his
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Board of Directors – continued
Extensive Mining, Capital Markets and Local Knowledge
in the mining sector of Peru. His most recent position in the mining industry was as a senior executive for
Volcan, one of Peru’s largest mining companies. Mr. de Romaña has a degree in Management and Finance from
St. Edward’s University in Austin, Texas and has attended numerous courses and seminars locally in Peru. Mr. de
Romaña is also a director of a number of successful Peruvian companies involved in a variety of industries,
including health, distribution and a manufacturer of equipment for the mining, agriculture and fishing
activities.
John Clarke – John Clarke has been Vice President, Business Development with CGX Energy Inc., a TSXV listed
exploration company. Prior to joining CGX, Mr. Clarke was Executive Vice President, Corporate as well as being
a director and one of the original founders of Candax Energy Inc., a TSX listed E&P company. Mr. Clarke has over
35 years international experience in the energy sector and a broad capital markets background, including eight
years as a Vice President and Senior Oil & Gas Analyst with Deutsche Bank and Octagon Capital Corporation,
where he was ranked top North American Oil & Gas Analyst in 2003 and 2004 by Forbes/Starmine. Mr. Clarke has
a Bachelor of Science in Physics from Birmingham University, Birmingham, UK and a Masters in Science from
Imperial College, London, UK as well as a Bachelor of Arts in English from the University of Calgary.
André Gauthier – André Gauthier has over 33 years of experience in the mining exploration. He is currently
President of Lara Exploration Ltd. and a Director of the Peruvian Mining Society, President of the Foreign
Investment Committee and Director of the SARCC and a founding member and Director of the Canada Peru
Chamber of Commerce. Mr. Gauthier commenced his career with SOQUEM in 1977 and from 1978 to 1982 was
an Exploration Geologist with Falconbridge Ltd., Exploration Manager with Noramco, from 1989 to 2005 was the
International Exploration Manager of Cambior Inc. with a focus on the Andes and most recently was the
President of Inca Pacific Resources Inc. until October 31, 2011. He has a Masters Degree in Mineral Exploration
and is an active member of many mining and professional organizations.
TSX: VEM | BVL: VEM | Germany: V1RA
Jose Roberto Romaña Letts - Jose Roberto Romaña Letts, a native of Peru has a long history and strong ties
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Management Team
Solid Team with Strong Mining Experience
mining experience and extensive knowledge of exploration for base metals, precious metals and uranium in
over a dozen countries. Prior to joining Vena Resources, Mr. Bent was Vice President of Exploration for UNOR
Inc. where he was responsible for the uranium exploration program in the Arctic. Mr. Bent worked for many
years with Noranda where he held numerous senior positions. At Noranda, Mr. Bent played an integral role in
the Real de Angeles (Ag-Zn) discovery which was at one time the second largest Ag producer in the world and
the Antamina (Cu-Zn) mine which is expanding from 70,000 tpd to 120,000 tpd with reserves of over 822
million tonnes. He also held senior positions with Newmont Mining and Normany Mining in Peru. Mr. Bent
earned his B.Sc. in Geology from Acadia University. He is a member of the Association of Professional
Geoscientists of Nova Scotia.
Andres Tinajero, CMA, MBA, Vice President, Finance and Chief Financial Officer - Mr. Tinajero has
over 15 years of business experience, having supported a broad range of industries, including mining, not for
profit, manufacturing and retail; establishing a strong accounting and business skill set, transitioning into the
public sector serving in leadership roles for small and medium sized companies in extractive industries.
During this same period, he has served as CFO of a number of start-ups and medium sized Public companies
across Canada. Currently he serves as Director for Lakeside Minerals. He holds degrees in Business
Administration and an MBA, and is also a Member of the Canadian Institute of Certified Management
Accountants, and currently enrolled in the Director's Program through the University of Toronto.
Silvia Dedios, Vice President, Corporate Development – Mrs. Dedios has over 20 years of finance,
administration and business experience. Prior to joining Vena Resources, Mrs. Dedios was a senior manager in
companies related to the mining, production and commerce industries in Peru. Mrs. Dedios holds an MBA in
business administration and advanced degrees in Finance.
TSX: VEM | BVL: VEM | Germany: V1RA
David Bent, General Manager, Peru and Vice President, Exploration – David Bent has over 30 years of
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Management Team
Solid Team with Strong Mining Experience
precious metals with a focus on the design and operation of underground and open pit mines, including
Vena’s former Azulcocha zinc mine. Prior to joining Vena, Mr. Sanchez was involved in the development of a
number of mining projects in Peru on behalf of Atacocha Mining, Southern Copper, Buenaventura and Pan
American Silver in senior positions of responsibility. Mr. Sanchez is a Mining Engineer with a degree from
Pontificia Universidad Catolica del Peru.
Matthew Husson, Corporate Secretary - Mr. Husson is a lawyer practicing corporate and securities law
with a focus on the mining industry. He is currently an associate at Irwin Lowy LLP and a member of the Law
Society of Upper Canada. He has experience representing mining issuers in public offerings, private
placements, mergers and acquisitions, stock exchange listings and he provides advice relating to continuous
disclosure and other regulatory compliance obligations. Mr. Husson obtained a Bachelor of Laws from the
University of Alberta and an Honours Bachelor of Arts (Political Science) from McMaster University.
Charlotte May, Senior Marketing Manager - Ms. May has over 20 years experience gained in the
institutional broker industry and the resource sectors. Ms. May provides consulting services to a number of
junior resource companies in the areas of marketing, corporate secretarial and public company
administration.
TSX: VEM | BVL: VEM | Germany: V1RA
Miguel Sanchez, Technical Manager – Mr. Sanchez has over 10 years of mining experience in base and
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Esquilache – Ag/Au
Historical High Grade Silver Mine
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Esquilache – Ag/Au
Historical Silver Mine
central zone of a large
caldera only 28 km
from Chucapaca (7.6
mil. oz. Au eq.)
 Historical silver mine
that produced 400 tpd
from 1950 through
1962 by Hochschild and
until 1973 by informal
miners
 Numerous un-mined or
partially mined veins in
southern zone with
adit access
 Two drill programs and
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 1,000 ha located in the
43-101 completed
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Esquilache – Ag/Au
Historical Silver Mine
metres) surface geochemical sampling which leaves a majority of the total
project untested
 Sampling has shown economic silver veins are ready for mining close to portal
entrances
 Significant drill results (true width) include:
 977.0 g/t Ag + 4.88 g/t Au over 2.0 metres
 506.0 g/t Ag over 5.0 metres
 254.5 g/t Ag over 2.0 metres
 348.4 g/t Ag + 1.93 g/t Au over 2.8 metres
 320.9 g/t Ag + 0.95 g/t Au over 2.0 metres
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 Work to date (2009 to 2012) (total ~$1.5 million)
 2,378 surface geochemical samples
 431 underground samples
 31 surface DDH holes (5,710 metres)
 Exploration work focused on areas with little previous mining
 Only ~60% of the South zone has been tested by wide spaced (200 metres x 200
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Esquilache – Ag/Au
Idealized Section of the San Antonio Caldera
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Esquilache – Ag/Au
Structures and Intrusives
South Zone:
Mamacocha Target
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North Zone:
Creston Target
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Esquilache – Ag/Au
Historical Silver Mine
Systematic sampling and
short drilling on vein
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Resources Certification
by QP (High Quality work)
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Esquilache – Ag/Au
Potential Resources / Reserves from old Waste Dumps
Victoria B Dump
Azufrada Dump
Nv.06 Victoria Vein Dump
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Tasks being performed:
 Systematic backhoe sampling
 Metallurgical tests
 Preliminary mining plans
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Esquilache – Ag/Au
North Zone – Creston Target – Potential Sepulveda Pit
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Esquilache – Ag/Au
North Zone – Creston Target – Potential Sepulveda Pit
8-11 Oz/t Ag
>11 Oz/t Ag
<8 Oz/t Ag
Sepulveda Vein
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<8 Oz/t Ag
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Esquilache – Ag/Au
Historical Section of Blanca Vein – Underground Workings
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Longitudinal Blanca Vein – Creston Target
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Esquilache – Ag/Au
South Zone – Mamacocha Target – Potential Elvira/Ivet Pit
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Mamacocha Vein
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Esquilache – Ag/Au
Local Geology
South Zone (Mamacocha)
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North Zone (Creston)
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Esquilache – Ag/Au
Drill Holes ESH-24, 27 & 30
ESH-24-2011 Ivet/Elvira Vein 102.00-124.00 m
22 m at 1.93g/t Au, 348.36g/t Ag
ESH-30-2011 Ivet/Elvira Vein 188.15-191.10 m
2 m at 0.11g/t Au, 254.50g/t Ag
Ag g/t
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Open Pit
Model
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Esquilache – Ag/Au
Surface Sampling
• Au: 20 samples > 1 g/t,
• 2 samples > 2 g/t,
• 3 samples > 5 g/t
• Ag: 101 samples > 60 g/t,
• 52 samples >120 g/t,
• 32 samples > 200 g/t
• Pb: 84 samples > 1%,
• 50 samples > 2%,
• 26 samples > 3%,
• Zn: 101 samples > 1%,
• 73 samples > 2%,
• 41 samples > 3%
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Significant Results – 132 Samples:
 1,147.00 g/t Ag, 1.40% Cu, 28.05% Pb
and 16.67% Zn across 3.30 metres
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Pucara - Au/Cu
Katy Vein
Buried Porphyry Cu?
Gladys Vein
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Mina de Plata
Looking north
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Pucara – Au/Cu
Project Overview
 Located in a major structural corridor
 22 DDH completed to date
 Work to date totals $3 million
 Previous operator (Miski Mayo)
conducted a geophysical survey (IP,
ground magnetics) and completed
eight DDH holes
 Known mineralized vein structures
with base metal values
 Significant depth potential on veins +
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 1,662 ha
potential porphyry mineralization
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24
Pucara – Au/Cu
Drill Program
DRILLHOLE
FROM
TO
WIDTH
Au PPM
Ag PPM
Cu%
Pb%
Zn%
PUC-001-06
13.40
14.35
0.95
1.58
<10
0.55
<0.01
0.02
Zone
Gladys Sur
PUC-002-06
84.00
89.60
5.60
1.06
<10
2.50
<0.01
0.06
Gladys Vein
PUC-007-06
75.40
94.40
19.00
0.08
<10
0.04
4.51
0.08
Lucero Vein
PK-004-07
69.85
72.55
2.70
2.99
<10
0.82
0.02
0.02
Santo Tomas Vein
PK-005-07
151.15
155.35
4.20
0.15
<10
1.09
0.01
0.01
PK-006-07
207.10
210.75
3.65
1.97
<10
1.24
0.01
0.02
PK-007-07
86.30
87.30
1.00
6.21
4.30
1.05
0.007
0.02
PK-008-07
23.10
34.70
11.60
0.22
4.01
0.98
0.04
0.04
Gladys Sur
Gladys Sur
Gladys Vein
Gladys Vein
PK-010A-07
63.10
66.10
3.00
2.90
2.60
0.82
0.012
0.01
Manganeso Zone
PK-011-07
115.15
119.15
4.00
3.04
<10
0.31
0.06
0.05
Katy Vein
PK-012A-07
50.50
58.55
6.85
2.65
<10
0.07
0.01
0.02
Lucero Vein
PK-015A-07
76.60
80.00
3.40
0.54
<10
0.06
0.06
0.03
Lucero Vein
PK-017-07
142.70
146.20
3.50
0.36
7.37
1.60
0.71
0.08
Lucero Vein
PK-018-07
119.49
134.40
14.92
0.23
18.66
0.19
8.30
0.07
Lucero Vein
PK-019A-07
45.00
47.50
0.85
0.01
<10
0.03
4.89
0.09
Lucero Vein
PK-020-07
104.95
106.40
1.45
0.02
95.31
0.36
2.55
0.60
PK-020A-07
57.00
58.30
1.70
0.04
36.29
0.47
14.14
0.25
Mina de Plata
Mina de Plata
PK-022-11
48.90
52.90
4.00
1.18
0.90
0.01
0.20
0.30
Lucero Vein
Significant
underground
sample
results
Sample
380
381
389
390
391
393
397
1501
1517
1525
1531
1532
1542
1544
1553
1556
1559
Width
1.50
1.70
1.16
1.50
2.10
1.56
2.00
1.70
1.70
2.00
1.33
1.34
0.90
1.70
1.10
1.10
1.10
Au PPM
2.07
13.94
2.66
6.21
1.39
3.39
12.18
3.41
3.02
3.58
5.00
3.50
4.15
4.84
3.39
4.93
3.23
Ag PPM
10.30
6.40
7.30
12.30
15.20
15.70
10.10
5.10
5.60
14.20
2.70
4.60
10.60
22.70
20.90
15.10
19.20
Cu %
5.66
5.07
3.34
4.74
13.00
2.74
7.62
2.71
1.71
2.30
1.22
0.60
1.92
1.91
6.51
3.55
3.33
Pb %
0.10
0.04
0.56
0.67
0.46
0.87
0.23
0.25
0.24
0.57
0.17
0.15
0.55
0.77
0.88
1.53
2.39
Zn %
0.08
0.08
0.11
0.12
0.10
0.17
0.13
0.07
0.11
0.09
0.03
0.04
0.10
0.05
0.09
0.22
2.38
1107
1.10
1163
1.60
0.30
<10
2.07
0.03
0.03
1.26
3.47
1.19
0.01
1164
0.02
1.30
2.54
<0.3
0.12
0.001
0.02
1166
1.60
2.28
2.87
1.26
0.004
0.03
1167
1.30
0.63
5.51
0.84
0.002
0.03
1168
1.65
10.88
9.69
2.82
0.03
0.03
1170
1.75
1.57
3.77
2.25
0.03
0.03
1180
1.20
4.27
2.08
0.03
0.00
0.02
1254
2.00
2.56
< 20
1.91
0.28
0.20
1256
2.10
1.48
< 20
2.51
0.07
0.02
1258
2.15
1.48
< 20
2.45
0.11
0.03
Zone
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Gladys Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
Katy Vein
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Significant DDH Intersections
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Pucara – Au/Cu
Exploration Plans
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Granja Nueva – Au/Cu
Northern Peru – Next to World Class Deposit – La Granja
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Granja Nueva – Au/Cu
Idealized Geological Model
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JR 24 – Epithermal Veins
Pucacocha Area
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Vein System
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Masma Project
Regional Context
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Azulcocha East – Zn
Near Mine Exploration
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Azulcocha East – Zn
Near Mine Exploration
DDH No.
B4
B5
B6
B7
B8
From (m)
To (m)
Length (m)
86.45
89
2.55
92
96
89
92
Zn %
Mn %
3.0
7.36
7.90
4.0
9.00
10.50
4.25
6.69
86.45
96
9.6
7.22
8.67
73
74
1.0
3.45
7.00
78
80
74
78
4.0
11.40
8.10
2.0
9.30
8.00
73
80
7.0
9.66
7.91
96
98
2.0
6.60
10.00
98
100
2.0
11.50
8.60
9.00
8.66
100
108.5
8.5
96
108.5
12.5
9.02
8.86
87.3
90
2.7
4.90
6.00
92
98
6.0
8.70
7.90
90
92
2.0
8.20
7.30
87.3
98
10.7
7.65
7.31
101
102
1.0
3.20
6.60
103
104.5
1.5
6.20
7.20
101
104.5
3.5
4.57
6.54
102
103
1.0
Lengths included are core lengths - not true widths.
3.50
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Azulcocha East Significant DDH Intersections
5.50
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Uranium Assets
15,000 Hectares
 Partner with Cameco Corporation, world’s second largest uranium
producer with average sales of 31.8 million pounds U308
 Five drill programs have been undertaken on the Corporation’s uranium
properties and a 43-101 completed
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 15,000 hectares located in southern Peru
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Uranium Assets
Joint Venture with Cameco
 Cameco has the option to increase its
ownership to 60% by completing a
feasibility study and to 70% by
initiating mine development
 Future investment in uranium in Peru –
including acquisition of additional
uranium interests by either party – will
be made through Minergia
 Vena is the operator of the joint
venture company in Peru
2012 Resource Summary - U308
Measured
5,691,588 lb
Indicated
12,525,199 lb
Inferred
17,422,031 lb
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Minergia SAC
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Uranium Assets
Macusani Region – Technical Work Completed
completed during 2006 to
2008
 12,316 metres of DDHs
completed during 2009
and 2010
 11,109 metres of DDHs
completed during 2011
 2013 work plans being
developed
 NI 43-101 resource
estimate filed on SEDAR.
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 Property - 4,900 hectares
 Uranium in ignimbrites
 14,534 metres of DDHs
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9
Canada: VEM | Peru: VEM | Germany: V1RA | US: VNARF
Awards for Social Responsibility and Environmental Leadership
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