investing in peru for the long term

Transcription

investing in peru for the long term
INVESTING IN PERU FOR THE LONG TERM
Mine Latin America - November 4, 2014
FORWARD LOOKING STATEMENTS
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.
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.
CANADA – TSX : VEM | PERU – BVL : VEM
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HUNTING FOR ELEPHANTS IN ELEPHANT COUNTRY
In Close Proximity to Buenaventura’s Chucapaca Deposit
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CANADA – TSX : VEM | PERU – BVL : VEM
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ESQUILACHE PROJECT – AG-PB-ZN
High Grade Silver Deposit
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28 km south and directly adjacent and along strike to Buenaventura’s Chucapaca deposit
High grade silver, lead, zinc mineralization occurs in veins in two zones
Previous operating mine - accessible by road with available power
CANADA – TSX : VEM | PERU – BVL : VEM
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AWARDS FOR SOCIAL RESPONSIBILITY AND ENVIRONMENTAL LEADERSHIP
CANADA – TSX : VEM | PERU – BVL : VEM
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VENA AT A GLANCE
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Recent acquisition of Forrester Resources Corp. completed:
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Key management personnel – Martin Walter, President
and Director and Dennis Gibson, CFO
Four projects (Esquilache, Las Princesas, Pucara and
Azulcocha West) and one option agreement (Omay)
Focus on Esquilache project
1,000 metre drilling program underway
NI 43-101 compliant resource estimate Q1 2015
Main board listed
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New shareholders
Lower overhead = increased exploration spending
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Infusion of $650,000 in capital at 11.5¢ cents per share
TSX trading symbol VEM
82,612,803 shares outstanding
91,214,809 fully-diluted
Also listed on Peru and German Stock Exchange
Significant shareholder of YEL and AAZ
CANADA – TSX : VEM | PERU – BVL : VEM
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ESQUILACHE PROJECT – AG-PB-ZN
In Close Proximity to Buenaventura’s Chucapaca Deposit
Ground geophysics connects both zones with
continuous chargeability anomaly
CANADA – TSX : VEM | PERU – BVL : VEM
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ESQUILACHE PROJECT – AG-PB-ZN
High Grade Project Ready for Drilling
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New drilling to focus on
north and south zones
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Work to date:
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North Zone:
Creston Target
2,378 surface
geochemical samples
431 underground
samples
31 surface DDH holes
(5,710 metres)
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Trenching on Sepulveda
vein undertaken over
450 metres with
traverse sampling at 25
metre intervals – best
section assayed 10 opt
Ag across a vein width of
8 metres
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Previously mined from
1950 to 1962 by
Hochschild
CANADA – TSX : VEM | PERU – BVL : VEM
South Zone:
Mamacocha Target
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ESQUILACHE PROJECT – AG-PB-ZN
Exploration Results to Date
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Significant drill results (true width) include:
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977.0 g/t Ag + 4.88 g/t Au over 2.0
metres
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506.0 g/t Ag over 5.0 metres
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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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Horsetail nature of high grade veins suggests
possible open pit operation
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Metallurgical testing of the Sepulveda and
Elvira veins plus the dumps produced three
saleable products: Silver - Lead Concentrate,
Zinc - Silver Concentrate and Copper-Gold
Concentrate
CANADA – TSX : VEM | PERU – BVL : VEM
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$750,000 DEBENTURE - USE OF PROCEEDS
Exploration focused use of proceeds:
•  Drilling contract signed
•  Pad construction completed
•  Drilling scheduled to begin in November
Proceeds from $750,000 convertible debenture financing will be used:
•  To continue exploration program
•  National Instrument 43-101 compliant resource estimate Q1 2015
•  For general working capital purposes
CAPITALIZATION
Current common shares outstanding
82,612,803
Options
5,317,500
Warrants (exercisable at $.13 until September 2016)
3,284,506
Fully-diluted shares outstanding
$750,000 Convertible Debenture Financing *
Total fully-diluted post current financing
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91,214,809
5,000,000
96,214,809
$750,000 CONVERTIBLE DEBENTURE
FINANCING
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Accredited Investors
Unsecured
Up to $750,000
Interest at 12% per annum; payable
quarterly in cash or in common
shares calculated using the five-day
VWAP
Two year term
Conversion price - $0.15 per
Common Share
Acceleration if the common shares
trade at $0.30 for 20 consecutive
days
Does not include conversion of interest to common shares
CANADA – TSX : VEM | PERU – BVL : VEM
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MANAGEMENT & DIRECTORS
Extensive Mining, Capital Markets and Local Knowledge
JUAN VEGARRA, Chairman, CEO ● Founder of Vena ● Seasoned Peruvian businessman with significant local
contacts in the Peruvian government and mining industry ● Strong management skills with an engineering and
marketing background ●
MARTIN WALTER, MBA, BSc (Geology), President and Director ● 20+ years of operational and international
mineral and mine development experience ● Former President of Forrester Resources Corp. ● Director,
President, CEO, Treasury Metals Inc. ● Former Director, Executive VP, Aquiline Resources Inc. ●
DENNIS GIBSON, Chief Financial Officer ● 30+ years of financial services and mining related accounting
experience ● Current CFO, Treasury Metals Inc. and Laramide Resources Ltd. ● Former CFO, Aquiline
Resources Inc. and Vector Intermediaries Inc. ● Bachelor of Commerce, Concordia University; Certified
General Accountant ●
SILVIA DEDIOS, General Manager, Peru Operations ● 20+ years of finance and administration experience in
Peru mining industry ● Strong political connections ● MBA and advanced degree in Finance ●
JOHN CLARKE, Director(1*) ● 35 years experience in energy and capital markets ● Director of a number of
junior public and private companies ●
ANDRE GAUTHIER, Director(1) ● 30+ years experience in mining exploration industry ● Current President of
Goldbank S.A.C. ● Director and former President, Lara Exploration Ltd. ● Director, Peruvian Mining Society;
President, Peru Foreign Investment Committee; Director, Canada Peru Chamber of Commerce ●
MIGUEL GRAU, Director(1) ● Well respected Peruvian lawyer ● Director, Bear Creek Mining ●
ROBERTO DE ROMANA LETTS, Director ● Peruvian businessman ● Director, Volcan Compania Minera S.A.A. ●
(1) Member of the Audit Committee; * Chair
CANADA – TSX : VEM | PERU – BVL : VEM
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TORONTO:
130 King Street West, Suite 3680
Toronto, Ontario, Canada M5X 1B1
+1 416 364 7739
venaresources.com
PERU:
Av. Arequipa 4130, Of. 901
Miraflores, Lima 18, Peru
+51 1 717 7107
LAS PRINCESAS
Located in Significant Belt of Base and Precious Metals
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Two contiguous mining concessions of ~1,050
ha - drill ready with multiple targets
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100% ownership
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Evidence of porphyry Cu-Au, epithermal Au-Ag
and polymetallic vein Ag-Cu-Pb-Zn
mineralization styles
Only eight shallow RC holes drilled
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most holes returned wide intersections
with significant Au, Ag and base metals
values led into edge of porphyry
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one hole returned over 100 metres of 39g
Ag, 0.2g Au, and 1.6% Zn
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all holes were mineralized - significant
alteration at surface and at depth
Excellent infrastructure: all-weather highway
access within 8 km of the property, airport
and telecommunications
CANADA – TSX : VEM | PERU – BVL : VEM
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LAS PRINCESAS
Major Mine Neighbours
NEARBY MINES:
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Quiruvilca Mine’s
Northern Zone
operations located 1 km
to south of property
(formerly PAA’s now
Southern Peak Mine)
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Barrick’s Lagunas Norte
mine 3 km to east (+7M
oz Au)
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Rio Alto’s La Arena gold
mine 20 km to the
northeast
Barrick Airstrip
Quiruvilca workings in
Codiciada Area - North
Production Zone, trend
onto Las Princesas
DISCLAIMER : Las Princesas Project is to be distinguished from any neighboring or adjacent properties and no representation is made
or implied that it will have similar geology or mineralization as such other adjacent properties.
CANADA – TSX : VEM | PERU – BVL : VEM
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LAS PRINCESAS
Exploration – CSAMT L3200N
Several untested drill target areas
identified and Forrester geophysics
survey identified new targets
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Application for permits will be made
and subject to receipt of permits
and additional funding, a two phase
program of 10,000 metres (Phase 1 –
3,000M) will be completed with
some targets as deep as 600 metres
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Previous drilling (eight shallow RC
holes) intersected wide zones of
strongly anomalous gold-silvercopper-lead-zinc mineralization several of the holes bottom in
mineralization and increased in
strength
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Significant alteration at surface and
at depth has been inadequately drill
tested
CANADA – TSX : VEM | PERU – BVL : VEM
Perched Water Table in Valley?
Or Conductive Sediments?
Water Table?
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