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 2 HUNTING FOR ELEPHANTS IN ELEPHANT COUNTRY In Close Proximity to Buenaventura’s Chucapaca Deposit 28 rom f s km CANADA – TSX : VEM | PERU – BVL : VEM cap u h C ac osit p e aD 3 33 ESQUILACHE PROJECT – AG-PB-ZN High Grade Silver Deposit • • • 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 4 AWARDS FOR SOCIAL RESPONSIBILITY AND ENVIRONMENTAL LEADERSHIP CANADA – TSX : VEM | PERU – BVL : VEM 55 VENA AT A GLANCE • Recent acquisition of Forrester Resources Corp. completed: • • • • • • 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 • • • • • New shareholders Lower overhead = increased exploration spending • • • 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 6 66 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 7 67 ESQUILACHE PROJECT – AG-PB-ZN High Grade Project Ready for Drilling • New drilling to focus on north and south zones • Work to date: • • • North Zone: Creston Target 2,378 surface geochemical samples 431 underground samples 31 surface DDH holes (5,710 metres) • 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 • Previously mined from 1950 to 1962 by Hochschild CANADA – TSX : VEM | PERU – BVL : VEM South Zone: Mamacocha Target 888 ESQUILACHE PROJECT – AG-PB-ZN Exploration Results to Date • 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 • Horsetail nature of high grade veins suggests possible open pit operation • 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 999 $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 * 91,214,809 5,000,000 96,214,809 $750,000 CONVERTIBLE DEBENTURE FINANCING • • • • • • • 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 10 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 11 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 • Two contiguous mining concessions of ~1,050 ha - drill ready with multiple targets • • 100% ownership • • Evidence of porphyry Cu-Au, epithermal Au-Ag and polymetallic vein Ag-Cu-Pb-Zn mineralization styles Only eight shallow RC holes drilled • most holes returned wide intersections with significant Au, Ag and base metals values led into edge of porphyry • one hole returned over 100 metres of 39g Ag, 0.2g Au, and 1.6% Zn • 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 13 13 13 LAS PRINCESAS Major Mine Neighbours NEARBY MINES: • Quiruvilca Mine’s Northern Zone operations located 1 km to south of property (formerly PAA’s now Southern Peak Mine) • Barrick’s Lagunas Norte mine 3 km to east (+7M oz Au) • 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 14 14 14 LAS PRINCESAS Exploration – CSAMT L3200N Several untested drill target areas identified and Forrester geophysics survey identified new targets • 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 • 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 • 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? • 15 15 15
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