Exploring for the next discovery in Peru

Transcription

1 Canada: VEM Peru: VEM Germany: V1RA US: VNARF Exploring for the next discovery in Peru [e]: [w]: Adelaide Street West, Suite 1010 Toronto, Ontario, Canada M5H 3P Av. Jose Pardo # 601, Of Miraflores, Lima, Peru

2 Regulatory Disclaimer 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 2

3 Vena at a Glance Corporate Objective and Market Facts Vena is a Canadian mining company focused on the exploration and development of 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: Market Capitalization: Cash Position (December 1, 2012): Canada: TSX:VEM Peru: BVL: VEM Germany: V1RA USA: VNARF $12 million $2 million Shares Outstanding: 62,300,823 Fully Diluted: 69,686,780 Management Ownership: 5% Institutional Ownership: 22% 3

4 Portfolio of Assets 50,000 Hectares 4

5 Board of Directors Extensive Mining, Capital Markets and Local Knowledge Juan Vegarra, Chairman, CEO & Founder - Juan Vegarra is a native of Peru and continues to foster his 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. 5

6 Board of Directors continued Extensive Mining, Capital Markets and Local Knowledge Jose Roberto Romaña Letts - Jose Roberto Romaña Letts, a native of Peru has a long history and strong ties 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, He has a Masters Degree in Mineral Exploration and is an active member of many mining and professional organizations. 6

7 Management Team Solid Team with Strong Mining Experience David Bent, General Manager, Peru and Vice President, Exploration David Bent has over 30 years of 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. 7

8 Management Team Solid Team with Strong Mining Experience Miguel Sanchez, Technical Manager Mr. Sanchez has over 10 years of mining experience in base and 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. 8

9 Esquilache Ag/Au Historical High Grade Silver Mine 9

10 Esquilache Ag/Au Historical Silver Mine 1,000 ha located in the 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 completed 10 10

11 Esquilache Ag/Au Historical Silver Mine 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 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: g/t Ag g/t Au over 2.0 metres g/t Ag over 5.0 metres g/t Ag over 2.0 metres g/t Ag g/t Au over 2.8 metres g/t Ag g/t Au over 2.0 metres 11 11

12 Esquilache Ag/Au Idealized Section of the San Antonio Caldera 12

13 Esquilache Ag/Au Structures and Intrusives South Zone: Mamacocha Target North Zone: Creston Target 13 13

14 Esquilache Ag/Au Historical Silver Mine Resources Certification by QP (High Quality work) Systematic sampling and short drilling on vein 14

15 Esquilache Ag/Au Potential Resources / Reserves from old Waste Dumps Victoria B Dump Tasks being performed: Systematic backhoe sampling Metallurgical tests Preliminary mining plans Azufrada Dump Nv.06 Victoria Vein Dump 15

16 Esquilache Ag/Au North Zone Creston Target Potential Sepulveda Pit 16

17 Esquilache Ag/Au North Zone Creston Target Potential Sepulveda Pit 8-11 Oz/t Ag <8 Oz/t Ag <8 Oz/t Ag Sepulveda Vein >11 Oz/t Ag 17

18 Esquilache Ag/Au Historical Section of Blanca Vein Underground Workings Longitudinal Blanca Vein Creston Target 18

19 Esquilache Ag/Au South Zone Mamacocha Target Potential Elvira/Ivet Pit Mamacocha Vein 19

20 Esquilache Ag/Au Local Geology North Zone (Creston) South Zone (Mamacocha) 20 20

21 Esquilache Ag/Au Drill Holes ESH-24, 27 & 30 ESH Ivet/Elvira Vein m 22 m at 1.93g/t Au, g/t Ag Open Pit Model Ag g/t ESH Ivet/Elvira Vein m 2 m at 0.11g/t Au, g/t Ag 21

22 Esquilache Ag/Au Surface Sampling Significant Results 132 Samples: 1, g/t Ag, 1.40% Cu, 28.05% Pb and 16.67% Zn across 3.30 metres 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% 22

23 Pucara - Au/Cu Mina de Plata Katy Vein Gladys Vein Buried Porphyry Cu? Looking north 23 23

24 Pucara Au/Cu Project Overview 1,662 ha 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 + potential porphyry mineralization 24 24

25 Pucara Au/Cu Drill Program Significant underground sample results Significant DDH Intersections DRILLHOLE FROM TO WIDTH Au PPM Ag PPM Cu% Pb% Zn% Zone PUC < < Gladys Sur PUC < < Gladys Vein PUC < Lucero Vein PK < Santo Tomas Vein PK < Gladys Sur PK < Gladys Sur PK Gladys Vein PK Gladys Vein PK-010A Manganeso Zone PK < Katy Vein PK-012A < Lucero Vein PK-015A < Lucero Vein PK Lucero Vein PK Lucero Vein PK-019A < Lucero Vein PK Mina de Plata PK-020A Mina de Plata PK Lucero Vein Sample Width Au PPM Ag PPM Cu % Pb % Zn % 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 25 25

26 Pucara Au/Cu Exploration Plans 26 26

27 Granja Nueva Au/Cu Northern Peru Next to World Class Deposit La Granja 30 27

28 Granja Nueva Au/Cu Idealized Geological Model 28 28

29 JR 24 Epithermal Veins Pucacocha Area Vein System 29

30 Masma Project Regional Context 30

31 Azulcocha East Zn Near Mine Exploration 31

32 Azulcocha East Zn Near Mine Exploration Azulcocha East Significant DDH Intersections DDH No. From (m) To (m) Length (m) Zn % Mn % B B B B B Lengths included are core lengths - not true widths. 32

33 Uranium Assets 15,000 Hectares 15,000 hectares located in southern Peru Partner with Cameco Corporation, world s second largest uranium producer with average sales of 31.8 million pounds U Five drill programs have been undertaken on the Corporation s uranium properties and a completed 33

34 Uranium Assets Joint Venture with Cameco Minergia SAC 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 Indicated Inferred 5,691,588 lb 12,525,199 lb 17,422,031 lb 34 7

35 Uranium Assets Macusani Region Technical Work Completed Property - 4,900 hectares Uranium in ignimbrites 14,534 metres of DDHs completed during 2006 to ,316 metres of DDHs completed during 2009 and ,109 metres of DDHs completed during work plans being developed NI resource estimate filed on SEDAR. 35 9

36 Canada: VEM Peru: VEM Germany: V1RA US: VNARF Awards for Social Responsibility and Environmental Leadership 36