The Macusani project is held by Minergia SAC, a uranium exploration company jointly owned by Vena and Cameco Corp.

A total of approximately 4,000m of diamond drilling has been completed to date including 16 holes at the Isivilla prospect and 11 holes at the Tantamaco prospect.

The drilling at Tantamaco has extended the higher grade zone around hole TA-2010-79 (54m of 1.4 lbs/t U3O8; including 9.7m of 5.9lbs/t U3O8) 300m to the west and 150m to the south.

Vena said that at the Isivilla target, uranium mineralization increased progressively to the northwest through current drilling.

An additional hole is now being drilled in this direction, after which the drill will move to Tantamaco to accelerate the resource expansion program.

The current plan is to continue expanding the zone to the south with a series of holes spaced at 100m x 100m intervals.