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   | |  Cachinal click to enlarge
Valencia Ventures Inc. reported (News release May 1, 2007) that significant high grade silver was intersected within broad zones of silver-gold-zinc mineralization on the Cachinal property in Chile. The mineralization is located on a part of Valencia's extensive land package which lies north of claims they have optioned from Atna. Valencia may earn a 70 percent interest in the Atna claims by fulfilling work obligations and making certain cash payments. Atna retains a right to participate to the extent of a 30% interest in its part of the property, if Valencia completes the earn-in requirements. Historic silver deposits and mines are found from Region I to Region III. Some of the larger deposits include; Choquelimpie & Challacollo (Region I), Caracoles, Faride, San Cristobal, Cachinal de la Sierra, El Soldado (Region II), and Chañarcillo (Region III). The belt is also noted for a number of significant gold deposits, including El Peñon and Guanaco. Atna has assembled an 18 square kilometre land package, comprising 6 contiguous 300 hectare claim blocks. Discovery potential exists for large, low cost epithermal gold, gold-silver, and silver deposits. For more information please visit the Valencia website at www.valenciaventures.com Celeste Atna has a 100% interest in the Celeste claims in northern Chile. The claims cover sulphide mineralization along strike from the Cerro Negro deposit. Several drill intercepts indicate good potential for a sulphide deposit of 2 to 5 million tons possibly grading over 2% copper and 0.2 grams per ton gold. Celeste is leased to Coro Mining Corp. for annual payments to Atna. | |
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