KODE PPC ANDA
Valencia Ventures Inc. has commenced the first phase of its 2007 exploration program to expand the existing resource at the Cachinal Silver-Gold Project in northern Chile. The exploration program will focus on four immediate target areas of potential mineralization with a 2,500 metre reverse circulation (RC) drill campaign. Valencia's board of directors approved the C$2.0 million exploration program and the Company intends to fund the expenditures from its cash on hand and investments.
The program is designed to drill potential mineralized extensions stepping out from the mineral resource delineated in 2006 and announced in the press release dated February 19, 2007 as follows:
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