7 Oct 2013 09:11
Herencia Resources plc
("Herencia" or "the Company")Company and Project Update
· OZ Minerals starts work program at Guamanga
· Early Picachos field work looks promising
· Paguanta EIS work continues
· Notification of shareholding
Herencia Resources plc (AIM:HER), the Chile-focussed mineral exploration and development Company, is pleased to advise the following update in relation to the ongoing work programs and activities in Chile.
At the Guamanga Project OZ Minerals, our JV partner and one of Australia's largest copper producers, has commenced fieldwork with a geophysical survey program. A review of initial field data is underway with results expected shortly.
At the Picachos Project, assays from the first round of field work are being received and collated and results are anticipated for release to the market shortly. Early field work evaluation looks very promising.
At the Paguanta Project, work related to the Environmental Impact Statement ("EIS") process continues including advancing both community consultation and water access work.
The Company also advises that Nyrstar's shareholding remains unchanged at 194,099,734 ordinary shares in Herencia Resources plc which represents 9.64% of the total number of shares in issue and 9.64% of the voting rights in the Company. Herencia's Managing Director Graeme Sloan has invited Nyrstar to retain their Board representation which they have accepted.
For further information, please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell, WH Ireland Limited +44 161 832 2174
Simon Courtenay, Broker Profile +44 207 448 3244
Further background details on the Company can be found at www.herenciaresources.com
**ENDS**