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Drilling Successfully Completed at Guamanga

22 Mar 2012 07:00

RNS Number : 8042Z
Herencia Resources PLC
22 March 2012
 



Herencia Resources plc

 

("Herencia" or the "Company")

·; Drilling Successfully Completed at Guamanga

·; Continued High Grade Assay Results at Paguanta

·; High Grades confirmed from deep hole in Cathedral Vein

Highlights:

·; Drilling program successfully completed at the Guamanga Project

·; High grade zinc, silver and lead results continue to be returned from the Paguanta Project (Patricia)

·; High grade intersections confirmed at depth in the Cathedral Vein at Paguanta

·; Best intersections include:

o 7m at 7.0% zinc, 2.6% lead and 122g/t silver from 73m in PTDD098

o including 4m at 10.3% zinc, 3.4% lead and 159g/t silver

o 3m at 5.8% zinc, 2.2% lead and 160g/t silver in PTDD105 from 102m

o 7m at 5.4% zinc, 1.7% lead and 77g/t silver in PTDD109 from 231m

o 6.1m at 8.9% zinc, 3.4% lead and 205g/t silver in PTDD109 from 258m

Herencia Resources is pleased to advise that the drilling program at the Guamanga Project has been successfully completed on time and on budget. Six diamond holes were drilled on three targets for a total of approximately 1,500m during this program, with hole depths ranging from approximately 100m to 521m. Drilling results are anticipated by early May 2012.

The Company is also pleased to advise of further high grade drill assay results in relation to its Paguanta Project (Herencia 70% owner) in northern Chile:

PTDD098 - successfully intersected the Camp Vein and returned a high grade intersection (with further assay results pending) of:

·; 7.0m at 7.0% zinc, 2.6% lead and 122g/t silver from 73m including

4.0m at 10.3% zinc, 3.4% lead and 159g/t silver

PTDD104 - targeting eastern extensions to the Cathedral Vein, returned a best intersection of:

·; 3m at 3.2% zinc, 2.9% lead and 133g/t silver from 119m

PTDD105 - this hole, targeting the Cathedral Vein, successfully intersected a broad 10m wide zone of mineralisation with a high grade core of :

·; 3m at 5.8% zinc, 2.2% lead and 160g/t silver from 102m

PTDD109 - was successful in confirming high grades in one of the deepest parts of the Cathedral Vein drilled to date with best intersections including:

·; 7m at 5.4% zinc, 1.7% lead and 77g/t silver from 231m; and

·; 6.1m at 8.9% zinc, 3.4% lead and 205g/t silver from 258m

All significant intersections returned to date from this drilling program are presented in Appendix 1. It is anticipated all assay data from the 2011 Patricia drilling program will be returned in April 2012, allowing an updated Mineral Resource Estimate to be published in May 2012.

Herencia's Managing Director Michael Bohm commented "Our team continues to advance both our Projects in Chile. The results from the Guamanga deep drill program will start coming through in April and we look forward to obtaining those results. Completion of this drill program also sees us achieve our drill metreage milestone for Year One of the Project, under the terms of our earn-in Agreement with our joint-venture partner.

At our Paguanta Project, it is also great to see high grade assay results continuing to flow. What is particularly pleasing is the high zinc, silver and lead assay grades returned from PTDD109 over mining widths favourable for mechanised mining/stoping (in this case 6 to 7m down hole widths). This hole is located in one of the deeper parts of the current resource and is one of the deepest holes drilled into the Cathedral Vein. The Cathedral Vein now extends from surface to depths in excess of 250m. We believe the high grades achieved in hole PTDD109 bode well for the potential for future high grade extensions at Patricia - a theme we keep coming back to given the speculation regarding the potential future supply outlook for zinc."

For further information, please contact:

Michael Bohm, Herencia Resources plc +61 8 9481 4204

Katy Mitchell, WH Ireland Limited +44 161 832 2174

Simon Courtenay, Broker Profile +44 207 448 3244

References in this announcement to exploration results and potential have been approved for release by Mr Michael Bohm (BAppSc Mining Engineering WASM) and Mr Antonio Valverde (Bsc Geology Universidad Complutense de Madrid), both with more than 15 years' relevant experience in the field of activity concerned. Mr Bohm is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bohm and Mr Valverde have consented to the inclusion of the material in the form and context in which it appears.

Appendix 1 - Assay Results from 2011 Patricia Drilling:

(All widths stated are down-hole intersections)

Hole ID

Easting

Northing

Dip/Az.

(degrees)

From

(m)

To

(m)

Width

Down-hole

(m)

Zinc

Grade

(%)

Lead

Grade

(%)

Silver

Grade

(g/t)

Gold

Grade

(g/t)

PTDD059

494942

7809421

-50/095

113.07

115.05

1.98

0.60

0.20

23

0.52

PTDD060

494942

7809421

-65/085

98.50

99.50

1.00

0.80

0.90

107

0.01

129.50

131.00

1.50

0.62

0.28

27

0.01

PTDD061

494310

7809812

-45/176

35.50

37.50

2.00

2.24

0.41

36

0.05

45.00

49.95

4.95

1.83

1.22

114

0.11

PTDD063

494224

7809663

-54/179

142.00

143.00

1.00

1.07

0.16

10

0.05

202.00

204.40

2.40

7.07

1.54

72

0.19

PTDD064

494250

7809755

-47/310

30.00

34.00

4.00

2.42

0.33

40

0.13

PTDD065

494227

7809782

-45/149

34.00

43.50

9.50

3.48

3.00

103

0.20

including 1.00m @ 7.05% Zn, 6.77% Pb, 247g/t Ag and 0.30g/t Au from 34m

and 1.00m @ 13.30% Zn, 6.20% Pb, 228g/t Ag and 1.12g/t Au from 42.5m

52.50

57.00

4.50

5.55

2.54

120

0.18

PTDD066

494298

7809692

-50/185

68.00

70.00

2.00

3.10

0.71

89

0.11

189.20

193.00

3.80

1.38

0.16

18

0.06

PTDD067

494219

7809835

-45/313

21.00

52.50

31.50

1.96

0.05

26

0.02

including 2.00m @ 4.20% Zn, 0.17% Pb and 4.2g/t Ag from 43.5m

PTDD068

494384

7809693

-48/187

61.00

62.00

1.00

1.5

0.2

17

0.05

64.50

68.50

4.00

5.2

1.9

94

0.21

80.50

81.50

1.00

1.6

0.05

10

0.02

126.00

127.50

1.50

1.9

1.4

95

0.18

178.00

179.00

1.00

1.8

0.3

16

0.05

PTDD069

494353

7809600

-53/194

90.00

91.00

1.00

1.6

0.1

17

0.24

138.00

139.00

1.00

2.37

0.65

35

0.26

171.00

172.00

1.00

1.4

0.9

40

-

173.00

174.00

1.00

1.8

0.3

17

0.03

191.00

192.00

1.00

2.78

0.19

16

0.05

197.00

205.00

8.00

3.33

0.69

43

0.15

including 2.00m @ 7.79% Zn, 1.32% Pb, 103g/t Ag & 0.34g/t Au from 203m

PTDD070

494353

7809669

-48/172

142.00

143.00

1.00

2.51

0.28

15

0.03

PTDD072

494657

7809652

-50/201

149.20

149.90

0.70

2.4

1.0

83

0.42

165.00

170.00

5.00

2.4

0.9

80

0.16

175.00

176.00

1.00

3.0

0.8

87

0.67

188.90

189.55

0.65

1.5

2.5

186

0.54

PTDD073

494550

7809600

-54/180

43.00

47.00

4.00

0.9

5.2

237

0.16

100.00

101.00

1.00

4.0

0.4

34

0.2

115.00

116.00

1.00

2.4

4.7

278

-

138.00

141.00

3.00

4.5

2.5

133

0.50

181.90

188.00

6.10

3.1

1.0

77

0.18

241.00

261.00

20.00

3.0

1.4

80

0.08

including 6.00m @ 5.9% Zn, 2.6% Pb, 144g/t Ag and 0.12g/t Au from 253m

PTDD074

494400

7809600

-58/180

24.00

27.00

3.00

2.42

0.80

88

0.08

165.90

173.40

7.50

9.05

1.95

103

0.21

Incl. 3.70m @ 13.60% Zn, 2.13% Pb, 126g/t Ag & 0.28g/t Au from 169.7m

193.00

196.00

3.00

3.09

1.01

52

0.05

including 1.00m @ 6.62% Zn, 1.88% Pb, 99g/t Ag and 0.10g/t Au from 193m

PTDD075

494600

7809544

-60/180

54.00

58.00

4.00

2.8

1.4

120

0.13

82.00

83.00

1.00

4.1

1.9

112

0.16

89.00

90.00

1.00

2.5

0.8

62

0.2

216.80

220.50

3.70

2.92

1.53

73

0.10

including 1.15m @ 6.0% Zn, 3.08% Pb, 142g/t Ag and 0.21g/t Au

271.00

272.00

1.00

1.7

0.9

48

0.07

PTDD076

494309

7809668

-45/180

40.00

41.00

1.00

6.0

2.7

997

0.15

226.00

227.10

1.10

3.1

0.7

25

0.04

227.90

229.00

1.10

1.4

0.3

16

0.04

PTDD080

494600

7809544

-45/180

21.00

22.00

1.00

-

-

64

0.41

92.50

93.70

1.20

-

-

14

0.24

173.00

183.00

10.0

1.25

0.58

40

0.07

including 2.00m @ 2.1% Zn, 1.0% Pb, 62g/t Ag and 0.14g/t Au

252.50

253.25

0.75

1.18

0.62

48

0.02

PTDD081

494287

7809800

-62/192

85.50

90.10

4.60

3.70

1.8

473

0.32

including 1.5m @ 4.80% Zn, 2.3% Pb, 887g/t Ag and 0.69g/t Au from 85.5m

PTDD082

494208

7809684

-55/323

70.00

72.00

2.00

3.6

0.8

31

0.16

75.00

77.00

2.00

1.4

0.5

33

0.03

99.00

100.00

1.00

1.9

0.9

22

0.04

PTDD083

494350

7809749

-48/213

233.00

233.30

0.30

1.9

0.7

39

0.39

PTDD084

494654

7809638

-61/180

121.00

123.00

2.00

7.0

1.3

61

0.4

147.00

152.00

5.00

1.6

0.7

31

0.05

PTDD085

494360

7809417

-57/323

220.00

222.00

2.00

1.3

0.8

35

-

227.00

236.00

8.00

3.8

2.09

63

0.04

including 5.00m @ 5.17% Zn, 2.82% Pb, 86g/t Ag and 0.06g/t Au from 230m

293.75

294.30

0.55

3.8

3.7

137

0.42

331.00

332.00

1.00

1.6

1.0

42

-

334.00

335.00

1.00

4.6

1.6

57

0.10

337.00

340.00

3.00

3.0

0.5

23

0.30

PTDD086

494562

7809586

-55/270

Geotechnical hole - no assay data

PTDD087

494565

7809597

-50/180

59.00

62.00

3.00

1.9

0.7

36

0.16

99.90

101.50

2.00

3.1

0.5

36

0.55

133.00

135.00

2.00

4.0

2.8

125

0.15

182.50

183.50

1.00

1.6

0.4

116

0.15

252.00

255.00

3.00

2.0

1.1

58

0.04

261.00

262.00

1.00

2.2

1.1

47

0.02

PTDD089

494542

7809575

-53/195

186.50

188.00

1.50

6.8

3.0

162

0.01

188.90

189.90

1.00

3.9

2.1

108

0.07

206.20

208.00

1.80

1.8

1.3

65

0.05

PTDD090A

494469

7809560

-47/180

19.20

20.90

1.70

6.8

0.3

39

0.11

45.00

45.85

0.85

1.7

0.1

11

0.05

76.00

79.00

3.00

3.4

1.1

60

0.09

83.75

87.80

4.05

3.1

1.0

55

0.04

PTDD091

494483

7809554

-60/180

37.70

39.00

1.30

4.0

1.5

130

0.33

58.00

59.00

1.00

1.6

0.2

12

0.03

63.00

64.00

1.00

1.6

0.2

10

0.05

67.00

68.00

1.00

1.6

0.1

15

0.01

86.00

108.00

22.00

3.6

1.6

93

0.09

including 5.00m @ 10.2% Zn, 4.0% Pb, 248g/t Ag, 0.18 Au from 88m

including 2.00m @ 16.3% Zn, 7.4% Pb, 478g/t Ag and 0.2 g/t Au from 91m

112.00

120.00

8.00

8.0

0.5

45

0.02

including 1.00m @ 12.2% Zn, 0.3% Pb, 35g/t Ag and 0.08g/t Au from 112m

and 2.00m @ 16.3% Zn, 0.7% Pb, 75g/t Ag and 0.20 Au from 117m

PTDD092

494935

7809365

-45/0

NSI to date

PTDD093

494360

7809415

-50/030

78.50

79.50

1.00

2.3

1.2

68

0.15

167.50

187.50

20.00

8.0

3.8

180

0.54

including 7.10m @ 12.9% Zn,5.1% Pb,266g/t Ag and 1.27 Au from 168.5m

and 1.00m @ 8.2% Zn, 6.1% Pb, 253g/t Ag and 0.18 Au from 178.5m

and 5.00m @ 10.0% Zn, 5.6% Pb, 240g/t Ag and 0.26 Au from 180.5m

PTDD094

494353

7809743

-47/188

125.00

126.00

1.00

1.3

0.2

39

0.19

127.50

129.50

2.00

6.3

0.8

89

0.18

219.40

220.50

1.10

1.3

4.1

100

0.01

222.50

223.50

1.00

1.5

0.9

29

0.01

229.00

230.00

1.00

1.6

0.5

22

0.05

PTDD096

494521

7809047

-47/180

142.00

144.00

2.00

5.9

1.10

84

0.33

including 1.00m @ 9.79% Zn,2.18% Pb, 148g/t Ag and 0.59 Au from 143m

149.00

151.00

2.00

7.3

2.65

163

0.07

including 1.00m @ 10.90% Zn, 4.36% Pb, 262g/t Ag & 0.10 Au from 149m

154.00

167.00

13.00

7.4

2.60

133

0.24

including 4.00m @ 11.17% Zn,6.00% Pb, 296/t Ag and 0.37 Au from 154m

including 1.00m @ 16.35% Zn,12.15% Pb, 624g/t Ag & 0.34 Au from 156m

and 6.00m @ 6.84% Zn,0.95% Pb,58g/t Ag and 0.18 Au from 161m

PTDD098

494287

7809806

-50/150

73.00

80.00

7.00

7.0

2.6

122

0.06

including 4.00m @ 10.3% Zn,3.4% Pb, 159g/t Ag from 77m

PTDD101

494545

7809569

-50/180

10.00

12.00

2.00

-

5.3

174

0.60

18.00

20.00

2.00

-

1.6

129

0.17

38.00

41.50

3.50

0.8

9.2

384

0.16

45.70

46.90

1.20

2.4

11.0

568

0.08

119.00

121.50

2.50

4.3

8.5

372

0.27

142.90

144.00

1.10

2.0

0.8

46

0.12

148.30

149.30

1.00

2.1

0.57

35

0.21

158.00

159.00

1.00

2.6

1.1

56

0.04

181.00

186.30

5.30

2.4

0.7

41

0.29

238.40

241.35

2.95

3.2

1.7

87

0.11

244.00

246.50

2.50

2.1

0.8

46

0.06

257.30

258.50

1.20

2.0

2.0

80

0.07

259.50

263.70

4.20

3.2

1.5

65

0.07

276.70

277.50

0.80

1.7

0.8

50

0.04

PTDD104

494651

7809640

-46/162

119.00

122.00

3.00

3.2

2.9

133

0.12

151.00

152.1

1.10

1.6

0.6

31

0.08

170.00

173.85

3.85

2.2

1.0

48

0.12

PTDD105

494595

7809621

-55/180

75.00

92.00

17.00

1.3

0.03

3

-

96.00

106.00

10.00

2.6

0.9

68

0.12

including 3.00m @ 5.8% Zn,2.2% Pb, 160g/t Ag and 0.21g/t Au from 102m

126.00

127.00

1.00

8.0

0.9

60

0.09

133.00

134.00

1.00

3.1

0.2

18

0.04

153.00

155.00

2.00

1.8

1.6

357

0.18

165.00

166.00

1.00

3.0

0.6

32

0.03

177.00

178.00

1.00

2.5

0.1

15

0.15

181.00

183.00

2.00

2.4

4.1

145

0.07

PTDD108

4942271

7810382

-62/145

71.00

73.00

2.00

2.8

1.4

77

0.05

75.00

77.00

2.00

1.8

0.8

45

0.04

92.90

94.00

1.10

6.2

1.2

71

0.07

102.00

103.00

1.00

1.6

0.8

80

0.23

104.00

106.00

2.00

2.2

1.1

94

0.10

108.00

112.00

4.00

2.6

1.4

112

0.13

including 1.00m @ 5.1% Zn,3.0% Pb, 224g/t Ag and 0.35g/t Au from 109m

PTDD109

494531

7809650

-60/180

228.00

239.00

11.00

4.3

1.3

57

0.08

including 7.00m @ 5.4% Zn,1.7% Pb, 77g/t Ag and 0.09g/t Au from 231m

249.00

250.00

1.00

2.0

1.3

80

0.09

252.10

254.00

1.90

3.6

0.9

54

0.13

258.00

264.10

6.10

8.9

3.4

205

0.29

PTDD110

494528

7809650

-54/180

145.00

146.00

1.00

3.6

1.4

75

0.02

PTDD118

494287

7809738

-48/115

86.00

90.00

4.00

2.1

1.1

59

0.04

112.00

113.00

1.00

11.1

7.8

239

0.07

PTDD112

494408

7809843

-50/180

95.00

96.00

1.00

2.9

0.8

33

0.04

103.00

104.00

1.00

2.0

1.1

37

0.03

105.00

106.00

1.00

1.4

0.3

16

0.02

 

·; All samples assayed by ALS Laboratory Group, Chile

·; Crushing all sample 70% < 2mm; quirting to 1 Kg; and powdered 85% < 75 µm

·; Zn-Pb-Ag-ME ICP41 method or AA46 ore grade for Pb 0.01-30%, Zn 0.01 -30% Ag 1-1500ppm

·; Au-AA23 ore grade finish Au 0.005 - 10ppm Au fire assay

·; Hole ID co-ordinate grid is PSAD56 UTM Zone 19S

Further background details on the Company can be found at www.herenciaresources.com

**ENDS**

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUAUSRUVAOUAR
Date   Source Headline
3rd Apr 200810:40 amRNSTarget Identified at Paguanta
25th Mar 20086:03 pmRNSFinal Results
18th Mar 200810:27 amRNSChange of Registered Office
28th Feb 200810:58 amRNSFocus on the Paguanta Project
12th Feb 20081:32 pmRNSDrilling Report
3rd Jan 200812:29 pmRNSDirector/PDMR Shareholding
30th Nov 200711:07 amRNSIssue of Options
30th Nov 200710:08 amRNSTotal Voting Rights
28th Nov 20073:19 pmRNSHolding(s) in Company
6th Nov 20074:56 pmRNSDirector/PDMR Shareholding
1st Nov 20073:05 pmRNSIssue of Equity
31st Oct 20078:15 amRNSTotal Voting Rights
23rd Oct 200710:45 amRNSJoint Venture Agreement
15th Oct 20074:23 pmRNSResult of AGM
12th Oct 20074:21 pmRNSHolding(s) in Company
5th Oct 200710:52 amRNSDrilling Report
27th Sep 20074:03 pmRNSIssue of Equity
19th Sep 200710:28 amRNSDrilling Report
18th Sep 200712:31 pmRNSInterim Results
14th Sep 20073:23 pmRNSNotice of AGM
11th Sep 20077:00 amRNSShareholding in Herencia
4th Sep 200711:01 amRNSDrilling Report
13th Aug 200710:25 amRNSAIM Rule 26
1st Aug 200710:41 amRNSDrilling Report
18th Jul 200710:44 amRNSDrilling Report
22nd Jun 20071:07 pmRNSInterim Results
18th May 20079:12 amRNSDirectorate Change
5th Apr 20074:29 pmRNSNew Accounting Ref Date
5th Apr 200710:03 amRNSIssue of Options
30th Mar 20077:00 amRNSTotal Voting Rights
29th Mar 20077:00 amRNSInterim Results
26th Mar 20075:30 pmRNSHolding(s) in Company
22nd Mar 20079:36 amRNSHolding(s) in Company
13th Mar 20073:15 pmRNSIssue of Equity
21st Feb 20073:57 pmRNSDrilling Report
25th Jan 20078:06 amRNSDrilling Report
28th Dec 20068:00 amRNSTotal Voting Rights
16th Nov 20068:41 amRNSFinal Results
30th Oct 200610:42 amRNSPlacing
25th Oct 20063:26 pmRNSSubscription Agmt & Placing
4th Oct 20062:15 pmRNSAlliance Agreement
13th Sep 200611:26 amRNSDirectorate Change
24th Aug 20064:30 pmRNSProject & Exploration Update
24th Aug 20062:53 pmRNSChange of Adviser
26th Jul 20063:01 pmRNSResult of AGM
10th Jul 20063:49 pmRNSIssue of Equity
19th Jun 20063:54 pmRNSDirectorate Change
13th Jun 20064:19 pmRNSProject update
2nd May 200611:40 amRNSDrilling Report
24th Mar 20067:02 amRNSInterim Results

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