25 Sep 2008 07:56
25 September 2008
Herencia Resources plc
("Herencia" or the "Company")
Further Intercepts of High Grade Mineralisation
Final Assay Results for 'Patricia'
Herencia Resources Plc (AIM: HER), the exploration and development company with a primary focus on identifying mineral resource opportunities in South America, is pleased to announce final assay results for the 2008 drill program, recently completed at the Company's 70% owned Paguanta Project in northern Chile.
Highlights:
11,043m drilling completed at the 'Patricia' zinc-lead-silver deposit and the 'La Rosa' porphyry-copper prospect
Multiple high grade assay results returned, with significant widths at depth
Continued thick intercepts of high grade mineralisation for the Cathedral Vein
Resource update for the 'Patricia' deposit underway
The 2008 Diamond ("DD") and Reverse Circulation ("RC") drilling program at the 'Patricia' zinc-lead-silver deposit and the 'La Rosa' porphyry-copper prospect has been completed with at total of 84 holes for 11,043m drilled (9,986m at 'Patricia' and 1,057m at 'La Rosa').
Assay results for 'Patricia' have continued to return high grade intercepts and extension of mineralised veins at depth.
Assay results for 'La Rosa', located 3km to the north of 'Patricia', are expected in October 2008.
A summary of all significant final assay results received for 'Patricia' from the 2008 drilling program is provided in Appendix 1.
High grade assay results from the 'Patricia' deposit, in addition to those reported on in August, include:
Cathedral Vein - Diamond hole PTDD032
20m @ 3.70% Zn, 0.78% Pb and 38ppm Ag from 25m
including - 2m @ 13.55% Zn, 1.99% Pb, 93ppm Ag and 0.70 ppm Au from 32m
2m @ 9.20% Zn, 3.59% Pb and 427ppm Ag and 0.73 ppm Au from 63.5m
Cathedral Vein - RC hole PTRC091
15m @ 6.01% Zn, 1.16% Pb and 56ppm Ag from 117m
including 7m @ 10.38% Zn, 1.89% Pb and 97ppm Ag from 121m
Cathedral Vein - RC hole PTRC096
11m @ 6.53% Zn, 2.13% Pb and 96ppm Ag from 76m
including - 5m @ 11.13% Zn, 3.19% Pb, 143ppm Ag and 0.30ppm Au from 78m
Central Vein - RC hole PTRC089 (oblique hole)
6m @ 4.65% Zn, 1.30% Pb and 149ppm Ag from 63m
including - 3m @ 7.03% Zn, 2.00% Pb, 216ppm Ag from 63m
Camp Vein - RC hole PTRC105
8m @ 3.66% Zn, 1.44% Pb and 309ppm Ag from 70m
including - 3m @ 6.48% Zn, 2.37% Pb, 603ppm Ag and 0.39ppm Au from 75m
Note: meterage quoted relates to down-hole width.
The latest assay results continue to highlight the resource potential of the Cathedral Vein, with thick intercepts of high grade mineralisation. In particular, diamond hole PTDD032 intercepted a 20m (downhole) zone of mineralisation on the Cathedral Vein footwall at a shallow depth (from 25m) with the additional presence of gold. Wide high grade intercepts of mineralisation are also present on the Cathedral Hanging Wall Vein.
Work is now underway to update the 'Patricia' mineral resource statement which is scheduled for completion in October 2008. Golder Associates will be commencing a Scoping Study in October with a view to completing this work by the end of November 2008.
Executive Director, Michael Bohm commented:
"The successful completion of the 2008 Paguanta drill program within budget is a major milestone for the Company. The high grade assay results received at 'Patricia' indicate both favorable widths of mineralization and strong potential for depth extension. We look forward to updating the mineral resource and commencing the Scoping Study next month. I would like to congratulate the team in Chile for completing the work in a safe and timely manner."
Mr. James Sinclair, Exploration Manager (Chile) for Herencia, has reviewed the information contained in this announcement. Mr. Sinclair has 13 years experience in the resources sector and is a qualified person within the definition of the AIM guidelines.
Further background details on the Company and the Paguanta Project can be found at www.herenciaresources.com
Enquiries:
| HERENCIA RESOURCES PLC | |
| Michael Bohm | +61 8 9221 7466 |
| WH IRELAND LIMITED | |
| David Youngman | +44 161 832 2174 |
| PELHAM PUBLIC RELATIONS | |
| Klara Kaczmarek | +44 20 3159 4395 |
| Sergei Stephantsov | +44 20 3178 6241 |
Appendix 1: Significant Drill Assay Results
| Hole ID | East | North | RL | From | Width | Grade | Comments | ||||||||||||||
| (m) | (m) | (m) | Zn % | Pb % | Ag ppm | Au ppm | |||||||||||||||
| PTDD013 | 494,250 | 7,809,815 | 3655 | 38.5m | 3.5m | 3.73 | 0.94 | 28 | Rolando Vein | ||||||||||||
| PTDD014 | 494,165 | 7,809,760 | 3702 | 29m | 17m | 2.10 | Camp NW Supergene Zone | ||||||||||||||
| PTDD015 | 494,325 | 7,809,725 | 3720 | 216.5m | 6m | 9.86 | 4.77 | 349 | 0.67 | Central Vein | |||||||||||
| Including | 220.5m | 2m | 15.47 | 4.32 | 411 | 0.57 | |||||||||||||||
| PTDD017 | 494,355 | 7,809,540 | 3772 | 61.5m | 4.5m | 8.04 | 1.40 | 74 | Cathedral Vein | ||||||||||||
| PTDD018 | 494,385 | 7,809,740 | 3724 | 214m | 8m | 4.05 | 2.13 | 122 | Central Vein | ||||||||||||
| Including | 214.5m | 2.5m | 6.68 | 3.91 | 249 | 0.44 | Note gold grades | ||||||||||||||
| And | 2.0m | 5.54 | 2.65 | 123 | 0.32 | Note gold grades | |||||||||||||||
| PTDD019 | 494,400 | 7,809,590 | 3754 | 160m | 10.5m | 6.52 | 2.26 | 97 | Cathedral Vein | ||||||||||||
| Including | 162.5m | 3.5m | 12.89 | 4.87 | 202 | ||||||||||||||||
| 179m | 2m | 3.21 | 1.21 | 74 | |||||||||||||||||
| PTDD020 | 494,170 | 7,809,710 | 3710 | 51.5m | 5m | 4.56 | 1.25 | 42 | Rosada Vein | ||||||||||||
| PTDD022 | 494,321 | 7,809,718 | 3723 | 211m | 1.5m | 5.32 | 5.70 | 173 | Central Vein | ||||||||||||
| PTDD024 | 494,325 | 7,809,563 | 3765 | 183.0m | 30m | 7.39 | 0.84 | 70 | Cathedral Vein | ||||||||||||
| Including | 193.0m | 20m | 10.45 | 0.95 | 86 | ||||||||||||||||
| Including | 199.5m | 7m | 16.94 | 1.36 | 112 | ||||||||||||||||
| Including | 200.5m | 4m | 20.56 | 1.24 | 123 | ||||||||||||||||
| PTDD025 | 494,170 | 7,809,710 | 3710 | 42.5m | 4m | 4.60 | 0.33 | 20 | Rosada Vein | ||||||||||||
| Including | 42.5m | 2.5m | 6.26 | 0.48 | 28 | ||||||||||||||||
| PTDD026 | 494,440 | 7,809,560 | 3770 | 115.5m | 52.5m | 3.82 | 1.24 | 80 | Cathedral Vein | ||||||||||||
| Including | 118.5m | 24.5m | 6.68 | 2.01 | 128 | Cathedral Upper Lense | |||||||||||||||
| Including | 119m | 17m | 8.39 | 2.58 | 164 | ||||||||||||||||
| Including | 119m | 5m | 13.10 | 8.01 | 492 | 0.44 | |||||||||||||||
| Including | 155.5m | 9m | 1.91 | 0.94 | 61 | Cathedral Lower Lense | |||||||||||||||
| PTDD028 | 494,355 | 7,809,560 | 3776 | 24.5m | 4.5m | 6.38 | 2.83 | 164 | 0.40 | Cathedral Vein | |||||||||||
| Hole ID | East | North | RL | From | Width | Grade | Comments | |||
| (m) | (m) | (m) | Zn % | Pb % | Ag ppm | Au Ppm | ||||
| PTDD029 | 494,433 | 7,809,547 | 3768 | 67m | 8.5m | 7.75 | 1.52 | 97 | Cathedral Vein | |
| Including | 67m | 3.5m | 11.79 | 1.56 | 81 | 0.41 | ||||
| PTDD030 | 494,386 | 7,809,532 | 3776 | 37.5m | 2m | 15.43 | 1.72 | 101 | 0.69 | Cathedral Vein |
| PTDD031 | 494,403 | 7,809,529 | 3776 | 37m | 2m | 11.87 | 5.83 | 327 | 0.34 | Cathedral Vein |
| 124m | 6.5m | 3.33 | 1.08 | 53 | Cathedral Vein Footwall | |||||
| Including | 124m | 1.5m | 7.50 | 2.50 | 113 | 1.59 | Note gold grade | |||
| PTDD032 | 494,300 | 7,809,550 | 3767 | 25m | 20m | 3.70 | 0.78 | 38 | Cathedral Vein | |
| Including | 32m | 2m | 13.55 | 1.99 | 93 | 0.70 | ||||
| 53.5m | 5m | 4.90 | 1.46 | 63 | Cathedral Vein Footwall | |||||
| Including | 1.5m | 10.52 | 3.48 | 161 | 0.70 | |||||
| 63.5m | 2m | 9.20 | 3.59 | 427 | 0.73 | Cathedral Vein Footwall | ||||
| PTDD033 | 494,398 | 7,809,594 | 3753 | 254m | 5m | 3.80 | 2.90 | 120 | Cathedral Vein - 270 below surface | |
| Including | 256.5m | 3m | 5.47 | 2.00 | 150 | |||||
| PTDD034 | 494,545 | 7,809,568 | 3810 | 38m | 14.5m | 2.19 | 4.24 | 157 | Cathedral Vein Hanging Wall | |
| Including | 41.5m | 4m | 3.46 | 10.12 | 395 | |||||
| PTRC056 | 494,250 | 7,809,760 | 3700 | 5m | 11m | 0.95 | 1.52 | 53 | Camp Vein | |
| Including | 14m | 2m | 4.63 | 2.81 | 112 | |||||
| PTRC058 | 494,130 | 7,809,650 | 3730 | 36m | 8m | 4.60 | 1.80 | 157 | Rosada Vein | |
| Including | 39m | 3m | 8.61 | 3.16 | 299 | 0.48 | Note gold grade | |||
| PTRC059 | 494,150 | 7,809,680 | 3720 | 38m | 22m | 3.20 | 0.32 | 18 | Rosada Vein | |
| Including | 51m | 3m | 6.61 | 0.50 | 42 | Rosada Vein, includes 1m @ 3.0ppm Au | ||||
| PTRC060 | 494,541 | 7,809,569 | 3813 | 142m | 22m | 3.43 | 0.98 | 49 | Broad zone of mineralisation between 2 high grade zones | |
| Including | 142m | 7m | 4.08 | 1.65 | 78 | |||||
| Including | 142m | 4m | 6.10 | 2.45 | 115 | Cathedral Vein | ||||
| 161m | 6m | 6.95 | 1.24 | 65 | Footwall | |||||
| Including | 3m | 12.46 | 2.10 | 107 | ||||||
| 1m | 25.2 | 1.78 | 104 | |||||||
| Hole ID | East | North | RL | From | Width | Grade | Comments | |||
| (m) | (m) | (m) | Zn % | Pb % | Ag ppm | Au Ppm | ||||
| PTRC061 | 494,541 | 7,809,569 | 3813 | 80m | 15m | 1.89 | Cathedral Vein | |||
| 132m | 17m | 3.98 | 1.12 | 62 | ||||||
| Including | 132m | 5m | 8.45 | 0.90 | 62 | 0.51 | Note gold grade | |||
| 143m | 6m | 3.40 | 2.01 | 99 | Footwall | |||||
| PTRC062 | 494,350 | 7,809,755 | 3715 | 31m | 2m | 1.25 | 338 | Camp Vein | ||
| 40m | 5m | 3.78 | 2.10 | 160 | ||||||
| PTRC063 | 494,350 | 7,809,730 | 3725 | 62m | 10m | 2.32 | 1.09 | 46 | Camp Vein | |
| PTRC065 | 494,425 | 7,809,795 | 3730 | 72m | 2m | 3.95 | 1.6 | 40 | Camp Vein | |
| PTRC066 | 494,130 | 7,809,785 | 3700 | 52m | 4m | 4.69 | 1.98 | 170 | Camp Vein NW | |
| Including | 2m | 8.57 | 3.66 | 366 | 1.08 | Note gold | ||||
| PTRC067 | 494,130 | 7,809,725 | 3715 | 35m | 3m | 2.89 | 1.57 | 77 | Camp Vein NW | |
| PTRC068 | 494,130 | 7,809,770 | 3720 | 3m | 8m | 0.80 | 1.68 | 192 | Camp Vein NW | |
| Including | 2m | 1.27 | 3.37 | 294 | 0.52 | |||||
| 27m | 3m | 0.56 | 1.71 | 203 | ||||||
| PTRC069 | 494,100 | 7,809,675 | 3724 | 31m | 10m | 2.14 | Rosada Vein | |||
| PTRC074 | 494,980 | 7,809,425 | 3830 | 75m | 4m | 1.48 | 0.80 | 55 | Refugio | |
| PTRC077 | 494,650 | 7,809,540 | 3820 | 65m | 5m | 2.93 | 1.08 | 164 | Cathedral Vein | |
| PTRC079 | 494,400 | 7,809,590 | 3745 | 158m | 9m | 6.64 | 1.38 | 81 | Cathedral Vein | |
| PTRC088 | 494,400 | 7,809,688 | 3740 | 59m | 11m | 2.35 | 0.88 | 145 | Central Vein | |
| Including | 59m | 3m | 4.07 | 1.28 | 207 | |||||
| 68m | 2m | 3.84 | 2.09 | 402 | ||||||
| PTRC089 | 494,400 | 7,809,688 | 3740 | 63m | 6m | 4.65 | 1.30 | 149 | Central Vein -oblique hole | |
| Including | 63m | 3m | 7.03 | 2.00 | 216 | |||||
| PTRC090 | 494,436 | 7,809,545 | 3768 | 64m | 3m | 4.39 | 2.51 | 143 | Cathedral Vein Hanging Wall | |
| PTRC091 | 494,215 | 7,809,470 | 3780 | 74m | 4m | 3.20 | 1.87 | 71 | Cathedral Vein Hanging Wall | |
| 117m | 15m | 6.01 | 1.16 | 56 | ||||||
| 121m | 7m | 10.38 | 1.89 | 97 |
| Hole ID | East | North | RL | From | Width | Grade | Comments | |||
| (m) | (m) | (m) | Zn % | Pb % | Ag ppm | Au Ppm | ||||
| PTRC092 | 494,130 | 7,809,650 | 3720 | 21m | 7m | 2.94 | 0.79 | 41 | Rosada Vein | |
| Including | 46m | 3m | 3.60 | 26 | ||||||
| PTRC093 | 494,325 | 7,809,568 | 3770 | 125m | 2m | 3.19 | 1.49 | 87 | Cathedral Vein | |
| PTRC094 | 494,355 | 7,809,540 | 3772 | 132m | 13m | 2.86 | 0.64 | 32 | Cathedral Vein | |
| Including | 150m | 3m | 4.70 | 1.62 | 67 | Cathedral Vein Footwall | ||||
| PTRC095 | 494,383 | 7,809,551 | 3768 | 56m | 6m | 3.71 | 1.10 | 151 | Cathedral Vein | |
| PTRC096 | 494,383 | 7,809,553 | 3768 | 76m | 11m | 6.53 | 2.13 | 96 | Cathedral Vein | |
| Including | 5m | 11.13 | 3.19 | 143 | 0.30 | |||||
| PTRC097 | 494,297 | 7,809,553 | 3767 | 29m | 10m | 5.36 | 1.31 | 56 | Cathedral Vein | |
| Including | 31m | 2m | 16.20 | 2.71 | 110 | |||||
| 52m | 4m | 3.11 | 1.57 | 79 | Cathedral Vein Footwall | |||||
| PTRC101 | 494,200 | 7,809,780 | 3700 | 29m | 7m | 3.74 | 0.40 | 154 | Rosada Vein eastern extension | |
| PTRC104 | 494,291 | 7,809,779 | 3707 | 9m | 8m | 0.88 | 89 | Camp Vein | ||
| Including | 12m | 2m | 1.81 | 175 | 0.61 | |||||
| PTRC105 | 494,287 | 7,809,800 | 3701 | 70m | 8m | 3.66 | 1.44 | 309 | Camp Vein | |
| Including | 75m | 3m | 6.48 | 2.37 | 603 | 0.39 | ||||
| PTRC107 | 494,265 | 7,809,802 | 3696 | 36m | 5m | 3.87 | 27 | Camp Vein | ||
| Including | 57m | 5m | 2.54 | 0.59 | 57 | |||||
Drill Intersections based on >2% Zn cut off grade
All holes assayed by ALS La Serena 1kg 90% passing 75 micron HF-HNO3 - HClO4 digest
AAS AA26 ore grade finish DL - Pb 0.01-30%, Zn 0.01 -30% Ag 1-1500ppm,
AAS AA24 ore grade finish Au 0.01 - 10ppm Au DL fire assay
Samples that returned assays above upper detection limits are reported at that upper detection limit
Re-analysis of high-grade silver underway
Hole ID co-ordinate grid is PSAD56 UTM Zone 19S.
Meterage quoted relates to down-hole intersections