12 Oct 2011 08:56
12 October 2011
Herencia Resources plc
("Herencia" or the "Company")
More High Grade Drill Assay Results at Paguanta including Very High Silver Grades of up to 997g/t
Highlights
·; High grade assay results from Patricia drill program including:
o 5.0m @ 10.2% zinc, 4.0% lead and 248g/t silver from 88.0m in PTDD091
o 4.6m @ 3.7% zinc, 1.8% lead and 473 g/t silver from 85.5m in PTDD081
o 1.0m @ 6.0% zinc, 2.7% lead and 997 g/t silver from 40.0m in PTDD076
Herencia Resources, a multi-commodity project development company, is pleased to provide an update in relation to its Paguanta Project (Herencia 70% owner) in northern Chile:
·; 12,443m of drilling successfully completed at Paguanta thus far this year.
·; Results from diamond drill hole PTDD091 (Cathedral Vein) include grades of 22m at 3.6% zinc, 1.6% lead and 93g/t silver from 86m including 5.0m at 10.2% zinc, 4.0% lead and 248g/t silver from 88m depth, including 2.0m @ 16.3% zinc, 7.4% lead and 478g/t silver from 91m.
·; Results from diamond drill hole PTDD081 (Central Vein) include high grades of 4.6m at 3.7% zinc, 1.8% lead and 473g/t silver from 85.5m including 1.5m at 4.8% zinc, 2.3% lead and 887g/t silver from 85.5m depth.
·; Results from diamond drill hole PTDD076 (Cathedral Vein) include high grades of 1.0m at 6.0% zinc, 2.7% lead and 997g/t silver from 40m.
·; All Metallurgical drill holes have been completed.
·; Geotechnical drilling of the planned underground mining areas has been completed.
·; Site geotechnical testing of plant site completed and tailings dam location nearing completion.
·; Detailed topographic survey work has been completed.
·; Access Road design work is underway.
·; Baseline Environmental Monitoring work continues.
Herencia's Managing Director Michael Bohm commented "These high grades are not surprising as we know from the extensive drilling carried out to date that the Patricia orebody has a significant grade profile. It is pleasing that high grades are being reported across the zinc, lead and silver profile and at shallow depths. The silver grades are particularly encouraging.
Work continues in advancing the drilling program and the Feasibility Study at Paguanta. We also plan to commence drilling at the Guamanga Copper-Gold Project this quarter, so the next six months will see plenty of activity for the team in Chile."
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 (%) | Pb 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 | |
PTDD060 | 494942 | 7809421 | -65/085 | 98.50 | 99.50 | 1.00 | 0.80 | 0.90 | 107 | |
129.50 | 131.00 | 1.50 | 0.62 | 0.28 | 27 | |||||
PTDD061 | 494310 | 7809812 | -45/176 | 35.50 | 37.50 | 2.00 | 2.24 | 0.41 | 36 | |
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 | -45/176 | 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 43.50m | ||||||||||
PTDD072 | 494600 | 7809544 | -54/180 | 165.00 | 170.00 | 5.00 | 2.4 | 0.9 | 80 | |
175.00 | 176.00 | 1.00 | 3.0 | 0.8 | 87 | |||||
PTDD073 | 494550 | 7809600 | -54/180 | 138.00 | 141.00 | 3.00 | 4.5 | 2.5 | 133 | |
241.00 | 261.00 | 20.00 | 3.00 | 1.40 | 80 | |||||
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 | ||||
including 3.70m @ 13.60% Zn, 2.13% Pb, 126g/t Ag and 0.28g/t Au from 169.70m | ||||||||||
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 193.00m | ||||||||||
PTDD075 | 494600 | 7809544 | -60/180 | 54.00 | 58.00 | 4.00 | 2.8 | 1.4 | 120 | |
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 | ||||||||||
PTDD076 | 494309 | 7809668 | -45/180 | 40.00 | 41.00 | 1.00 | 6.0 | 2.7 | 997 | |
PTDD080 | 494600 | 7809544 | -45/180 | 173.0 | 183.0 | 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 | ||||||||||
252.5 | 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 | |
including 1.5m @ 4.80% Zn, 2.3% Pb, 887g/t Ag from 85.5m | ||||||||||
PTDD091 | 494483 | 7809554 | -60/180 | 86.00 | 108.00 | 22.00 | 3.6 | 1.6 | 93 | |
including 5.00m @ 10.2% Zn, 4.0% Pb, 248g/t Ag from 88m | ||||||||||
including 2.00m @ 16.3% Zn, 7.4% Pb, 478g/t Ag from 91m | ||||||||||
112.00 | 113.00 | 1.00 | 12.2 | 0.3 | 35 | |||||
·; 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