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Project Update

14 Jun 2011 07:00

RNS Number : 3576I
Herencia Resources PLC
14 June 2011
 



Herencia Resources plc

("Herencia" or the "Company")

 

High Grade Mineralised Zone confirmed at Patricia's 'New' vein

Highlights:

·; 20 metre wide mineralised zone identified in the area of the 'New' vein at Patricia - the widest mineralised intersection yet seen in this southern-most vein

·; As noted in the Cathedral vein, this broad mineralised zone includes a 'high grade core' of 6 metres grading 5.9% zinc, 2.6% lead and 144 g/t silver

·; 'New' vein now interpreted to have a potential strike length of up to 750 metres in an east-west orientation and remains open in all directions

·; Potential for the "New" vein to extend at least 225 metres below surface

·; Opens up a new target area to potentially expand the Project's Mineral Resource

Herencia is pleased to advise that it has intersected a broad 20 metre zone (down-hole length) of mineralisation in diamond hole PTDD073 at the Company's 70% owned Paguanta Project (the "Project"), located in northern Chile.

PTDD073 was drilled to explore Patricia's southern-most 'New' vein, located approximately 100 metres south of Cathedral vein, and to collect metallurgical sample from the Cathedral vein itself for use in the Patricia Feasibility Study. The hole successfully intersected numerous zones of mineralisation in the Cathedral vein and then, significantly, intersected a broad semi-massive sulphide brecciated vein containing sphalerite and galena as follows:

o 20 metres at 3.0% zinc, 1.4% lead and 80 g/t silver from 241 metres, including:

o 6 metres at 5.9% zinc, 2.6% lead and 144 g/t silver from 253 metres

The 'New' vein now appears to be up to 750 metres in strike length with the deepest hole indicating a depth of mineralisation to 225 metres below surface. The PTDD073 collar is located at 494 550E and 7809 600N, with a dip of 54°, azimuth 180º and total down-hole depth of 272 metres.

Herencia's Managing Director Michael Bohm commented "The assay results from PTDD073 show that Patricia's southern most vein may be considerably thicker than first indicated and contains a high grade core zone, similar to that seen in the nearby Cathedral vein. This provides yet another target to expand the Resource base at Patricia and, given its close proximity to the main Cathedral vein, access to this vein is relatively straightforward.

We have confirmed the presence of multiple parallel high grade veins at Patricia and we remain of the view that the area immediately surrounding the Patricia Mineral Resource is highly prospective for identifying further mineralised veins."

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. Both Mr Bohm and Mr Valverde have consented to the inclusion of the material in the form and context in which it appears.

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
 
 
DRLDKNDDABKDNAD
Date   Source Headline
23rd Aug 20118:02 amRNSHigh Grade Drill Assay Rslts Continue at Patricia
4th Aug 201111:15 amRNSMore high grade results at Paguanta
20th Jul 20119:19 amRNSDrilling to recommence at Paguanta
8th Jul 20112:18 pmRNSProject Update
4th Jul 20118:07 amRNSUpdate on Project Activity
24th Jun 20117:50 amRNSIssue of Equity
15th Jun 201111:00 amRNSMore Copper and Silver at Doris
14th Jun 20117:00 amRNSProject Update
9th Jun 20113:17 pmRNSResult of AGM
31st May 201111:00 amRNSNew Copper-Gold Project Agreement Signed
27th May 20114:53 pmRNSHolding(s) in Company - Replacement
27th May 20112:45 pmRNSHolding(s) in Company
27th May 20117:00 amRNSProject Update
18th May 20119:55 amRNSProject Update
9th May 201110:53 amRNSProject Update
19th Apr 201110:58 amRNSFinal Results
18th Apr 201110:46 amRNSProject Update
11th Mar 20117:00 amRNSDrilling Commences at Paguanta
28th Feb 20111:34 pmRNSDrilling Update
3rd Feb 20114:12 pmRNSNew Copper-Gold Project Opportunity
31st Jan 201112:18 pmRNSTotal Voting Rights
18th Jan 201112:23 pmRNSDirector/PDMR Shareholding
12th Jan 201112:48 pmRNSDirector/PDMR Shareholding
31st Dec 20107:56 amRNSTotal Voting Rights
23rd Dec 201010:48 amRNSPaguanta Project Update
22nd Dec 20103:31 pmRNSIssue of Equity
1st Dec 20108:31 amRNSIssue of Equity
25th Nov 20108:52 amRNSProject Update - Doris Geophysical Survey
22nd Nov 201011:07 amRNSProject Update
19th Nov 20103:41 pmRNSHolding(s) in Company
16th Nov 20108:03 amRNSHolding(s) in Company
10th Nov 20102:20 pmRNSPaguanta Project Update
29th Oct 20103:33 pmRNSTotal Voting Rights
27th Oct 20102:08 pmRNSMore High Grade Copper and Silver Assays at Doris
12th Oct 201012:33 pmRNSIssue of Options
8th Oct 201011:45 amRNSHolding(s) in Company
7th Oct 20109:38 amRNSMining Inventory Upgraded for Paguanta Project
4th Oct 20109:22 amRNSHolding(s) in Company
1st Oct 20109:42 amRNSDirectors Dealings/Issue of Equity
22nd Sep 201011:51 amRNSHolding(s) in Company
22nd Sep 201010:18 amRNSDirectorate Change
17th Sep 20108:03 amRNS2010 Mineral Resource Update for Paguanta Project
10th Sep 20109:07 amRNSHigh Copper and Silver Grades Confirmed at 'Doris'
9th Sep 20103:56 pmRNSHalf Yearly Report
12th Aug 20109:10 amRNSHigh Grade Surface Copper and Silver at Paguanta
2nd Aug 20108:30 amRNSFinal Results from Drilling Program at Paguanta
23rd Jun 20103:37 pmRNSResult of AGM
23rd Jun 20107:41 amRNSContinued High Grade Intercepts
18th Jun 201010:42 amRNSDMS test work to commence on Paguanta Ore
25th May 20107:48 amRNSFurther extension to Cathedral vein at Paguanta

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