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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
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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