Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHerencia Resources Regulatory News (HER)

  • There is currently no data for HER

Project Update

27 May 2011 07:00

RNS Number : 3905H
Herencia Resources PLC
27 May 2011
 



Herencia Resources plc

 

("Herencia" or the "Company")

 

Further High Grade Surface Copper & Silver Results at Paguanta

Highlights:

·; High grade copper and silver results returned from surface sampling to the south-west of La Rosa, further enhancing the porphyry prospectivity of the Project

Herencia is pleased to provide an update in relation to its 70% owned Paguanta Project (the "Project"), located in northern Chile.

Results from surface sampling in an area approximately 200 metres south-west of the La Rosa prospect have confirmed high grades of up to 2.6% copper and 202g/t silver.

Importantly, the La Rosa prospect is within close proximity to both the Doris prospect, where copper and silver have been confirmed on surface and in diamond drill holes, and the Patricia zinc-silver-lead-gold Mineral Resource.

The potential of the La Rosa prospect continues to develop with La Rosa displaying the following characteristics:

·; Strong geophysical anomaly

·; Strong argillic alteration (with propylitic alteration towards the borders)

·; High grade copper and silver at surface to the east (at Doris) and now the south-west

·; Copper and silver confirmed in drill holes outside of the system at Doris

·; Presence of high grade zinc-silver-lead veins in distal position to the system (Patricia)

·; Apparent pyritic shell logged in drill core (in two holes drilled at La Rosa).

·; Good structural conditions associated with the Atacama Fault Zone (that controls the major Copper deposits in Chile) and a possible 'pull-apart' zone displaying favorable conditions for the potential emplacement of a porphyry intrusion.

Managing Director Michael Bohm commented "the discovery of additional high grade copper and silver on surface at Paguanta, this time just to the south-west of La Rosa, further enhances the porphyry prospectivity of the Paguanta lease."

 

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

+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.

 

Appendix 1 - Surface Samples from La Rosa:

Sample

Easting

Northing

Cu (%)

Ag (g/t)

813237

493692

7811487

2.07

148

813238

493692

7811487

2.01

140

813239

493701

7811475

1.76

111

813240

493701

7811475

2.66

202

813241

493718

7811479

0.66

53

813242

493530

7811527

0.23

2

813243

493558

7811524

0.03

1

813244

493716

7811493

0.95

28

 

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

·; Cu-AA62 method: Multiacid digestion (HF-HNO3-HClO4) and AAS assay (Atomic Absorption Spectrometry)

·; Ag-MEICP41 method: Aqua Regia digestion and conventional ICP-AES analysis

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDKADPPBKDPPB
Date   Source Headline
28th Sep 201712:30 pmRNSTemporary Suspension
7th Sep 20174:21 pmRNSNotification of Major Interest in Shares
17th Aug 20177:00 amRNSGeological Review of Copper Properties in Chile
3rd Aug 201712:13 pmRNSIssue of Equity - Concert Party Update
10th Jul 20177:00 amRNSIssue of Equity
4th Jul 201712:11 pmRNSResult of AGM
30th Jun 20171:19 pmRNSAnnual Report and Accounts
23rd Jun 201710:26 amRNSNotification of Major Interest in Shares
21st Jun 20178:19 amRNSHerencia Chairman Appointment and Update
20th Jun 20171:55 pmRNSNotification of Major Interest in Shares
5th Jun 20177:00 amRNSNotice of AGM and Issue of Equity
15th May 20171:53 pmRNSIssue of Equity
5th May 20173:00 pmRNSUpdate Regarding Fundraising
27th Apr 201712:14 pmRNSPlacing
31st Mar 20171:07 pmRNSBoard Changes and Working Capital Update
16th Mar 20178:34 amRNSFunding Draw Down & Working Capital Update
3rd Mar 20171:37 pmRNSFunding Draw Down & Working Capital Update
17th Feb 20179:28 amRNSWorking Capital Update
13th Dec 201611:01 amRNSCompany Update
30th Nov 20163:53 pmRNSWorking Capital Update
19th Oct 20167:18 amRNSHerencia Secures up to US$200,000 Funding
29th Sep 201612:43 pmRNSHalf-year Report
16th Sep 20164:29 pmRNSGeneral Update
1st Sep 201610:47 amRNSBoard Restructure and Corporate Reinvigoration
26th Aug 201612:18 pmRNSIssue of Equity
1st Aug 201611:36 amRNSGeneral Update
28th Jul 20167:00 amRNSHerencia Completes Paguanta Sale
18th Jul 20167:30 amRNSRestoration - Herencia Resources Plc
18th Jul 20167:00 amRNSFinal Results
4th Jul 201612:34 pmRNSUpdate - sale of Paguanta
30th Jun 20164:00 pmRNSSuspension - Herencia Resources Plc
30th Jun 20164:00 pmRNSTemporary Suspension of Trading
29th Jun 20163:05 pmRNSResult of Annual General Meeting
15th Jun 20169:14 amRNSFormal Documentation for Sale of Paguanta
7th Jun 20167:00 amRNSHerencia Secures up to US$150,000 Funding
7th Jun 20167:00 amRNSUpdate on the Sale of Paguanta
6th Jun 20162:46 pmRNSNotice of AGM
1st Jun 20164:47 pmRNSUpdate
13th May 20164:25 pmRNSNotice of GM
10th May 20167:00 amRNSOffer for Paguanta and Updates
28th Apr 20169:34 amRNSNext Minerals & Working Capital Update
22nd Apr 20167:00 amRNSFunding Update
15th Apr 20169:43 amRNSLoan Update & Board Changes
14th Apr 20163:50 pmRNSFunding Update
5th Apr 20161:12 pmRNSConditional Funding / Working Capital Update
1st Apr 201611:12 amRNSPrice Movement
24th Mar 20164:32 pmRNSGeneral Meeting Update
18th Mar 201612:43 pmRNSAdditional Funds for Working Capital Update
7th Mar 201610:10 amRNSFunding Update
26th Feb 20161:59 pmRNSShort Term Loan

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.