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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
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31st May 201111:00 amRNSNew Copper-Gold Project Agreement Signed
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27th May 20117:00 amRNSProject Update
18th May 20119:55 amRNSProject Update
9th May 201110:53 amRNSProject Update
19th Apr 201110:58 amRNSFinal Results
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11th Mar 20117:00 amRNSDrilling Commences at Paguanta
28th Feb 20111:34 pmRNSDrilling Update
3rd Feb 20114:12 pmRNSNew Copper-Gold Project Opportunity
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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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