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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
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
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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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