RNS Number : 7905I
Herencia Resources PLC
18 March 2010
Herencia Resources plc
("Herencia" or the "Company")
Gold Assay Results - Paguanta Project
Highlights:
· Majority of holes within the existing resource envelope intersected gold mineralisation
· Significant gold intersections to date include:
o 8m @ 1.53g/t gold in PTRC040 (including 1m @ 3.38g/t and 1m @ 3.09g/t)
o 7m @ 1.16g/t gold in PTRC001 (including 1m @ 3.11g/t)
o 3m @ 1.02g/t gold in PTDD029
o 4m @ 0.86g/t gold in PTDD010
o 1m @ 4.57g/t gold in PTDD003
· Potential for gold credits to enhance future Project economics
Herencia Resources Plc (AIM:HER) is pleased to provide gold assay results from drill samples within the mineralised resource envelope at the Paguanta Project in northern Chile. Numerous gold intersections are summarised as follows:
· PTDD003 - 1m @ 4.57g/t gold from 80m
· PTDD003 - 3m @ 0.77g/t gold from 94m (including 1m @ 1.65g/t)
· PTDD004 - 5m @0.69g/t gold from 84m (including 2m @ 1.16g/t)
· PTDD010 - 4m @ 0.86g/t gold from 38m (including 2m @ 1.35g/t)
· PTDD015- 4m @ 0.78g/t gold from 217.5m
· PTDD018 - 2m @ 0.43g/t gold from 214.5m
· PTDD024 - 2m @ 0.44g/t gold from 193.5m
· PTDD024 - 3.5m @ 0.41g/t gold from 204.5m
· PTDD025 - 3m @ 0.83g/t gold from 42.5m
· PTDD026 - 4m @ 0.51g/t gold from 118.5m
· PTDD028 - 4.5m @ 0.42g/t gold from 24m
· PTDD029 - 3m @1.02g/t gold from 71m
· PTDD030 - 3m @ 0.53g/t gold from 37m
· PTDD031 - 1m @ 0.49g/t gold from 38m
· PTDD031 - 6m @0.66g/t gold from 125m (including 1.5m @ 1.59g/t)
· PTDD032 - 7m @ 0.44g/t gold from 31m
· PTDD032 - 1.5m @ 0.62g/t gold from 57m
· PTDD032 - 1.5m @ 0.97g/t gold from 64.5m
· PTDD034 - 2m @ 0.43g/t gold from 7m
· PTRC001 - 3m @ 0.87g/t gold from 27m
· PTRC001 - 7m @ 1.16g/t gold from 34m (including 1m @ 3.11g/t)
· PTRC006 - 8m @ 0.49g/t gold from 109m
· PTRC007 - 2m @ 0.43g/t gold from 90m
· PTRC007 - 2m @ 0.45g/t gold from 93m
· PTRC007 - 6m @ 0.45g/t gold from 100m
· PTRC008 - 4m @ 0.43g/t gold from 71m
· PTRC014 - 2m @ 0.56g/t gold from 7m
· PTRC014 - 1m @ 0.72g/t gold from 20m
· PTRC014 - 3m @ 0.85g/t gold from 24m (including 1m @ 1.95g/t)
· PTRC014 - 3m @ 0.51g/t gold from 106m
· PTRC015 - 3m @ 0.46g/t gold from 100m
· PTRC016 - 2m @ 0.48g/t gold from 100m
· PTRC021 - 2m @ 0.43g/t gold from 51m
· PTRC032 - 1m @ 0.66g/t gold from 82m
· PTRC040 - 8m @ 1.53g/t gold from 17m (including 1m @ 3.38g/t and 1m @ 3.09g/t)
· PTRC043 - 2m @ 0.49g/t gold from 87m
· PTRC058 - 4m @ 0.48g/t gold from 38m
· PTRC059 - 1m @ 3.02g/t gold from 52m
· PTRC060 - 2m @ 0.57g/t gold from 161m
· PTRC061 - 4m @ 0.52g/t gold from 132m
· PTRC066 - 3m @ 0.76g/t gold from 53m (including 1m @ 1.62g/t)
· PTRC068 - 2m @ 0.53g/t gold from 10m
· PTRC088 - 1m @ 3.55g/t gold from 47m
· PTRC089 - 2m @ 0.53g/t gold from 63m
· PTRC091 - 2m @ 0.64g/t gold from 125m
· PTRC096 - 2m @ 0.43g/t gold from 80m
· PTRC097 - 2m @ 0.42g/t gold from 30m
· PTRC100 - 1m @ 0.56g/t gold from 15m
· PTRC104 - 2m @ 0.62g/t gold from 12m
· PTRC105 - 2m @ 0.53g/t gold from 76m
These results support gold assays received from drilling and bulk sampling programs undertaken in 2008. Notably, over 80% of holes drilled within the existing resource envelope have now reported gold mineralisation.
In light of these positive gold results, the Company will assay all samples from the current 2010 diamond drill program for gold (in addition to assaying for base metals). As previously advised, this drill program is targeting potential high grade extensions to the known mineralisation immediately along strike and down dip from previous holes that returned high grade zinc-lead-silver assays.
Commenting on the results, Managing Director Michael Bohm stated:
"Whilst the focus remains on zinc, lead and silver, we are very encouraged by the growing potential for a gold credit at the Paguanta Project based on the consistent broad gold intersections reported to date and the obvious potential to enhance Project economics.
We are also excited by what the significance of gold might be in terms of further geological prospectivity on our Paguanta leases, particularly given the Project is situated within one of the world's great mineralised belts. This is in addition to further depth potential at Paguanta itself and the porphyry-copper prospectivity at La Rosa located only 3km away within the same block of granted tenements."
Please refer to Appendix 1 for further drill hole details.
Enquiries:
Herencia Resources plc Michael Bohm +61 8 9211 0600
WH Ireland Limited Katy Mitchell +44 161 832 2174
Hole ID Easting Northing Dip/Azimuth From To Width Gold Grade
(degrees) (m) (m) (m) ( g/t)
PTDD003 494166 7809801 -50/180 80 81 1 4.57
94 97 3 0.77
including 1m @ 1.65g/t
PTDD004 494441 7809562 -52/180 84 89 5 0.69
including 1m @ 1.16g/t
PTDD010 494325 7809553 -52/180 38 42 4 0.86
including 2m @ 1.35g/t
PTDD015 494322 7809718 -60/200 217.5 221.5 4 0.78
PTDD018 494381 7809738 -60/180 214.5 216.5 2 0.43
PTDD024 494325 7809563 -70/180 193.5 195.5 2 0.44
204.5 208 3.5 0.41
PTDD025 494177 7809714 -45/360 42.5 45.5 3 0.83
PTDD026 494436 7809690 -76/130 118.5 122.5 4 0.51
PTDD028 494355 7809530 -45/180 24 28.5 4.5 0.42
PTDD029 494433 7809547 -45/180 71 74 3 1.02
PTDD030 494386 7809532 -45/176 37 40 3 0.53
PTDD031 494404 7809529 -45/185 38 39 1 0.49
125 131 6 0.66
including 1.5m @ 1.60g/t
PTDD032 494301 7809551 -45/180 31 38 7 0.44
57 58.5 1.5 0.62
64.5 66 1.5 0.97
PTDD034 494545 7809568 -45/200 7 9 2 0.43
PTRC001 494165 7809833 -60/180.7 27 30 3 0.87
34 41 7 1.16
including 1.0m @ 3.11g/t
PTRC006 494435 7809556 -62/178.9 109 117 8 0.49
PTRC007 -61/159.9 90 92 2 0.43
93 95 2 0.45
100 106 6 0.45
PTRC008 494392 7809548 -51/158.5 71 75 4 0.43
PTRC014 494541 7809569 -53/202.7 7 9 2 0.56
20 21 1 0.72
24 27 3 0.85
including 1.0m @ 1.95g/t
106 109 3 0.51
PTRC015 494544 7809578 -65/210 100 103 3 0.46
PTRC016 494562 7809599 -58/182.9 100 102 2 0.48
PTRC021 495021 7809480 -55/181.5 51 53 2 0.43
PTRC032 494383 7809714 -61/175.3 82 83 1 0.66
PTRC040 494155 7809699 -58/009.3 17 25 8 1.53
including 1.0m @ 3.38g/t
and 1.0m @ 3.09g/t
PTRC043 494309 7809812 -51/170.4 87 89 2 0.49
PTRC058 494128 7809652 -59/006.7 38 42 4 0.48
PTRC059 494154 7809684 -69/010.7 52 53 1 3.02
PTRC060 494542 7809574 -46/233.7 161 163 2 0.57
PTRC061 494543 7809575 -65/236.7 132 134 4 0.52
PTRC066 494130 7809782 -57/007.3 53 56 3 0.76
including 1.0m @ 1.62g/t
PTRC068 494131 7809760 -60/002.9 10 12 2 0.53
PTRC088 494401 7809688 -66/134.7 47 48 1 3.55
PTRC089 494401 7809688 -51/133.4 63 65 2 0.53
PTRC091 494213 7809475 -65/004.7 125 127 2 0.64
PTRC096 494383 7809554 -63/182 80 82 2 0.43
PTRC097 494298 7809553 -53/181.4 30 32 2 0.42
PTRC100 494333 7809656 -49/178.1 15 16 1 0.56
PTRC104 494291 7809800 -60/180 12 14 2 0.62
PTRC105 494288 7809800 -58/183.7 76 78 2 0.53
Appendix 1
Grade intersections quoted are those with average gold grade above 0.40 g/t
Meterage quoted relate to down-hole intersections
All holes assayed by ALS La Serena
Au by fire assay technique - either AAS AA24 or AAS AA23 ore grade finish
Hole ID co-ordinate grid is PSAD56 UTM Zone 19S.
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