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(HER.L) Herencia Resources PLC Buy/Sell

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Date/Time	Headline	Source
1
13-01-10	Herencia Resources - Project Update - Paguanta Project	RNS
RNS Number : 4730F Herencia Resources PLC 13 January 2010 Herencia Resources plc ("Herencia" or the "Company") Project Update - Paguanta Project (Chile) Highlights: MAJOR DRILLING ENGAGED TO UNDERTAKE DIAMOND DRILL PROGRAM AT PAGUANTA PROJECT DRILLING SCHEDULED TO COMMENCE IN FEBRUARY 2010 AS PLANNED RECRUITMENT OF GEOLOGICAL MANAGEMENT TEAM COMPLETE Herencia Resources Plc (AIM: HER), is please to provide an update on its Paguanta zinc-silver-lead-gold Project in northern Chile: SPECIALIST DRILL CONTRACTOR, MAJOR DRILLING, HAS BEEN ENGAGED TO UNDERTAKE THE NEXT DRILL PROGRAM AT PAGUANTA. THE PROGRAM WILL CONSIST OF APPROXIMATELY 3,500M OF DIAMOND DRILLING AND WILL TARGET POTENTIAL HIGH GRADE EXTENSIONS TO THE KNOWN MINERALISATION IMMEDIATELY ALONG STRIKE AND DOWN DIP OF THE HOLES THAT RETURNED HIGH GRADE ASSAY RESULTS IN THE PREVIOUS DRILLING PROGRAM IN 2008. DRILLING IS SCHEDULED TO COMMENCE IN THE SECOND WEEK OF FEBRUARY 2010. SUBJECT TO THIS TIMETABLE BEING MAINTAINED, FIRST ASSAY RESULTS COULD BE AVAILABLE IN EARLY-APRIL 2010. HERENCIA'S JOINT VENTURE COMPANY COMPANIA MINERA PAGUANTA (CMP), HAS RECRUITED ANTONIO VALVERDE AND BILL FEYERABEND TO OVERSEE THE DRILLING PROGRAM. BOTH GENTLEMEN ARE EXPERIENCED SENIOR GEOLOGISTS. MR VALVERDE HAS EXTENSIVE OPERATING EXPERIENCE IN CHILE AND MR FEYERABEND HAS BEEN INVOLVED WITH ALL THREE PREVIOUS DRILLING PROGRAMS AT PAGUANTA. HERENCIA'S CHILEAN JOINT VENTURE PARTNER COSTA RICA DOS HAS CONFIRMED THEY WILL CONTRIBUTE TO MAINTAIN THEIR 30% STAKE IN THE PROJECT. THE CONSULTING FIRM RUNGE HAS COMPLETED A REVIEW OF THE GOLD ASSAY RESULTS ACHIEVED AT PAGUANTA. PREVIOUSLY, SAMPLES WITH SILVER GRADES IN EXCESS OF 50PPM WERE RE-ASSAYED FOR GOLD. AS A RESULT OF THE WORK CARRIED OUT BY RUNGE, IT HAS BEEN DECIDED TO RE-ASSAY ALL SAMPLES WITHIN THE EXISTING MINERAL RESOURCE ENVELOPE FOR GOLD. THIS WORK WILL COMMENCE IN FEBRUARY IN CONJUNCTION WITH THE START OF DRILLING. Commenting on the update, Managing Director Michael Bohm stated: "It is pleasing to report that we are on schedule for a February 2010 start to drilling at Paguanta. The funds from our raising in October2009 only hit the bank account a few weeks ago, so we are not resting on our laurels. Our goal remains to have the drilling completed in May 2010, with assay results coming in over the April-June period, allowing for the Mineral Resource Estimate to be updated by mid-2010. With positive drilling results, the Company would be looking to potentially move to a Feasibility Study phase in the third quarter of 2010. With zinc, lead, silver and gold prices all having rallied, by maintaining momentum and achieving positive results the Project could be operational in 2012." Enquiries: `Herencia Resources plc Michael Bohm +61 8 9211 0600` `WH Ireland Limited Katy Mitchell +44 161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END DRLUOARRRWAAAAR More
16-12-09	Herencia Resources - Change of Terms of Options	RNS
RNS Number : 2443E Herencia Resources PLC 16 December 2009 16 December 2009 Herencia Resources plc ("Herencia" or the "Company") Change of Terms of Options The Company confirms that it has, with effect from today, varied the terms of the options over ordinary shares of 0.1p each in the Company, issued to directors of the Company. Options issued to directors of the Company are to be varied so that each option is exercisable at a price of 0.75p and can be exercised at any time until 30 November 2012 (unless otherwise stated), an extension of between 21 and 24 months. The changes can be summarised as follows: `Director Number of Options Old Exercise Price New Exercise Price Expiry Date of` `Options` `John Moore 5,000,000 1.5p 0.75p 30 Nov 2012` `John Russell 5,000,000 1.5p 0.75p 30 Nov 2012` `Michael Bohm 3,800,000 1.5p 0.75p 30 Nov 2012` `Michael Bohm 800,000 3.0p 0.75p 30 Nov 2012` `Michael Bohm 800,000 4.0p 0.75p 30 Nov 2012` `Michael Bohm 10,000,000 1.0p 0.75p 31 Dec 2013` `(unchanged)` The new exercise price of the options represents an approximate 44% premium to the closing price of 0.52p on Tuesday 15 December 2008, a 36% premium to the 0.55p placement price completed in October and an approximate 37% premium to the 1-month VWAP for Herencia. The total number of unlisted options currently in issue is 27,400,000 which represents 3.08% of the issued share capital in the Company on a fully diluted basis. Commenting on the variation, Chairman, John Moore said "No additional options have been issued to Directors. The variation to the options is to incentivise management and directors whilst maintaining the exercise price at a premium to the current market price of the Company's shares". In addition to the above options, Michael Bohm has a direct and indirect interest in 6,301,515 Ordinary Shares in the Company, representing 0.73% of the total issued share capital in the Company. For more information please contact: Michael Bohm, Herencia Resources plc Tel: +61 8 9211 0600 `Katy Mitchell, WH Ireland Limited Tel: +44 (0) 161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END RDSILFSEFILRLIA More
03-12-09	Herencia Resources - Project Update	RNS
RNS Number : 5251D Herencia Resources PLC 03 December 2009 3 December 2009 Herencia Resources plc ("Herencia" or the "Company") Project Update - Paguanta Project (Chile) Herencia Resources Plc (AIM: HER), the development and exploration company with a primary focus on developing its Paguanta zinc-silver-lead-gold Project in northern Chile, is please to provide an update on Project status: · As foreshadowed in our Project Update released to the market on 6 October 2009, the resources consulting firm Runge Limited ("Runge") have completed the design of the next drilling program proposed for Paguanta. The program will consist of up to 15 diamond drill holes ranging in depth from 150m to 425m, for a total drill meterage of approximately 3,500m. The holes will target potential extensions to the mineralisation immediately along strike (east and west) and down dip of the holes that returned high grade assay results in 2008. `· With the successful raising of GBP£1.37 million as announced on 19 October 2009, the Company has proceeded to issue requests for formal (costed) proposals from a number of reputable drilling contractors, currently operating in Chile. Two of the drilling contractors approached have successfully completed drilling programs at Paguanta on previous occasions. It is anticipated that the Company will receive these proposals by mid-December.` `· The Company is well advanced with the recruitment of the site team that will oversee the proposed drilling program. The core field team, that have supported all previous drill programs to date at Paguanta, is still in place. The Company is advancing the appointment of two experienced Geologists to oversee the program.` `· Subject to availability, it is intended to mobilise a diamond drill rig to site in late January 2010, to allow drilling to commence in early February. Subject to this timetable being met, first sample assay results could be available in late-March/early-April 2010.` Commenting on the update, Managing Director Michael Bohm stated: "We were fortunate to be able to keep the Paguanta project site on 'care and maintenance' during 2009 and hence re-establishment of the site for the drill program will be relatively efficient. Our field team have previously completed three successful drill programs at Paguanta. Our goal is to have the actual drilling component completed in May 2010, with all assay results back and the Mineral Resource Estimate updated by mid-year. Subject to the drilling results extending the previously identified high grade zones, we would be looking to potentially commence a Feasibility Study phase during the second half of 2010." Enquiries: `HERENCIA RESOURCES PLC Michael Bohm +61 8 9211 0600` `WH IRELAND LIMITED Katy Mitchell +44 161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END MSCCKNKPCBDKKBK More

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