13th Feb 2012 09:36
Herencia Resources plc
("Herencia" or the "Company")Copper & Gold grades confirmed at the Guamanga Project
Herencia Resources is pleased to provide the first drill results from the initial eleven hole diamond drilling program at the Guamanga Copper-Gold Project (Herencia earning 51%), located to the north of Copiapo in northern Chile.
Assay results have been returned from four holes of the 11 holes drilled with GUADD002, GUADD003 and GUADD005 all intersecting copper-gold mineralisation. Best results included:
·; 10.0m at 1.1% copper and 0.63g/t gold from 25m in drill hole GUADD002 including 5.0m at 1.7% copper and 1.07g/t gold
·; 15.0m at 0.8% copper and 0.35g/t gold from 17m in drill hole GUADD003 including 6.0m at 1.0% copper and 0.42g/t gold
·; 6.0m at 1.3% copper and 0.49g/t gold from 5m in drill hole GUADD005
All significant intersections returned to date are presented in Appendix 1.
Herencia's Managing Director Michael Bohm commented "We are very encouraged by these positive copper and gold results from Guamanga. Our goal was to confirm and extend the existing zones of near-surface copper and gold mineralisation and we have successfully achieved this objective. The grades and widths seen close to surface are a positive outcome for us".
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, Broker Profile +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. Mr Bohm and Mr Valverde have consented to the inclusion of the material in the form and context in which it appears.
Appendix 1 - Assay Results from 2011 Guamanga Drill Program (all widths stated are down-hole intersections)
Hole ID | Easting | Northing | Dip/Az. (degrees) | From (m) | To (m) | Width Down-hole (m) | Copper Grade (%) | Gold Grade (g/t) | Cobalt Grade (ppm) |
GUADD001 | 364,100 | 7,044,027 | -72/275 | No Significant Intersections | |||||
GUADD002 | 364,110 | 7,044,078 | -68/270 | 25.00 | 35.00 | 10.00 | 1.1 | 0.63 | 84 |
including 5.00m @ 1.7% Cu, 1.07g/t Au from 25m | |||||||||
41.00 | 43.00 | 2.00 | 0.5 | 0.28 | 74 | ||||
GUADD003 | 364,092 | 7,044,047 | -68/280 | 17.00 | 32.00 | 15.00 | 0.8 | 0.35 | 61 |
including 6.00m @ 1.0% Cu, 0.42g/t Au from 17m | |||||||||
43.00 | 54.00 | 11.00 | 0.66 | 0.22 | 58 | ||||
60.00 | 63.00 | 3.00 | 0.63 | 0.27 | 67 | ||||
69.00 | 71.00 | 2.00 | 0.80 | 0.34 | 67 | ||||
GUADD005 | 364,099 | 7,044,144 | -73/270 | 5.00 | 11.00 | 6.00 | 1.3 | 0.49 | 121 |
14.00 | 16.00 | 2.00 | 1.0 | 0.22 | 125 | ||||
19.00 | 21.00 | 2.00 | 0.8 | 0.21 | 128 | ||||
·; All samples assayed by ALS Laboratory Group, Chile
·; Crushing all sample 70% < 2mm; quirting to 1 Kg; and powdered 85% < 75 µm
·; Total Copper Cu-AA62 (4 acid near total digestion and ICP finish, 0.01-40%)
·; Co - ME ICP41 method
·; Au - AA23 ore grade finish Au 0.005 - 10ppm Au fire assay
·; Hole ID co-ordinate grid is PSAD56 UTM Zone 19S
Further background details on the Company can be found at www.herenciaresources.com
Related Shares:
Herencia Resources