19th Sep 2007 10:28
Herencia Resources PLC19 September 2007 Herencia Resources plc ("Herencia" or the "Company") Final Assay Results Received For Paguanta Drill Program High Grades Achieved In All Three Veins Highlights: • Mineralisation intersected in 40 of the 50 holes drilled • High grade zinc, silver and lead assay results achieved in all three veins • Best results in each vein: o Cathedral - 5m @ 13.7% zinc, 222 g/t silver and 3.9% lead from 113m in PTRC014 o Central - 5m @ 13.9% zinc, 146 g/t silver and 1.5% lead from 20m in PTRC040 o Camp - 9m at 11.2% zinc, 257 g/t silver and 4.2% lead from 84m in hole PTRC043 • Strike length of over 800m on Cathedral vein and 300m on Central and Camp veins • Investigation of Paguanta's Resource potential underway Paguanta Project Herencia Resources Plc holds a 50% interest in the Paguanta Project in NorthernChile and is in the process of increasing this interest to 70%. The Project,located on the northern end of the Chilean Porphyry Copper Belt, isapproximately 150km east of the port of Iquique and 20 km south of a nationalhighway. Drilling Program The reverse circulation (RC) drill program was successfully completed in lateAugust with 50 holes completed for a total of 5,889m drilled. Assays resultsfor all 50 holes drilled in the program have been received with the majority ofholes intersecting mineralisation. Significant assay results are tabled below: Hole ID Width From Zinc % Silver (g/t) Lead % Comment PTRC001 24m 18m 4.36 86 1.29 Camp veinincludes 3m 27m 5.55 61 1.08 0.87 g/t Au 7m 34m 8.13 192 2.42 1.15 g/t AuPTRC002 2m 19m - 85 1.48 Camp veinPTRC003 2m 33m - 36 - Camp veinPTRC005 4m 6m - 60 - Camp vein 8m 73m - 36 -PTRC006 33m 107m 4.28 59 1.00 Cathedral veinincludes 9m 108m 8.53 116 1.68 0.43 g/t Auincludes 1m 127m 10.05 34 0.66includes 4m 135m 7.37 92 1.85PTRC007 18m 89m 8.45 123 2.61 Cathedral veinincludes 6m 100m 13.27 199 4.49 0.44 g/t AuPTRC008 8m 68m 9.82 280 5.55 Cathedral veinPTRC010 20m 35m 1.57 - - Cathedral veinPTRC011 4m 83m 4.86 94 2.03 Cathedral vein 3m 96m 3.42 87 1.56PTRC012 4m 11m - 44 - Splay from Cathedral veinPTRC013 3m 49m 4.46 73 1.62 Splay from Cathedral vein 4m 76m 2.76 52 1.71 Cathedral veinPTRC014 28m 5m - 40 1.46 Cathedral Hanging-wallincludes 6m 6m - 82 5.05 15m 106m 6.8 92 1.60 Cathedral veinincludes 5m 113m 13.7 222 3.92PTRC015 6m 15m - 49 1.02 Cathedral Hanging-wall 3m 99m 4.45 71 0.77 Cathedral Hanging-wall 4m 105m 4.42 54 1.15 Cathedral Hanging-wall 3m 125m 6.58 22 - Cathedral Hanging-wall 11m 160m 2.50 55 0.93 Cathedral veinPTRC016 11m 84m - 49 0.49 Cathedral Hanging-wall 5m 98m 3.74 80 0.91 Cathedral Hanging-wall 4m 148m 5.05 29 0.31 Cathedral veinPTRC017 13m 60m 2.24 91 1.31 Cathedral veinincludes 4m 60m 5.15 140 2.6 Cathedral veinPTRC018 2m 62m 3.51 104 1.97 Cathedral Hanging-wall 4m 72m 2.22 41 0.88 Cathedral Hanging-wall 13m 82m 1.56 45 0.74 Cathedral veinincludes 3m 82m 2.91 88 1.66 Hole ID Width From Zinc % Silver (g/t) Lead % Comment PTRC019 2m 43m - 50 - Exploration holePTRC021 4m 42m - 73 - Exploration hole 10m 49m 2.56 305 1.4includes 4m 43m 5.69 670 3.14 Cathedral vein extensionPTRC022 7m 12m - 104 - Exploration holeincludes 1m 13m - 437 -PTRC025 4m 22m 1.21 26 0.26 Cathedral Hanging-wallPTRC026 5m 44m 1.71 169 1.18 Cathedral Hanging-wall 1m 126m 3.48 44 0.92 Cathedral veinPTRC029 2m 47m 4.52 - - Cathedral veinPTRC030 3m 67m 2.78 110 0.93 Central veinPTRC031 2m 30m 3.84 29 - Cathedral veinPTRC032 4m 82m 9.34 223 3.41 Central veinPTRC033 7m 112m 6.38 142 2.32 Central veinPTRC034 3m 63m 4.82 104 2.24 Camp veinPTRC036 6m 70m 5.23 173 1.81 Central vein 5m 79m - 34 -PTRC037 4m 6m - 36 - Camp veinPTRC038 8m 16m 2.52 - - Central veinPTRC039 3m 14m - 32 - Central vein splayPTRC040 13m 17m 6.46 99 1.3 Central veinincludes 5m 20m 13.93 146 1.58 1.32g/t Au 3m 34m 3.13 23 0.54 2m 48m 5.37 100 3.5PTRC041 2m 37m - 36 - Camp veinPTRC042 6m 14m - 113 2.94 Camp vein 5m 67m - 93 - Camp vein splayPTRC043 14m 79m 8.51 192 3.19 Camp veinincludes 9m 84m 11.28 257 4.23PTRC044 2m 44m 4.3 - - Cathedral Hanging-wall 8m 65m 3.22 63 1.25 Cathedral veinPTRC046 2m 75m 2.8 74 0.95 Central veinPTRC047 6m 96m 2.0 20 0.41 Central veinPTRC049 3m 104m - 36 0.66 Exploration holePTRC050 5m 137m 1.55 155 0.73 Camp vein Notes: • Zn, Ag, Pb and Au analysed by Atomic Absorption Spectrometry (AAS). • All intervals are downhole widths. Executive Director Michael Bohm commented "It is pleasing that the drill programat Paguanta was completed both on time and on budget - our team in Chile is tobe congratulated on this achievement. We are excited that drilling on allthree vein structures at Paguanta has intersected near surface high grademineralisation. Given the strike extent of known mineralisation in the veins,we look forward to completing investigation work at Paguanta with a view toquantifying an initial resource estimate in the near future. This will allowus to consider our options for a possible open pit development program forPaguanta". A copy of this announcement, including drill hole locations, can be downloadedfrom the Company website. Mr. James Sinclair, Exploration Manager (Chile) for Herencia Resources, hasreviewed the information contained in this announcement. Mr. Sinclair has 12years experience in the resources sector and is a qualified person within thedefinition of the AIM guidelines. Further background details on the Company and the Paguanta Project can be foundat www.herenciaresources.com Contact: Michael Bohm HERENCIA RESOURCES PLC +61 8 9221 7466 DAVID YOUNGMAN WH IRELAND LIMITED +44 161 832 2174 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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