22nd Mar 2012 07:00
Herencia Resources plc
("Herencia" or the "Company")
·; Drilling Successfully Completed at Guamanga
·; Continued High Grade Assay Results at Paguanta
·; High Grades confirmed from deep hole in Cathedral Vein
Highlights:
·; Drilling program successfully completed at the Guamanga Project
·; High grade zinc, silver and lead results continue to be returned from the Paguanta Project (Patricia)
·; High grade intersections confirmed at depth in the Cathedral Vein at Paguanta
·; Best intersections include:
o 7m at 7.0% zinc, 2.6% lead and 122g/t silver from 73m in PTDD098
o including 4m at 10.3% zinc, 3.4% lead and 159g/t silver
o 3m at 5.8% zinc, 2.2% lead and 160g/t silver in PTDD105 from 102m
o 7m at 5.4% zinc, 1.7% lead and 77g/t silver in PTDD109 from 231m
o 6.1m at 8.9% zinc, 3.4% lead and 205g/t silver in PTDD109 from 258m
Herencia Resources is pleased to advise that the drilling program at the Guamanga Project has been successfully completed on time and on budget. Six diamond holes were drilled on three targets for a total of approximately 1,500m during this program, with hole depths ranging from approximately 100m to 521m. Drilling results are anticipated by early May 2012.
The Company is also pleased to advise of further high grade drill assay results in relation to its Paguanta Project (Herencia 70% owner) in northern Chile:
PTDD098 - successfully intersected the Camp Vein and returned a high grade intersection (with further assay results pending) of:
·; 7.0m at 7.0% zinc, 2.6% lead and 122g/t silver from 73m including
4.0m at 10.3% zinc, 3.4% lead and 159g/t silver
PTDD104 - targeting eastern extensions to the Cathedral Vein, returned a best intersection of:
·; 3m at 3.2% zinc, 2.9% lead and 133g/t silver from 119m
PTDD105 - this hole, targeting the Cathedral Vein, successfully intersected a broad 10m wide zone of mineralisation with a high grade core of :
·; 3m at 5.8% zinc, 2.2% lead and 160g/t silver from 102m
PTDD109 - was successful in confirming high grades in one of the deepest parts of the Cathedral Vein drilled to date with best intersections including:
·; 7m at 5.4% zinc, 1.7% lead and 77g/t silver from 231m; and
·; 6.1m at 8.9% zinc, 3.4% lead and 205g/t silver from 258m
All significant intersections returned to date from this drilling program are presented in Appendix 1. It is anticipated all assay data from the 2011 Patricia drilling program will be returned in April 2012, allowing an updated Mineral Resource Estimate to be published in May 2012.
Herencia's Managing Director Michael Bohm commented "Our team continues to advance both our Projects in Chile. The results from the Guamanga deep drill program will start coming through in April and we look forward to obtaining those results. Completion of this drill program also sees us achieve our drill metreage milestone for Year One of the Project, under the terms of our earn-in Agreement with our joint-venture partner.
At our Paguanta Project, it is also great to see high grade assay results continuing to flow. What is particularly pleasing is the high zinc, silver and lead assay grades returned from PTDD109 over mining widths favourable for mechanised mining/stoping (in this case 6 to 7m down hole widths). This hole is located in one of the deeper parts of the current resource and is one of the deepest holes drilled into the Cathedral Vein. The Cathedral Vein now extends from surface to depths in excess of 250m. We believe the high grades achieved in hole PTDD109 bode well for the potential for future high grade extensions at Patricia - a theme we keep coming back to given the speculation regarding the potential future supply outlook for zinc."
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 Patricia Drilling:
(All widths stated are down-hole intersections)
Hole ID | Easting | Northing | Dip/Az. (degrees) | From (m) | To (m) | Width Down-hole (m) | Zinc Grade (%) | Lead Grade (%) | Silver Grade (g/t) | Gold Grade (g/t) |
PTDD059 | 494942 | 7809421 | -50/095 | 113.07 | 115.05 | 1.98 | 0.60 | 0.20 | 23 | 0.52 |
PTDD060 | 494942 | 7809421 | -65/085 | 98.50 | 99.50 | 1.00 | 0.80 | 0.90 | 107 | 0.01 |
129.50 | 131.00 | 1.50 | 0.62 | 0.28 | 27 | 0.01 | ||||
PTDD061 | 494310 | 7809812 | -45/176 | 35.50 | 37.50 | 2.00 | 2.24 | 0.41 | 36 | 0.05 |
45.00 | 49.95 | 4.95 | 1.83 | 1.22 | 114 | 0.11 | ||||
PTDD063 | 494224 | 7809663 | -54/179 | 142.00 | 143.00 | 1.00 | 1.07 | 0.16 | 10 | 0.05 |
202.00 | 204.40 | 2.40 | 7.07 | 1.54 | 72 | 0.19 | ||||
PTDD064 | 494250 | 7809755 | -47/310 | 30.00 | 34.00 | 4.00 | 2.42 | 0.33 | 40 | 0.13 |
PTDD065 | 494227 | 7809782 | -45/149 | 34.00 | 43.50 | 9.50 | 3.48 | 3.00 | 103 | 0.20 |
including 1.00m @ 7.05% Zn, 6.77% Pb, 247g/t Ag and 0.30g/t Au from 34m | ||||||||||
and 1.00m @ 13.30% Zn, 6.20% Pb, 228g/t Ag and 1.12g/t Au from 42.5m | ||||||||||
52.50 | 57.00 | 4.50 | 5.55 | 2.54 | 120 | 0.18 | ||||
PTDD066 | 494298 | 7809692 | -50/185 | 68.00 | 70.00 | 2.00 | 3.10 | 0.71 | 89 | 0.11 |
189.20 | 193.00 | 3.80 | 1.38 | 0.16 | 18 | 0.06 | ||||
PTDD067 | 494219 | 7809835 | -45/313 | 21.00 | 52.50 | 31.50 | 1.96 | 0.05 | 26 | 0.02 |
including 2.00m @ 4.20% Zn, 0.17% Pb and 4.2g/t Ag from 43.5m | ||||||||||
PTDD068 | 494384 | 7809693 | -48/187 | 61.00 | 62.00 | 1.00 | 1.5 | 0.2 | 17 | 0.05 |
64.50 | 68.50 | 4.00 | 5.2 | 1.9 | 94 | 0.21 | ||||
80.50 | 81.50 | 1.00 | 1.6 | 0.05 | 10 | 0.02 | ||||
126.00 | 127.50 | 1.50 | 1.9 | 1.4 | 95 | 0.18 | ||||
178.00 | 179.00 | 1.00 | 1.8 | 0.3 | 16 | 0.05 | ||||
PTDD069 | 494353 | 7809600 | -53/194 | 90.00 | 91.00 | 1.00 | 1.6 | 0.1 | 17 | 0.24 |
138.00 | 139.00 | 1.00 | 2.37 | 0.65 | 35 | 0.26 | ||||
171.00 | 172.00 | 1.00 | 1.4 | 0.9 | 40 | - | ||||
173.00 | 174.00 | 1.00 | 1.8 | 0.3 | 17 | 0.03 | ||||
191.00 | 192.00 | 1.00 | 2.78 | 0.19 | 16 | 0.05 | ||||
197.00 | 205.00 | 8.00 | 3.33 | 0.69 | 43 | 0.15 | ||||
including 2.00m @ 7.79% Zn, 1.32% Pb, 103g/t Ag & 0.34g/t Au from 203m | ||||||||||
PTDD070 | 494353 | 7809669 | -48/172 | 142.00 | 143.00 | 1.00 | 2.51 | 0.28 | 15 | 0.03 |
PTDD072 | 494657 | 7809652 | -50/201 | 149.20 | 149.90 | 0.70 | 2.4 | 1.0 | 83 | 0.42 |
165.00 | 170.00 | 5.00 | 2.4 | 0.9 | 80 | 0.16 | ||||
175.00 | 176.00 | 1.00 | 3.0 | 0.8 | 87 | 0.67 | ||||
188.90 | 189.55 | 0.65 | 1.5 | 2.5 | 186 | 0.54 | ||||
PTDD073 | 494550 | 7809600 | -54/180 | 43.00 | 47.00 | 4.00 | 0.9 | 5.2 | 237 | 0.16 |
100.00 | 101.00 | 1.00 | 4.0 | 0.4 | 34 | 0.2 | ||||
115.00 | 116.00 | 1.00 | 2.4 | 4.7 | 278 | - | ||||
138.00 | 141.00 | 3.00 | 4.5 | 2.5 | 133 | 0.50 | ||||
181.90 | 188.00 | 6.10 | 3.1 | 1.0 | 77 | 0.18 | ||||
241.00 | 261.00 | 20.00 | 3.0 | 1.4 | 80 | 0.08 | ||||
including 6.00m @ 5.9% Zn, 2.6% Pb, 144g/t Ag and 0.12g/t Au from 253m | ||||||||||
PTDD074 | 494400 | 7809600 | -58/180 | 24.00 | 27.00 | 3.00 | 2.42 | 0.80 | 88 | 0.08 |
165.90 | 173.40 | 7.50 | 9.05 | 1.95 | 103 | 0.21 | ||||
Incl. 3.70m @ 13.60% Zn, 2.13% Pb, 126g/t Ag & 0.28g/t Au from 169.7m | ||||||||||
193.00 | 196.00 | 3.00 | 3.09 | 1.01 | 52 | 0.05 | ||||
including 1.00m @ 6.62% Zn, 1.88% Pb, 99g/t Ag and 0.10g/t Au from 193m | ||||||||||
PTDD075 | 494600 | 7809544 | -60/180 | 54.00 | 58.00 | 4.00 | 2.8 | 1.4 | 120 | 0.13 |
82.00 | 83.00 | 1.00 | 4.1 | 1.9 | 112 | 0.16 | ||||
89.00 | 90.00 | 1.00 | 2.5 | 0.8 | 62 | 0.2 | ||||
216.80 | 220.50 | 3.70 | 2.92 | 1.53 | 73 | 0.10 | ||||
including 1.15m @ 6.0% Zn, 3.08% Pb, 142g/t Ag and 0.21g/t Au | ||||||||||
271.00 | 272.00 | 1.00 | 1.7 | 0.9 | 48 | 0.07 | ||||
PTDD076 | 494309 | 7809668 | -45/180 | 40.00 | 41.00 | 1.00 | 6.0 | 2.7 | 997 | 0.15 |
226.00 | 227.10 | 1.10 | 3.1 | 0.7 | 25 | 0.04 | ||||
227.90 | 229.00 | 1.10 | 1.4 | 0.3 | 16 | 0.04 | ||||
PTDD080 | 494600 | 7809544 | -45/180 | 21.00 | 22.00 | 1.00 | - | - | 64 | 0.41 |
92.50 | 93.70 | 1.20 | - | - | 14 | 0.24 | ||||
173.00 | 183.00 | 10.0 | 1.25 | 0.58 | 40 | 0.07 | ||||
including 2.00m @ 2.1% Zn, 1.0% Pb, 62g/t Ag and 0.14g/t Au | ||||||||||
252.50 | 253.25 | 0.75 | 1.18 | 0.62 | 48 | 0.02 | ||||
PTDD081 | 494287 | 7809800 | -62/192 | 85.50 | 90.10 | 4.60 | 3.70 | 1.8 | 473 | 0.32 |
including 1.5m @ 4.80% Zn, 2.3% Pb, 887g/t Ag and 0.69g/t Au from 85.5m | ||||||||||
PTDD082 | 494208 | 7809684 | -55/323 | 70.00 | 72.00 | 2.00 | 3.6 | 0.8 | 31 | 0.16 |
75.00 | 77.00 | 2.00 | 1.4 | 0.5 | 33 | 0.03 | ||||
99.00 | 100.00 | 1.00 | 1.9 | 0.9 | 22 | 0.04 | ||||
PTDD083 | 494350 | 7809749 | -48/213 | 233.00 | 233.30 | 0.30 | 1.9 | 0.7 | 39 | 0.39 |
PTDD084 | 494654 | 7809638 | -61/180 | 121.00 | 123.00 | 2.00 | 7.0 | 1.3 | 61 | 0.4 |
147.00 | 152.00 | 5.00 | 1.6 | 0.7 | 31 | 0.05 | ||||
PTDD085 | 494360 | 7809417 | -57/323 | 220.00 | 222.00 | 2.00 | 1.3 | 0.8 | 35 | - |
227.00 | 236.00 | 8.00 | 3.8 | 2.09 | 63 | 0.04 | ||||
including 5.00m @ 5.17% Zn, 2.82% Pb, 86g/t Ag and 0.06g/t Au from 230m | ||||||||||
293.75 | 294.30 | 0.55 | 3.8 | 3.7 | 137 | 0.42 | ||||
331.00 | 332.00 | 1.00 | 1.6 | 1.0 | 42 | - | ||||
334.00 | 335.00 | 1.00 | 4.6 | 1.6 | 57 | 0.10 | ||||
337.00 | 340.00 | 3.00 | 3.0 | 0.5 | 23 | 0.30 | ||||
PTDD086 | 494562 | 7809586 | -55/270 | Geotechnical hole - no assay data | ||||||
PTDD087 | 494565 | 7809597 | -50/180 | 59.00 | 62.00 | 3.00 | 1.9 | 0.7 | 36 | 0.16 |
99.90 | 101.50 | 2.00 | 3.1 | 0.5 | 36 | 0.55 | ||||
133.00 | 135.00 | 2.00 | 4.0 | 2.8 | 125 | 0.15 | ||||
182.50 | 183.50 | 1.00 | 1.6 | 0.4 | 116 | 0.15 | ||||
252.00 | 255.00 | 3.00 | 2.0 | 1.1 | 58 | 0.04 | ||||
261.00 | 262.00 | 1.00 | 2.2 | 1.1 | 47 | 0.02 | ||||
PTDD089 | 494542 | 7809575 | -53/195 | 186.50 | 188.00 | 1.50 | 6.8 | 3.0 | 162 | 0.01 |
188.90 | 189.90 | 1.00 | 3.9 | 2.1 | 108 | 0.07 | ||||
206.20 | 208.00 | 1.80 | 1.8 | 1.3 | 65 | 0.05 | ||||
PTDD090A | 494469 | 7809560 | -47/180 | 19.20 | 20.90 | 1.70 | 6.8 | 0.3 | 39 | 0.11 |
45.00 | 45.85 | 0.85 | 1.7 | 0.1 | 11 | 0.05 | ||||
76.00 | 79.00 | 3.00 | 3.4 | 1.1 | 60 | 0.09 | ||||
83.75 | 87.80 | 4.05 | 3.1 | 1.0 | 55 | 0.04 | ||||
PTDD091 | 494483 | 7809554 | -60/180 | 37.70 | 39.00 | 1.30 | 4.0 | 1.5 | 130 | 0.33 |
58.00 | 59.00 | 1.00 | 1.6 | 0.2 | 12 | 0.03 | ||||
63.00 | 64.00 | 1.00 | 1.6 | 0.2 | 10 | 0.05 | ||||
67.00 | 68.00 | 1.00 | 1.6 | 0.1 | 15 | 0.01 | ||||
86.00 | 108.00 | 22.00 | 3.6 | 1.6 | 93 | 0.09 | ||||
including 5.00m @ 10.2% Zn, 4.0% Pb, 248g/t Ag, 0.18 Au from 88m | ||||||||||
including 2.00m @ 16.3% Zn, 7.4% Pb, 478g/t Ag and 0.2 g/t Au from 91m | ||||||||||
112.00 | 120.00 | 8.00 | 8.0 | 0.5 | 45 | 0.02 | ||||
including 1.00m @ 12.2% Zn, 0.3% Pb, 35g/t Ag and 0.08g/t Au from 112m | ||||||||||
and 2.00m @ 16.3% Zn, 0.7% Pb, 75g/t Ag and 0.20 Au from 117m | ||||||||||
PTDD092 | 494935 | 7809365 | -45/0 | NSI to date | ||||||
PTDD093 | 494360 | 7809415 | -50/030 | 78.50 | 79.50 | 1.00 | 2.3 | 1.2 | 68 | 0.15 |
167.50 | 187.50 | 20.00 | 8.0 | 3.8 | 180 | 0.54 | ||||
including 7.10m @ 12.9% Zn,5.1% Pb,266g/t Ag and 1.27 Au from 168.5m | ||||||||||
and 1.00m @ 8.2% Zn, 6.1% Pb, 253g/t Ag and 0.18 Au from 178.5m | ||||||||||
and 5.00m @ 10.0% Zn, 5.6% Pb, 240g/t Ag and 0.26 Au from 180.5m | ||||||||||
PTDD094 | 494353 | 7809743 | -47/188 | 125.00 | 126.00 | 1.00 | 1.3 | 0.2 | 39 | 0.19 |
127.50 | 129.50 | 2.00 | 6.3 | 0.8 | 89 | 0.18 | ||||
219.40 | 220.50 | 1.10 | 1.3 | 4.1 | 100 | 0.01 | ||||
222.50 | 223.50 | 1.00 | 1.5 | 0.9 | 29 | 0.01 | ||||
229.00 | 230.00 | 1.00 | 1.6 | 0.5 | 22 | 0.05 | ||||
PTDD096 | 494521 | 7809047 | -47/180 | 142.00 | 144.00 | 2.00 | 5.9 | 1.10 | 84 | 0.33 |
including 1.00m @ 9.79% Zn,2.18% Pb, 148g/t Ag and 0.59 Au from 143m | ||||||||||
149.00 | 151.00 | 2.00 | 7.3 | 2.65 | 163 | 0.07 | ||||
including 1.00m @ 10.90% Zn, 4.36% Pb, 262g/t Ag & 0.10 Au from 149m | ||||||||||
154.00 | 167.00 | 13.00 | 7.4 | 2.60 | 133 | 0.24 | ||||
including 4.00m @ 11.17% Zn,6.00% Pb, 296/t Ag and 0.37 Au from 154m | ||||||||||
including 1.00m @ 16.35% Zn,12.15% Pb, 624g/t Ag & 0.34 Au from 156m | ||||||||||
and 6.00m @ 6.84% Zn,0.95% Pb,58g/t Ag and 0.18 Au from 161m | ||||||||||
PTDD098 | 494287 | 7809806 | -50/150 | 73.00 | 80.00 | 7.00 | 7.0 | 2.6 | 122 | 0.06 |
including 4.00m @ 10.3% Zn,3.4% Pb, 159g/t Ag from 77m | ||||||||||
PTDD101 | 494545 | 7809569 | -50/180 | 10.00 | 12.00 | 2.00 | - | 5.3 | 174 | 0.60 |
18.00 | 20.00 | 2.00 | - | 1.6 | 129 | 0.17 | ||||
38.00 | 41.50 | 3.50 | 0.8 | 9.2 | 384 | 0.16 | ||||
45.70 | 46.90 | 1.20 | 2.4 | 11.0 | 568 | 0.08 | ||||
119.00 | 121.50 | 2.50 | 4.3 | 8.5 | 372 | 0.27 | ||||
142.90 | 144.00 | 1.10 | 2.0 | 0.8 | 46 | 0.12 | ||||
148.30 | 149.30 | 1.00 | 2.1 | 0.57 | 35 | 0.21 | ||||
158.00 | 159.00 | 1.00 | 2.6 | 1.1 | 56 | 0.04 | ||||
181.00 | 186.30 | 5.30 | 2.4 | 0.7 | 41 | 0.29 | ||||
238.40 | 241.35 | 2.95 | 3.2 | 1.7 | 87 | 0.11 | ||||
244.00 | 246.50 | 2.50 | 2.1 | 0.8 | 46 | 0.06 | ||||
257.30 | 258.50 | 1.20 | 2.0 | 2.0 | 80 | 0.07 | ||||
259.50 | 263.70 | 4.20 | 3.2 | 1.5 | 65 | 0.07 | ||||
276.70 | 277.50 | 0.80 | 1.7 | 0.8 | 50 | 0.04 | ||||
PTDD104 | 494651 | 7809640 | -46/162 | 119.00 | 122.00 | 3.00 | 3.2 | 2.9 | 133 | 0.12 |
151.00 | 152.1 | 1.10 | 1.6 | 0.6 | 31 | 0.08 | ||||
170.00 | 173.85 | 3.85 | 2.2 | 1.0 | 48 | 0.12 | ||||
PTDD105 | 494595 | 7809621 | -55/180 | 75.00 | 92.00 | 17.00 | 1.3 | 0.03 | 3 | - |
96.00 | 106.00 | 10.00 | 2.6 | 0.9 | 68 | 0.12 | ||||
including 3.00m @ 5.8% Zn,2.2% Pb, 160g/t Ag and 0.21g/t Au from 102m | ||||||||||
126.00 | 127.00 | 1.00 | 8.0 | 0.9 | 60 | 0.09 | ||||
133.00 | 134.00 | 1.00 | 3.1 | 0.2 | 18 | 0.04 | ||||
153.00 | 155.00 | 2.00 | 1.8 | 1.6 | 357 | 0.18 | ||||
165.00 | 166.00 | 1.00 | 3.0 | 0.6 | 32 | 0.03 | ||||
177.00 | 178.00 | 1.00 | 2.5 | 0.1 | 15 | 0.15 | ||||
181.00 | 183.00 | 2.00 | 2.4 | 4.1 | 145 | 0.07 | ||||
PTDD108 | 4942271 | 7810382 | -62/145 | 71.00 | 73.00 | 2.00 | 2.8 | 1.4 | 77 | 0.05 |
75.00 | 77.00 | 2.00 | 1.8 | 0.8 | 45 | 0.04 | ||||
92.90 | 94.00 | 1.10 | 6.2 | 1.2 | 71 | 0.07 | ||||
102.00 | 103.00 | 1.00 | 1.6 | 0.8 | 80 | 0.23 | ||||
104.00 | 106.00 | 2.00 | 2.2 | 1.1 | 94 | 0.10 | ||||
108.00 | 112.00 | 4.00 | 2.6 | 1.4 | 112 | 0.13 | ||||
including 1.00m @ 5.1% Zn,3.0% Pb, 224g/t Ag and 0.35g/t Au from 109m | ||||||||||
PTDD109 | 494531 | 7809650 | -60/180 | 228.00 | 239.00 | 11.00 | 4.3 | 1.3 | 57 | 0.08 |
including 7.00m @ 5.4% Zn,1.7% Pb, 77g/t Ag and 0.09g/t Au from 231m | ||||||||||
249.00 | 250.00 | 1.00 | 2.0 | 1.3 | 80 | 0.09 | ||||
252.10 | 254.00 | 1.90 | 3.6 | 0.9 | 54 | 0.13 | ||||
258.00 | 264.10 | 6.10 | 8.9 | 3.4 | 205 | 0.29 | ||||
PTDD110 | 494528 | 7809650 | -54/180 | 145.00 | 146.00 | 1.00 | 3.6 | 1.4 | 75 | 0.02 |
PTDD118 | 494287 | 7809738 | -48/115 | 86.00 | 90.00 | 4.00 | 2.1 | 1.1 | 59 | 0.04 |
112.00 | 113.00 | 1.00 | 11.1 | 7.8 | 239 | 0.07 | ||||
PTDD112 | 494408 | 7809843 | -50/180 | 95.00 | 96.00 | 1.00 | 2.9 | 0.8 | 33 | 0.04 |
103.00 | 104.00 | 1.00 | 2.0 | 1.1 | 37 | 0.03 | ||||
105.00 | 106.00 | 1.00 | 1.4 | 0.3 | 16 | 0.02 | ||||
·; All samples assayed by ALS Laboratory Group, Chile
·; Crushing all sample 70% < 2mm; quirting to 1 Kg; and powdered 85% < 75 µm
·; Zn-Pb-Ag-ME ICP41 method or AA46 ore grade for Pb 0.01-30%, Zn 0.01 -30% Ag 1-1500ppm
·; 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
**ENDS**
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