9th Sep 2009 07:52
9 September 2009
Herencia Resources plc
("Herencia" or the "Company")
'Exploitation' (Mining) Tenements Granted for the Paguanta Project
Entire Project Area Now Covered by 'Exploitation' Tenements
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 pleased to announce that the remaining 10 'Exploitation' tenements have now been granted for the project.
This brings the total number of 'Exploitation' tenements granted for the Paguanta Project to 14, encompassing 39 km². Subject to various approvals processes, an 'Exploitation' tenement allows for mining and processing to occur.
Commenting on the granting of the tenements, Herencia's Managing Director Michael Bohm stated:
"We are extremely pleased with this latest milestone for the Paguanta Project, which is the culmination of over 12 months diligent work by our personnel in Chile. The entire Project Area is now covered by exploitation tenements, encompassing the area of the Paguanta Mineral Resource and all proposed project infrastructure.
With zinc and lead prices improving, achieving this significant milestone is another hurdle cleared along the path to eventual project development".
Further background details on the Company and the Paguanta Project can be found
at www.herenciaresources.com
Enquiries:
|
HERENCIA RESOURCES PLC |
|
|
Michael Bohm |
+61 8 9211 0600 |
|
WH IRELAND LIMITED |
|
|
Katy Mitchell |
+44 161 832 2174 |
Related Shares:
Herencia Resources