27th Oct 2010 14:08
27 October 2010
Herencia Resources plc
("Herencia" or the "Company")More High Grade Copper and Silver Assays at 'Doris'
(Paguanta Project in Northern Chile)
Highlights:
·; 'Doris' generates more high-grade copper and silver assay results at surface
·; Copper assays up to 5.1% copper
·; Silver assays up to 359ppm silver
·; North-west trending structure represents 'walk-up' drill target
·; All sample sites located entirely within the existing Paguanta mining tenements
Herencia Resources Plc (AIM: HER) is pleased to advise that it has received further high grade Copper and Silver assay results from its Paguanta Project in northern Chile. These results were obtained from recent surface sampling at the 'Doris' prospect. High grade assay results were returned from samples 813083 (3.12% copper and 312ppm silver), 813084 (5.12% copper and 228ppm silver) and 813085 (4.2% copper and 359ppm silver) and were taken from a north-west trending structure located on the western half of the 'Doris' target and a further 400m west of the area previously returning high surface grades (as announced to the market on 12 August and 10 September 2010). Samples taken in the area are presented in Table 1.
Table 1: Surface sampling assay results
Sample No. | Northing | Easting | Copper Grade (%) | Silver Grade (ppm) |
813080 | 7810749 | 495314 | 0.03 | 3 |
813081 | 7810752 | 495318 | 0.47 | 53 |
813082 | 7810578 | 495169 | 0.03 | 1 |
813083 | 7810859 | 495100 | 3.12 | 312 |
813084 | 7810856 | 495102 | 5.12 | 228 |
813085 | 7810852 | 495106 | 4.20 | 359 |
813086 | 7811028 | 495474 | 0.17 | 1 |
All samples assayed by ALS La Serena 1kg 85% passing 75 micron HF-HNO3 - HClO4 + HCl digest and AAS
Au-AA23, Ag, Cu, Pb and Zn-AA62 ore grade finish DL - Pb 0.01-30%, Zn 0.01 -30%, Ag 1-1500ppm, Cu 0.01-50%
Sample ID co-ordinate grid is PSAD56 UTM Zone 19S.
The 'Doris' surface sampling program has demonstrated that this prospect appears well mineralised for Copper and Silver (and potentially Lead given sample 813085 assayed 0.33% Lead and previous announced surface samples at Doris have returned assay results up to 1.64% Lead), providing the Company with a highly prospective 'walk-up' drill target.
To investigate this new Copper/Silver target a geophysical survey is being planned, possibly for December, followed by a geological/geophysical interpretation in January 2011 in readiness for a potential start to drilling in 1Q2011.
Commenting on the results, Managing Director Michael Bohm stated:
"The 'Doris' prospect has very quickly developed into a high priority Copper-Silver opportunity for Herencia. We are located in the world-class Chilean copper belt, surrounded by large copper projects and our continuing high grade surface assay results at Doris further highlight the opportunity for a potential copper/silver discovery in close proximity to our Patricia zinc-lead-silver-gold deposit."
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. Both Mr Bohm and Mr Valverde have consented to the inclusion of the material in the form and context in which it appears.
Enquiries:
Herencia Resources plc
| Michael Bohm | +61 8 9211 0600 |
WH Ireland Limited
| Katy Mitchell | +44 113 239 4669 |
City Profile | Simon Courtenay | +44 207 448 3244 |
Related Shares:
Herencia Resources