Herencia Resources plc – Final Assay Results for ‘Patricia’

Herencia Resources plc – Final Assay Results for ‘Patricia’

Herencia Resources Plc, the exploration and development company with a primary focus on identifying mineral resource opportunities in South America, is pleased to announce final assay results for the 2008 drill program, recently completed at the Company’s 70% owned Paguanta Project in northern Chile.

Highlights:

  • 11,043m drilling completed at the ‘Patricia’ zinc-lead-silver deposit and the ‘La Rosa’ porphyry-copper prospect
  • Multiple high grade assay results returned, with significant widths at depth
  • Continued thick intercepts of high grade mineralisation for the Cathedral Vein
  • Resource update for the ‘Patricia’ deposit underway

The 2008 Diamond (“DD”) and Reverse Circulation (“RC”) drilling program at the ‘Patricia’ zinc-lead-silver deposit and the ‘La Rosa’ porphyry-copper prospect has been completed with at total of 84 holes for 11,043m drilled (9,986m at ‘Patricia’ and 1,057m at ‘La Rosa’).
Assay results for ‘Patricia’ have continued to return high grade intercepts and extension of mineralised veins at depth.
Assay results for ‘La Rosa’, located 3km to the north of ‘Patricia’, are expected in October 2008.

A summary of all significant final assay results received for ‘Patricia’ from the 2008 drilling program is available from the company website.

The latest assay results continue to highlight the resource potential of the Cathedral Vein, with thick intercepts of high grade mineralisation. In particular, diamond hole PTDD032 intercepted a 20m (downhole) zone of mineralisation on the Cathedral Vein footwall at a shallow depth (from 25m) with the additional presence of gold. Wide high grade intercepts of mineralisation are also present on the Cathedral Hanging Wall Vein.

Work is now underway to update the ‘Patricia’ mineral resource statement which is scheduled for completion in October 2008. Golder Associates will be commencing a Scoping Study in October with a view to completing this work by the end of November 2008.

Executive Director, Michael Bohm commented:
“The successful completion of the 2008 Paguanta drill program within budget is a major milestone for the Company.The high grade assay results received at ‘Patricia’ indicate both favorable widths of mineralization and strong potential for depth extension. We look forward to updating the mineral resource and commencing the Scoping Study next month. I would like to congratulate the team in Chile for completing the work in a safe and timely manner.”

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