Herencia Resources Plc (HER)

Herencia Resources Plc (HER)

Herencia Resources Plc - Drilling Commenced at Paguanta Project

Herencia Resources Plc, the exploration and development company with a primary focus on identifying resource opportunities in South America, is pleased to announce the commencement of its drilling programme at its 70% owned Paguanta Project in northern Chile.

One of the main targets within the project is the Patricia asset which contains an Inferred Mineral Resources of 2.5Mt grading 4.1% Zn, 1.3% Pb and 77g/t Ag at a 2%Zn cut-off.   These results were announced to the market last year. 

The commencement of drilling at ‘Patricia’, using diamond drilling equipment, marks the beginning of a 10,000m programme at the Paguanta Project.  The drilling programme is planned to expand and upgrade the existing ‘Patricia’ resource and test the major geophysical anomaly at the porphyry-copper target called ‘La Rosa’, located 3km to the south of ‘Patricia’ on the same contiguous tenement group.

The first assay results are expected to be received in July/August 2008 with an updated mineral resource scheduled for general release toward year end.

Further background details on the Company and the Paguanta Project can be found at www.herenciaresources.com

No Comments

Post a Comment