Herencia Resources: Final Assay Results | Company Announcements

Thursday 25 September, 2008

Herencia Resources

Final Assay Results

RNS Number : 2751E

Herencia Resources PLC

25 September 2008

Herencia Resources plc

('Herencia' or the 'Company')

Further Intercepts of High Grade Mineralisation

Final Assay Results for 'Patricia'

Herencia Resources Plc (AIM: HER), 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 provided in Appendix 1.

High grade assay results from the 'Patricia' deposit, in addition to those reported on in August, include:

Cathedral Vein - Diamond hole PTDD032
- 20m @ 3.70% Zn, 0.78% Pb and 38ppm Ag from 25m

including - 2m @ 13.55% Zn, 1.99% Pb, 93ppm Ag and 0.70 ppm Au from 32m

- 2m @ 9.20% Zn, 3.59% Pb and 427ppm Ag and 0.73 ppm Au from 63.5m
Cathedral Vein - RC hole PTRC091
- 15m @ 6.01% Zn, 1.16% Pb and 56ppm Ag from 117m

including 7m @ 10.38% Zn, 1.89% Pb and 97ppm Ag from 121m

Cathedral Vein - RC hole PTRC096
- 11m @ 6.53% Zn, 2.13% Pb and 96ppm Ag from 76m

including - 5m @ 11.13% Zn, 3.19% Pb, 143ppm Ag and 0.30ppm Au from 78m

Central Vein - RC hole PTRC089 (oblique hole)
- 6m @ 4.65% Zn, 1.30% Pb and 149ppm Ag from 63m

including - 3m @ 7.03% Zn, 2.00% Pb, 216ppm Ag from 63m

Camp Vein - RC hole PTRC105
- 8m @ 3.66% Zn, 1.44% Pb and 309ppm Ag from 70m

including - 3m @ 6.48% Zn, 2.37% Pb, 603ppm Ag and 0.39ppm Au from 75m

Note: meterage quoted relates to down-hole width.

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.'

Mr. James Sinclair, Exploration Manager (Chile) for Herencia, has reviewed the information contained in this announcement. Mr. Sinclair has 13 years experience in the resources sector and is a qualified person within the definition of the AIM guidelines.

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 9221 7466

WH IRELAND LIMITED
David Youngman	+44 161 832 2174

PELHAM PUBLIC RELATIONS
Klara Kaczmarek	+44 20 3159 4395
Sergei Stephantsov	+44 20 3178 6241

Appendix 1: Significant Drill Assay Results

Hole ID	East		North		RL			From		Width		Grade								Comments

	(m)		(m)		(m)							Zn %		Pb %	Ag ppm		Au ppm
PTDD013	494,250		7,809,815		3655			38.5m		3.5m		3.73		0.94	28					Rolando Vein

PTDD014	494,165		7,809,760		3702			29m		17m		2.10								Camp NW Supergene Zone

PTDD015	494,325		7,809,725		3720			216.5m		6m		9.86		4.77	349		0.67			Central Vein
Including								220.5m		2m		15.47		4.32	411		0.57

PTDD017	494,355		7,809,540		3772			61.5m		4.5m		8.04		1.40	74					Cathedral Vein

PTDD018	494,385		7,809,740		3724			214m		8m		4.05		2.13	122					Central Vein
Including								214.5m		2.5m		6.68		3.91	249		0.44			Note gold grades
And										2.0m		5.54		2.65	123		0.32			Note gold grades

PTDD019	494,400		7,809,590		3754			160m		10.5m		6.52		2.26	97					Cathedral Vein
Including								162.5m		3.5m		12.89		4.87	202
								179m		2m		3.21		1.21	74

PTDD020	494,170		7,809,710		3710			51.5m		5m		4.56		1.25	42					Rosada Vein

PTDD022	494,321		7,809,718		3723			211m		1.5m		5.32		5.70	173					Central Vein

PTDD024	494,325		7,809,563		3765			183.0m		30m		7.39		0.84	70					Cathedral Vein
Including								193.0m		20m		10.45		0.95	86
Including								199.5m		7m		16.94		1.36	112
Including								200.5m		4m		20.56		1.24	123

PTDD025	494,170		7,809,710		3710			42.5m		4m		4.60		0.33	20					Rosada Vein
Including								42.5m		2.5m		6.26		0.48	28

PTDD026	494,440		7,809,560		3770			115.5m		52.5m		3.82		1.24	80					Cathedral Vein
Including								118.5m		24.5m		6.68		2.01	128					Cathedral Upper Lense
Including								119m		17m		8.39		2.58	164
Including								119m		5m		13.10		8.01	492		0.44
Including								155.5m		9m		1.91		0.94	61					Cathedral Lower Lense

PTDD028		494,355		7,809,560		3776	24.5m		4.5m		6.38		2.83			164		0.40	Cathedral Vein

Hole ID	East	North	RL	From	Width		Grade			Comments

	(m)	(m)	(m)			Zn %	Pb %	Ag ppm	Au Ppm
PTDD029	494,433	7,809,547	3768	67m	8.5m	7.75	1.52	97		Cathedral Vein
Including				67m	3.5m	11.79	1.56	81	0.41

PTDD030	494,386	7,809,532	3776	37.5m	2m	15.43	1.72	101	0.69	Cathedral Vein

PTDD031	494,403	7,809,529	3776	37m	2m	11.87	5.83	327	0.34	Cathedral Vein
				124m	6.5m	3.33	1.08	53		Cathedral Vein Footwall
Including				124m	1.5m	7.50	2.50	113	1.59	Note gold grade

PTDD032	494,300	7,809,550	3767	25m	20m	3.70	0.78	38		Cathedral Vein
Including				32m	2m	13.55	1.99	93	0.70
				53.5m	5m	4.90	1.46	63		Cathedral Vein Footwall
Including					1.5m	10.52	3.48	161	0.70
				63.5m	2m	9.20	3.59	427	0.73	Cathedral Vein Footwall

PTDD033	494,398	7,809,594	3753	254m	5m	3.80	2.90	120		Cathedral Vein - 270 below surface
Including				256.5m	3m	5.47	2.00	150

PTDD034	494,545	7,809,568	3810	38m	14.5m	2.19	4.24	157		Cathedral Vein Hanging Wall
Including				41.5m	4m	3.46	10.12	395

PTRC056	494,250	7,809,760	3700	5m	11m	0.95	1.52	53		Camp Vein
Including				14m	2m	4.63	2.81	112

PTRC058	494,130	7,809,650	3730	36m	8m	4.60	1.80	157		Rosada Vein
Including				39m	3m	8.61	3.16	299	0.48	Note gold grade

PTRC059	494,150	7,809,680	3720	38m	22m	3.20	0.32	18		Rosada Vein
Including				51m	3m	6.61	0.50	42		Rosada Vein, includes 1m @ 3.0ppm Au

PTRC060	494,541	7,809,569	3813	142m	22m	3.43	0.98	49		Broad zone of mineralisation between 2 high grade zones
Including				142m	7m	4.08	1.65	78
Including				142m	4m	6.10	2.45	115		Cathedral Vein
				161m	6m	6.95	1.24	65		Footwall
Including					3m	12.46	2.10	107
					1m	25.2	1.78	104
Hole ID	East	North	RL	From	Width		Grade			Comments

	(m)	(m)	(m)			Zn %	Pb %	Ag ppm	Au Ppm
PTRC061	494,541	7,809,569	3813	80m	15m	1.89				Cathedral Vein
				132m	17m	3.98	1.12	62
Including				132m	5m	8.45	0.90	62	0.51	Note gold grade
				143m	6m	3.40	2.01	99		Footwall

PTRC062	494,350	7,809,755	3715	31m	2m		1.25	338		Camp Vein
				40m	5m	3.78	2.10	160

PTRC063	494,350	7,809,730	3725	62m	10m	2.32	1.09	46		Camp Vein

PTRC065	494,425	7,809,795	3730	72m	2m	3.95	1.6	40		Camp Vein

PTRC066	494,130	7,809,785	3700	52m	4m	4.69	1.98	170		Camp Vein NW
Including					2m	8.57	3.66	366	1.08	Note gold

PTRC067	494,130	7,809,725	3715	35m	3m	2.89	1.57	77		Camp Vein NW

PTRC068	494,130	7,809,770	3720	3m	8m	0.80	1.68	192		Camp Vein NW
Including					2m	1.27	3.37	294	0.52
				27m	3m	0.56	1.71	203

PTRC069	494,100	7,809,675	3724	31m	10m	2.14				Rosada Vein

PTRC074	494,980	7,809,425	3830	75m	4m	1.48	0.80	55		Refugio

PTRC077	494,650	7,809,540	3820	65m	5m	2.93	1.08	164		Cathedral Vein

PTRC079	494,400	7,809,590	3745	158m	9m	6.64	1.38	81		Cathedral Vein

PTRC088	494,400	7,809,688	3740	59m	11m	2.35	0.88	145		Central Vein
Including				59m	3m	4.07	1.28	207
				68m	2m	3.84	2.09	402

PTRC089	494,400	7,809,688	3740	63m	6m	4.65	1.30	149		Central Vein -oblique hole
Including				63m	3m	7.03	2.00	216

PTRC090	494,436	7,809,545	3768	64m	3m	4.39	2.51	143		Cathedral Vein Hanging Wall

PTRC091	494,215	7,809,470	3780	74m	4m	3.20	1.87	71		Cathedral Vein Hanging Wall
				117m	15m	6.01	1.16	56
				121m	7m	10.38	1.89	97

Hole ID	East	North	RL	From	Width		Grade			Comments

	(m)	(m)	(m)			Zn %	Pb %	Ag ppm	Au Ppm
PTRC092	494,130	7,809,650	3720	21m	7m	2.94	0.79	41		Rosada Vein
Including				46m	3m	3.60		26

PTRC093	494,325	7,809,568	3770	125m	2m	3.19	1.49	87		Cathedral Vein

PTRC094	494,355	7,809,540	3772	132m	13m	2.86	0.64	32		Cathedral Vein
Including				150m	3m	4.70	1.62	67		Cathedral Vein Footwall

PTRC095	494,383	7,809,551	3768	56m	6m	3.71	1.10	151		Cathedral Vein

PTRC096	494,383	7,809,553	3768	76m	11m	6.53	2.13	96		Cathedral Vein
Including					5m	11.13	3.19	143	0.30

PTRC097	494,297	7,809,553	3767	29m	10m	5.36	1.31	56		Cathedral Vein
Including				31m	2m	16.20	2.71	110
				52m	4m	3.11	1.57	79		Cathedral Vein Footwall

PTRC101	494,200	7,809,780	3700	29m	7m	3.74	0.40	154		Rosada Vein eastern extension

PTRC104	494,291	7,809,779	3707	9m	8m		0.88	89		Camp Vein
Including				12m	2m		1.81	175	0.61

PTRC105	494,287	7,809,800	3701	70m	8m	3.66	1.44	309		Camp Vein
Including				75m	3m	6.48	2.37	603	0.39

PTRC107	494,265	7,809,802	3696	36m	5m	3.87		27		Camp Vein
Including				57m	5m	2.54	0.59	57

Drill Intersections based on >2% Zn cut off grade

All holes assayed by ALS La Serena 1kg 90% passing 75 micron HF-HNO3 - HClO4 digest

AAS AA26 ore grade finish DL - Pb 0.01-30%, Zn 0.01 -30% Ag 1-1500ppm,

AAS AA24 ore grade finish Au 0.01 - 10ppm Au DL fire assay

Samples that returned assays above upper detection limits are reported at that upper detection limit

Re-analysis of high-grade silver underway

Hole ID co-ordinate grid is PSAD56 UTM Zone 19S.

Meterage quoted relates to down-hole intersections

This information is provided by RNS

The company news service from the London Stock Exchange

END

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