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Wednesday 09 September, 2009

Herencia Resources

Granting of Mining Tenements

RNS Number : 7481Y
Herencia Resources PLC
09 September 2009
 



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











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