Herencia finds high grades of silver

12th Oct 2011 11:24

Herencia Resources has announced more high grade drill assay results at Paguanta, with particularly high grades of silver. In one diamond drill hole, the results showed 10.2% zinc, 4% lead and 248g per tonne of silver from 88m. A second hole showed 3.7% zinc, 1.8% lead and 473 g/t silver from 85.5m, while a third showed 6.0% zinc, 2.7% lead and 997 g/t silver from 40.0m. Managing director Michael Bohm said: "These high grades are not surprising as we know from the extensive drilling carried out to date that the Patricia orebody has a significant grade profile. It is pleasing that high grades are being reported across the zinc, lead and silver profile and at shallow depths. The silver grades are particularly encouraging."Work continues in advancing the drilling program and the Feasibility Study at Paguanta. We also plan to commence drilling at the Guamanga Copper-Gold Project this quarter, so the next six months will see plenty of activity for the team in Chile."The share price rose 14.93% to 1.93p by 11:36.NR