Herencia makes new mineral discovery

14th Jun 2011 13:08

Herencia Resources, the Chile focused mining company says it has discovered a 20 metre "zone of mineralisation" at its 70% owned Paguanta Project.The discovery arises from exploration of a new vein, "Patricia", at the company's site in Northern Chile. The firm claims this new vein, at its PTDD073 hole, could be up to 750 metres in length."The assay results from PTDD073 show that Patricia's southern most vein may be considerably thicker than first indicated and contains a high grade core zone, similar to that seen in the nearby Cathedral vein. This provides yet another target to expand the resource base at Patricia and, given its close proximity to the main Cathedral vein, access to this vein is relatively straightforward," explained Herencia's managing director, Michael Bohm."We have confirmed the presence of multiple parallel high grade veins at Patricia and we remain of the view that the area immediately surrounding the Patricia mineral resource is highly prospective for identifying further mineralised veins," Bohm added.BS