Herencia Resources: Finds High Grades Mineralization At Paguanta

2nd Aug 2010 08:41

LONDON (Dow Jones)--Herencia Resources PLC (HER.LN), a mineral exploration and development company, said Monday it has completed the drilling program at the Paguanta zinc-lead-silver-gold project in Northern Chile on time and within budget, adding that continued high grades and broad zones of mineralization have been identified. MAIN FACTS: -Both Cathedral and New veins extended; Veins remain open in all directions. -Hole PTDD058 was drilled to test the high grade area intersected previously in PTDD048 (4 meters at 10.6% zinc, 0.8% lead, 93g/t silver and 0.25g/t gold); PTDD037 (5 meters at 8.2% zinc, 0.2% lead, 25g/t silver and 0.52g/t gold). -Mineralization found appears to be either part of, or immediately adjacent to, the Cathedral vein. -Shares at 0735 GMT unchanged at 0.73 pence valuing the company at GBP6.97 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires August 02, 2010 03:41 ET (07:41 GMT)