Mining round up: Herencia, Persian Gold, Bellzone

23rd Jun 2010 10:17

Shares in miner Herencia Resources jumped after it said that drilling at its Paguanta zinc-lead-silver-gold Project in Northern Chile showed mineralisation that is either a continuation of a previously discovered vein or an entirely new vein.Losses widened in the year to December 31 at Persian Gold after the gold miner failed to make any progress in obtaining certificates for its two joint-venture properties in Iran.The company, which does not have any revenue yet, posted a pre-tax loss of £316,000, compared to £310,000 the previous year.The company hopes to obtain certificates for the Chah-e-Zard gold oxide deposit and the Dalli gold/copper porphyry deposit.Bellzone Mining, which is working on an iron ore project in the West African state of Guinea, saw pre-tax losses widen to £16.5m in the year to December 31 from £15.3m the previous year, as it continued its 'aggressive' exploration programme.