Herencia greets positive feasibility study results at Paguanta
31st May 2013 09:11
Herencia Resources, the Chile-focussed mineral exploration and development company, has completed a feasibility study for its flagship silver-zinc-lead project in northern Chile, the Paguanta Project. The company said that the study had found that the initial mine life was eight years and that the
Read moreHerencia Resources says feasibility study is close to completion
19th Mar 2013 08:32
Mining group Herencia Resources said Tuesday the feasibility study on its 70 per cent owned Paguanta flagship project is close to completion. The company anticipates that the project will begin with an open pit operation (up to a three year mine life), transitioning to an underground operation (up
Read moreHerencia Resources secures funding for Chile project
11th Mar 2013 11:52
Herencia Resources has secured 15m dollars in funds to develop its Paguanta silver, zinc and lead project in Chile. The funds will be used to advance the 70% owned project during 2013-14, including the permitting process and undertaking a surface work programme to identify targeted resource drillin
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreHerencia Resources advances on new potential at Chile mine
23rd Jan 2013 11:31
Herencia Resources shares soared 23 per cent Wednesday after the mining company said it identified three untested targets on its Paguanta silver, zinc and lead project in northern Chile. The group found the targets following a review of collated data and a pole dipole induced polarisation (IP) surv
Read moreResources round-up: Mariana, African Eagle, Herencia
5th Sep 2012 09:01
Mariana Resources the minerals developer has reported positive results from a drill campaign at its Las Calandrias gold-silver project in the Santa Cruz province in southern Argentina. Of the 21 holes drilled, 13 provided what the company described as 'significant intersections'. Nickel developmen
Read moreResources round-up: Medusa, EMED Mining, Herencia Resources
22nd Aug 2012 13:16
Gold producer Medusa Mining has said that a fire has damaged around 120 metres of timbering at the Baguio Shaft belonging to its Philippines operating company Philsaga Mining Corporation. The fire was the result of sparks caused by welding activities. In response, the firm began processing stockpile
Read moreResource round-up: Triple Plate, Sable Mining, Magnolia
11th Jun 2012 12:32
Shares in gold miner Triple Plate Junction plunged 20% on Monday morning after it said drilling would be suspended at its Morobe project in Papua New Guinea for six months after it failed to strike gold. The firm said it would carry out additional fieldwork in the meantime and said "it must be remem
Read moreResources round-up: ECR, Condor, Herencia, Orosur
13th Apr 2012 08:23
ECR Minerals has announced that it has so far completed eight drill holes out of nine at the Sierra de las Minas gold project area in Argentina. Samples from six of these have been sent for testing, with results expected in two to three weeks. The current programme is planned to consist of 12 holes
Read moreSmall caps round-up: Monitise, YouGov, 1pm ...
9th Feb 2012 11:07
Monitise has announced a collaboration with Visa, in which Visa DPS will use Monitse's mobile services. The services allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transactio
Read moreHerencia finds more high grades
19th Oct 2011 08:20
Herencia Resources has unveiled further heartening results from its Patricia drilling programme at its Paguanta project, where Herencia is a 70% owner. The drill sourced 13m at 7.4% zinc, 2.6% lead and 133g per tonne silver, and in a separate drill 5m at 5.2% zinc, 2.8% lead and 86g per tonne silv
Read moreLondon close: Higher finish after choppy day
12th Oct 2011 16:36
London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan
Read moreSector movers: String of updates boost miners
12th Oct 2011 15:24
A string of updates from mining firms helped the sector rise by an average 2.6% on Wednesday afternoon, with blue chip BHP Billiton among the best performers on the FTSE 100 by 15:38. BHP announced this morning that it has given the green light for US$1.2bn to be invested in the first phase of the
Read moreLondon midday: Stocks rally as Slovak shock fades
12th Oct 2011 12:05
London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t
Read moreHerencia 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
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