Herencia Resources

• 17/05/13

  Issue of Equity

• 29/04/13

  Another Key Milestone at Paguanta achieved

• 22/04/13

  Issue of Equity

• 18/04/13

  Final Results

• 12/04/13

  Issue of Equity

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  17/05/13

  Herencia Resources draws down further on equity agreement

• 

  29/04/13

  UPDATE: Herencia Resources strengthens relationship with nearby community

• 

  22/04/13

  Herencia maintains Nyrstar as major shareholder

• 

  18/04/13

  Herencia to build on "excellent" work as continues momentum at Patricia

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  19/03/13

  Herencia Resources eyes finishing line for Paguanta feasibility

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  11/03/13

  UPDATE: Herencia Resources secures up to US$15 mln to advance Paguanta

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  05/03/13

  Herencia Resources' McMillan resigns to be replaced by James

• 

  23/01/13

  UPDATE: Herencia Resources leaps as it identifies significant new potential at Paguanta

  Herencia has identified three untested targets on its Paguanta silver, zinc and lead project in northern Chile that have the potential to significantly boost the existing resource

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  23/01/13

  Herencia Resources identifies significant new potential at Paguanta

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  20/12/12

  Herencia Resources bumps up silver resource at Paguanta

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  24/02/2012

  Herencia Resources hitting high lead & silver grades near surface

  Michael Bohm, MD of Herencia Resources, talks about high lead & silver grades near surface, hitting mineralisation every time we drill at Patricia, focussing on Chile, feasibility study for Patricia.

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  30/04/13

  HB Markets Breakfast Today including Herencia Resources, Greene King, Rentokil Initial and Aberdeen Asset Management
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  29/04/13

  Proactive news summary: a day dominated by gold miners and oil explorers
• 

  29/04/13

  Bullabulling Gold, Herencia Resources, Kalimantan Gold, Orosur Mining and others feature in Fox-Davies Newsflash
• 

  22/04/13

  Bargain hunters lift Rangold to top of FTSE 100 leaderboard
• 

  22/04/13

  Banks lift FTSE 100 after Italian boost

• 11/03/13

  11.03.13 :.-4, (1.14) WH Ireland downgrades its rating to "speculative buy" from "buy".

  11.03.13 :.-4, (1.14) WH Ireland downgrades its rating to "speculative buy" from "buy".
• 27/05/11

  +0.73 +3.11

  Press: Herencia Resources rose after it said surface sampling at its Paguanta project in northern Chile had confirmed high grades of copper and... read more

  Press: Herencia Resources rose after it said surface sampling at its Paguanta project in northern Chile had confirmed high grades of copper and silver. Source - Financial Times
• 27/05/11

  +0.73 +3.11

  Press: Herencia Resources rose after it said surface sampling at its Paguanta project in northern Chile had confirmed high grades of copper and... read more

  Press: Herencia Resources rose after it said surface sampling at its Paguanta project in northern Chile had confirmed high grades of copper and silver. Source - Financial Times

Herencia Resources plc is a multi-commodity development company listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange with a primary focus on developing its Paguanta Project in northern Chile.

Herencia is progressing a Feasibility Study into the proposed Patricia Mine (zinc, silver, lead) within the Paguanta Project, with the goal of bringing the mine into production. Herencia is also focused on advancing exploration work on the Doris copper-silver prospect and the La Rosa porphyry-copper target in 2012.

Herencia is also earning a 51% interest of the exciting Guamanga Copper-Gold Project in Chile. The Project has two components: a shallow, high grade copper-gold oxide target; and deeper, potential porphyry targets.

Herencia has the backing of the global zinc group Nyrstar.

Paguanta

Overview

The Paguanta project area consists of 14 licences covering an area of 39 sq kilometres. The area is on the northern part of the main Chilean porphyry copper belt, which houses some of the world’s largest open-cut copper mines.

The Paguanta Project comprises:

The 'Patricia' zinc-lead-silver-gold Mineral Resource (JORC-compliant)

The 'Doris' high grade copper-silver prospect 

The 'La Rosa' porphyry-copper prospect

The first ever diamond drill program undertaken at Paguanta (1,187m) was completed in December 2006.  Of the 10 holes drilled into the Patricia zone, eight intersected mineralisation, four of which returned high Zn-Ag-Pb grades.  The highest individual grades were 15.75% Zn, 447pm Ag and 5.58% lead (separate 1m samples).   Surface rock chip sampling has extended the zone of anomalous mineralisation to the east with best results of 1,515 and 1,075 g/t Ag. Surface silver (>225g/t Ag) mineralisation was encountered in veins over a strike lenght of 1.2km and remains open to the east toward Refugio.  

In 2007 the Company undertook a second drill program totalling 5,889m of RC drilling and subsequently announced a maiden Inferred Mineral Resource Estimate.

In 2008 the Company undertook a third drill program of 9,986m (of both RC and diamond drilling) at Paguanta and announced an upgraded Mineral Resource Estimate in October 2008.

In late 2008 the Company announced the results of a Scoping Study into the economic and technical viability of developing the Patricia deposit, completed by Golder Associates (the global resources and engineering consulting group). The results of the Scoping Study were very encouraging with highlights including: 

An underground mining inventory of 1.66Mt @ 6.1% Zn, 2.0% Pb, 154ppm Ag and 0.26g/t Au 

An open pit mining inventory of 1.43Mt @ 2.0% Zn, 0.9%Pb and 48ppm Ag

Initial potential mine life of approximately 5½ years at 500,000 tpa

Opportunity to increase mine life with further drilling (see drill hole results below)

Capital Cost of US$55.6 million (inclusive of all underground mine development and new processing plant equipment costs)

Site Operating Costs of US$55.32/t

Substantial positive sensitivity to any potential increase in tonnage and grade

For further information please click here 

La Serena

The Company has a number of tenement positions in the La Serena area.  We believe that these tenements host significant potential for porphyry-copper style mineralisation.  The Company is currently in discussions with parties regarding potential advancement of these properties. 

Guamanga

Overview

The Guamanga Copper-Gold Project, (Herencia earning 51%) is located approximately 750 kilometres north of Santiago in Region III in Chile and comprises approximately 11.2 square kilometres in total area.  Access to the Project site is excellent with the Pan-American Highway located only 30 kilometres to the west and a major airport a 60 minute drive to the south on existing public highways/roads.

The Project mineralisation style appears to correspond to a potential Iron Oxide Copper Gold (IOCG) system.   A good example of an IOCG deposit is Anglo American's large Mantoverde Mine, located only 15 kilometres to the north of the Guamanga Project.  According to Herencia's geologists, the Guamanga Project displays evidence of a potential IOCG mineralisation system with:

Abundant iron oxides (limonites) and primary magnetite and hematite;

Copper mineralisation apparently associated with the iron oxide as breccias and stockwork;

Iron-gold-copper veins and mantos mineralisation; and

Copper, gold, cobalt and molybdenum anomalies at surface.

The Project has two components: a shallow, high grade copper-gold oxide target ; and deeper, potential porphyry targets.

Drill testing of these targets by Herencia has commenced. Previous drilling returned significant copper and gold mineralisation at shallow levels:

Hole 1 – 8 metres at 1.55% copper and 0.53 g/t gold from 36 metres

Hole 2 – 2 metres at 2.69% copper and 0.33 g/t gold from 9 metres

Hole 2 – 6 metres at 2.20% copper and 1.34 g/t gold from 42 metres

Hole 3 – 3 metres at 2.88% copper and 2.58 g/t  gold from 34 metres

For further information please click here

Michael Bohm

Managing Director

Michael Bohm is a mining engineer having extensive experience in operations management, evaluation and project development in Australia, Northern Europe, SE Asia and North America.  Michael has over 20 year’s minerals industry experience predominantly in the gold, nickel and diamond sectors in both open pit and underground mining environments.  

Mike's responsibilities incorporate oversight of all activies in relation to the companies operational activities and representation on JV and subsiduary company boards.

His corporate experience includes previous directorships at Sally Malay Mining Limited in Australia (ASX) and Ashton Mining in Canada (TSX).   Mike is currently a Non-Executive Director of ASX-TSX listed Perseus Mining Limited.

Hon John Moore AO

Non-Executive Chairman

The Hon John Moore AO holds a Bachelor of Commerce and Associate in Accountancy from the University of Queensland.   John has had a distinguished career in Australian politics; he was the Minister for Defence, the Minister for Industry, Science & Tourism and Vice President of the Executive Council.   

Prior to entering politics, John Moore was a stockbroker and member of the Brisbane Stock Exchange. He has served on the boards of many broking and banking related companies including Citinational Limited, Merrill Lynch (Aust) Pty Ltd and Grindlays (Aust) Pty Ltd.   In additional to his chairmanship, John's responsibilites at Herencia also include membership of the audit committee.

John Russell

Non-Executive Director

John Russell has over 30 years experience in Investment Banking. He was a member of the Australian Stock Exchange and a partner in Bain & Company.  He has had 20 years experience in London and New York as head of Bain’s Branches in both cities. In 1992 Bain was acquired by Deutsche Bank AG and John continued as senior Director of Deutsche Bank Australia in Europe until the end of 1999.   

Since retiring from Deutsche Bank John has been providing consulting services to smaller technology companies.  John is Chairman of Henderson Far East Income Limited.

John's responsibilites also include Chairmanship of the audit committee.

Greg McMillan

Non-Executive Director

Greg McMillan was appointed Chief Operating Officer at Nyrstar in August 2007, and is responsible for Nyrstar's global operations. Greg has previously held General Manager positions in both mining and smelting operations before being appointed Chief Operating Officer upon the creation of Nyrstar. Greg began his career as a Production Engineer and prior to joining Nyrstar, held managerial positions within Delta Group, Boral and Brambles Limited. Greg also holds a Bachelor of Commerce and Masters in Business Administration.

John Porter

General Manager

A Chemical Engineer by training, specializing in Extractive Metallurgy, Mr. Porter also holds a Diploma in Business Administration.   Mr. Porter has 25 years overall experience with mining and industrial companies with 15 years of experience at General Manager level for both Chilean and Multinational Corporations. His professional background includes supply of product services and technologies to the mining and chemical industries, mine operations management, and marketing of metallic and non-metallic commodities.  John has been involved with the Paguanta Project since 2009, he is a native of Viña del Mar, and is based in Santiago, Chile.

Sergio Avendaño

CMP Study Manager

Mr. Sergio Avendaño is a Structural Engineer with 17 years experience in the mining and metallurgical fields.  Mr. Avendaño is a specialist in Project Management of electro-winning plants, concentrators, smelters, underground mining projects and project Infrastructure.    He has a Master's degree in Project Construction Management and has worked in both metallic (Copper, Gold, Nickel and Zinc) and non-metallic projects.  He has served as Project Manager, Engineering Manager, Area Manager and Lead Discipline Engineer in Chile, Argentina, Peru, Brazil and Mexico. His most recent assignment was with Xstrata.   Sergio is based in Santiago, Chile

Antonio Valverde

Senior Geologist

Mr. Antonio Valverde is a Geologist with a Bachelor of Science degree in Geology from the Complutense University of Madrid.   Mr. Valverde has 19 years of industry experience in exploration and production, with extensive experience in Chile and Latin America.   He has been involved in the whole spectrum of project activity from regional exploration through to feasibility studies and production in both underground and open pit mines.   Antonio has had exposure to a number of different geological settings and commodities.   Antonio is based in Chile.