Chile's heritage and mining culture makes it an ideal place for a junior miner to set up shop. Herencia Resources aims to take full advantage.
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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.
30/04/12
Chile's heritage and mining culture makes it an ideal place for a junior miner to set up shop. Herencia Resources aims to take full advantage.
02/03/11
MD Michael Bohm is confident that the Patricia resource will continue to grow: “Every time we drill we find high grade mineralisation where we expected to find it – but also where we didn't expect to find it!”
07/10/10
The shares surged over 25% by midday on AIM after news that drilling on the flagship Paguanta project increased tonnage by 33%, and upped zinc, lead and silver grades substantially. MD Micheal Bohm said the upgrade augurs well for the planned mining operation, initially targeting 400,000 tonnes of ore per annum.
17/09/10
The Chilean zinc-lead-gold-silver project has seen a significant resource upgrade, and for the first time, Herencia included a gold grade estimation to provide possible revenue credit.
10/09/10
The stock has gained considerable traction on London’s AIM market this week. The latest exploration result propelled it over 60% to a 2-year high in Friday's trading.
15/07/10
Mike Bohm spoke in detail about Herencia Resources' (LON: HER) new major investor and why he was not prepared to sign an off-take agreement for the zinc from the firm’s Paguanta project in Chile.
26/02/10
The group is on track to achieve its goal of completing drilling by May, receiving assay results regularly between April and June and delivering an update to its mineral resource estimate by mid-2010.
15/04/09
10/12/08
22/10/08
02/11/07
Michael Bohm points out that the Herencia team believes there is half a billion US dollars worth of zinc-silver-lead mineralisation within 150 metres of surface at Patricia.