www.herenciaresources.com
Herencia Resources plc is a resources company listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange with a focus on developing the Paguanta Project in northern Chile and advancing other project opportunities with the aim of adding value for shareholders.
The Paguanta Project comprises the Patricia zinc-silver-lead-gold Mineral Resource and the Doris copper-silver and La Rosa copper targets. The Total Mineral Resource at Patricia stands at 3.5Mt at 4.6%Zn, 1.46%Pb, 93g/t Ag and 0.23g/t Au (2% Zn cut-off).
During 2011 Herencia plans to undertake a Feasibility Study into the Patricia Mineral Resource and complete 15,000m of diamond drilling at Patricia, Doris and La Rosa. The Company is also actively pursuing quality JV opportunities within South America.
Herencia has the backing of some major resources identities including Nyrstar, the world’s biggest zinc smelting group, who hold 10% equity in Herencia.
Herencia sees little impact from shareholder CopperCo’s voluntary administration
Herencia Resources PLC said it sees little impact from shareholder CopperCo Ltd entering voluntary administration last week
CopperCo holds 279,400,000 shares in Herencia, representing approximately 46 percent of the issued share capital of the company. It said the status of CopperCo should not adversely impact the day to day operations of Herencia.
Herencia has no debt or funding obligations in relation to CopperCo and only a limited commercial relationship with CopperCo that currently includes some administrative support in the company's Perth office, it said.
Herencia currently has £750,000 in funds available and is on track with its strategy of completing a scoping study for the Paguanta project in Chile by the end of 2008. As reported earlier, the company has conducted a full budget review and subsequently reduced all non-essential expenditures and personnel numbers and placed the project site on care and maintenance.
A decision on the 2009 project program will be made early in the new year after the scoping study is completed and will be reported in due course.
Herencia Resources PLC is an AIM-listed development and exploration company with a primary focus on developing mineral resource opportunities in South America.

















