Last 0.20 GBp
Change Today 0.00 / 0.00%
Volume 46.2M
HER On Other Exchanges
Symbol
Exchange
Berlin
As of 11:30 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

herencia resources plc (HER) Snapshot

Open
0.21 GBp
Previous Close
0.20 GBp
Day High
0.22 GBp
Day Low
0.19 GBp
52 Week High
02/26/14 - 0.61 GBp
52 Week Low
12/17/14 - 0.19 GBp
Market Cap
6.5M
Average Volume 10 Days
6.5M
EPS TTM
-0.0010 GBp
Shares Outstanding
3.2B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HERENCIA RESOURCES PLC (HER)

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herencia resources plc (HER) Details

Herencia Resources plc, together with its subsidiaries, operates as a mineral exploration and development company in South America. It owns a portfolio of zinc, silver, lead, copper, and gold exploration properties in Chile. The company primarily holds a 70% interest in the Paguanta project located in northern Chile. The Paguanta project comprises Patricia zinc-silver-lead-gold mineral resource; Doris copper-silver prospect; and La Rosa porphyry-copper prospect. Herencia Resources also owns interest in the Guamanga Copper-Gold Project, which comprises the Paulina shallow oxide copper-gold target and several potential deeper porphyry targets; and has various tenement positions in the La Serena area. The company was incorporated in 2005 and is based in West Perth, Australia.

Founded in 2005

herencia resources plc (HER) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 235.3K GBP
Compensation as of Fiscal Year 2013.

herencia resources plc (HER) Key Developments

Herencia Resources PLC Provides Update on Picachos Drill Program

Herencia Resources PLC announced that all laboratory assay results have been received from its Stage 2 drilling program at its advanced Picachos Copper Project in Chile. These drill results will form the basis for an updated geological model and maiden Resource for the 40M Shaft area from which a mine plan will be developed to take the company through to Phase 1 mine production. With current market conditions and commodity prices under pressure, the company's approach to minimising expenditure whilst moving as quick as possible into production, appears to be paying off. Although only a small area around the 40M Shaft area has been drilled to date, the number of high grade results from the drilling is impressive as evident by the most recent and previously announced drill intersections. The mine development methodology of a staged approach to mine development and utilising surrounding infrastructure including existing treatment facilities to toll treat Picachos ore, is a key plank in the company's low capex, rapid production strategy. Work to date on the Picachos Feasibility Study is progressing to schedule with a Mineral Resource estimate scheduled for completion in a matter of weeks. Technical input from third party consultants on permitting, environment and other key technical components is underway along with detailed costings from a number of open pit mining contractors.

Herencia Resources PLC Announces Laboratory Assay Results from Drilling at its Advanced Picachos Copper Project

Herencia Resources plc announced that following on from recent laboratory assay results from drilling at its advanced Picachos Copper Project, an exceptional intersection of 117 m of plus 1.1% copper has been achieved. Hole DD14003 (Diamond) - 117 m at 1.14% copper (and 10.2 g/t silver) from 182 m including: 18 m at 1.53% copper (and 12.6 g/t silver) from 184 m including: 9m at 2.02% copper (and 19.7 g/t silver) from 193 m. 16 m at 1.50% copper (and 13.8 g/t silver) from 213 m. 10 m at 1.95% copper (and 21.8 g/t silver) from 254 m. 10 m at 2.00% copper (and 17.8 g/t silver) from 268 m. 11 m at 2.21% copper (and 20.4 g/t silver) from 288 m. Hole DD-PP14036 (Diamond tail on RC hole PP14036): 8 m at 1.05% copper (and 6.8 g/t silver) from 169 m. 6 m at 2.13% copper (and 21.3 g/t silver) from 182 m.

Herencia Resources plc Advises Laboratory Assay Results from Drilling at Picachos Copper Project

Herencia Resources plc advised laboratory assay results from drilling at its advanced Picachos Copper Project have returned further high grade results from the next four holes drilled. Importantly the laboratory results, which are conducted under strict quality control procedures, have shown excellent correlation with readings taken in the field by the company's geology team using the hand held XRF. The correlation allows the company to gain a very good understanding immediately the hole is drilled and XRF samples taken, as turn-around time for the laboratory samples can take up to two weeks to be returned. Drilling and assay results these last few days has confirm the discovery of a new copper-rich zone, located in a down-plunge position some 200m to the east of 40M Shaft area. Both diamond and reverse circulation drill holes intersected high-grade copper sulphides in this new zone that appears to be related to a major regional fault trending in a north-west direction. Drilling results and core logging suggests that the broad ore zone splits into two zones at depth, with the first shallow zone (less than 100 meters) confirming the broad continuity of the Frenchman and 40M Shaft areas and a second and exciting new high-grade zone (+100 meters), potentially dipping 45° to the east and forming an extended copper-rich zone.

 

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