Herencia Resources PLC Geological Review of Copper Properties in Chile (1843O)
August 17 2017 - 1:00AM
UK Regulatory
TIDMHER
RNS Number : 1843O
Herencia Resources PLC
17 August 2017
Herencia Resources plc
("Herencia" or the "Company")
Herencia Completes New Geological Review of its Main Copper
Properties in Chile
Review Completed by Experienced International Geologist John
Holliday
Herencia Resources plc (AIM: HER) is pleased to announce that a
new comprehensive geological review of the company's core copper
mineral prospects has been completed as a precursor to a broad
drilling program on the prospects.
The review was conducted by Mr John Holliday who was involved in
the discovery of the Cadia Mineral field in Australia which now
ranks as one of the world's largest copper gold deposits. John has
worked extensively on copper geology throughout the world and will
be retained by Herencia as its Geological Advisor. The review
covered all previous drilling and exploration work and was
conducted on the Picachos, Montenegro and the largely unexplored
Pastizal property.
The review has concluded that significant upside exists for the
discovery of further copper mineralisation if any future drilling
focuses on the 'main mineralised manto .... a cherty limestone at
the base of a sedimentary sequence above a volcanic breccia'.
Commenting on the review Mr Reeve said, "Herencia Resources is
very fortunate to have attracted a geologist of the calibre of John
Holliday to review the company's prospects and assess the
significant geological potential of its copper assets. The reviews
conclusion that a significant speculative exploration target of
undiscovered copper mineralisation exists is pleasing and
underlines the company's determination to exploit these projects at
a time of rising copper prices".
The company is now planning the scope of its exploration program
which will commence shortly.
The full release with images of the Picachos tenement locations
and Picachos tenements near existing treatment plants can be found
on the Company's website.
http://www.rns-pdf.londonstockexchange.com/rns/1843O_-2017-8-16.pdf
Mr. John Holliday
Independent Non-Executive Technical Director, Non-Executive
Chairman of Technical Committee
John has over 30 years' experience in metals exploration mostly
with BHP Minerals and Newcrest Mining, including the positions of
Chief Geoscientist and General Manager, Property Generation and
more recently in the junior sector. John was a principal discoverer
and site manager of the undercover Cadia and Marsden porphyry Tier
1 gold-copper deposits in NSW, and was a principal geological
advisor on the acquisition of many significant projects, including
Namosi and Wafi-Golpu.
John has a track record of success in global gold-copper deposit
exploration, discovery and evaluation, particularly with concealed
porphyries such as those that the Oyu Tolgoi-Tsagaan Suvarga copper
belt.
John has a geophysics/geology honours degree from Macquarie
University and economics/politics degree from Sydney University. He
is a member of the Australian Institute of Geoscientists, the
Australian Society of Exploration Geophysicists and the Society of
Economic Geology.
For further information please contact:
Peter Reeve, Herencia Resources
plc +61 3 9516 6500
Jeff Williams, Herencia Resources
plc +61 3 9516 6500
Katy Mitchell, James Sinclair-Ford,
WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss, Beaufort Securities
Limited (UK) +44 207 382 8300
Further background details on the Company can be found at
www.herenciaresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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