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Herencia Resources

  • BY: Andrew Hore |
  • POSTED: 22/08/2013 |

Explorer Herencia Resources has bought additional land adjacent to its Paguanta project in northern Chile.

The 16 square km of land has a large porphyry-copper exploration target.  Low-cost work will be undertaken ahead of trying to secure a farm-in partner. The Patricia zinc-silver-lead project is 2km away on the Paguanta land.

Herencia owns 70% of Paguanta, which has two potential copper bearing zones. The company also owns 100% of the Guamanga project where OZ Minerals is in the process of earning a 80% stake in the potential iron oxide copper gold mineralisation.

At 0.6p a share, Herencia is valued at 11.6m.

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