Herencia Resources PLC Geological Review of Copper Properties in Chile (1843O)

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                                   [phone] 
 Jeff Williams, Herencia Resources 
  plc                                   [phone] 
 Katy Mitchell, James Sinclair-Ford, 
  WH Ireland Limited (NOMAD)            [phone] 
 Jon Belliss, Beaufort Securities 
  Limited (UK)                          [phone] 
 

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

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August 17, 2017 02:00 ET (06:00 GMT)