4-5P

Indeed is going places with large volume 45M

very nice rise today so I'm pleased I topped up last week as I felt it would follow agq and cnr eventually. even dxr has started moving so it's silver lined 2011 for me!

i wish i would follow my own advice once in a while...
10p by end of 2011

enjoying the ride :))

StockMarketWire.com - Herencia has entered into a non-binding memorandum of understanding - through a wholly-owned subsidiary - to potentially acquire a 51% controlling interest in a new copper-gold opportunity in Chile.

The project is located approximately 750 kilometres north of Santiago at low elevations between 700 metres and 900 metres above sea level.

The Project is approximately 11.2 square kilometres in area and is approximately 3.5 kilometres in the north-south direction and 4.2 kilometres in the east-west direction.

Access to the site is excellent.

Subject to finalising a JV agreement in the next 12 weeks, Herencia will have the right to earn a 51% controlling stake in the project by drilling a minimum of 6,000 metres over a 30 month period and making staged payments totaling US$600,100 over the same 30 month period.

A minimum of 2,400 metres must be drilled within the first 12 months with an initial payment of US$150,000 to be made upon signing the final agreement.

MD Michael Bohm said: "This new copper-gold project opportunity provides Herencia with an advanced, potentially open pit-able copper-gold target, located in a geologically and logistically excellent environment.

"The fact that significant copper and gold grades have already been intersected so close to surface bodes well for us.

"We were attracted to this new Project because, as at Paguanta, there appears solid evidence of mineralisation (in this case copper-gold) at grades that may, if confirmed by future drilling, potentially support a mining operation."

Story provided by StockMarketWire.com

Wonder what effect this will have on sp.,.

ALWAYS comes back. Still slightly annoyed that i got out at 0.65 after effectively doubling investment. But hit 4p and now almost 2 again...tempted?

Stop talking to yourself David!

Wonder if this will pick sp up??

Friday 27 May, 2011Herencia Resources
Project Update
RNS Number : 3905H
Herencia Resources PLC
27 May 2011

Herencia Resources plc

("Herencia" or the "Company")
Further High Grade Surface Copper & Silver Results at Paguanta

Highlights:

High grade copper and silver results returned from surface sampling to the south-west of La Rosa, further enhancing the porphyry prospectivity of the Project

Herencia is pleased to provide an update in relation to its 70% owned Paguanta Project (the "Project"), located in northern Chile.

Results from surface sampling in an area approximately 200 metres south-west of the La Rosa prospect have confirmed high grades of up to 2.6% copper and 202g/t silver.

Importantly, the La Rosa prospect is within close proximity to both the Doris prospect, where copper and silver have been confirmed on surface and in diamond drill holes, and the Patricia zinc-silver-lead-gold Mineral Resource.

The potential of the La Rosa prospect continues to develop with La Rosa displaying the following characteristics:

Strong geophysical anomaly

Strong argillic alteration (with propylitic alteration towards the borders)

High grade copper and silver at surface to the east (at Doris) and now the south-west

Copper and silver confirmed in drill holes outside of the system at Doris

Presence of high grade zinc-silver-lead veins in distal position to the system (Patricia)

Apparent pyritic shell logged in drill core (in two holes drilled at La Rosa).

Good structural conditions associated with the Atacama Fault Zone (that controls the major Copper deposits in Chile) and a possible 'pull-apart' zone displaying favorable conditions for the potential emplacement of a porphyry intrusion.

Managing Director Michael Bohm commented "the discovery of additional high grade copper and silver on surface at Paguanta, this time just to the south-west of La Rosa, further enhances the porphyry prospectivity of the Paguanta lease."

Watch Herencia Resources - Company update

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