South America-focused Herencia Resources says drilling at Patricia in Chile has returned high-grade intersections of zinc, lead and silver.

Based in the Western Australian capital of Perth, AIM-quoted Herencia reports that assay results from Patricia, part of the company’s 70 per cent-owned Paguanta project, have intersected one hole with 4.5 metres at 87.04 per cent zinc, 1.4 per cent lead and 74 parts of silver per million parts of ore. Within this, the newly identified Rosada vein has shown eight metres at 4.6 per cent zinc, 1.8 per cent lead and 157 parts per million of silver.

Director Michael Bohm argues that these intercepts indicate ‘the high potential of the project’.

Herencia shares, which fell from 3.80p two years ago to 0.65p last month, have bounced to 1.05p, valuing the company at £6.4 million.

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Herencia Resources	AIM	£4.86m	0.80p	0.00p
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