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New Copper-Gold Opportunities for Herencia Resources

In a week or two that's been largely forgettable from a portfolio value point of view, Herencia Resources forced a smile from me yesterday when they announced a new copper and gold opportunity in Chile and an update to their Paguanta Project. Here's a little of the meat from the RNS on the new opportunity: Herencia has entered into a non-binding Memorandum of Understanding (MOU), through one of its 100% owned Chilean subsidiaries, to potentially acquire a 51% controlling interest in an exciting new copper-gold opportunity in Chile. The project is located approximately 750 kilometres north of Santiago in Region III in Chile...

Purchase – Herencia Resources

Our last purchase for 2010 was Herencia Resources - a mineral exploration and development company with a primary focus on developing its Paguanta zinc-silver-lead-gold Project in northern Chile. Herencia's Paguanta Project is made up of 14 licenses covering a 39 square kilometre area located in the northern section of the main Chilean porphyry copper belt. The area is home to a number of the world's largest open-cut copper mines. Herencia's Paguanta Project comprises: The JORC-compliant 'Patricia' zinc-silver-lead-gold Mineral Resource The 'Doris' high grade copper-silver Prospect The 'La Rosa' porphyry-copper Prospect For a good overview of the history and potential of the Paguanta Project check out the...