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Herencia Resources (HER)

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Wednesday 01 August, 2007

Herencia Resources

Drilling Report

Herencia Resources PLC
01 August 2007

                                                                   1 August 2007



                             Herencia Resources plc
                         ('Herencia' or the 'Company')


                      Further High Grade Drilling Results


Highlights:


• Paguanta Project - Further High Grade Zinc, Silver and Lead Drilling Results

     • Assay results received from sixteen holes drilled into the 'Patricia'
       zone at Paguanta.

     • High grade intersections (in addition to those high grade results
       announced on 18 July) include:

          •  8m at 9.82% zinc, 280 g/t silver and 5.55% lead from 68m in hole
             PTRC008;

             and

          •  15m at 6.8% zinc, 92g/t silver and 1.6% lead from 106m in hole
             PTRC014 including 5m at 13.7% zinc, 222 g/t silver and 3.92% lead.

     • Near surface zinc/silver/lead mineralisation now confirmed on the
       Cathedral vein over a strike length of 500m and up to 130m down-dip from
       surface.


Paguanta Project

Herencia Resources Plc holds a 50% interest in the Paguanta Project in Northern
Chile and is in the process of increasing this interest to 70%.    The project,
located on the northern end of the Chilean Porphyry Copper Belt, is
approximately 150km east of the port of Iquique and 20 km south of a national
highway.  Paguanta contains old silver-lead-zinc workings, in particular the
Englishman Mine encompassing the 'Patricia' zone.

Previous surface and underground sampling by Herencia had identified a one
kilometre long zinc, silver and lead anomaly.   Diamond drilling in December
2006 had indicated that the Patricia mineralisation is hosted by at least three
sub-parallel, moderate to steeply dipping structures.   These generally have a
core of higher grade zinc, silver and lead mineralisation within a broader
mineralised zone.


Drilling Program

A 5,000m RC drill program commenced in June 2007 and by the end of July 4,282m
of drilling (36 holes) had been completed.   Assays results from the first
sixteen holes have now been received with the majority of holes targeting the
Cathedral vein intersecting high grade mineralisation.


Assays received to date are summarised as follows:


Hole ID       Width       From          Zinc %        Silver (g/t)  Lead %     Comment
PTRC001       24m         18m           4.36          86            1.29       Camp vein
includes      3m          27m           5.55          61            1.08       0.87 g/t Au
              7m          34m           8.13          192           2.42       1.15 g/t Au
PTRC002       2m          19m           -             85            1.48       Camp vein
PTRC003       2m          33m           -             36            -          Camp vein
PTRC004                                                                        no significant results
PTRC005       4m          6m            -             60            -          Camp vein
              8m          73m           -             36            -
PTRC006       33m         107m          4.28          59            1.00       Cathedral vein
includes      9m          108m          8.53          116           1.68       0.43 g/t Au
includes      1m          127m          10.05         34            0.66
includes      4m          135m          7.37          92            1.85
PTRC007       18m         89m           8.45          123           2.61       Cathedral vein
includes      6m          100m          13.27         199           4.49       0.44 g/t Au
PTRC008       8m          68m           9.82          280           5.55       Cathedral vein
PTRC009       To be       re-drilled                                           Undershot target zone
PTRC010       20m         35m           1.57          -             -          Cathedral vein
PTRC011       4m          83m           4.86          94            2.03       Cathedral vein
              3m          96m           3.42          87            1.56
PTRC012       4m          11m           -             44            -          Splay from Cathedral vein
PTRC013       3m          49m           4.46          73            1.62       Splay from Cathedral vein
              4m          76m           2.76          52            1.71       Cathedral vein
PTRC014       28m         5m            -             40            1.46       Cathedral Hanging-wall
includes      6m          6m            -             82            5.05
              15m         106m          6.8           92            1.60       Cathedral vein
includes      5m          113m          13.7          222           3.92
PTRC015       6m          15m           -             49            1.02       Cathedral Hanging-wall
              3m          99m           4.45          71            0.77       Cathedral Hanging-wall
              4m          105m          4.42          54            1.15       Cathedral Hanging-wall
              3m          125m          6.58          22            -          Cathedral Hanging-wall
              11m         160m          2.50          55            0.93       Cathedral vein
PTRC016       11m         84m           -             49            0.49       Cathedral Hanging-wall
              5m          98m           3.74          80            0.91       Cathedral Hanging-wall
              4m          148m          5.05          29            0.31       Cathedral vein
              5m          235m          1.35          59            0.78

Notes:

.  Zn, Ag, Pb and Au  analysed by Atomic Absorption Spectrometry (AAS).
•  All intervals are downhole widths.


Significantly, all but one of the holes (PTRC009) drilled into the main
Cathedral vein intersected mineralisation.   It is believed that this hole may
have dropped below its intended target and will be re-drilled.

Executive Director Michael Bohm summarised the results as follows 'we have now
confirmed that near surface zinc/silver/lead mineralisation in the Cathedral
vein extends for 500m along strike and up to 130m down-dip.   This strike and
dip extent, in conjunction with the high grades achieved, bodes well for the
open pit potential of the Paguanta Project'.

The drilling contractor is currently conducting on-site maintenance on the drill
rig prior to completing the program.   This will allow Herencia to receive assay
results for all the holes drilled to date.   Given the success of the program to
date Herencia will therefore take the opportunity to complete a number of
additional holes without incurring re-mobilisation costs.    This phase will
commence in mid-August and take approximately 10 days.

Mr. James Sinclair, Exploration Manager (Chile) for Herencia Resources, has
reviewed the information contained in this announcement.  Mr. Sinclair has 12
years experience in the resources sector and is a qualified person within the
definition of the AIM guidelines.

Further background details on the Company and the Paguanta Project can be found
at www.herenciaresources.com



Contact:   MICHAEL BOHM        HERENCIA RESOURCES PLC        +61 8 9221 7466
           DAVID YOUNGMAN      WH IRELAND LIMITED            +44 161 832 2174


                      This information is provided by RNS
            The company news service from the London Stock Exchange