Announcement Date: 2021-11-12
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Emerita Resources Corp.
Project name: Iberia Belt West
Location: Spain
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 5.5m @ 0.8% Cu, 2.8% Pb, 5.7% Zn, 0.28g/t Au, 62.5g/t Ag from 151.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, November 12, 2021 – Emerita Resources Corp. (TSX–V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that it has tendered for three additional diamond drills to be mobilized to the Iberia Belt West project (“IBW” or the “Project”) bringing the total to five drills. The contracts are being finalized and it is expected rigs will arrive on the site within the next two weeks. According to David Gower, P.Geo., CEO of Emerita, “We are moving forward with an accelerated drill program at IBW to coincide with the end of the local hunting season on November 15. We will reactivate the geophysical survey and the step out drilling along strike immediately following that date. The drills will initially set up on Infanta and targets in that area and we will move two of them to Romanera as soon as the permit is issued, which is in process and expected in the coming weeks.” Results have been received for drill holes IN017, IN021 and IN023 (see Figures 1 and 2 – plan and long section for locations). These drill holes were step outs to the north (testing down dip). Mineralization was encountered at shallower depths than expected due to the presence of a reverse fault that has displaced the mineralization up dip and closer to surface (see drill sections, Figures 3-4). Holes were extended until they also intercepted the mineralization at depth on the other side of the fault (see sections below). Drill hole data is compiled in Table 1 below.
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