Announcement Date: 2022-08-22
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. 19.4m @ 0.4% Cu, 4.6% Pb, 5.1% Zn, 2.3g/t Au, 204.6g/t Ag from 282.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ONTARIO August 22, 2022 – Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) is pleased to announce additional assay results from the ongoing delineation drilling of the Romanera deposit at its wholly-owned Iberian Belt West (IBW) project (“IBW” or the “Project”). The current results correspond to drillholes LR008, LR010 and LR011, which have intercepted the central zone and the western zone of the La Romanera deposit previously known from historical information. Drill holes LR008 and LR010 are located in the central part of the La Romanera deposit, and intercepted mineralization at approximately 300 and 250 meters below surface and 70 meters apart. These drill holes confirm the continuity of mineralization through the central part of the deposit and cover the area between drill holes LR004 and LR001 (Please see the Company’s news release dated July 7, 2022). The Upper and Lower lenses were intercepted by both drill holes, confirming the continuity of the lenses and the enhanced precious metals grades relative to the historical assays. The hole encountered two lenses: Upper Lens occurs from 282.6 meters with 19.4 meters grading 0.4% copper, 4.6% lead, 5.1% zinc, 2.3 g/t gold and 204.6 g/t silver (including 4.0 m grading 0.4% copper, 10.2% lead, 13.2% zinc, 3.6 g/t gold and 267.0 g/t silver). The Lower Lens was intercepted 37.8 m below the Upper Lens and encountered 18.8 m grading 1.4% copper, 0.6% lead, 1.2% zinc, 0.96 g/t gold and 20.4 g/t silver (including 4.0 meters grading 3.2% copper, 0.9% lead, 2.4% zinc, 1.09 g/t gold and 36.3 g/t silver).
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