| Announcement Date: | 2023-05-15 |
|---|---|
| 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. 4.2m at 1.4% Cu, 6.9% Pb, 14.7% Zn, 0.31g/t Au, 63.7g/t Ag from 140m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, May 15, 2023 — Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce assay results from 21 additional holes from the 2023 delineation drilling at La Infanta deposit, part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”). These results will be included in the upcoming NI 43-101 compliant mineral resource estimate (“MRE”) which is presently being finalized and is expected to be released later this week. IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The Company is also pleased to announce that the Ministry of Industrial Policy and Energy of Huelva, Andalusia has granted the exploration permit for the Infanta Sur Property (Figure 1). This permit adds an additional 848.5 hectares to IBW, which has now increased from 1,545.6 hectares to a total of 2,394.1 hectares. Infanta Sur is located south of the current La Infanta area in IBW. The new exploration permit allows Emerita to begin exploration immediately in the newly permitted area. The area granted is permitted for exploration activity and does not require further environmental department or municipal approvals for work to proceed. The Company is currently planning geophysical and geological work to be done in the area. The Infanta Sur exploration permit is granted for an initial period of three years and can be renewed for subsequent additional periods |
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