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Emerita Intersects 11.1 Meters Grading 3.6% Copper, 27.8% Zinc, 15.1% Lead and 319 g/t Silver at Iberia Belt West Project, Spain

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Emerita Intersects 11.1 Meters Grading 3.6% Copper, 27.8% Zinc, 15.1% Lead and 319 g/t Silver at Iberia Belt West Project, Spain

 

 

 

 

 

Emerita Resources Corp. (TSX-V: EMO) (OTC: EMOTF) announces that it has intersected high grades in five drill holes at the Infanta polymetallic VMS Deposit on the Iberia Belt West project in Huelva Province, Spain. Drill hole IN008 had an exceptional intercept which occurs from 64.5 – 75.6 meters and grades 3.6% copper, 27.8% zinc 15.1% lead, 319.3 g/t silver and 0.8 g/t gold. This is the highest grade, widest mineralized intercept to date and occurs approximately 200 meters to the west of hole IN003 (see news release dated August 20, 2021).

 

Please see Figure 1 below for drill hole locations, Figure 2 for the longitudinal section, Figure 3 for a cross section of hole IN008 and Table 1 below for assays and drill hole coordinates. The intersections are summarized as follows:

 

Table 1: Assay results and drill hole locations

 

DDH Easting Northing Elevation azimuth dip depth FROM TO Width Cu_% Pb_% Zn_% Au_g/t Ag_g/t
(m) (m)
IN002 654194 4171542 200.2 172 -50 54.6 31.5 34.5 3 0.6 2.4 4.1 0.22 40.3
IN005 654092 4171542 207.1 172 -50 92.5 57.4 60 2.6 2.3 13.8 22.3 0.21 98.2
IN006 653862 4171535 204.4 172 -50 84.6 49.3 52.5 3.2 2.2 7.9 9.1 0.44 150.8
IN007 654151 4171503 200.2 172 -50 63 26.1 29.4 3.3 1.7 4.2 7.9 0.36 110.2
  654151 4171503 200.2 172 -50 63 33.4 35.4 2 0.6 1.4 2.9 0.05 27.5
IN008 653811 4171537 198.6 172 -50 126.6 64.5 75.6 11.1 3.6 15.1 27.8 0.8 319.3
  • The Company has completed 1,253 meters of drilling to date in 11 holes and two additional holes are in progress. Assay results have been received for 8 holes so far.
  • The area tested by drilling to date is 300 m along strike and 100 m deep and will continue to expand as the program progresses. All the holes have intercepted mineralization.
  • The mineralization is characterized by massive to semi-massive lenses of sphalerite, chalcopyrite, galena and pyrite, with sphalerite the predominant sulphide mineral.
  • The sulphide mineralization is hosted by a silicified dacite unit, situated at the hangingwall contact with a volcanoclastic unit. The massive to semi-massive sulphides range from approximately 3 meters thick up to 11 meters (intercept in hole IN008). True thickness is 85% – 95% of the core length in the holes drilled to date.
  • A brecciated and silicified dacite horizon of 15 to 20 m thick carrying sulphide mineralization in stockwork and disseminations occurs below the massive sulphide layer. This footwall mineralization locally will increase the thickness of the mineralized intercepts. Samples from the footwall stringer zone predominantly still have assays pending as only the massive sulphides are being “rush assayed”.
  • The La Infanta deposit shows a classic VMS and Iberian Belt mineralization pattern, massive to semi-massive sulphide layer with an underlying stockwork zone interpreted to represent a classic VMS feeder zone.
  • The drill program continues to expand the deposit along the strike and at depth.

 

Figure 1: Location of drill holes with assays Infanta Deposit.


https://www.globenewswire.com/NewsRoom/AttachmentNg/388e831b-79ce-415d-8ce4-a192657dd945

 

Figure 2: Vertical longitudinal section, Infanta Deposit drilling.


https://www.globenewswire.com/NewsRoom/AttachmentNg/29cb4623-9f29-4395-b6b7-d70d20bdacdb

 

Figure 3: Cross section with drill hole IN008 at the dacite – volcaniclastic contact. Cross sections for the other drill holes are similar and can be viewed on the Company’s website.


https://www.globenewswire.com/NewsRoom/AttachmentNg/4f12a2a3-70f9-4021-a3ae-1817b279f105

 

Qualified Person


The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo, President of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

 

About Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company’s corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

 

Posted September 8, 2021

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