Emerita Resources Corp. (TSX – V: EMO) (OTC: EMOTF) announces that it has received complete assays for the first step-out drill hole from the Infanta drill program as well as the final in-fill drill holes. The in-fill program has verified the historical drill results and will allow proper 3D modelling of the deposit along with providing fresh material that can be used for future metallurgical testing. Both drills are now stepping out to expand the deposit. Please see Figure 1 below for drill hole locations and Table 1 below for assays and drill hole coordinates.
According to Joaquin Merino, P.Geo., President of the Company: “We are excited by the progress to date and particularly to be moving the program into the expansion drilling phase. Based on the latest drilling we have identified what appears to be a structural repetition of the zone at depth to the north, seen in holes IN017 and IN023 which are 300 meters apart. The deposit is interpreted to continue to depth in the north zone. Assays are pending for Hole 23 and a structural model incorporating the new information is being developed to guide future drilling. We are systematically stepping out through the deposit to build the geological model that will meet the requirements for establishing a NI 43-101 compliant mineral resource estimate.”
The drill program at Infanta is designed to test 1.5 kilometer strike length and test the depth extent to at least 300 meters down dip. Our ongoing geological mapping and geophysical surveys confirm there is solid evidence, including some historical excavations, that mineralization should persist over that strike length. In addition, the geophysical data suggests the conductors associated with the mineralization extend beyond 400 meters below surface.
TABLE 1: Drill hole assays, orientation, and coordinates
DDH | Easting | Northing | azimuth | dip | FROM | TO | Width (m) |
Cu_% | Pb_% | Zn_% | Au_g/t | Ag_g/t |
IN014 | 654014.88 | 4171546.78 | 172 | -52 | 84.7 | 90.4 | 5.7 | 2.4 | 7.3 | 13.4 | 0.6 | 225.0 |
IN015 | 654048.73 | 4171489.93 | 172 | -52 | 26.1 | 30.1 | 4.0 | 0.5 | 2.2 | 4.3 | 0.3 | 50.5 |
incl. | 27.1 | 29.1 | 2.0 | 0.9 | 4.3 | 8.1 | 0.4 | 87.0 | ||||
IN016 | 654140.59 | 4171550.34 | 172 | -50 | 65.8 | 70.3 | 4.5 | 1.3 | 3.5 | 6.7 | 0.4 | 172.3 |
IN018 | 653833.99 | 4171542.97 | 171 | -50 | 59.4 | 67.6 | 8.2 | 2.5 | 8.7 | 17.3 | 0.5 | 223.5 |
incl. | 62.7 | 67.6 | 4.9 | 3.6 | 12.7 | 25.9 | 0.7 | 331.9 |
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c190fe3-8bb3-43e0-b042-65121ee77681
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