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Emerita Reports Latest Drill Results From IBW and Extends Mineralization 100 Metres to East at Romanera

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Emerita Reports Latest Drill Results From IBW and Extends Mineralization 100 Metres to East at Romanera

 

 

 

 

 

Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (is pleased to announce additional assay results from the 2022 exploration drilling at its Iberian Belt West project. 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 drill program to date has been focused on the Romanera and La Infanta deposits. The following table presents the latest results obtained from the La Infanta and Romanera deposits and their extensions. Drilling continues at both sites with one drill continuing at La Infanta and the remaining rigs at Romanera. Since obtaining drill permits for Romanera, the IBW program focus has shifted to delineating the Romanera deposit, which is the largest deposit on the Project

 

At present, drilling is hampered by the high temperatures being experienced in southern Spain. Due to the high fire index rating and to protect the health and welfare of the drillers with daytime temperatures in the plus forty-degree Celsius range, no drilling is permitted between 2:00-8:00 PM. Drilling continues at night and earlier in the day before temperatures get too high.

 

La Romanera:

 

Assays have been received for two drill holes at La Romanera (Figure 1).

 

Drill Hole LR005:

 

Drill hole LR005 intercepted mineralization approximately halfway between Holes LR002 and LR003, along section 6500E (Figure 2). The Upper Lens occurs from 117.7m with 7.0m grading 0.2% copper, 3.9% lead, 4.4% zinc, 2.44 g/t gold, 143.1 g/t silver. The Lower Lens was intercepted 43.8m below the Upper Lens and encountered 16.9m grading 0.4% copper, 1.0% lead, 2.2% zinc, 2.90 g/t gold, 145.2 g/t silver (including 4.0m grading 0.3% copper, 1.5% lead, 1.4% zinc, 4.45 g/t gold, 178.8 g/t silver).

 

Drill Hole LR007:

 

LR007 intercepted mineralization on section 6800E (Figure 1), which is a 100 meter step out to the east of any previous drilling at Romanera and demonstrates continuation of the mineralization eastward beyond historical drilling. Massive sulphide mineralization was intercepted approximately 400 meters vertically below surface. The hole intercepted the Lower Lens from 547.0m with 7.0m grading 0.8% copper, 0.7% lead, 2.9% zinc, 0.15 g/t gold, 14.7 g/t silver (including 2.5m grading 0.6% copper, 1.5% lead, 6.9% zinc, 0.24 g/t gold, 30.5 g/t silver).

 

According to Joaquin Merino, P.Geo., President of Emerita, “Drilling in the core of the La Romanera deposit confirms the presence of two lenses, running parallel and dipping 70-75º to the North. Correlation with historical drilling is very good, however current drilling is showing higher gold and silver grades as was seen in the initial drillholes. There appears to be a zonation in the lower lens based on the initial drilling with higher gold – silver values near the upper contact and higher base metal values toward the lower contact of the lens. Results from additional holes will be required to verify whether this is a deposit-wide feature.   Hole LR007 is an important, result representing at least a 100 meter expansion of the mineralization to the east. In this drill hole, only the lower lens is present and is characterized by higher copper content near the upper contact and richer in zinc at the base of the massive sulphide unit.”

 

Figure 1: Location map, Romanera Deposit drill holes LR005 and LR007.

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/d87fab0f-33fd-4c6f-8655-08deb67db826

 

Figure 2 :    Romanera Deposit cross section 6500E showing drill Hole LR005 Upper and Lower Lens intercepts.

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/84d23b35-a6a6-4d70-826a-c3683dbfe0c8

 

La Infanta:

 

Drilling continues to expand the La Infanta Deposit (Figures 3 and 4). Mineralization has now been shown to extend for at least 1,200 meters along strike and to a depth of approximately 400 meters and remains open in all directions. The mineralization occurs in an extensive, tabular sheet in the North Block which is interpreted to be a faulted continuation of the South Block. The South Block is truncated at approximately 130 meters depth by a thrust fault. Drill hole IN054 has intersected high grades in the North Block similar to those seen in the South Block (details below) and it is possible this is the displaced continuation of the high grade South Block mineralization. Drilling is continuing to evaluate this area on the east side of the deposit.   The significant intercepts highlighted below are located in the eastern, central and western sides of the La Infanta deposit, respectively. The strike length between these holes is 1,200m and depths range between 170 and 350 m below surface. A complete list of recent drill hole results from Infanta are included in Table 1 below.

 

Drill Hole IN054:

 

IN054 intercepted mineralization 170m below surface, in the eastern side of the deposit, in the North Block. The intercept occurs from 220.2m with 3.2m grading 1.9% copper, 9.2% lead, 17.1% zinc, 0.55 g/t gold, 226.3 g/t silver (including 1.3m grading 3.9% Copper, 20.0% lead, 36.8% zinc, 0.53 g/t gold, 401.4 g/t silver). Drilling around this intercept is planned to test the continuity of the mineralization.

 

Drill Hole IN039:

 

IN039 intercepted mineralization 350m below surface, in the center part of the deposit, in the North Block. The intercept occurs from 375.0m with 3.5m grading 0.9% copper, 5.2% lead, 3.0% zinc, 0.46 g/t gold, 184.3 g/t silver (including 1.2m grading 2.6% copper, 14.5% lead, 8.7% zinc, 1.31 g/t gold, 526.0 g/t silver). Drillhole IN039 is the deepest hole in this area in La Infanta demonstrating the deposit continues at depth in this area.

 

Drill Hole IN045:

 

IN045 intercepted mineralization 220m below surface, in the western part of the deposit, in the North Block. The intercept occurs from 262.2m with 9.1m grading 0.5% copper, 1.6% lead, 2.8% zinc, 0.42 g/t gold, 62.4 g/t silver (including 0.9m grading 2.7% copper, 5.6% lead, 10.7% zinc, 1.31 g/t gold, 400.0 g/t silver). Drillhole IN045 is the westernmost extent of the La Infanta deposit to date, indicating the mineralization continues towards the west.

 

Joaquin Merino, P.Geo., President of Emerita comments, “The Infanta drilling is outlining a very extensive mineralized zone that continues for at least 1,200 meters along strike and from surface to 350-400 meters deep. The Company plans to tighten the drill spacing, particularly in the areas showing higher grades to provide for completing a NI 43-101 compliant mineral resource estimate. Given the wide extent of the mineralization relative to the historical drilling, we expect a significant increase in the deposit size relative to historical estimates. The likelihood of extending the deposit at depth and along strike remains considerable.”

 

Figure 3: Location map showing La Infanta drill hole locations.

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/534025c9-b3f7-4f50-946f-a1db0c910b26

 

Figure 4: Longitudinal section of the La Infanta North Block.

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/23c19a25-e031-406a-a2a9-bcaba82bb775

 

Table 1. Diamond drillhole data: La Infanta and La Romanera.

 

Deposit DDH Easting Northing Elevation azimuth dip depth (m) FROM TO Width (m) Cu_% Pb_% Zn_% Au_g/t Ag_g/t BLOCK
LA INFANTA IN039 653908 4171800 201 176 -62 378.50 375.0 378.5 3.5 0.9 5.2 3.0 0.46 184.3 NB
incl.             376.0 377.2 1.2 2.6 14.5 8.7 1.31 526.0 NB
IN042 654717 4171750 201 171 -50 141.50 117.5 119.5 2.0 0.0 0.1 0.0 1.54 67.0 NB
incl.             117.5 118.5 1.0 0.0 0.1 0.0 2.33 112.0 NB
IN045 653325 4171739 184 177 -51 351.90 262.2 271.3 9.1 0.5 1.6 2.8 0.42 62.4 NB
incl.             266.2 267.2 0.9 2.7 5.6 10.7 1.31 400.0 NB
incl.             270.5 271.3 0.8 0.6 6.5 11.1 0.10 13.0 NB
IN046 654144 4171667 204 181 -48 373.50 136.4 137.7 1.3 0.1 0.9 1.7 0.09 16.5 NB
IN046             206.7 213.2 6.5 0.1 1.7 2.1 0.14 17.2 NB
incl.             208.7 209.7 1.0 0.2 4.1 3.3 0.24 39.0 NB
IN047 654009 4171816 211 180 -61 423.60 397.0 398.9 1.9 0.1 0.7 0.5 1.60 67.9 NB
IN047             406.9 408.8 1.9 0.1 1.5 3.3 0.18 3.5 NB
IN048 654222 4171687 199 174 -49 279.50 154.2 156.2 2.0 0.0 0.2 0.3 0.0 2.5 NB
IN049 653117 4171716 176 177 -56 351.40 296.9 297.4 0.5 0.0 0.0 0.0 3.2 10.0 SB
IN050 654341 4171678 205 173 -50 188.30 81.2 84.0 2.8 0.2 1.1 2.4 0.3 19.1 NB
IN051 653097 4171874 201 179 -47 500.90 455.4 456.9 1.5 0.2 1.0 2.8 0.2 11.7 NB
IN052 654165 4171551 204 173 -49 142.40 62.8 69.0 6.2 2.1 8.3 14.3 0.63 198.3 SB
incl.             66.2 68.2 2.0 2.9 12.5 22.2 0.60 300.5 SB
IN053 653846 4171639 202 176 -46 204.80 104.3 110.6 6.3 0.7 2.2 4.5 0.18 84.6 NB
IN054 654529 4171822 204 172 -49 248.50 220.2 223.4 3.2 1.9 9.2 17.1 0.55 226.3 NB
incl.             222.0 223.4 1.3 3.9 20.0 36.8 0.53 401.4 NB
IN056 653993 4171654 207 168 -50 249.50 152.4 154.0 1.6 0.1 6.5 8.9 0.11 20.6 NB
IN057 654080 4171743 204 175 -62 316.00 289.9 302.7 12.8 0.2 0.8 1.4 0.23 23.2 NB
incl.             291.9 294.0 2.1 0.6 1.6 2.9 0.56 73.8 NB
IN059 654488 4171677 212 171 -64 213.70 81.4 82.1 0.7 0.1 1.4 2.9 0.09 8.9 NB
LA ROMANERA LR005 646567 4172435 146 224 -66 224.40 117.7 124.7 7.0 0.2 3.9 4.4 2.44 143.1 UL
LR005             168.5 185.4 16.9 0.4 1.0 2.2 2.90 145.2 LL
incl.             173.0 177.0 4.0 0.3 1.5 1.4 4.45 178.8 LL
LR007 646888 4172759 154 188 -57 673.40 547.0 554.0 7.0 0.8 0.7 2.9 0.15 14.7 LL
incl.             547.0 548.0 1.0 3.7 0.2 1.3 0.30 15.5 LL
incl.             551.5 554.0 2.5 0.6 1.5 6.9 0.24 30.5 LL
                                 

 

NB= North Block Infanta, SB=South Block Infanta, LL= Lower Lens Romanera, UL= Upper Lens Romanera

 

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 NI 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 August 4, 2022

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