Emerita Intersects 25.1 Meters Grading 0.3% Copper, 1.5% Lead, 6.0% Zinc, 0.74 G/T Gold and 82.0 G/T Silver at La Romanera Deposit, Awards Contract to Prepare Independent Resource Estimate

Emerita Intersects 25.1 Meters Grading 0.3% Copper, 1.5% Lead, 6.0% Zinc, 0.74 G/T Gold and 82.0 G/T Silver at La Romanera Deposit, Awards Contract to Prepare Independent Resource Estimate

Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "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.

Emerita has received assay results for 7 additional drill holes from the 2022 delineation drilling at the La Romanera Deposit. Presently, there are 14 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program. The Company has currently completed 100 drill holes at La Romanera, with another 14 in progress. At La Infanta, 77 drill holes have been completed to date and 1 hole is in progress. A video of our 14 drill rigs operating on La Romanera deposit can be seen at the link below:

https://www.youtube.com/watch?v=xfgN9IfqQPw

According to David Gower, P.Geo, CEO of Emerita, "The Company is planning to complete the maiden NI 43-101 Technical Report and Mineral Resource estimate for IBW around the end of Q1 or early Q2 2023. We expect to lock in the databases for both La Romanera and La Infanta deposits for this estimate between January 31 and February 15, 2023 so the resource modeling can proceed. We plan to complete approximately 35 more holes by that time, most of these are short holes targeting the upper part of the deposit or specific areas where drill spacing should be improved. It is expected both deposits will remain open for further expansion when we lock the database for this estimate."

Emerita has awarded the contract to complete the independent mineral resource estimate and Technical Report to Wardell Armstrong International ("WAI"). WAI is a wholly owned subsidiary of Wardell Armstrong LLP, a British multidisciplinary Environmental, Engineering and Mining consultancy, first established in 1837, and now operating from 13 offices in the UK and internationally. WAI has a strong client list, including companies and organisations from the private and public sectors, as well as many major financial institutions. WAI has been involved in multiple LSE Main Board and AIM listings as well as NI 43-101 Technical Reports for TSX and Competent Person's Reports for ASX listed companies. WAI has a long track record of providing high quality technical services to the mining industry worldwide and has significant experience with deposits and operations of the Iberian Pyrite Belt over the last 30 years.

Assay results have been received from 7 drill holes (LR016, LR040, LR044, LR046, LR047, LR052 and LR057) at the La Romanera deposit (Figures 1, 2 and 3 and Table 1). These intercepts are located on the east and west edges of the footprint of the historical boreholes, between -100 and -250 m vertical elevation.

Drill Hole LR016: The Upper Lens was intersected at 260.7 m down the hole and comprises 3.8 m of stockwork mineralization grading 0.2 % Cu; 3.2 % Pb; 0.6 % Zn; 1.08 g/t Au and 123 g/t Ag. The Lower Lens was intercepted at 288.0 m, 23 m below the Upper Lens and encountered 40.2 m of massive sulphide mineralization grading 0.3% Cu; 1.5 % Pb; 4.3 % Zn; 1.36 g/t Au and 75.5 g/t Ag, including 7.0 m grading 0.3 % Cu; 2.6 % Pb; 5.9 % Zn; 2.78 g/t Au and 110.5 g/t Ag.

Drill Hole LR040: The Lower Lens was intercepted at 485.4 m down hole, about 350 m below surface. Mineralization is characterized by massive sulphide, primarily pyrite and encountered 20.6 m grading 0.3 % Cu; 1.0 % Pb; 0.6 % Zn; 1.54 g/t Au and 62.3 g/t Ag.

Drill Hole LR044: The Upper Lens was intercepted at 288.3 m down the hole. It intercepted 4.4 m grading 0.7 % Cu; 6.1 % Pb; 9.2 % Zn; 2.14 g/t Au and 207.3 g/t Ag. This hole also intercepted the Lower Lens, which comprised primarily massive pyrite with low base and precious metal content.

Drill Hole LR046: The first intercept for hole LR046 is located approximately 250 m vertically below surface. The mineralization was encountered at 308.2 m down the hole comprising 7.5 m of massive sulphide grading 0.7 % Cu; 0.5 % Pb; 0.4 % Zn; 2.24 g/t Au and 132.0 g/t Ag. This would correspond to the Upper Lens. The Lower Lens appears 3.7 m after the Upper Lens. It intercepted 22.2 m of massive sulphide mineralization grading 1.0 % Cu; 0.45 g/t Au and 72.0 g/t Ag. 18.2 m below the Lower Lens, the hole intercepts 2.2 m of stockwork mineralization grading 1.4 % Cu; 0.5 % Pb; 1.6 % Zn; 0.82 g/t Au and 37.9 g/t Ag.

Drill Hole LR047: This hole intercepts the Lower Lens only. The hole encountered 31.6 m of sulphide mineralization at 307 m down the hole. The most abundant mineral is pyrite. The intercept returned 0.2 % Cu; 0.7 % Pb; 3.9 % Zn; 0.39 g/t Au and 46.0 g/t Ag.

Drill Hole LR052: This hole encountered two stockwork zones with sub economic grades, at 360.2 m and 374.6 m. the first stockwork zone is 6.3 m grading 0.6 % Cu; 0.51 g/t Au and 28.6 g/t Ag. The second stockwork zone is 4.2 m grading 0.9 % Cu; 0.32 g/t Au and 8.5 g/t Ag.

Drill Hole LR057: The Upper Lens was intersected at 301.4 m down the hole and comprises 26.0 m grading 0.3 % Cu; 2.2 % Pb; 0.4 % Zn; 1.71 g/t Au and 204.8 g/t Ag, including 7.6 m grading 0.2 % Cu; 4.7 % Pb; 1.0 % Zn; 1.84 g/t Au and 277.1 g/t Ag . The Lower Lens was intercepted at 328.8 m, 1.4 m below the Upper Lens and encountered 25.1 m grading 0.3 % Cu; 1.5 % Pb; 6.0 % Zn; 0.74 g/t Au and 82.0 g/t Ag, including 6.6 m grading 0.3 % Cu; 2.6 % Pb; 9.7 % Zn; 0.89 g/t Au and 125.1 g/t Ag.

221220 Fig 1

Figure 1: Plan map showing drill hole locations

View Figure 1 here: https://www.globenewswire.com/NewsRoom/AttachmentNg/5c43f75a-4a32-4c1f-8109-f0828dd1bad4


221220 Fig 2

Figure 2: Vertical Longitudinal projection of the Upper Lens at the La Romanera   Deposit

View Figure 2 here: https://www.globenewswire.com/NewsRoom/AttachmentNg/559875e2-88c1-45ea-83f7-4d0ae7d34c2e


221220 Fig 3

Figure 3: Vertical Longitudinal projection of the Lower Lens at La Romanera Deposit

View Figure 3 here: https://www.globenewswire.com/NewsRoom/AttachmentNg/4fe0a7ef-58ce-4e68-aef0-ce18d3692505



DDH Easting Northing Elevation azimuth dip depth
(m)
FROM TO Width
(m)
Cu_% Pb_% Zn_% Au_g/t Ag_g/t
LR016 646748 4172458 152 181 -74 337.0 260.7 264.5 3.8 0.2 3.2 0.6 1.08 123.7
LR016 288.0 328.2 40.2 0.3 1.5 4.3 1.36 75.5
incl. 288.0 295.0 7.0 0.3 2.6 5.9 2.78 110.5
LR040 646716 4172736 146 200 -53 512.6 485.4 506.0 20.6 0.3 1.0 0.6 1.54 62.3
LR044 646660 4172585 152 196 -53 356.4 288.3 292.7 4.4 0.7 6.1 9.2 2.14 207.3
LR046 646660 4172585 152 196 -60 386.0 308.2 315.7 7.5 0.7 0.5 0.4 2.24 132.0
LR046 319.4 341.6 22.2 1.0 0.1 0.0 0.45 72.0
LR046 359.8 362.0 2.2 1.4 0.5 1.6 0.82 37.9
LR047 646845 4172507 154 198 -59 360.5 307.0 338.5 31.6 0.2 0.7 3.9 0.39 46.0
LR052 646660 4172585 152 198 -65 412.7 360.2 366.5 6.3 0.6 0.1 0.1 0.51 28.6
LR052 374.6 378.8 4.2 0.9 0.1 0.0 0.32 8.5
LR057 646845 4172507 154 199 -65 372.0 301.4 327.4 26.0 0.3 2.2 0.4 1.71 204.8
incl. 319.0 326.6 7.6 0.2 4.7 1.0 1.84 277.1
LR057 328.8 353.8 25.1 0.3 1.5 6.0 0.74 82.0
incl. 343.9 350.5 6.6 0.3 2.6 9.7 0.89 125.1

Table 1: Drill hole data

Quality Assurance/Quality Control

Drilling at La Romanera is HQ size and core is placed into core trays at the drill site and transported directly from the site to Emerita's coreshack (15KM) from La Romanera and (8KM) from La Infanta. Once the cores are received at Emerita's coreshack they are photographed and geotechnical logging is performed. Geological, mineralogical and structural logging follows and mineralized zones are identified. The samples are marked every 1m or less, and respecting lithological contacts, with most of the samples 1.0m long. The zone immediately above and below the mineralized zones are also sampled. Core samples are sawed in half and half of the core is returned to the core tray for future reference. Once the core samples are cut, bagged and tagged, they are shipped to the ALS laboratory in Seville by Emerita personnel where sample preparation is done. In Seville, ALS performs the mechanical preparation of the samples and then the pulps are sent to ALS Ireland (ICP) and ALS Romania (fire assay). The analysis at ALS Lab corresponds to the ME-ICPore (19 elements) package, together with the Au-AA23 fire assay (Gold). ALS is independent of Emerita.

10% of the analyzed samples correspond to control samples (fine blanks, coarse blanks, high, medium and low grade standards). In addition, 10% of pulps are reanalyzed at a second independent certified laboratory (AGQ Lab Sevilla). When the analysis is completed, the certificates are received from the laboratory and the QA/QC protocol identifies any deviation or anomaly in the results and the entire batch is re-assayed in such case. Once the data is approved by the QA/QC protocol assays are entered digitally directly into the database.

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.

For further information contact:

Joaquin Merino
+34 (628) 1754 66 (Spain)

Vincent Chen
+1 778 990 9433 (Toronto)
info@emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization of the IBW Project; the Company's drill program; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

EMO:CA
The Conversation (0)
Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project

Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project

Emerita Resources Corp. (" Emerita " or the " Company ") (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) announces that through its wholly-owned Spanish subsidiary, Emerita Resources España S.L.U., it has submitted all the required documentation (the " Supporting Documentation ") to support its application to the "Delegación Territorial de Energía y Minas in Huelva province, Junta de Andalucia" for an exploitation licence (the " Exploitation Licence ") for Emerita's wholly-owned Iberian Belt West project (" IBW " or the " Project "). Please see the Company's September 12, 2023 press release for further details regarding the Company's application for the Exploitation Licence.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Announces Commencement of Drilling Program at Nuevo Tintillo Project, Spain

Emerita Announces Commencement of Drilling Program at Nuevo Tintillo Project, Spain

Emerita Resources Corp. (TSX–V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces it is commencing with the previously announced diamond drill program (see news release August 30, 2023) (the "Drill Program") at its wholly owned Nuevo Tintillo project ("Nuevo Tintillo" or the "Project") (Figure 1). Due to an unusually hot and dry summer, the restrictions related to fire prevention in the area were extended to mid-October.   During the hottest weather in this region of Spain, heavy equipment is not permitted to operate during the daytime hours. According to Joaquin Merino, P.Geo., President of Emerita, "This is the most extended dry period seen in the region in many years. Some rainy weather has started however much more is needed as reservoirs, ponds, smaller streams and rivers are still dry in many cases. The Company will truck water for the drill program."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Intersects 6.3 Meters Grading 0.8% Copper; 1.6% Lead; 3.9% Zinc; 2.8 g/t Gold and 52.0 g/t Silver within a 27.6 Meters Thick Massive Sulphide Zone, Extending La Romanera Deposit at Depth. Three Additional Thick Massive Sulphide Intervals, Assays Pending

Emerita Intersects 6.3 Meters Grading 0.8% Copper; 1.6% Lead; 3.9% Zinc; 2.8 g/t Gold and 52.0 g/t Silver within a 27.6 Meters Thick Massive Sulphide Zone, Extending La Romanera Deposit at Depth. Three Additional Thick Massive Sulphide Intervals, Assays Pending

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces additional drilling results from the ongoing drilling program at La Romanera Deposit, part of Emerita's wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from La Romanera deposit where drilling is tracing the extension of the deposit at depth.

Results herein are from drill holes LR154 and LR155, which have intercepted polymetallic mineralization in the form of a massive to semi-massive sulphide lens at approximately -450m elevation (approximately 600m below surface). See Figure 1 and Table 1 below.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Resources Files Exploitation Licence Application for the IBW Project

Emerita Resources Files Exploitation Licence Application for the IBW Project

Emerita Resources Corp. (" Emerita " or the " Company ") (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) announces that through its wholly-owned Spanish subsidiary, Emerita Resources España S.L.U., it has submitted an application to the "Delegación Territorial de Energía y Minas in Huelva province, Junta de Andalucia" (the " Junta ") for an exploitation licence (the " Exploitation Licence ") for Emerita's wholly-owned Iberian Belt West project (" IBW " or the " Project ").

The Exploitation Licence in Spain, when granted, has a 30-year term and can be extended for two subsequent 30-year periods.   Under Spanish regulations, in support of its Exploitation License application, Emerita has 3 months to submit certain additional documentation to supplement the application for the Exploitation Licence including an environmental impact study and mining plan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Emerita Announces Planned Drilling Program at Nuevo Tintillo Project, Spain

Emerita Announces Planned Drilling Program at Nuevo Tintillo Project, Spain

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces planned diamond drilling program (the "Drill Program") at its wholly owned Nuevo Tintillo project ("NT" or the "Project). The Drill Program is expected to commence late in the third quarter or early in the fourth quarter of this year. The precise start date for the Drill Program will depend on the easing of regulations presently imposed in southern Spain to reduce the risk of fires. Restrictions typically end around the middle of September as the weather begins to moderate. Presently, heavy equipment is not permitted to operate during the daytime hours due to hotter temperatures.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Power-up Gravity Gold Plant at Reward

Vertex Minerals Limited Power-up Gravity Gold Plant at Reward

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with powering the plant up now completed and mechanical commissioning underway.

The processing facility rebuild, refurbishment and installation has progressed safely, efficiently and to plan, with the focus now turning to dry and wet commissioning of the respective operating circuits.

HIGHLIGHTS

- Vertex power up the newly installed Gravity Gold plant at the Reward Gold Mine.

- The Power generation units have now been installed and plugged into the Gravity plant.

- The plant components are now all installed and connected electrically.

- Completion of the dry stack tailing storage facility and tailings pipework installation.

- The plant can now be started up and mechanically tested and operated.

- Wet commissioning and ore feed commissioning will follow.

- Ore Sorter installation will be a retrofitted in early January

- Commissioning will be with stockpiled gold ore located alongside the gold plant

Vertex's Executive Chairman, Roger Jackson, said: "On time and within budget, the refurbishment and installation activities at the Reward gravity gold processing plant are almost complete with power up testing now underway. Our focus is now switching to dry and wet commissioning in the lead up to first gold next month. This is an exciting milestone for the company given the quality of the plant and the low capex required to get to this stage".

The Reward gold mine is well placed for a simple start -up:

- The new processing plant has been installed adjacent to the underground mine portal (640 Level) and over the existing footprint of the existing plant

- The 640 Level extends into the resource and no stripping required.

- Second egress in place with existing ladder way from 640 Level to surface.

- Some underground fleet and utility services are already owned by Vertex. With new fleet arriving.

*To view photographs, please visit:
https://abnnewswire.net/lnk/B92995G8



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of (i) 70,326,229 flow-through units of the Company (" FT Units ") consisting of 64,215,117 FT Units at an issue price of C$0.50 per FT Unit and 6,111,112 FT Units at an issue price of C$0.54 per FT Unit, for aggregate gross proceeds of C$35,407,558.98 and (ii) 277,051,466 units of the Company (" HD Units ") at a price of C$0.26 per HD Unit, for aggregate gross proceeds of C$72,033,381.16.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Noble Minerals Announces Update to Drilling Results from Noble Minerals-Canada Nickel Joint Venture on Mann Twp

Noble Minerals Announces Update to Drilling Results from Noble Minerals-Canada Nickel Joint Venture on Mann Twp

(TheNewswire)

Noble Mineral Exploration Inc.

Highlights

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Falco Announces Election of Directors and Closing of Its Senior Debt Transactions

Falco Announces Election of Directors and Closing of Its Senior Debt Transactions

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announces that the five (5) nominees listed in the management information circular dated November 4, 2024, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual and special meeting of shareholders on December 10, 2024, are set out below:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×