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

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

 

Emerita Resources Corp. (TSX V: EMO; OTC: EMOTF) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 exploration drilling at its Iberian Belt West (IBW) 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.

 

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.

 

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 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.

 

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  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

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  About FPX Nickel Corp.  

 

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On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

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o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) 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

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