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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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.

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(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 18, 2025 TheNewswire - Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news release dated July 3, 2025, the Company has upsized and closed its previously announced non-brokered private placement of units of the Company (" Units ") at an issue price of $0.05 per Unit  (the "Private Placement" ). Due to strong investor demand, the Private Placement was increased from 5,000,000 Units to the issuance of 11,500,000 Units for gross proceeds of $575,000.

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Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

 
 

Finlay Minerals Ltd . (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF), the "Company", is pleased to announce that the approved budget under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") 1 for both the PIL and ATTY Projects, has been increased to a total of $3.6 million .

 
 

  Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.) 

 

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

 

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6 million for the PIL project and up to $1.0 million for the ATTY project. Both programs are fully funded under the Earn-In Agreements with Freeport . According to these agreements, Freeport may earn an 80% interest in each property by investing a total of $35 million in exploration expenditures and making cash payments totaling $4.1 million over/up to six years.   2 Until the Finlay-Freeport Earn-In Agreements complete, Finlay owns 100% of both properties.

 

The PIL   Property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization.  To date, 18 porphyry Cu ± Mo ± Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL Property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan's JOY Project, as well as TDG Gold Corp.'s Shasta/Baker and Sofia Properties. It is also situated 25 kilometres ("km") northwest of Centerra Gold's former Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

 

The ATTY Property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold's Kemess Project and the JOY Project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly extends over 2 km and continues onto the ATTY Property for an additional 1.2 km to the southeast.

 

  The 2025 programs at the PIL and ATTY are well underway with:  

 
  • Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;

  •  
  • Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;

  •  
  • 53 line-km of induced polarization ("IP") geophysical surveys planned on the PIL and 16 line-km on the ATTY, and

  •  
  • Finlay acting as the Operator on both properties.
  •  

Finlay's President and CEO, Ilona Lindsay , states :  

 

  "We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."  

 

  References:  

 
  1. Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

  2.  
  3. Finlay news releases NR 03-25 dated April 17, 2025 entitled: "  Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties " and NR 05-25 dated May 2, 2025 and entitled: "  Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement. "
  4.  

  Qualified Person:  

 

  Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

 

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com   .  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown ,
Executive Chairman of the Board

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/17/c1585.html  

 
 

 

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Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia TheNewswire - July 17, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its July 3, 2025, news release the Company is pleased to announce that it has received approval from the TSX Venture Exchange to close its private placement financing (the "Financing") for aggregate gross proceeds of $1,000,000.

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