Emerita Intersects 3.8% Copper, 30.5% Zinc, 15.6% Lead and 372 g/t Silver Over 5 Meters at Infanta Deposit
August 19 2021 - 7:00AM
Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) announces that it has intersected high
grades in drill hole IN003 at the Infanta Deposit in Huelva
Province, Spain. The intercept occurs from 86.2 – 112.8 meters
which is the deepest of the program to date. Please see Figure 1
below for drill hole locations, Figure 2 for the geological section
and Table 1 below for assays and drill hole coordinates. The
intersections are summarized as follows:
Width |
Copper |
Zinc |
Lead |
Silver |
Gold |
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|
16.2 m |
1.1% |
8.9% |
4.6% |
106.8 g/t |
0.38 g/t |
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Including |
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5.0 m |
3.8% |
30.5% |
15.6% |
372.8 g/t |
1.22 g/t |
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|
(True width is estimated to be 95% of
core width)
According to Joaquin Merino, P.Geo., President
of Emerita, “The early results we are receiving from the Infanta
drill program are excellent confirmation of the exceptional
potential of this mineralized zone. The hole is approximately a 45
meter step out from the previously reported hole IN004 (news
release August 13, 2021). We will provide a further update once we
receive results for several additional holes.”
The initial drill program at Infanta is designed
to test the full 1.2 kilometer strike length of the mineralization
and test the depth extent to at least 300 meters down dip. Our
ongoing geological mapping confirms there is solid evidence,
including some historical excavations, that mineralization should
persist over that strike length and this is further supported by
the preliminary results of the ongoing geophysical survey, which
also suggests the mineralization continues to depth below the
historical drilling. There are 49 historical holes delineating the
deposit to date and the program is moving from the known
mineralization and stepping out systematically along strike and
down dip to establish a NI 43-101 compliant mineral resource
estimate for the deposit.
David Gower, P.Geo., Emerita’s CEO, noted, “The
project is off to an excellent start. With two drills operating we
should see a steady flow of results from the program.”
Health and Safety
Company employees and contractors continue to
follow all protocols related to COVID 19 precautions required to
operate safely. Summer temperatures in this area get very hot and
for safety reasons the Company does not operate the drill rigs when
temperatures exceed 40 degrees centigrade.
Figure 1: Location of drill hole IN003. Holes in
Red are completed and reported. Holes in blue have been drilled and
assays are pending. White holes are
planned.https://www.globenewswire.com/NewsRoom/AttachmentNg/a22276fe-427b-40a6-b86a-c860a50c08b9
Figure 2: Geological section for drill hole
IN003.https://www.globenewswire.com/NewsRoom/AttachmentNg/54d4e361-a82c-4e8f-984a-0a2132028dcd
TABLE 1: Drill hole assays, orientation and coordinates.
DDH |
Easting |
Northing |
Elevation |
azimuth |
dip |
depth |
FROM |
TO |
Width (m) |
Cu_% |
Pb_% |
Zn_% |
Ag_g/t |
Au_g/t |
IN003 |
654,040 |
4,171,539 |
201.0 |
172.0 |
-50.0 |
112.8 |
86.2 |
102.4 |
16.2 |
1.1 |
4.6 |
8.9 |
106.8 |
0.38 |
incl. |
|
|
|
|
|
|
86.2 |
91.2 |
5.0 |
3.8 |
15.6 |
30.5 |
372.8 |
1.22 |
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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.
For further information, contact:
Joaquin Merino+34 (628) 1754 66 (Spain)
Helia Bento+1 416 566 8179
(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, statements the mineralization of the Iberia Belt West
Project (the “Project”) including the infanta deposit, the
prospectivity of the Project, the timing and results of the drill
program, the Company’s ability to complete a NI 43-101 compliant
resource estimate, the impact of changes in the mining laws and
regulations, the impact of COVID 19 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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