Emerita Resources Corp. (TSX – V: EMO; OTCQB:
EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to
announce assay results from 21 additional holes from the 2023
delineation drilling at La Infanta deposit, part of Emerita’s
wholly owned Iberian Belt West project (“IBW” or the “Project”).
These results will be included in the upcoming NI 43-101 compliant
mineral resource estimate (“MRE”) which is presently being
finalized and is expected to be released later this week. 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 Company is also pleased to announce that the
Ministry of Industrial Policy and Energy of Huelva, Andalusia has
granted the exploration permit for the Infanta Sur Property (Figure
1). This permit adds an additional 848.5 hectares to IBW, which has
now increased from 1,545.6 hectares to a total of 2,394.1 hectares.
Infanta Sur is located south of the current La Infanta area in IBW.
The new exploration permit allows Emerita to begin exploration
immediately in the newly permitted area. The area granted is
permitted for exploration activity and does not require further
environmental department or municipal approvals for work to
proceed. The Company is currently planning geophysical and
geological work to be done in the area. The Infanta Sur exploration
permit is granted for an initial period of three years and can be
renewed for subsequent additional periods.
Joaquin Merino, P.Geo., President of Emerita
stated, “The continued high-grade results at La Infanta are very
encouraging and support our decision to expand our exploration
footprint at the IBW project. The Emerita team is planning
additional drilling to continue exploration beyond the upcoming
MRE. The holes in this release are being incorporated into the
block model for the forthcoming MRE. The Independent Qualified
Person is in the final stages completing the independent mineral
resource estimate.”
La Infanta deposit comprises 2 mineralized
blocks (north and south) which are separated by a reverse fault.
The deposit is locally characterized by the development of
high-grade polymetallic massive sulphide mineralization. The known
mineralization occurs from surface to 350 m depth and extends 1,400
m along strike and remains open both to the east and west. The
highest grades were found on the central portion which extends
approximately 700 m along strike. Thicknesses in the central area
of the deposit range from 3 to 10 m in both blocks. Outside of the
central area the deposit tends to be thinner and lower grade,
however it merits further exploration as massive sulphide
mineralization continues.
La Infanta Drill Results:
Assay results have been received from 21 drill
holes (IN039B, IN055, IN068, IN069, IN070, IN071, IN072, IN073,
IN074, IN075, IN076, IN077, IN078, IN079, IN080, IN081, IN082,
IN083, IN084, IN085 and IN086) at the La Infanta deposit reported
below in Table 1. See Figures 2 and 3 for drill hole locations.
Drill Hole IN039B:
The North Block was intersected at 364.9 m down
the hole and comprises 5.0 m of pyritic mineralization grading 0.3
% Cu; 0.0 % Pb; 0.0 % Zn; 0.55 g/t Au and 45.8 g/t
Ag.
Drill Hole IN068:
The North Block was intersected at 213.9 m down
the hole and comprises 1.5 m grading 0.6 % Cu; 1.1 % Pb;
1.7 % Zn; 0.07 g/t Au and 27.7 g/t Ag; and at
237.4 m down the hole and comprises 2.3 m of
polymetallic mineralization grading 0.0 % Cu; 2.5 % Pb; 1.7 % Zn;
0.09 g/t Au and 11.8 g/t Ag.
Drill Hole IN070:
The North block was intersected at 96.9 m down
the hole and comprises 8.1 m grading 0.1 % Cu; 1.6 % Pb;
1.5 % Zn; 0.11 g/t Au and 26.1 g/t Ag, including 1.6 m
grading 0.2 % Cu; 6.2 % Pb; 5.3 % Zn; 0.16 g/t Au and 47.3 g/t
Ag.
Drill Hole IN071:
The North Block was intersected at 234.6 m down
the hole and comprises 3.3 m grading 0.9 % Cu; 4.2 % Pb;
7.6 % Zn; 0.29 g/t Au and 106.2 g/t Ag.
Drill Hole IN072:
The South Block was intersected at 27.3 m down
the hole and comprises 10.8 m grading 0.3 % Cu; 0.5 % Pb;
1.2 % Zn; 0.12 g/t Au and 14.8 g/t Ag, including 2.1 m
grading 0.6 % Cu; 1.8 % Pb; 3.4 % Zn; 0.41 g/t Au and 58.9 g/t
Ag.
Drill Hole IN073:
The South Block was intersected at 140.0 m down
the hole and comprises 4.2 m of polymetallic mineralization
grading 1.4 % Cu; 6.9 % Pb; 14.7 % Zn; 0.31 g/t Au and 63.7 g/t
Ag, including 2.1 m grading 2.6 %
Cu; 13.3 % Pb; 28.6 % Zn; 0.46 g/t Au and 118.2 g/t
Ag. The South Block (1) was intersected
at 158.2 m down the hole and comprises 0.8 m of massive sulfides
grading 0.4 % Cu; 5.2 % Pb; 10.1 % Zn; 0.05 g/t Au and 46.0 g/t
Ag.
Drill Hole IN074:
The North Block was intersected at 64.6 m down
the hole and comprises 8.6 m grading 0.5 % Cu; 1.5 % Pb;
3.0 % Zn; 0.12 g/t Au and 28.4 g/t Ag. The South Block was
intersected at 148.8 m down the hole and comprises 5.8 m of
massive sulfides grading 0.8 % Cu; 2.3 % Pb; 4.4 % Zn; 0.47 g/t Au
and 113.6 g/t Ag, including 2.2 m
grading 1.4 % Cu; 3.2 % Pb; 6.5 % Zn; 0.59 g/t Au and 178.5 g/t
Ag.
Drill Hole IN075:
The North Block was intersected at 269.1 m down
the hole and comprises 2.9 m grading 0.6 % Cu; 1.7 % Pb; 3.5 % Zn;
0.16 g/t Au and 25.6 g/t Ag.
Drill Hole IN076:
The North Block was intersected at 86.5 m down
the hole and comprises 5.5 m grading 0.6 % Cu; 2.1 % Pb; 4.1 % Zn;
0.50 g/t Au and 54.6 g/t Ag, including 2.3 m grading 1.4 % Cu; 4.4
% Pb; 9.0 % Zn; 0.70 g/t Au and 116.6 g/t Ag.
Drill Hole IN077:
The South Block was intersected at 71.2 m down
the hole and comprises 7.1 m grading 0.6 % Cu; 2.1 % Pb; 3.5 % Zn;
0.23 g/t Au and 43.5 g/t Ag, including 1.2 m grading 2.6 % Cu; 10.4
% Pb; 18.7 % Zn; 0.43 g/t Au and 216.6 g/t Ag. The South Block (1)
was intersected at 104.2 m down the hole and comprises 4.7 m of
massive sulfides grading 0.0 % Cu; 1.3 % Pb; 2.3 % Zn; 0.03 g/t Au
and 3.9 g/t Ag.
Drill Hole IN078:
The North Block was intersected at 137.7 m down
the hole and comprises 4.9 m grading 0.7 % Cu; 4.9 % Pb; 6.4 % Zn;
0.35 g/t Au and 100.8 g/t Ag, including 2.1 m grading 1.5 % Cu;
10.3 % Pb; 13.0 % Zn; 0.21 g/t Au and 194.5 g/t Ag.
Drill Hole IN079:
The North Block was intersected at 405.0 m down
the hole and comprises 3.5 m grading 0.1 % Cu; 1.0 % Pb; 1.8 % Zn;
0.01 g/t Au and 2.6 g/t Ag.
Drill Hole IN080:
The South Block was intersected at 93.0 m down
the hole and comprises 1.8 m grading 0.8 % Cu; 3.0 % Pb; 5.8 % Zn;
0.71 g/t Au and 91.4 g/t Ag.
Drill Hole IN081:
The North Block was intersected at 237.1 m down
the hole and comprises 2.7 m grading 0.7 % Cu; 2.3 % Pb; 5.1 % Zn;
0.27 g/t Au and 77.4 g/t Ag.
Drill Hole IN082:
The South Block was intersected at 162.3 m down
the hole and comprises 5.0 m grading 0.2 % Cu; 0.7 % Pb; 1.3 % Zn;
0.18 g/t Au and 20.3 g/t Ag.
Drill Hole IN083:
The North Block was intersected at 119.5 m down
the hole and comprises 6.7 m grading 0.2 % Cu; 2.5 % Pb; 4.8 % Zn;
0.21 g/t Au and 15.6 g/t Ag, including 1.2 m grading 0.2 % Cu; 7.3
% Pb; 16.6 % Zn; 0.13 g/t Au and 19.8 g/t Ag. The South Block was
intersected at 199.8 m down the hole and comprises 2.6 m of massive
sulfides grading 2.1 % Cu; 6.1 % Pb; 10.8 % Zn; 0.59 g/t Au and
198.6 g/t Ag. The South Block (1) was intersected at 206.6 m down
the hole and comprises 0.7 m of massive sulfides grading 0.4 % Cu;
3.8 % Pb; 10.5 % Zn; 0.14 g/t Au and 29.0 g/t Ag.
Drill Hole IN084:
The North Block was intersected at 411.5 m down
the hole and comprises 0.9 m of pyritic mineralization grading 0.7
% Cu; 0.6 % Pb; 0.4 % Zn; 0.05 g/t Au and 11.4 g/t
Ag.
Drill Hole IN085:
The North Block was intersected at 110.1 m down
the hole and comprises 6.6 m of pyritic mineralization grading 0.0
% Cu; 0.1 % Pb; 0.2 % Zn; 0.30 g/t Au and 7.0 g/t Ag, including 0.5
m grading 0.5 % Cu; 0.7 % Pb; 2.1 % Zn; 0.24 g/t Au and 48.0 g/t
Ag.
Drill Hole IN055, IN069,
IN086:
No significant assays.
Table 1: Diamond drill hole data, La
Infanta deposit
DDH |
Easting |
Northing |
Elevation |
azimuth |
dip |
depth(m) |
FROM |
TO |
Width(m) |
Cu_% |
Pb_% |
Zn_% |
Au_g/t |
Ag_g/t |
LENS |
IN039B |
653905 |
4171789 |
203 |
172 |
-65 |
412.0 |
364.9 |
369.9 |
5.0 |
0.3 |
0.0 |
0.0 |
0.55 |
45.8 |
NB |
IN055 |
652831 |
4171879 |
183 |
172 |
-60 |
481.3 |
NO SIGNIFICANT INTERSECTS |
|
IN068 |
654083 |
4171718 |
207 |
200 |
-50 |
271.6 |
213.9 |
215.4 |
1.5 |
0.6 |
1.1 |
1.7 |
0.07 |
27.7 |
NB |
IN068 |
|
|
|
|
|
|
237.4 |
239.7 |
2.3 |
0.0 |
2.5 |
1.7 |
0.09 |
11.8 |
NB |
IN069 |
654470 |
4171789 |
207 |
172 |
-50 |
319.2 |
NO SIGNIFICANT INTERSECTS |
|
IN070 |
654391 |
4171681 |
205 |
172 |
-65 |
222.5 |
96.9 |
105.0 |
8.1 |
0.1 |
1.6 |
1.5 |
0.11 |
26.1 |
NB |
incl. |
|
|
|
|
|
|
97.9 |
99.5 |
1.6 |
0.2 |
6.2 |
5.3 |
0.16 |
47.3 |
NB |
IN071 |
654083 |
4171718 |
207 |
172 |
-56 |
254.5 |
234.6 |
237.9 |
3.3 |
0.9 |
4.2 |
7.6 |
0.29 |
106.2 |
NB |
IN072 |
653901 |
4171502 |
206 |
172 |
-55 |
90.0 |
27.3 |
38.0 |
10.8 |
0.3 |
0.5 |
1.2 |
0.12 |
14.8 |
SB |
incl. |
|
|
|
|
|
|
28.3 |
30.3 |
2.1 |
0.6 |
1.8 |
3.4 |
0.41 |
58.9 |
SB |
IN073 |
654140 |
4171616 |
208 |
173 |
-48 |
214.9 |
140.0 |
144.2 |
4.2 |
1.4 |
6.9 |
14.7 |
0.31 |
63.7 |
SB |
incl. |
|
|
|
|
|
|
140.6 |
142.7 |
2.1 |
2.6 |
13.3 |
28.6 |
0.46 |
118.2 |
SB |
IN073 |
|
|
|
|
|
|
158.2 |
158.9 |
0.8 |
0.4 |
5.2 |
10.1 |
0.05 |
46.0 |
SB1 |
IN074 |
653899 |
4171610 |
203 |
183 |
-51 |
217.9 |
64.6 |
73.2 |
8.6 |
0.5 |
1.5 |
3.0 |
0.12 |
28.4 |
NB |
IN074 |
|
|
|
|
|
|
148.8 |
154.6 |
5.8 |
0.8 |
2.3 |
4.4 |
0.47 |
113.6 |
SB |
incl. |
|
|
|
|
|
|
149.9 |
152.1 |
2.2 |
1.4 |
3.2 |
6.5 |
0.59 |
178.5 |
SB |
IN075 |
654083 |
4171718 |
207 |
172 |
-64 |
286.9 |
269.1 |
272.0 |
2.9 |
0.6 |
1.7 |
3.5 |
0.16 |
25.6 |
NB |
IN076 |
653546 |
4171606 |
210 |
172 |
-50 |
214.7 |
86.5 |
92.0 |
5.5 |
0.6 |
2.1 |
4.1 |
0.50 |
54.6 |
NB |
incl. |
|
|
|
|
|
|
88.7 |
91.0 |
2.3 |
1.4 |
4.4 |
9.0 |
0.70 |
116.6 |
NB |
IN077 |
654114 |
4171558 |
208 |
172 |
-55 |
168.5 |
71.2 |
78.3 |
7.1 |
0.6 |
2.1 |
3.5 |
0.23 |
43.5 |
SB |
incl. |
|
|
|
|
|
|
74.1 |
75.3 |
1.2 |
2.6 |
10.4 |
18.7 |
0.43 |
216.6 |
SB |
IN077 |
|
|
|
|
|
|
104.2 |
108.9 |
4.7 |
0.0 |
1.3 |
2.3 |
0.03 |
3.9 |
SB1 |
IN078 |
653979 |
4171661 |
207 |
172 |
-50 |
256.7 |
137.7 |
142.6 |
4.9 |
0.7 |
4.9 |
6.4 |
0.35 |
100.8 |
NB |
incl. |
|
|
|
|
|
|
139.4 |
141.5 |
2.1 |
1.5 |
10.3 |
13.0 |
0.21 |
194.5 |
NB |
IN079 |
653305 |
4171885 |
201 |
172 |
-50 |
438.9 |
405.0 |
408.5 |
3.5 |
0.1 |
1.0 |
1.8 |
0.01 |
2.6 |
NB |
IN080 |
653825 |
4171537 |
200 |
178 |
-69 |
128.5 |
93.0 |
94.8 |
1.8 |
0.8 |
3.0 |
5.8 |
0.71 |
91.4 |
SB |
IN081 |
653398 |
4171748 |
186 |
172 |
-50 |
341.5 |
237.1 |
239.8 |
2.7 |
0.7 |
2.3 |
5.1 |
0.27 |
77.4 |
NB |
IN082 |
654316 |
4171690 |
205 |
172 |
-47 |
206.5 |
162.3 |
167.3 |
5.0 |
0.2 |
0.7 |
1.3 |
0.18 |
20.3 |
SB |
IN083 |
654095 |
4171668 |
208 |
176 |
-47 |
227.9 |
119.5 |
126.2 |
6.7 |
0.2 |
2.5 |
4.8 |
0.21 |
15.6 |
NB |
incl. |
|
|
|
|
|
|
125.0 |
126.2 |
1.2 |
0.2 |
7.3 |
16.6 |
0.13 |
19.8 |
NB |
IN083 |
|
|
|
|
|
|
199.8 |
202.5 |
2.6 |
2.1 |
6.1 |
10.8 |
0.59 |
198.6 |
SB |
IN083 |
|
|
|
|
|
|
206.6 |
207.3 |
0.7 |
0.4 |
3.8 |
10.5 |
0.14 |
29.0 |
SB1 |
IN084 |
654009 |
4171816 |
211 |
191 |
-62 |
442.2 |
411.5 |
412.4 |
0.9 |
0.7 |
0.6 |
0.4 |
0.05 |
11.0 |
NB |
IN085 |
654668 |
4171740 |
200 |
176 |
-55 |
176.4 |
110.1 |
116.7 |
6.6 |
0.0 |
0.1 |
0.2 |
0.30 |
7.0 |
NB |
incl. |
|
|
|
|
|
|
110.6 |
111.1 |
0.5 |
0.5 |
0.7 |
2.1 |
0.24 |
48.0 |
NB |
IN086 |
654546 |
4171722 |
207 |
176 |
-53 |
147.5 |
NO SIGNIFICANT INTERSECTS |
|
Figure 1: Newly granted exploration
permit for Infanta Sur (848.5 hectares)
View Figure 1
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/29ab62fd-5848-472c-a154-f557272d6d95
Figure 2: Vertical longitudinal section
projection: South Block, La Infanta deposit
View Figure 2
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/7b0ab0b9-a4f7-4f39-a10d-ac232371fdc3
Figure 3: Plan map showing drill hole trace
surface projections, La Infanta deposit
View Figure 3
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/759133b6-48db-48f3-af7e-1da2aeb38f2d
Extension of Warrants
Emerita also announces that it has received
approval from the TSX Venture Exchange to extend to January 15,
2024 the expiry date of 7,847,150 common share purchase warrants
(the “Warrants”) that were previously set to expire on July 15,
2023. Each Warrant is exercisable for one common share in the
capital of the Company for an exercise price of $1.50.
Quality Assurance/Quality
Control
Drilling at La Romanera and La Infanta 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).
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:
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.
Emerita Resources (TSXV:EMO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Emerita Resources (TSXV:EMO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024