Emerita Resources Hits 2.6% Copper Over 26.8 Metres

Friday, September 30, 2022, 09:03:06 AM

Emerita Resources (TSXV: EMO) continues to drill test its La Romanera deposit at the Iberia Belt West project in Spain. The firm this morning released assays on two more drill holes conducted at the deposit, while also announcing an increase to the amount of drill rigs working on site.

Highlights from this mornings results include:

LR019:
- Upper Lens: 0.2% copper, 0.5% lead, 0.6% zinc, 1.7 g/t gold and 37.4 g/t silver over 31.0 metres
- Lower Lens: 2.6% copper, 0.5% lead, 1.1% zinc, 0.3 g/t gold and 28.6 g/t silver over 26.8 metres
LR023:
- Upper Lens: 0.4% copper, 0.3% lead, 0.2% zinc, 1.0 g/t gold and 22.3 g/t silver over 12.6 metres
- Lower Lens: 0.9% copper, 1.2% lead, 1.9% zinc, 1.0 g/t gold and 65.7 g/t silver over 5.3 metres

“We continue to extend the mineralized envelope at La Romanera. The historical drilling was done over a number of campaigns by more than one operator and the approach appears to have been inconsistent between campaigns and as the understanding of the geology evolved over time,” commented President Joaquin Merino.

“In certain holes massive sulphides were identified but not assayed. Emerita is seeing high gold values in areas of the Upper Lens, for example, that were not sampled in the historic holes because visually they had lower base metal content. In other areas of the deposit, Emerita is intersecting two Lenses where the historical data base only has data indicating a single lens,” he continued.

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Drilling at the Iberia Belt West Project has also seen the addition of several drill rigs, with 13 rigs on site. 12 of those rigs are focused on La Romanera, while the final rig is focused on infill drilling at the La Infanta deposit. 33 holes at Romanera have been completed to date, with 12 further holes currently being assayed, and twelve in progress.

Emerita Resources last traded at $0.76 on the TSX Venture.

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