Emerita Resources Corp. (TSX – V: EMO; OTCQB:
EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to
announce additional assay results from the ongoing delineation
drilling program at La Romanera Deposit, part of Emerita’s wholly
owned Iberian Belt West Project (“IBW” or the “Project”). These
results will be included in the upcoming maiden NI 43-101 compliant
mineral resource estimate (“MRE”). Assays from 10 additional drill
holes from La Romanera deposit have been received. 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.
Joaquin Merino, P.Geo., President of Emerita
stated, “These holes are being incorporated into the block model
for the forthcoming MRE. Meetings are occurring this week with
Wardell Armstrong International, who has been engaged to complete
the MRE, to review and refine the block model as we approach
completion. Assay data for the remaining few drill holes is being
incorporated as they are received.”
La Romanera assay results
include holes LR085, LR090, LR096, LR112, LR114, LR137, LR140,
LR142, LR144, and LR145 and are reported below.
These holes are distributed broadly across the
deposit between +100 and -350 m elevation (Figures 1, 2 and 3;
detailed drill data is presented in Table 1).
Drill hole intercepts below 250 m depth (LR096,
LR140, LR142) intercepted both the Upper and Lower Lenses. In some
cases, the width of the lenses exceeds 30 meters and returned high
grades in base metals as well as gold and silver.
Drill hole intercepts in the upper part of the
deposit (LR137, LR145, LR144) intercepted both the Upper and Lower
Lenses. The Upper Lens is characterized by high grade in base
metals, gold and silver over narrow widths. The Lower Lens presents
moderate widths in base metal grades and moderate to high grades in
gold and silver.
Drill hole grades and thicknesses are reported
below.
Drill Hole LR096:
The Upper Lens was intersected at 512.6 m and
encountered 5.4 m grading 0.3 % Cu; 1.5 % Pb; 3.0 % Zn; 1.24 g/t Au
and 80.6 g/t Ag. The Lower Lens was intersected at 518.0 m and
comprises 4.5 m grading 0.2 % Cu; 2.0
% Pb; 3.4 % Zn; 2.28 g/t Au and 225.0 g/t
Ag.
Drill Hole LR112:
The Lower Lens was intersected at 242.6 m and
encountered 2.3 m grading 0.2 % Cu; 2.3 % Pb; 6.7 % Zn;
0.83 g/t Au and 79.9 g/t Ag.
Drill Hole LR137:
The Lower Lens was intersected at 149.9 m and
encountered 3.1 m grading 0.2 % Cu; 0.8 % Pb; 0.2 % Zn;
1.53 g/t Au and 68.8 g/t Ag.
Drill Hole LR140:
The Lower Lens was intersected at 632.5 m down
the hole and comprises 30.45 m grading 0.3 % Cu; 1.5 %
Pb; 3.9 % Zn; 1.42 g/t Au and 84.2 g/t
Ag including 8.1 m
grading 0.2 % Cu; 4.0 % Pb; 13.8 % Zn; 2.46 g/t Au and 164.6 g/t
Ag.
Drill Hole LR142:
The Upper Lens was intersected at 517.2 m and
comprises 30.5 m of mineralization grading 0.3 % Cu; 1.6 % Pb; 1.5
% Zn; 2.61 g/t Au and 193.5 g/t Ag including 5.40 m
grading 0.5 % Cu; 3.6 % Pb; 0.4 % Zn; 7.54 g/t Au and 675.7 g/t
Ag. The Lower Lens was intersected at 518.6 m down the
hole and comprises 7.45 m of mineralization grading 0.2 %
Cu; 3.1 % Pb; 9.4 % Zn; 1.79 g/t Au and 141.8 g/t Ag.
Drill Hole LR144:
The Upper Lens was intersected at 91.4 m and
encountered 1.6 m grading 0.4 % Cu; 4.1 % Pb; 8.0 % Zn; 2.96 g/t Au
and 149.5 g/t Ag. The Lower Lens was intersected at 97.3 m and
comprises 3.65 m grading 0.2 % Cu;
2.9 % Pb; 1.0 % Zn; 2.34 g/t Au and 119.8 g/t
Ag.
Drill Hole LR145:
The Lower Lens was intersected at 94.4 m and
encountered 2.75 m grading 0.1 % Cu; 1.5 % Pb; 2.8 % Zn;
2.10 g/t Au and 86.7 g/t Ag.
Drill Hole LR85, LR090,
LR114:
Low grade pyrite, no significant assays.
Table 1: Diamond Drill Hole Data, La
Romanera Deposit
DDH |
Easting |
Northing |
Elevation |
azimuth |
dip |
depth (m) |
FROM |
TO |
Width (m) |
Cu_% |
Pb_% |
Zn_% |
Au_g/t |
Ag_g/t |
LENS |
LR085 |
646845 |
4172507 |
154 |
164 |
-67 |
398.3 |
NO SIGNIFICANT INTERSECTS |
LL |
LR090 |
646335 |
4172525 |
138 |
187 |
-64 |
192.4 |
NO SIGNIFICANT INTERSECTS |
|
LR096 |
646800 |
4172737 |
150 |
190 |
-55 |
553.0 |
512.6 |
518.0 |
5.4 |
0.3 |
1.5 |
3.0 |
1.24 |
80.6 |
UL |
LR096 |
|
|
|
|
|
|
518.0 |
522.5 |
4.5 |
0.2 |
2.0 |
3.4 |
2.28 |
225.0 |
LL |
LR112 |
646967 |
4172385 |
170 |
171 |
-69 |
272.7 |
242.6 |
244.9 |
2.3 |
0.2 |
2.3 |
6.7 |
0.83 |
79.9 |
LL |
LR114 |
646567 |
4172435 |
146 |
216 |
-38 |
150.8 |
NO SIGNIFICANT INTERSECTS |
LL |
LR137 |
646414 |
4172539 |
142 |
199 |
-42 |
176.0 |
149.9 |
153.0 |
3.10 |
0.2 |
0.8 |
0.2 |
1.53 |
68.8 |
LL |
LR140 |
646751 |
4172871 |
154 |
208 |
-53 |
685.4 |
632.5 |
663.0 |
30.45 |
0.3 |
1.5 |
3.9 |
1.42 |
84.2 |
LL |
incl. |
|
|
|
|
|
|
654.9 |
663.0 |
8.10 |
0.2 |
4.0 |
13.8 |
2.46 |
164.6 |
LL |
LR142 |
646811 |
4172660 |
152 |
218 |
-63 |
594.4 |
486.7 |
517.2 |
30.50 |
0.3 |
1.6 |
1.5 |
2.61 |
193.5 |
UL |
incl. |
|
|
|
|
|
|
507.9 |
513.3 |
5.40 |
0.5 |
3.6 |
0.4 |
7.54 |
675.7 |
UL |
LR142 |
|
|
|
|
|
|
518.6 |
526.0 |
7.45 |
0.2 |
3.1 |
9.4 |
1.79 |
141.8 |
LL |
LR144 |
646712 |
4172405 |
150 |
156 |
-46 |
146.0 |
91.4 |
93.0 |
1.60 |
0.4 |
4.1 |
8.0 |
2.96 |
149.5 |
UL |
LR144 |
|
|
|
|
|
|
97.3 |
101.0 |
3.65 |
0.2 |
2.9 |
1.0 |
2.34 |
119.8 |
LL |
LR145 |
646712 |
4172405 |
150 |
177 |
-31 |
131.0 |
94.4 |
97.2 |
2.75 |
0.1 |
1.5 |
2.8 |
2.10 |
86.7 |
LL |
Figure 1: Vertical longitudinal section showing Upper
Lens intercepts, La Romanera Deposit
View Figure 1
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/1dfbc19b-888a-4de0-80ff-ce10ae30c0fd
Figure 2: Vertical longitudinal section
showing Lower Lens intercepts, La Romanera Deposit
View Figure 2
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/a42c1825-2169-4548-9336-63c57a9fb731
Figure 3: Plan map showing drill hole trace surface
projections, La Romanera Deposit
View Figure 3
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/25c645f4-6f7e-405e-8ec1-81967daccb4d
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 reassayed 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.
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