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Emerita Resources Accelerates Diamond Drill Program at Romanera Deposit and Increases Program to 70,000 meters
TORONTO, May 17, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that with the permitting for
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, May 17, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that with the permitting for the Romanera and El Cura deposits now completed at its wholly owned Iberia Belt West Project (“IBW” or the “Project”) the focus of the program has shifted to the Romanera Deposit. In order to delineate this deposit and accelerate the Project towards a production decision, the Company intends to complete 70 km of diamond drilling this year. According to Joaquin Merino, P.Geo, President of Emerita, “Our team is fully prepared and excited to execute on this drill campaign. The core shacks and sampling facilities are in place. Our QA/QC protocols are well established and we have environmental and safety professionals dedicated to the Project to ensure we operate to the highest standards of environmental and safety performance.” The Romanera deposit is by far the largest massive sulfide deposit found to date on the IBW property and as such is most important in terms of the potential economic viability of the Project. The Company is accelerating the delineation of the deposit, including potential expansions at depth and along strike, by increasing the number of drills to six dedicated to the Romanera deposit drilling, in order to complete 70,000 meters of drilling before year-end. If required, additional drills will be contracted. There are a total of eight drills on the IBW property and two rigs will continue to drill the Infanta and El Cura deposit areas. Following the completion of the drill program, the Company expects to publish its inaugural NI 43-101 mineral resource estimate at the IBW Project. The existing historical resource area is outlined by 51 drill holes which when augmented by the new drill campaign are expected to meet the criteria for establishing a NI 43-101 measured mineral resource estimate. The new drill core will also provide sample material for completing metallurgical studies. The areas along strike and at depth will see 50 meter drill spacing on section with 100 meter step outs between sections. Infill drilling between sections will be completed where required to increase the confidence in the new resource area. The Romanera deposit was drilled by Asturiana de Zinc (“Asturiana”) in the 1960’s and by Minera Rio Tinto (“Rio”) in the 1990’s and is repor...