Business
Emerita Resources Announces Results of Airborne Survey at Nuevo Tintillo Project, Spain
TORONTO, July 20, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that results for the high-r
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, July 20, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that results for the high-resolution, airborne geophysical survey on its 100% owned Nuevo Tintillo (“NT” or the “Project”) property have been received and analysed. According to Joaquin Merino. P.Geo., President of Emerita, \"Based on the data interpretation at least 15 targets associated with coincident magnetic anomalies and EM conductors favourable for polymetallic minerals exploration were identified within the Nuevo Tintillo property. Among these targets, there are three highly prospective targets coincident with historical workings on the western side of the property that are prioritized for immediate follow up. An experienced Senior Geologist and team have been tasked to do the field verification of the anomalies in advance of designing a drill program.\" The Nuevo Tintillo property, located in Seville province, covers approximately 25 km of important stratigraphy in the western part of the Iberian Pyrite Belt (IPB) (Figure 1) surrounded by some of the most productive deposits in the history of this mining camp. The giant Rio Tinto mine occurs along strike to the northwest as does the Aguas Tenidas mine and the Aznalcollar Project and the Cobre Las Cruces Mine of First Quantum occur to the southeast of the Nuevo Tintillo property. There are seven known mineral occurrences and small past producers within the NT Project area, and the area has not been explored systematically in decades. The airborne geophysical surveys constitute the first mineral exploration activity in the area since the late 1980s. Figure 1. Geology map, Nuevo Tintillo The known mineralization on the NT property is hosted by a volcanic-sedimentary formation which in the area is about 300 m thick and spatially related to a WNW-ESE oriented regional thrust fault. The deposit type is interpreted as a classical IPB volcanogenic massive sulphide (VMS) ( Figure 1 shows the local geology and the limits of the Nuevo Tintillo property). The mineralization in the Iberian Pyrite Belt, is composed of variable quantities of sphalerite, galena and chalcopyrite, commonly with associated silver and gold, in a pyritic gangue. SURVEY DESCRIPTION The helicopter-borne Time Domain Electromagnetic System (HTDEM) and Aeromagneti...