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Emerita Resources Applies to Expand Highly Prospective Nuevo Tintillo Exploration Property, Andalusia Region Spain
TORONTO, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce i
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce it has submitted applications to expand the highly prospective Nuevo Tintillo property package in the Andalusia Region of Spain. The applications have been accepted by local authorities and posted to the government web site. Recent field mapping and sampling programs by Emerita Geologists have confirmed Emerita’s interpretation of the Nuevo Tintillo regional geologic environment and its stratigraphic similarity to adjacent properties hosting large base metal deposits. The additional land package under application is on trend with many of the recently identified target areas on the existing Nuevo Tintillo property and more than doubles the size of Emerita’s mineral rights in the eastern part of the Iberian Pyrite Belt. When the land application process is finalized, Emerita’s Nuevo Tintillo holdings will be approximately 14,500 hectares which is an increase from the current 6,875 hectares. Nuevo Tintillo has seen little modern exploration despite its location in one of the oldest know mining districts on earth. Evidence of small-scale artisanal workings exist throughout the Nuevo Tintillo property but there is no record of modern exploration. According to Ian Parkinson, Emerita’s Executive VP Corporate Development, “Emerita’s Spain based exploration team became aware this additional prospective land was available for application and jumped at the opportunity to expand the exploration footprint in this truly world class district. We were able to more than double our mineral rights at Nuevo Tintillo for approximately €12,500, an opportunity we could not pass-up. Nuevo Tintillo is approximately 10 kilometers from and on trend with the world-famous Rio Tinto Mine (Figure 1). Finalization of the exploration application process is expected to conclude within 12 and 18 months.” About Nuevo Tintillo The Nuevo Tintillo project is hosted in the Iberian Pyrite Belt located between the world-famous Rio Tinto mine to the west and the Aznalcollar and Cobre Las Cruses mines to the east. Nuevo Tintillo is accessed by paved road approximately 40 km from Seville. Evidence of artisanal operations likely dating to the late 19th century exist, but Nuevo Tintillo has seen little moder...