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Emerita Resources Intersects 25.1 Meters Grading 0.3% Copper, 1.5% Lead, 6.0% Zinc, 0.74 G/T Gold and 82.0 G/T Silver at La Romanera Deposit, Awards Contract to Prepare Independent Resource Estimate
TORONTO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce add
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project (“IBW” or the “Project”). 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. Emerita has received assay results for 7 additional drill holes from the 2022 delineation drilling at the La Romanera Deposit. Presently, there are 14 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program. The Company has currently completed 100 drill holes at La Romanera, with another 14 in progress. At La Infanta, 77 drill holes have been completed to date and 1 hole is in progress. A video of our 14 drill rigs operating on La Romanera deposit can be seen at the link below: 14 Drill Rigs at La Romanera Deposit (Iberian Belt West) - Emerita Resources Corp. 12/19/2022 - YouTubeTap to unmute14 Drill Rigs at La Romanera Deposit (Iberian Belt West) - Emerita Resources Corp. 12/19/2022Emerita ResourcesEmerita Resources99 subscribersWatch on According to David Gower, P.Geo, CEO of Emerita, “The Company is planning to complete the maiden NI 43-101 Technical Report and Mineral Resource estimate for IBW around the end of Q1 or early Q2 2023. We expect to lock in the databases for both La Romanera and La Infanta deposits for this estimate between January 31 and February 15, 2023 so the resource modeling can proceed. We plan to complete approximately 35 more holes by that time, most of these are short holes targeting the upper part of the deposit or specific areas where drill spacing should be improved. It is expected both deposits will remain open for further expansion when we lock the database for this estimate.” Emerita has awarded the contract to complete the independent mineral resource estimate and Technical Report to Wardell Armstrong International (“WAI”). WAI is a wholly owned subsidiary of Wardell Armstrong LLP, a British multidisciplinary Environmental, Engineering and Mining consultancy, first established in 1837, and now operating from 13 offices in the UK and interna...