Business
Emerita Resources Intersects 2.77 g/t Gold, 65.9 g/t Silver 8.2% Zinc, 3.2% Lead 0.5% Copper Over 24.3 Meters at the Romanera Deposit
TORONTO, July 07, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces assay results for three add
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, July 07, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces assay results for three additional drill holes LR001, 003, 004 at the Romanera deposit at Emerita’s wholly-owned Iberia Belt West Project (“IBW” or the “Project”). Drill holes LR001, LR003 and LR004 reported below, are located along section 646500E in the center of the deposit, down dip from previously reported drill hole LR002 (released June 23,2022) (Figure 1, 2 and Table 1). The results show positive correlation with historical drilling with respect to intercept location and width, however with gold and silver grades higher than previously indicated. The drilling so far has confirmed two continuous parallel massive sulphide lenses for 400m down dip. Assays for the three additional drill holes are reported as follows: LR003: LR003 intercepted mineralization 50m below Hole LR002. The upper lens occurs from 126.1m with 13.4m grading 0.3% copper, 1.8% lead, 3.5% zinc, 1.68 g/t gold, 89.8 g/t silver (including 5.0m grading 0.3% Copper, 2.2% lead, 5.1% zinc, 2.64 g/t gold, 86.6 g/t silver). The lower lens was intersected 48.7m below the upper lens and encountered 39.9m grading 0.5% copper, 3.0% lead, 6.2% zinc, 2.13 g/t gold, 83.1 g/t silver (incl. 4.3m grading 0.3% copper, 1.2% lead, 1.2% zinc, 4.0 g/t gold, 126.9 g/t silver). LR004: LR004 intercepted mineralization approximately 25m below Hole LR003. The upper lens occurs from 244m, intercepted 11.0m grading 0.4% copper, 1.6% lead, 4.5% zinc, 2.19 g/t gold, 42.0 g/t silver (incl. 2.6m grading 0.2% copper, 4.1% lead, 8.9% zinc, 4.32 g/t gold, 70.4 g/t silver). The lower lens which occurs from 280.5m included 24.3m grading 0.5% copper, 3.2% lead, 8.2% zinc, 2.77 g/t gold, 65.9 g/t silver (incl. 6.0m grading 0.6% copper, 3.6% lead, 11.5% zinc, 2.46 g/t gold, 59.3 g/t silver). LR001: LR001 is the deepest hole completed to date at 530m. It intercepted 49.6m of continuous stockwork sulphide mineralization. The interval grades 0.3% copper, 0.4% lead, 0.3% zinc, 0.6 g/t gold and 41.8 g/t silver with higher grades at the upper and lower contacts of the zone. It is common to see grade variation within VMS deposits of the Iberian Pyrite belt. According to David Gower, P.Geo, CEO of Emerita, “We continue to see strong results from the drilling at t...