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Emerita Resources Intersects High Grade Copper-Gold Mineralization at El Cura; Mobilizes Second Rig to Accelerate El Cura Drill Program
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) has intersected significan
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) has intersected significant new mineralization in drilling at El Cura deposit area, part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Please see Figure 1 below). IBW hosts three previously identified Volcanogenic Massive Sulfide (VMS) deposits: La Infanta, La Romanera and El Cura. Results contained in this news release are from El Cura deposit area only. All three IBW deposits are open for expansion along strike and at depth. Drill Hole EC013 intersected 10.6 m grading 1.7% copper, 0.95 g/t gold and 35.46 g/7 silver. This is the deepest and thickest intercept to date on El Cura area at approximately 300 m vertical depth. Hole EC012 intersected 3.4 m grading 1.7% copper, 3.09 g/t gold and 49.3 g/t silver. Hole EC008 intersected 2.6 meters grading 1.8% copper, 1.51 g/t gold and 73 g/t silver. Mineralization has been intersected from near-surface to approximately 300 m vertical and appears to be getting thicker at depth. Follow up drilling in progress. Intercepts are more than 600 m west of the historic El Cura mine workings. Figure 1: IBW claim block and locations of Romanera, El Cura and Infanta deposits. Emerita Work at El Cura Emerita has completed detailed geological mapping, as well as geophysical and geochemical surveys across the property, culminating in an initial scout drilling program (see news release dated January 31, 2024) in El Cura deposit area. This widely spaced core drilling intersected significant mineralization over approximately 400m x 300m (strike x dip-length), within a mineralized corridor of at least 600m of strike length. One of these initial drill holes, EC007, intersected 2.2m grading 2.9% Cu; 2.3% Pb; 4.6% Zn; 2.81 g/t Au and 82.5 g/t Ag in the western portion of the drilled area (Figure 2). Figure 2: Plan map showing drill hole traces of the El Cura drilling, in red color holes in this NR. An additional 2,300m in 8 diamond drill holes was subsequently budgeted to follow up this result. Approximately 220m of strike length was tested, focusing on the westernmost 200m of the 600m corridor, in the area of drill hole EC007. Massive to semi-massive sulfides were intersected down to 340m down hole (hole EC013) and remains open at depth and alon...