Business
Emerita Resources Receives Approval for La Romanera and El Cura Deposit Drilling, Four Diamond Drills Commencing on Romanera
TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) is pleased to announce that further to
About this update from Emerita Resources Corp.
[{"type":"text","content":" TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) is pleased to announce that further to its April 5, 2022 press release, the Territorial Delegation of Sustainable Development of Huelva (Ministry of Agriculture, Livestock, Fisheries and Sustainable Development) of the Regional Government of Andalusia granted Emerita the Unified Environmental Authorization (Autorizacion Ambiental Unificada) (the “AAU”) in respect of the La Romanera and El Cura deposits at the Company’s wholly-owned Iberia Belt West Project (“IBW” or the “Project”). The Company is now fully permitted to execute on its drill program at the La Romanera and El Cura deposits and drilling is commencing as soon as set up is completed. Initially, four diamond drills will commence delineation of the large Romanera deposit and one will commence on the El Cura deposit. There are 50 drill pads presently permitted on the Romanera deposit and the program there is planned to be at least 15,000 meters of drilling in the initial phase. Romanera is the largest deposit on the property to date and has a historical estimate, calculated by Rio Tinto and available on the Government of Andalusia web site, of 34 million tonnes grading 0.42% copper, 1.1% lead, 2.3% zinc, 44 g/t silver, 0.8 g/t gold. Included within this large sulphide body is 11.2 million tonnes grading 0.40% copper, 2.47% lead, 5.5% zinc, 64 g/t silver, 1.0 g/t gold. The deposit has been drilled along a strike length of approximately 450 meters and to a depth of 350 meters. It remains open for expansion to the east, west and at depth. Emerita’s TEM survey indicates the conductor associated with the deposit has strike length of 1.2 kilometers. Refer to news release dated April 22, 2022 for further details. The permit is posted on the Government web site and may be viewed at https://consigna.juntadeandalucia.es/575f1593e80ba6c6e7439399525ec5c4. According to Joaquin Merino, P.Geo., President of Emerita, “Our field team are very excited to get the drilling started on the Romanera and El Cura deposits. We have established a second core shack in Paymogo, close to the Romanera deposit in order that we can efficiently process a large volume of core from the Project. We are also engaging numerous analytical labs to improve assay turn around time.” Emerita in...