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Emerita Resources Corp V.EMO

Alternate Symbol(s):  EMOTF

Emerita Resources Corp. is a Canada-based natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company has a 100% ownership interest in the Iberia Belt West (IBW) project located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 kilometers (km) west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo Project consists of one exploration permit comprising 227 mineral claims in Seville province, in the Western part of the Iberian Pyrite Belt and covers over 6,874 hectares. Its La Infanta Sur Project consists of one exploration permit comprising 28 mineral claims in Seville province, in the western part of the Iberian Pyrite Belt and covers over 848 hectares.


TSXV:EMO - Post by User

Post by Drjonestwitteron Oct 30, 2021 9:58pm
208 Views
Post# 34069929

The 300m step out assays coming

The 300m step out assays coming  A little math on 300 m step out 300m strike x 400 width x average 5m high grade zone x bulk density 4 = an additional 2.4mt @ $1000/ton = $2.4 Billion Usd not including mineralized stock work @ 10% insitu for extremely high grade = $240 million usd in value add or $300 million Can. = $1.30 per share in value add from that step-out with another at least 750 m of strike to go and conductor plates extending below 400m … this is just value being created at 1 of the 3 known deposits (though the EM surveys has identified multi targets that could add additional deposits on land package) - as well model uses only a 5m zone although the holes drill out towards this coming step out have been widening as well with grades far exceeding $1000/ton. Do the math and ignore the noise. Especially the hissing.
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