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Emerita Resources Corp V.EMO

Alternate Symbol(s):  EMOTF

Emerita Resources Corp. is a natural resource company engaged in the acquisition, exploration, research and development of prospective mining properties in the Iberian Pyrite Belt (Spain) with a focus on traditional base metals (zinc, lead and copper) and precious metals (silver and gold). The Company has a 100% interest in the Iberian Belt West (IBW) project. It also holds the Nuevo Tintillo project, both located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits: Infanta, El Cura, and Romanera. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 km west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo project is located in the eastern part of the belt, in Seville Province, between the deposits of Aznacollar, in the southeast, and Rio Tinto in the northwest. It encompasses 6,875 hectares (with 7,625 hectares pending) and has a rectangular shape.


TSXV:EMO - Post by User

Post by Drjimjoneson May 10, 2021 9:22pm
146 Views
Post# 33171076

Assays out 8% copper, +50% zinc and lead, 500g/t silver....

Assays out 8% copper, +50% zinc and lead, 500g/t silver....https://ceo.ca/@nasdaq/emerita-provides-results-of-surface-sampling-from-geological At La Infanta, this one is over $2000/ton many over $1400/ton Ultra high grade https://cdn-ceo-ca.s3.amazonaws.com/1g9i9gb-54919B44-790F-4C5C-AA3C-0ED210690757.jpeg These results go a long way to derisk the project (La Infanta, Romanera and El Cura combined) as a mining complex on its own. = 3-5 x current Market Cap, the tripling of strike at La Infanta ultimately can add 2-5 million tons to the project = $2-5 billion in additional metal value. The gold grade at Romanera will likely add 500-700 ozs of gold to the resource as well as new tons .... Like I joked about in my "EMO the Great Bear of the Polymetallic Universe" the downside is 3-5x up. Wasn't a joke though. at Romanera average of 4g/t gold +200 g/t silver and +5% to %19% Zinc + lead =average metal value if +$700 ton USD very high grade and gold wasnt account for in most of the historically resource. $$$$ https://cdn-ceo-ca.s3.amazonaws.com/1g9iavd-CBD0B56A-CA18-418D-899D-343403A8B79A.jpeg With regards to Romanera, It's very feasible that the gold value will run on average 2-3 g/t once all historically zones are assays, as we know most weren't even assayed for gold. Currently the resource is 12 million high-grade tons of Zinc, Lead, copper, gold, silver. The gold within those 12 million tons at 2-3g/t = 772k ozs of gold - 1.16 Million ozs of gold, silver seems to be running quite a bit higher as well at an average of +150 g/t as it to wasn't always assays historically in the historical 12 million ton resource. At 150g/t silver = 58 million ozs of silver. Combined PM credits currently just on Romanera is $2.97 Billion USD- $3.643 Billion USD. This 3 mine, 1 mill development property will have extremely high margins. Extremely high-margins. Just the PM value prior to drilling is worth +2x current share price. In gold equiv terms the gold and silver = 1.62-1.98 million ozs aueq @ 4.2-5.1 g/t .... then add in the gold and silver credits at La Infanta and El Cura... Pretty easy math there to see how this owned royalty free property can support a MC 3-5x from here alone when adding in the zinc, lead, copper to the gold and silver credits. The best advice I can give anyone whose listening is "do the math, do the math, do the math." Remember the schematic mapping of La Infanta and Romanera, last drill holes ended in widest mineralized intercept 20 meters wide of high grade, these results are above the continuation of those structures...higher grades at both and going on for 3x current strike at La Infanta. These 3 deposit already have 14 million Tons, They'll get this over 20 million tons by end of drill programs this season https://cdn-ceo-ca.s3.amazonaws.com/1g9idpd-IMG_7356%202.jpg https://cdn-ceo-ca.s3.amazonaws.com/1g9idpl-IMG_7352%202.jpg
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