RE:800 Drill HolesHere's an extract from Clarus' update on EMO referencing '50,000 to 60,000' metres of drilling in 2022. Depending on their depth you can have some fun projecting the number of holes.
Site Visit Reveals a Giant in the Making", Varun Arora (analyst at Clarus Securities Inc.) recently noted: " We return highly encouraged from our site visit to Emerita’s assets in the Iberian Pyrite Belt (IPB) of Spain that demonstrated excellent infrastructure, a skilled team at the helms to unlock value and a stupendous amount of resource growth potential that could be many multiples of what we are currently modelling in our valuation for the Company. Overall, the site visit has not only strengthened our view that Emerita’s assets will become mines within the current commodity bull cycle but also demonstrated that the next year’s drill program could prove our ‘Base Case’ modelling assumptions on the resource front to be very conservative... IN THE MIDDLE OF MINES & GREAT INFRASTRUCTURE: The entire IPB is dotted with past & currently producing mines with power lines straddling throughout the area. There is excellent access to all the three properties (IBW, Nuevo Tintillo and Aznalcollar) through highways, paved roads and all-season gravel roads on the projects. Located within just a couple hours from the major city of Seville by road. Topography at the projects is extremely favourable with great access and easy to explore with several outcrops and gossans, and with the ability to drill all-year-round... Overall, we expect a drill program of ~50,000 – 60,000 m next year with continued fleet expansion to 8 rigs drilling at La Infanta, Romanera, El Cura and potentially regional targets. With a cash balance of ~C$25 MM & warrants being exercised, EMO is well-funded for the 2022 drill program."