Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Ogopogo007on May 26, 2023 6:20am
98 Views
Post# 35465250

What % of holes are barren or uneconomic? 25%? More?

What % of holes are barren or uneconomic? 25%? More?Assay results have been received from 21 drill holes (IN039B, IN055, IN068, IN069, IN070, IN071, IN072, IN073, IN074, IN075, IN076, IN077, IN078, IN079, IN080, IN081, IN082, IN083, IN084, IN085 and IN086)

3 were barren 055,069, 086...~ 15%

stuff like this looks very uneconomic

Drill Hole IN084:

The North Block was intersected at 411.5 m down the hole and comprises 0.9 m of pyritic mineralization grading 0.7 % Cu; 0.6 % Pb; 0.4 % Zn; 0.05 g/t Au and 11.4 g/t Ag.

Drill Hole IN081:

The North Block was intersected at 237.1 m down the hole and comprises 2.7 m grading 0.7 % Cu; 2.3 % Pb; 5.1 % Zn; 0.27 g/t Au and 77.4 g/t Ag.

Drill Hole IN078:

The North Block was intersected at 137.7 m down the hole and comprises 4.9 m grading 0.7 % Cu; 4.9 % Pb; 6.4 % Zn; 0.35 g/t Au and 100.8 g/t Ag, including 2.1 m grading 1.5 % Cu; 10.3 % Pb; 13.0 % Zn; 0.21 g/t Au and 194.5 g/t Ag.

Drill Hole IN079:

The North Block was intersected at 405.0 m down the hole and comprises 3.5 m grading 0.1 % Cu; 1.0 % Pb; 1.8 % Zn; 0.01 g/t Au and 2.6 g/t Ag.

Drill Hole IN080:

The South Block was intersected at 93.0 m down the hole and comprises 1.8 m grading 0.8 % Cu; 3.0 % Pb; 5.8 % Zn; 0.71 g/t Au and 91.4 g/t Ag.

Drill Hole IN075:

The North Block was intersected at 269.1 m down the hole and comprises 2.9 m grading 0.6 % Cu; 1.7 % Pb; 3.5 % Zn; 0.16 g/t Au and 25.6 g/t Ag.

Drill Hole IN039B:

The North Block was intersected at 364.9 m down the hole and comprises 5.0 m of pyritic mineralization grading 0.3 % Cu; 0.0 % Pb; 0.0 % Zn; 0.55 g/t Au and 45.8 g/t Ag.

10 duds out of 21....almost 50%

No wonder MRE underwhelmed

JMHO

<< Previous
Bullboard Posts
Next >>