Bullboard - Stock Discussion Forum Emerita Resources Corp V.EMO

Alternate Symbol(s): EMOTF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:EMO - Post Discussion

Emerita Resources Corp > FP pumping Plaza Norte Project that EMO dumped. LMFAO

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Post by GripnRip on Mar 03, 2022 9:51am

FP pumping Plaza Norte Project that EMO dumped. LMFAO

The Plaza Norte Project, in Cantabria, northern Spain is a joint venture between Aldesa (a Spanish Construction Conglomerate) and Emerita. Aldesa has restructured its business and ownership and this project is no longer a strategic fit for their business. Emerita has reviewed the data from the drilling conducted by the joint venture and evaluated the remaining potential. The targets are deep, between 550-750 meters and the intercepts from the drilling to date are sub-economic at those depths. Nuevo Tintillo is 100% owned by Emerita and, in Emerita management’s view, it has stronger technical merit with near surface potential and is located in an area with numerous active mining operations. The joint venture partners have agreed to dissolve the joint venture and discontinue the Plaza Norte joint venture company.

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