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Bullboard - Stock Discussion Forum 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... see more

TSXV:EMO - Post Discussion

Emerita Resources Corp > What % of holes are barren or uneconomic? 25%? More?
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Post by Ogopogo007 on May 26, 2023 6:20am

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

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