- Emerita Resources (EMO) is returning the latest set of assay results from drilling at its La Romanera Deposit
- The deposit is part of the Toronto-based mineral explorer’s larger, wholly-owned Iberian Belt West Project in Spain
- The latest diamond drill results returned intersected 33.1 metres grading 7.7 percent zinc, 3.9 percent lead and 0.3 percent copper
- Drilling also intersected 0.73 grams per tonne of gold and 156.3 grams per tonne of silver
- Emerita Resources is down 1.16 percent, trading at $0.85 at 12:37 p.m. EST
Emerita Resources (EMO) is returning the latest set of assay results from drilling at its La Romanera Deposit.
The deposit is part of the Toronto-based mineral explorer’s larger, wholly-owned Iberian Belt West Project in Spain.
The project hosts three previously identified massive sulphide deposits, including the La Romanera Deposit.
“The Company has resumed drilling following the Christmas break with 14 rigs currently at the La Romanera project. The Company expects to lock in the databases for both La Romanera and La Infanta deposits for the maiden NI 43-101 mineral resource estimate between January 31 and February 15, 2023, so the resource modelling can proceed. We expect to receive a large volume of assays in the coming few weeks and will provide updates as they are received, and the QA/QC is verified,” said President Joaquin Merino.
Six of the drill holes occur within the footprint of the historical drilling, and the remainder is outside. Drilling continues to intersect significantly higher grades in gold and silver relative to the historical mineral resource estimate in this part of the deposit.
Emerita Resources is down 1.16 percent, trading at $0.85 at 12:37 p.m. EST.