Emerita Resources Receives Approval for Infanta Deposit Drilling From Huelva Mining Department, Iberia Belt West Project, Spa...
February 04 2021 - 6:00AM
Emerita Resources Corp. (TSX-V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) announces that the Department of
Environment in Huelva Province has approved the restoration plan
for the planned drill program at the Infanta Deposit on the Iberia
Belt West (“IBW” or the “Project”) project. The favourable
resolution from the Department of Environment was issued on January
14, 2021 and forwarded to the Mines Department on the same day.
Unfortunately, due to a COVID-19 outbreak, processing of the
resolution was delayed until today.
The documentation related to the approved drill
site reclamation plan has been published in the Boletin Oficial
Junta Andalucia (“BOJA”) the official gazette and uploaded to the
government website where it will be available for public
consultation for 30 days. During this period, the Company together
with the legal services of the Junta will respond to
comments/questions received on the website. Subsequent to the 30
day consultation period, the Mines Department will issue the
resolution providing for the drill program to commence.
Joaquin Merino, P.Geo., President of Emerita
noted, “We are very excited to commence the drilling on the Infanta
Deposit. It’s a rare opportunity to drill test such a high grade
mineralized zone that occurs at surface in such an historical
mining area as the Iberian Pyrite Belt. We have opened our office
in Pueblo de Guzman near the IBW project and are ready to proceed
with the work. Drill contracts have been tendered and will be
awarded prior to the end of the 30 day period.”
The area of the Infanta Deposit has been cleared
by the Department of Environment for approval by the Mining
Department because its land-use classification provides for work to
proceed (see News Releases January 6, 2021 and November 10, 2020).
Emerita has engaged FRASA Ingenieros Consultores
(“FRASA”), a highly reputable engineering firm with
offices in Spain and internationally, to prepare the environmental
documentation for the west side of the IBW project in order to
obtain the “Autorizacion Ambiental Unificada
(AAU)”. FRASA are the
environmental consultants used by major companies in the area for
permitting and are well versed in the requirements to obtain work
permits. The AAU is the environmental license required in the area
for exploration activities. The Company has received excellent
support and advice from the professionals within both the Mines and
the Environmental Departments throughout this process.
About the IBW Project
The IBW Project occurs within the Iberian Pyrite
Belt, one of the most highly mineralized volcanogenic massive
sulfide (VMS) terranes in the world. The Project is located in the
western part of the belt, adjacent to the border with Portugal,
approximately 70 km west of Seville and 50 km from the port city of
Huelva. The Project extends along a strike length of approximately
18 km. Access is excellent via paved and all-weather gravel roads.
Within the Project area, several base metal occurrences have been
identified by previous exploration, the most significant of which
are the Romanera and the La Infanta and El Cura base metal
deposits.
The Infanta deposit features numerous high grade
copper, lead and zinc intercepts, with strong enrichment in silver
and locally in gold (see below and news release dated September 9,
2020 for complete details). Note the shallow depths of the
intercepts. The deposit is open along strike and down dip below
approximately 110 meters.
Highlights - Infanta Deposit historical
drilling. |
|
|
|
|
Hole # |
from |
to |
width |
Au_g/t |
Ag g/t |
Cu_% |
Pb_% |
Zn_% |
IN2P |
49.5 |
55.8 |
6.3 |
0.5 |
176.4 |
3.1 |
11.1 |
20.7 |
IN5P |
117.4 |
130.9 |
13.5 |
1.0 |
202.3 |
1.1 |
6.1 |
12.3 |
A3 |
47.64 |
53.46 |
5.82 |
0.3 |
140.4 |
1.7 |
6.5 |
12.2 |
A3 |
54.46 |
66.16 |
11.7 |
0.3 |
62.1 |
1.0 |
4.3 |
7.6 |
A11 |
55.9 |
62.6 |
6.7 |
0.0 |
327.3 |
2.1 |
7.5 |
17.3 |
A12 |
78 |
86.14 |
8.14 |
0.0 |
85.6 |
3.0 |
8.7 |
14.5 |
A22 |
104.92 |
109.15 |
4.23 |
0.0 |
186.2 |
3.2 |
11.5 |
21.5 |
A31 |
81.2 |
86.5 |
5.3 |
0.9 |
240.0 |
3.8 |
13.1 |
25.3 |
A32 |
72.37 |
76 |
3.63 |
0.4 |
214.0 |
3.8 |
18.2 |
31.2 |
A39 |
34.97 |
40.6 |
5.63 |
0.8 |
102.6 |
1.4 |
5.0 |
12.5 |
Qualified Person
The scientific and technical information in this
news release has been reviewed and approved by Mr. Joaquin Merino,
P.Geo, President of the Company and a Qualified Person as defined
by National Instrument 43-101 of the Canadian Securities
Administrators.
About Emerita Resources
Corp.
Emerita is a 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’s corporate office and technical team are based in Sevilla,
Spain with an administrative office in Toronto, Canada.
For Further information Contact:
Helia Bento+1 (416) 566-8179 (Toronto)
Joaquin Merino+34 (628) 1754 66 (Spain)
info@emeritaresources.com
Cautionary Note Regarding
Forward-looking InformationThis press release contains
“forward-looking information” within the meaning of applicable
Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the
mineralization of the Project, the Company’s ability to develop the
Project, the Company’s ability to obtain governmental approvals for
drilling and exploration; the support of local communities and
governments; the prospectivity of the Project, and the Company’s
future plans. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Emerita, as the case may be, to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of
current exploration activities; risks associated with operation in
foreign jurisdictions; ability to successfully integrate the
purchased properties; foreign operations risks; and other risks
inherent in the mining industry. Although Emerita has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Emerita does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Emerita Resources (TSXV:EMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Emerita Resources (TSXV:EMO)
Historical Stock Chart
From Apr 2023 to Apr 2024