Emerita Resources Corp. (TSX-V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) is pleased to provide initial results
of its surface sampling completed during its ongoing geological
mapping program at its Iberia Belt West Project. (the “IBW
Project”). Initial mapping has focused on the areas around the
Infanta and Romanera Deposits and the El Cura area (Figure 1). The
objective of this geochemical sampling campaign has been to verify
the presence of massive sulfide mineralization and characterize the
geological and structural setting in the three areas selected as
priority targets for drilling within the IBW Project. The samples
are from sulfide mineralized lenses and adjacent rocks in the areas
where they outcrop either at surface or in historical trenches. The
deposits were drilled by other companies in the past but until now
Emerita has not had representative samples.
The three areas: La Romanera, El Cura and La
Infanta, are aligned along an approximate E-W direction and are
separated from each other by approximately 4 kilometers (Figure 1).
The three mineralized zones occur within a discrete rhyolitic to
dacitic unit. It is possible that there are other non-outcropping
lenses besides those already known. The Company plans Magnetic and
Electromagnetic (EM) geophysical surveys to further evaluate the
exploration potential and improve the selection of future drilling
targets. Highlights are presented below and a full table of all
sampling results from the program is included at the end of this
release (Table 3).
Joaquin Merino, P.Geo., President of Emerita,
notes, “The geological mapping program continues on the remainder
of the IBW Project. The sampling and mapping confirm the position
of the mineral deposits in the field and the crews have also sited
the drill platforms for the initial drill campaign. There are some
very good grade samples from the field program, and this should
bode well for the drill programs. We already have data from more
than 40 historical drill holes at La Infanta and more than 50 at La
Romanera. We are excited to start the program to expand our
understanding of these deposits and our team is “amped up” to
finally have core from these exceptional targets coming into the
core shack. We look forward to the first drill core assays in the
coming few weeks. We have established an excellent working
relationship with the Mineral Department in Huelva as well as with
the local municipality where the IBW Project is located, and their
support has been very helpful.”
La Infanta
23 samples were collected in the La Infanta
area. These show high content of Ag, Zn, Pb and Cu, with contents
in some of the samples above 4% copper and 20% zinc and lead and
above 500 g/t silver. La Infanta shows the highest grade in Copper
Zinc and lead and is enriched in precious metals. Mapping has
indicated mineralization and alteration associated with this zone
extends along a strike length of approximately 1200 meters.
Highlights are noted in the following Table 1. Please see Table 3
and Figures 2-X for a complete list of samples and sample
locations.
Table 1: Highlights – La Infanta
Mapping
sample ID |
sample Type* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
PA-09 |
suboutcrop |
0.925 |
518 |
4.26 |
6.37 |
12.2 |
PA-13 |
suboutcrop |
0.865 |
26 |
2.66 |
9.38 |
0.134 |
PA-37 |
Rock Pile |
0.874 |
462 |
4.14 |
19.15 |
27.4 |
PA-38 |
Rock Pile |
1.275 |
464 |
4.3 |
22.6 |
31.9 |
PA-40 |
Rock Pile |
1.205 |
411 |
4.2 |
22.8 |
20.6 |
PA-41 |
Rock Pile |
0.533 |
353 |
8.49 |
24.7 |
20.9 |
PA-43 |
Rock Pile |
0.945 |
295 |
2.68 |
21.9 |
29.7 |
PA-47 |
Rock Pile |
0.112 |
346 |
4.25 |
9.15 |
20.4 |
* Suboutcrop refers to outcrop rubble in
trenches that is in place but highly fractured. Rock pile
samples
are from the material that is piled beside the
excavations from when the trenches were dug.
La Romanera
A total of 41 samples were collected at La
Romanera. Most of the sample were taken from the 450 meter long
trench developed along the outcropping sulphide lenses that were
exposed by previous exploration of the deposit. The sub-outcrops
are from the surface exposures of these mineralized zones. The
samples from La Romanera reveal a high content of both precious
metals, some with values of 10 g/t gold and more than 200 g/t
silver with base metals Zn and Pb. The Cu and Sn contents are also
anomalous. Table 2 below shows highlights for the La Romanera
sampling. Please refer to Table 3 at the end of the release for a
complete list of samples and locations.
Table 2: Highlights – La Romanera Area
Mapping
sample ID |
sample Type* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
PA-71 |
suboutcrop |
4.33 |
203 |
0.272 |
10.3 |
9.72 |
PA-72 |
Pile |
5.24 |
253 |
0.721 |
5.46 |
8.93 |
PA-83 |
suboutcrop |
0.993 |
106 |
0.25 |
3.07 |
8.91 |
PA-84 |
suboutcrop |
1.725 |
214 |
0.246 |
7.16 |
6.47 |
PA-86 |
suboutcrop |
0.524 |
122 |
0.14 |
7.47 |
3.31 |
PA-81 |
suboutcrop |
9.79 |
365 |
0.375 |
6.67 |
2.39 |
PA-82 |
suboutcrop |
3.41 |
237 |
0.278 |
5.54 |
5.25 |
PA-68 |
suboutcrop |
>10.0 |
202 |
0.19 |
4.71 |
2.62 |
PA-66 |
suboutcrop |
4.73 |
247 |
0.187 |
3.04 |
2.38 |
El Cura
Exposure of mineralization in the El Cura area
is very limited. At El Cura, 20 samples were collected from an area
of 100 m by 100 m around an old shaft and rock pile. Based on the
limited exposures, the mineralized lens at El Cura appears to be
plunging to the west. Mineralization observed is characterized by
fine grained sulfide mineralization comprising pyrite,
chalcopyrite, sphalerite and galena. The mineralized samples from
El Cura tend to be copper-gold rich with lower silver, zinc and
lead than the other two deposits. However these samples may not be
representative of what was actually mined through the old
workings.
Figure 1: Location for IBW project within
the Iberian Pyrite Belt and the three mineral
deposits.https://www.globenewswire.com/NewsRoom/AttachmentNg/aa2257b1-4a9d-4a2e-ae24-f36cfcdb273f
Figure 2: Sample locations, La Infanta
area.https://www.globenewswire.com/NewsRoom/AttachmentNg/d8b11365-f86a-475a-b795-7966d95d79c2
Figure 3: Sample locations, La Romanera
area.https://www.globenewswire.com/NewsRoom/AttachmentNg/40b5f2e0-a486-4cca-bf00-dc1f14a12522
Figure 4: Sample locations, El Cura
area.https://www.globenewswire.com/NewsRoom/AttachmentNg/ccfe2e81-e70e-486d-a28a-e298a945244e
Table 3: Complete list of samples and
locations, IBW mapping and surface sampling
program. A total of 84 samples were collected. The
coordinates of the locations of each sample were recorded, and the
samples dispatched to the ALS laboratory in Seville for geochemical
analysis, complying with the QA/QC protocols.
The analyses were carried out using the
following methods: Au-AA23 for gold, Sn-ICP81x for Tin and
ME-ICPORE for the rest of the elements. ALS complies with the
International standards ISO / IEC 17025: 2017 and ISO 9001:
2015.
|
|
|
Au-AA23 |
ME-ICPORE |
ME-ICPORE |
ME-ICPORE |
ME-ICPORE |
Sample |
Type |
Lugar |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
|
|
|
|
|
|
|
|
PA-09 |
Suboutcrop |
Infanta |
0.925 |
518 |
4.26 |
6.37 |
12.2 |
PA-13 |
Suboutcrop |
Infanta |
0.865 |
26 |
2.66 |
9.38 |
0.134 |
PA-14 |
Outcrop |
Infanta |
0.016 |
2 |
0.016 |
0.04 |
0.008 |
PA-02 |
BLANK |
BLANK |
<0.005 |
<1 |
0.003 |
0.008 |
0.003 |
PA-15 |
Outcrop |
Infanta |
0.013 |
1 |
0.001 |
<0.005 |
<0.002 |
PA-17 |
Suboutcrop |
El Cura |
0.231 |
9 |
0.882 |
0.033 |
0.02 |
PA-18 |
Rock Pile |
El Cura |
0.304 |
16 |
0.149 |
0.088 |
0.01 |
PA-19 |
Suboutcrop |
El Cura |
1.025 |
25 |
0.239 |
0.101 |
0.009 |
PA-20 |
Suboutcrop |
El Cura |
0.493 |
18 |
0.075 |
0.109 |
0.009 |
PA-11 |
STANDARD |
OREAS-131b |
0.02 |
34 |
0.023 |
1.89 |
3.06 |
PA-21 |
Rock Pile |
El Cura |
1.735 |
22 |
0.097 |
0.59 |
0.409 |
PA-22 |
Suboutcrop |
El Cura |
0.669 |
30 |
0.245 |
0.298 |
0.234 |
PA-23 |
Suboutcrop |
El Cura |
0.25 |
12 |
0.407 |
0.048 |
0.009 |
PA-24 |
Suboutcrop |
El Cura |
0.885 |
26 |
0.077 |
0.083 |
0.008 |
PA-25 |
Suboutcrop |
El Cura |
0.359 |
16 |
0.073 |
0.093 |
0.009 |
PA-26 |
Suboutcrop |
El Cura |
0.329 |
16 |
0.081 |
0.082 |
0.008 |
PA-27 |
Suboutcrop |
El Cura |
0.912 |
17 |
0.071 |
0.072 |
0.011 |
PA-28 |
Suboutcrop |
El Cura |
1.63 |
26 |
0.061 |
0.153 |
0.035 |
PA-29 |
Suboutcrop |
El Cura |
0.698 |
16 |
0.686 |
0.078 |
0.015 |
PA-30 |
Suboutcrop |
El Cura |
0.596 |
29 |
1.455 |
0.178 |
0.415 |
PA-31 |
Suboutcrop |
El Cura |
0.373 |
20 |
0.152 |
0.106 |
0.011 |
PA-32 |
Suboutcrop |
El Cura |
0.413 |
35 |
0.499 |
0.158 |
0.015 |
PA-33 |
Suboutcrop |
El Cura |
0.353 |
75 |
0.59 |
0.24 |
0.017 |
PA-34 |
Suboutcrop |
El Cura |
0.499 |
17 |
0.187 |
0.071 |
0.014 |
PA-35 |
Suboutcrop |
El Cura |
0.84 |
22 |
1.28 |
0.066 |
0.024 |
PA-36 |
Suboutcrop |
El Cura |
0.007 |
1 |
0.039 |
0.007 |
0.067 |
PA-37 |
Rock Pile |
La Infanta |
0.874 |
462 |
4.14 |
19.15 |
27.4 |
PA-38 |
Rock Pile |
La Infanta |
1.275 |
464 |
4.3 |
22.6 |
31.9 |
PA-39 |
Rock Pile |
La Infanta |
0.305 |
186 |
1.75 |
6.44 |
7.97 |
PA-40 |
Rock Pile |
La Infanta |
1.205 |
411 |
4.2 |
22.8 |
20.6 |
PA-41 |
Rock Pile |
La Infanta |
0.533 |
353 |
8.49 |
24.7 |
20.9 |
PA-42 |
Rock Pile |
La Infanta |
0.393 |
242 |
3.21 |
5.3 |
9.53 |
PA-16 |
STANDARD |
OREAS-930 |
0.029 |
9 |
2.55 |
0.014 |
0.053 |
PA-43 |
Rock Pile |
La Infanta |
0.945 |
295 |
2.68 |
21.9 |
29.7 |
PA-44 |
Rock Pile |
La Infanta |
0.05 |
27 |
0.322 |
1.45 |
1.005 |
PA-51 |
BLANK |
BLANK |
<0.005 |
<1 |
0.005 |
0.019 |
0.017 |
PA-46 |
Rock Pile |
La Infanta |
0.13 |
70 |
1.395 |
3.2 |
7.03 |
PA-47 |
Rock Pile |
La Infanta |
0.112 |
346 |
4.25 |
9.15 |
20.4 |
PA-48 |
Suboutcrop |
La Infanta |
0.107 |
25 |
0.044 |
0.213 |
0.155 |
PA-49 |
Suboutcrop |
La Infanta |
0.094 |
27 |
0.042 |
0.197 |
0.23 |
PA-50 |
Rock Pile |
La Romanera |
0.008 |
<1 |
0.004 |
<0.005 |
0.011 |
PA-52 |
STANDARD |
OREAS-131b |
0.01 |
33 |
0.022 |
1.855 |
3.11 |
PA-53 |
Suboutcrop |
La Romanera |
<0.005 |
<1 |
0.001 |
0.006 |
0.011 |
PA-54 |
Rock chip |
La Romanera |
0.016 |
<1 |
0.003 |
<0.005 |
0.005 |
PA-55 |
Rock chip |
La Romanera |
<0.005 |
<1 |
<0.001 |
<0.005 |
0.002 |
PA-57 |
Rock Pile |
La Romanera |
0.011 |
1 |
0.007 |
0.008 |
0.019 |
PA-58 |
Rock Pile |
La Romanera |
0.022 |
1 |
0.017 |
0.028 |
0.108 |
PA-59 |
Rock Pile |
La Romanera |
0.329 |
26 |
0.044 |
0.912 |
0.09 |
PA-60 |
Rock Pile |
La Romanera |
0.026 |
2 |
0.005 |
0.012 |
0.019 |
PA-61 |
Suboutcrop |
La Romanera |
0.408 |
37 |
0.035 |
1.24 |
0.04 |
PA-62 |
Suboutcrop |
La Romanera |
0.84 |
37 |
0.034 |
1.165 |
0.048 |
PA-63 |
Suboutcrop |
La Romanera |
0.245 |
25 |
0.037 |
1.1 |
0.046 |
PA-64 |
Suboutcrop |
La Romanera |
0.742 |
82 |
0.337 |
0.137 |
0.881 |
PA-65 |
Suboutcrop |
La Romanera |
4.19 |
277 |
0.222 |
2.69 |
2.05 |
PA-66 |
Suboutcrop |
La Romanera |
4.73 |
247 |
0.187 |
3.04 |
2.38 |
PA-67 |
Suboutcrop |
La Romanera |
2.38 |
215 |
0.371 |
1.255 |
0.326 |
PA-68 |
Suboutcrop |
La Romanera |
>10.0 |
202 |
0.19 |
4.71 |
2.62 |
PA-69 |
Suboutcrop |
La Romanera |
2.27 |
177 |
0.47 |
1.995 |
4.19 |
PA-70 |
Suboutcrop |
La Romanera |
2.55 |
127 |
0.556 |
0.567 |
1.1 |
PA-71 |
Suboutcrop |
La Romanera |
4.33 |
203 |
0.272 |
10.3 |
9.72 |
PA-72 |
Rock Pile |
La Romanera |
5.24 |
253 |
0.721 |
5.46 |
8.93 |
PA-73 |
Suboutcrop |
La Romanera |
4.62 |
166 |
0.476 |
0.915 |
1.77 |
PA-74 |
Suboutcrop |
La Romanera |
0.019 |
1 |
0.047 |
0.01 |
0.054 |
PA-75 |
Suboutcrop |
La Romanera |
0.01 |
1 |
0.109 |
0.005 |
0.133 |
PA-76 |
Outcrop |
La Romanera |
0.005 |
<1 |
0.008 |
<0.005 |
0.06 |
PA-77 |
Outcrop |
La Romanera |
<0.005 |
<1 |
0.001 |
<0.005 |
0.012 |
PA-78 |
Suboutcrop |
La Romanera |
0.552 |
78 |
0.211 |
0.266 |
2.09 |
PA-56 |
STANDARD |
OREAS-930 |
0.012 |
8 |
2.66 |
0.015 |
0.054 |
PA-79 |
Suboutcrop |
La Romanera |
2.31 |
240 |
0.243 |
7.2 |
0.265 |
PA-80 |
Suboutcrop |
La Romanera |
1.135 |
90 |
0.345 |
0.876 |
0.163 |
PA-81 |
Suboutcrop |
La Romanera |
9.79 |
365 |
0.375 |
6.67 |
2.39 |
PA-82 |
Suboutcrop |
La Romanera |
3.41 |
237 |
0.278 |
5.54 |
5.25 |
PA-83 |
Suboutcrop |
La Romanera |
0.993 |
106 |
0.25 |
3.07 |
8.91 |
PA-84 |
Suboutcrop |
La Romanera |
1.725 |
214 |
0.246 |
7.16 |
6.47 |
PA-85 |
Outcrop |
La Romanera |
0.117 |
3 |
0.102 |
0.108 |
0.06 |
PA-45 |
BLANK |
BLANK |
0.007 |
<1 |
0.002 |
0.013 |
0.008 |
PA-86 |
Suboutcrop |
La Romanera |
0.524 |
122 |
0.14 |
7.47 |
3.31 |
PA-87 |
Suboutcrop |
La Romanera |
0.878 |
81 |
0.23 |
2.73 |
1.925 |
PA-88 |
Suboutcrop |
La Romanera |
0.845 |
153 |
0.325 |
1.275 |
0.29 |
PA-89 |
Suboutcrop |
La Romanera |
0.27 |
30 |
0.035 |
2.65 |
0.02 |
PA-90 |
Suboutcrop |
La Romanera |
0.693 |
102 |
0.426 |
1.77 |
0.504 |
PA-91 |
Suboutcrop |
La Romanera |
1.33 |
129 |
0.177 |
1.725 |
1.72 |
PA-05 |
STANDARD |
OREAS-131b |
0.025 |
33 |
0.022 |
1.835 |
3.08 |
PA-92 |
Suboutcrop |
La Romanera |
0.757 |
127 |
0.267 |
2.57 |
1.865 |
PA-93 |
Suboutcrop |
La Romanera |
0.695 |
114 |
0.292 |
2.11 |
1.095 |
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:
Joaquin Merino+34 (628) 1754 66 (Spain)
Helia Bento+1 416 309 4293
(Toronto)info@emeritaresources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements the mineralization of the Project, the
prospectivity of the IBW Project, the timing and results of the
diamond drill program, the impact of changes in the mining laws and
regulations, the impact of COVID 19 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.
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