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Emerita Resources (TSXV: EMO) this morning released further assay results from ongoing exploration being conducted at their El Cura deposit, which is part of the larger Iberian Belt West Project.
Drilling continues to intersect polymetallic mineralization at the deposit, with the latest assay results focused on providing further definition to the deposit. Highlights from the results include:
- EC089: 0.6% copper, 0.5% lead, 1.6% zinc, 1.71 g/t gold, 30.95 g/t silver over 2.8 metres from a depth of 426.95 metres
- EC090: 0.3% copper, 0.7% lead, 2.2% zinc, 0.36 g/t gold, 24.00 g/t silver over 3.0 metres from a depth of 231.10 metres
- EC093: 1.2% copper, 0.6% lead, 1.3% zinc, 0.82 g/t gold, 28.00 g/t silver over 5.6 metres from a depth of 278.95 metres
- EC094: 1.4% copper, 0.4% lead, 1.3% zinc, 0.41 g/t gold, 21.48 g/t silver over 9.2 metres from a depth of 201.00 metres
The latest holes to be reported are said to have spanned a strike length of 420 metres and approximately 460 metres down dip from surface. Hole EC089 is said to have focused on defining the deepest levels of the El Cura deposit to date, while hole EC090 focused on the definition of the upper edge of the deposit to the west.
EC093 meanwhile focused on drilling towards the center of the deposit and represents one of the thickest intercepts of mineralization in the area.
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The highest grade hole released this morning, EC094, was designed as a follow up to hole EC092, which drilled 12.1 metres of 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold and 32.11 g/t silver. The hole was drilled 50 metres to the east of EC092, with copper grades said to be consistent while variance existed in the ratio of base to precious metals.
Drilling remains ongoing at both El Cura and La Infanta ahead of a planned prefeasibility study, with drilling working to convert inferred resources to the measured and indicated categories. Assay results for 91 holes are expected to be included within the El Cura mineral resource estimate that is to be used for the prefeasibility study.
Emerita Resources last traded at $0.51 on the TSX Venture.
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