Emerita Resources (TSXV: EMO) has provided an update to its ongoing exploration programs at its properties in Spain. Exploration has resumed via four drills at its IBW project, although the firm noted that exploration is being hindered slightly by a recent flare up in illness related to the pandemic.
At La Infanta, results for 11 holes have now been received, with drilling split between the South and North blocks. The firm has determined that the South Block sees mineralization occur at surface and end at depths of approximately 120 metres, while the North Block has uplifted mineralization that does not reach surface, and remains open to depth.
The firm has noted that mineralization is strongest on the North Block at depth, with the deepest hole to date reaching to 210 metres. Continued drilling is planned to extend the two blocks to the West, while deeper drilling at the North Block will also occur for a mineral resource estimate.
Highlights from the results include:
- IN027: 1.6% copper, 3.5% lead, 7.0% zinc, 0.26 g/t gold, 181.8 g/t silver over 4.4 metres
- IN019: 1.5% copper,. 24.0% lead, 7.2% zinc, 0.56 g/t gold, 123.0 g/t silver over 1.4 metres
- IN031: 1.2% copper, 3.6% lead, 6.6% zinc, 0.20 g/t gold, 78.3 g/t silver over 1.5 metres
The firm this morning also identified that a new target has been found on the property following a time domain EM survey conducted over the entire project. The largest anomaly identified, the Infanta East Anomaly, is said to be 1.5 kilometres to the east of the current deposit being drill tested. Drill testing of the target is said to have now begun.
Emerita meanwhile has indicated that drilling at both Romanera and El Cura are slated to begin by the end of the current quarter. The company has planned for 80 drill holes to be conducted at Romanera, and a further 30 to be conducted at El Cura.
Lastly, the firm is expecting to begin exploration on its Nuevo Tintillo project this month, beginning with geological mapping and surveys. Following this, the data from the program will be used to determine drill targets on the property.
Emerita Resources last traded at $2.87 on the TSX Venture.
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