Emerita Resources (TSXV: EMO) has completed its first drill hole under its program centered upon the Romanera deposit, at its Iberia Belt West Project in Spain. The company has reportedly intersected massive sulphides within the first hole conducted.
A total of 14.3 metres of massive sulphides are said to have been intersected within hole LR002, based on a visual inspection of the core. Assays are presently pending for the hole. Massive sulphides, which were intersected beginning at a depth of 138.2 metres, are said to include sphalerite, galena and chalcopyrite.
Three additional drill holes are expected to be completed within the “coming days.” The company meanwhile is in the process of increasing its drill operation to a total of six drill rigs that will be focused upon the Romanera deposit.
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“The Romanera deposit is the cornerstone of the Iberia Belt West Project (IBW). The block model is very encouraging in that the highest grade material indicated by the historical drilling remains wide open in all directions. There will be a steady flow of data from this drill campaign now that it is getting into full production mode,” said CEO David Gower.
A timeline for assay results was not yet provided by the company.
Emerita Resources last traded at $1.44 on the TSX Venture.
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