Drilling at Romanera and El Cura could begin within the next two weeks for Emerita Resources (TSXV: EMO). The firm this morning indicated the company is nearing the final stages of the permitting process.
With the final stage of the permitting process now being here, it means that the local Department of Environment has completed the required environmental statement, with that documentation now being provided to community stakeholders. The stakeholders have a period of fifteen days once the resolution was issued to review documents. After this period, a final endorsement to proceed will be provided to Emerita.
With the documents issued to relevant stakeholders on April 1, the company is now several days in to this waiting period. Once completed, the company intends to commence drilling immediately upon the receipt of permits, with agreements already in place with landowners in the region to enable drilling to occur.
The proposed drill program currently consists of a total of 50 planned holes across the Romanera and El Cura deposits. To date, the Romanera deposit has been drilled to a depth of 350 metres and remains open, while the deposit itself has only been tested for 450 metres out of the 1,200 metres the TDEM conductor extends for.
“We are ready to commence the drill program as soon as the permit is received. We have increased the number of drills on the Project to 7 in anticipation of the expanded drill program and one more will arrive when the program gets started. We aim to have the delineation program on the three deposits done by year-end. We have also established a second core shack in the town of Paymogo for the Romanera Deposit drilling,” commented Emerita President Joaquin Merino.
The development follows the announcement two weeks ago that the company has seen the criminal case related to its potential Aznalcollar project proceed.
Emerita Resources last traded at $2.62 on the TSX Venture.
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