The latest assays are out for Emerita Resources’ (TSXV: EMO) ongoing drill program at its Iberian Belt West project, found in Spain. The results come from the firms Romanera deposit, which has become the main focus of the current exploration program.
A total of three holes saw their assays released this morning at the deposit, where the company highlights that it has encountered increased gold and silver values when compared to historical exploration conducted on the property.
“We continue to see significantly higher gold and silver values than were reported in the historical work. Areas that were not assayed for gold previously and were not included in the historical resource estimate are showing values of 2-7 g/t gold which potentially can add significantly to the resource even within the footprint of the historical drilling. The historical estimate was based on a simple lead+zinc cut off grade,” commented company president Joaquin Merino.
Highlights from the results include:
- 0.4% copper, 4.6% lead, 5.1% zinc, 2.3 g/t gold and 204.6 g/t silver over 19.4 metres, and
- 1.4% copper, 0.6% lead, 1.2% zinc, 0.96 g/t gold and 20.4 g/t silver over 18.8 metres
- 0.4% copper, 1.0% lead, 1.9% zinc, 2.3 g/t gold and 39.4 g/t silver, and
- 0.4% copper, 0.8% lead, 1.2% zinc, 0.7 g/t gold and 45.8 g/t silver over 13.5 metres
- 0.4% copper, 1.0% lead, 1.9% zinc, 2.3 g/t gold and 39.4 g/t silver over 13.8 metres and
- 0.3% copper, 1.6% lead, 0.4% zinc, 3.4 g/t gold and 177.5 g/t silver over11.4 metres
The first two holes, LR008 and LR010, were conducted in the central region of the deposit, confirming mineralization continues through what is perceived to be the center of the mineralized body. Both upper and lower lenses were said to be intersected via these two holes.
The final hole LR011, meanwhile was conducted on the western end of the deposit, intersecting both the upper and lower lenses. The hole is notable, as it marks the first time the firm has hit the lower lense in this region.
Emerita Resources last traded at $0.94 on the TSX Venture.
FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.