Emerita Resources (TSXV: EMO) this morning provided additional results from the ongoing drill program at the Romanera Deposit at its Iberia Belt West property, found in Spain. A total of three results were released this morning, with results pointing to higher than expected gold and silver grades when compared to historical results for the region.
Highlights from the results include:
- LR001: 0.3% copper, 0.4% lead, 0.3% zinc, 0.6 g/t gold and 41.8 g/t silver over 49.6 metres
- LR003: 0.3% copper, 1.8% lead, 3.5% zinc, 1.68 g/t gold, 89.8 g/t silver over 13.4 metres, and 0.5% copper, 3.0% lead, 6.2% zinc, 2.13 g/t gold, 83.1 g/t silver over 39.9 metres
- LR004: 0.4% copper, 1.6% lead, 4.5% zinc, 2.19 g/t gold, 42.0 g/t silver over 11.0 metres, and 0.5% copper, 3.2% lead, 8.2% zinc, 2.77 g/t gold, 65.9 g/t silver over 24.3 metres
The results posted to date are said to show “positive correlation with historical drilling,” although both gold and silver grades are coming in higher than previously reported for the deposit. The company also notes that two parallel massive sulphide lenses have been confirmed at the deposit.
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Three additional holes are said to be in the process of being assayed, while five holes are in progress. A total of six drills are presently working the property.
“We continue to see strong results from the drilling at the Romanera deposit. All holes completed to date are on a single section and confirm the base metal contents of the historical drilling but with stronger precious metal values. As the drill results are received on adjacent sections, we expect to see the distribution of the higher-grade mineralization and the structural trends controlling grade to be defined,” commented CEO David Gower.
The results follow the company at the end of the month indicating it had intercepted 7.61 g/t gold and 311.1 g/t silver over 14.3 metres within hole LR002.
Emerita Resources last traded at $1.13 on the TSX Venture.
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