Emerita Resources (TSXV: EMO) continued to deliver strong drill results this morning, with the latest results from its ongoing program at its Infanta property demonstrating strong mineralization. Results released this morning include the first step out drill hole conducted under the proghram, as well as in-fill drill results.
The step out drill hole, IN018, is the first such hole for which the company has received assays under the current program. The hole represented a 40 metre step out from the historical limits of the deposit to the west, and intersected 8.2 metres of 2.5% copper, 8.7% lead, 17.3% zinc, 223.5 g/t silver, and 0.5 g/t gold.
Furthermore, an additional step out hole, IN023, conducted a further 50 metres to the west is said to have intersected two zones of massive sulfides. This second zone has only been intersected in one other hole, IN017, which was drilled 300 metres to the east.
The deposit is currently expected to continue to extend to the west, due to a strong TEM conductor extending at least 300 metres in this direction based on survey data collected and shallow historical workings.
In-fill drill data for holes 14 through 16 were also released this morning, marking the final in-fill data to be collected under the current program. Results for those holes include:
- IN014: 2.4$ copper, 7.3% lead, 13.4% zinc, 225 g/t silver and 0.6 g/t gold over 5.7 metres
- IN015: 0.5% copper, 2.2% lead, 4.3% zinc, 50.5 g/t silver and 0.3 g/t gold over 4.0 metres
- IN016: 1.3% copper, 3.5% lead, 6.7% zinc, 172.3 g/t silver and 0.4 g/t gold over 4.5 metres
“We are excited by the progress to date and particularly to be moving the program into the expansion drilling phase. Based on the latest drilling we have identified what appears to be a structural repetition of the zone at depth to the north, seen in holes IN017 and IN023 which are 300 meters apart. The deposit is interpreted to continue to depth in the north zone. Assays are pending for Hole 23 and a structural model incorporating the new information is being developed to guide future drilling. We are systematically stepping out through the deposit to build the geological model that will meet the requirements for establishing a NI 43-101 compliant mineral resource estimate,” commented Joaquin Merino on the results, President of Emerita.
With the completion of the infill drilling portion of the program, the company indicated that it has confirmed historical data held on the property, which will enable proper 3D modeling of the deposit. Additional drills are now to be mobilized to hasten the pace of drilling at Romanera and other regional targets.
The company currently intends to have a total of five drills turning by year end.
Emerita Resources last traded at $2.66 on the TSX Venture.
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