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Copper-gold rich mineralization continues to be intersected by Emerita Resources (TSXV: EMO) at their El Cura deposit, which is part of the larger Iberian Belt West project in Spain. The company this morning released further assay results from recent exploration at the property.
Highlights from the results include:
- EC072: 9.6 metres of 2.7% copper, 0.4% lead, 0.5% zinc, 1.85 g/t gold and 27.08 g/t silver from a depth of 335.2 metres
- EC076: 1.2 metres of 0.5% copper, 0.9% lead, 0.5% zinc, 1.02 g/t gold and 38.00 g/t silver from a depth of 265.0 metres
- EC078: 3.0 metres of 0.3% copper, 0.6% lead, 1.5% zinc, 0.25 g/t gold and 7.00 g/t silver from a depth of 280.6 metres
- EC079: 6.9 metres of 1.4% copper, 0.9% lead, 2.4% zinc, 1.32 g/t gold and 48.22 g/t silver from a depth of 278.9 metres
- EC082: 5.5 metres of 0.6% copper, 0.3% lead, 0.6% zinc, 0.63 g/t gold and 15.55 g/t silver from a depth of 307.8 metres
A total of six drill holes saw assays released this morning, including two shallow resources in the Central portion of the deposit, three holes to the west, and one hydrological hole for geotechnical purposes. All holes, with the exception of the hydrological hole, hit massive and semi-massive sulfides.
The latest assay results are said to expand known mineralization to the west of the currently defined El Cura deposit. To date, El Cura has seen mineralization defined down plunge and along strike for roughly 650 metres.
WATCH: When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources
The El Cura deposit is one of three known major deposits at the Iberian Belt West project owned and operated by Emerita Resources, with the other two deposits including La Romanera and La Infanta.
Emerita Resources last traded at $1.30 on the TSX Venture.
FULL DISCLOSURE: Emerita Resources Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Emerita Resources Corp. The author has been compensated to cover Emerita Resources Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
