Emerita Resources (TSXV: EMO) this morning released further drill results from its ongoing program at the Iberia West Project in Spain. The data behind a total of five holes were released this morning, with the highlight figure being hole IN008, which intersected 3.6% copper, 27.8% zinc, 15.1% lead, 319.3 g/t silver and 0.8 g/t gold over 11.1 metres.
Notably, the highlighted hole marks the longest major intercept to date for the company, with the intersection occurring 200 metres away from hole IN003, which the company previously reported as intersecting 1.1% copper, 8.9% zinc, 4.6% lead, 106.8 g/t silver and 0.38 g/t gold over a total of 16.2 metres, with a 5.0 metre interval hitting 3.6% copper. The highlighted hole this morning intersected the mineralization at a depth of just 64.5 metres.
Additional intercepts reported this morning include:
- IN006: 2.2% copper, 7.9% lead, 9.1% zinc, 0.44 g/t gold, and 150.8 g/t silver over 3.2 metres
- IN007: 1.7% copper, 4.2% lead, 7.9% zinc, 0.36 g/t gold and 110.2 g/t silver over 3.3 metres
- IN005: 2.3% copper, 13.8% lead, 22.3% zinc, 0.21 g/t gold and 98.2 g/t silver over 2.6 metres
To date, a total of 1,253 metres has been completed by the firm at the Iberia West project across eleven holes, with two additional holes currently in progress. Drilling has been focused on 300 metres along strike, to a depth of 100 metres.
Emerita Resources last traded at $1.94 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.
Copper Stock Heating Up? – The Daily Dive feat John-Mark Staude of Riverside Resources
Today on the Daily Dive, live direct from the Mexico Mining Conference in Guadalajara, Mexico...