Emerita Resources (TSXV: EMO) has released a further five drill results from its Iberia Belt West Project, found in Spain. The results come from both the La Infanta and the La Romanera deposits.
The drill program is currently being conducted with a total of ten drill rigs, of which nine are situated at La Romanera, and one is focused on La Infanta. The company has indicated that the pace of drilling is expected to soon pickup, with restrictions related to high temperatures to be lifted later this month, enabling around-the-clock exploration of the property.
Highlights from the results released this morning include:
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- LR009: 0.3% copper, 1.4% lead, 4.2% zinc, 0.84 g/t gold, 102.4 g/t silver over 6.7 metres, and 0.2% copper, 3.1% lead, 3.6% zinc, 2.29 g/t gold, 254.7 g/t silver over 16.5 metres
- LR013: 0.1% copper, 1.5% lead, 1.1% zinc, 0.94 g/t gold, 43.5 g/t silver over 4.2 metres, and 0.9% copper, 0.5% lead, 0.8% zinc, 0.53 g/t gold, 46.9 g/t silver over 20.6 metres
- LR015: 2.2% copper, 0.1% zinc, 0.19 g/t gold, 6.3 g/t silver over 1.1 metres
- IN060: 1.7% copper, 3.5% lead, 7.3% zinc, 0.95 g/t gold, 71.3 g/t silver over 1.6 metres
- IN061: 0.9% copper, 1.8% lead, 5.4% zinc, 0.18 g/t gold, 55.4 g/t silver over 4.3 metres
“We continue to intersect wide thicknesses of massive sulphide and are excited to see the results continue to build toward a maiden NI 43-101 resource estimate. The Company is in a strong financial position with more than $20 million in the treasury which is well above the budget for completing the campaign. Presently, there are 8 additional drill holes in the lab and 8 additional drill holes in progress at La Romanera (one rig is under repair). At La Infanta, there are 3 drill holes at the lab and one hole is in progress,” commented CEO David Gower.
Emerita Resources last traded at $0.86 on the TSX Venture.
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