The latest results are in for the ongoing drill program being conducted by Emerita Resources (TSXV: EMO) at its Iberian Belt West project, found in Spain. The latest results come from the Romanera and Infanta deposits, the former of which has become the major focus of the current program.
The results consists of two holes drilled at Romanera, as well as fifteen holes that were conducted at Infanta. Highlights from the results at Romanera include the following.
- LR005: 7.0 metres of 0.2% copper, 3.9% lead, 4.4% zinc, 2.44 g/t gold and 143.1 g/t silver; and 16.9 metres of 0.4% copper, 1.0% lead, 2.2% zinc, 2.90 g/t gold and 145.2 g/t silver.
- LR006: 7.0 metres of 0.8% copper, 0.7% lead, 2.9% zinc, 0.15 g/t gold and 14.7 g/t silver.
The second hole reported is said to be a 100 metre step out from any prior drilling conducted at the deposit, demonstrating continuation of mineralization to the east.
“Drilling in the core of the La Romanera deposit confirms the presence of two lenses, running parallel and dipping 70-75º to the North. Correlation with historical drilling is very good, however current drilling is showing higher gold and silver grades as was seen in the initial drillholes,” commented company President Joaquin Merino.
Highlights from the Infanta deposit meanwhile include:
- IN054: 3.2 metres of 1.9% copper, 9.2% lead, 17.1% zinc, 0.55 g/t gold and 226.3 g/t silver
- IN039: 3.5 metres of 0.9% copper, 5.2% lead, 3.0% zinc, 0.46 g/t gold and 184.3 g/t silver
- IN054: 9.1 metres of 0.5% copper, 1.6% lead, 2.8% zinc, 0.42 g/t gold and 62.4 g/t silver
The latest results for Infanta have extended the strike length of the deposit to 1,200 metres, while the depth has been extended to roughly 400 metres. Mineralization remains open in all directions. Further drilling will look to tighten drill spacing as Emerita moves towards providing a mineral resource estimate for the deposit. While a timeline was not provided for the estimate, the company currently expects a “significant increase in the deposit size relative to historical estimates.”
The company has indicated that drilling presently has been hampered by high temperatures being experienced in southern Spain, with day time highs reaching above 40C. As a result, drilling is primarily occurring at night, with operations halted daily from 2:00 to 8:00 PM for health and safety reasons.
The results follow the company last month revealing an intercept of 2.13 g/t gold over 39.9 metres at Romanera.
Emerita Resources last traded at $1.11 on the TSX Venture.
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