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Emerita Resources (TSXV: EMO) has continued to see exploration success at their El Cura deposit, which is part of the larger Iberian Belt West project. The company this morning released further assay results from ongoing drilling at the project.
Highlights from the results include:
- EC051: 6.9 metres of 0.4% copper, 0.5% lead, 0.2% zinc, 1.23 g/t gold and 28.06 g/t gold from a depth of 396.5 metres
- Including 3.9 metres of 0.5% copper, 0.8% lead, 0.3% zinc, 1.75 g/t gold and 41.35 g/t silver
- EC053: 3.1 metres of 0.9% copper, 1.3% lead, 1.1% zinc, 1.33 g/t gold and 53.46 g/t silver from a depth of 360.85 metres
- EC056: 3.0 metres of 0.6% copper, 1.7% lead, 3.0% zinc, 1.79 g/t gold and 69.19 g/t silver from a depth of 366.9 metres
The latest drilling at El Cura tested the central area of the deposit below previous drilling at depth. The program is designed to expand the current El Cura resource, with Emerita targeting expansion to the west following an interpreted extension of the deposit, with 3 drill rigs currently operating.
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“Our drill program, is focused on expanding El Cura deposit. The program is validating our geological model for the mineralization in the deposit. Every successful hole is potentially extending the resource or improving the quality of this deposit, which enhances the greater IBW Project’s overall mineral resources,” commented Joaquin Merino, President of Emerita Resources. “We are currently mobilizing a drill rig that is designed to drill at lower angles to delineate the upper portions of the deposit where it remains open for potential expansion.”
Emerita Resources last traded at $1.42 on the TSX Venture.
FULL DISCLOSURE: Emorita Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Emorita Resources. The author has been compensated to cover Emorita Resources on The Deep Dive, with The Deep Dive having full editorial control. This is 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.
