Saturday, July 5, 2025

Latest

Emerita Resources Launches Initial 5,000 Metre Drill Program At Iberia West

Emerita Resource Corp (TSXV: EMO) has begun mobilization for its diamond drill program at its Iberia West Project, located in Spain. The program, which has now seen permitting approved following the thirty day notification period, is expected to see drilling begin in the near term.

The drill program assembled by Emerita consists of an initial 30 hole program over a total of 5,000 metres that are to be drilled at the Infanta deposit at the IBW project, one of three target deposits outlined by the company. The program marks the first such program by the company at the project, and will be the first such program since the 1980’s to take place on the property.

The project is hosted within the Iberian Pyrite Belt, with the company focused on the zinc resources contained within. Drilling is to target the full 1.2 kilometres of strike at the deposit to a depth of 300 metres. Data from the program is to be combined with 49 historical drill holes on the property to develop a resource estimate. Historical data on the property includes drilling intersections of 31.2% zinc over 3.62 metres, 25.3% zinc over 5.3 metres, and 12.3% zinc over 13.5 metres among other results, with the deposit remaining open both at depth and along strike.

“We are excited to finally be commencing the diamond drill program on the Infanta Deposit. It is a very high grade mineralized zone that has only been drilled to approximately 110 meters depth and historical drilling only evaluated about 450 meters of strike length. The deposit was not cut off either down dip or along strike because it crossed the historical property boundary. Our recent field mapping suggests the mineralization extends for at least 1.2 kilometers along strike at surface.”

Joaquin Merino, President of Emerita

Furthermore, the company also outlined that the Andalucia region of southern Spain, which is where the IBW project is situated, has been targeted by the European Union for strategic mining investment. Recent developments include the region designating underground mining as a strategically important industry that will be allowed in all areas of the region, as well as the Iberian region being awarded €3.10 billion by the EU for mine development and related activities.

Emerita Resources last traded at $0.215 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.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Zinc Sinking: Analyst Says Tara Mines Suspension Is A Wake-Up Call

The closure of Ireland’s Tara zinc mine highlights the significant decline in the price of...

Saturday, June 24, 2023, 09:07:00 AM

Emerita Resources Sees Eric Sprott Increase Ownership To 10.7%

Emerita Resources (TSXV: EMO) has seen one of its major shareholders increase his stake in...

Monday, November 15, 2021, 09:13:19 AM

Emerita Resources Completes 11 Holes At La Infanta, Discovers New Target On Property

Emerita Resources (TSXV: EMO) has provided an update to its ongoing exploration programs at its...

Friday, January 28, 2022, 08:09:51 AM

Emerita Releases Data On Five Holes At Infanta, Initial Geophysical Data

Emerita Resources (TSXV: EMO) started off the trading week by releasing further drill data from...

Monday, October 4, 2021, 07:54:37 AM

Emerita Resources Increases Indicated Resources By 35%, Inferred Resources By 44% In Latest Estimate

Emerita Resources (TSXV: EMO) has filed a technical report for its recently updated mineral resource...

Wednesday, April 30, 2025, 09:17:23 AM