Emerita Resources Receives Drill Permits For La Romanera Deposit

Emerita Resources (TSXV: EMO) has finally received the latest round of drill permits required to continue with planned exploration at its Iberia Belt West project in Spain. The firm this morning indicated that the regional authority had granted the firm the required authorizations to proceed with a previously announced drill program at the property.

The new drill program is to be focused on the La Romanera and El Cura deposits, where drill rigs have been waiting for weeks to hit the ground running. Four diamond drills are now reportedly setting up at the Romanera deposit, with drilling to commence immediately thereafter.

The drill program at Romanera is to consist of a planned 15,000 metres at minimum, with a total of 50 drill pads permitted to be established on site. The deposit, which represents the largest such deposit on the property, has previously been drilled over a strike length of 450 metres, to depths of as much as 350 metres, with strike remaining open to the east and west as well as at depth, with the conductor indicating a strike length of roughly 1.2 kilometres.

The deposit also contains a historical estimate, consisting of 34 million tonnes of 0.42% copper, 1.1% lead, 2.3% zinc, 44 g/t silver and 0.8 g/t gold.

“Our field team are very excited to get the drilling started on the Romanera and El Cura deposits. We have established a second core shack in Paymogo, close to the Romanera deposit in order that we can efficiently process a large volume of core from the Project,” said President of Emerita Joaquin Merino.

Emerita Resources last traded at $1.70 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

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Emerita Resources Intends To Appeal Exploitation License Granted To Minera Los Frailes

Emerita Resources (TSXV: EMO) this morning has indicated that they intend to appeal a decision...
Monday, June 2, 2025, 09:28:12 AM

Emerita Resources Assays 3.8% Copper Over 5.0 Metres At Infanta Deposit

Emerita Resources (TSXV: EMO) this morning released further results from its on going drill program...

Thursday, August 19, 2021, 07:46:19 AM

Emerita Resources Hits 2.5% Copper, 8.7% Lead, 17.3% Zinc, 223.5 g/t Silver 0.5 g/t Gold Over 8.2 Metres In Step Out Hole

Emerita Resources (TSXV: EMO) continued to deliver strong drill results this morning, with the latest...

Friday, October 22, 2021, 07:57:23 AM

Emerita Resources Sees Courts Fall In Alignment On Aznalcollar Case

Emerita Resources (TSXV: EMO) continues to see developments in the court case related to the...

Friday, July 9, 2021, 08:10:34 AM

Emerita Resources Secures US$15 Million Credit Facility To Advance IBW Project

Emerita Resources (TSXV: EMO) has entered into a credit agreement to further advance its Iberian...

Thursday, August 15, 2024, 09:25:21 AM