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.
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