Emerita Resources Reports First Two Drill Results From La Infanta Deposit

Emerita Resources (TSXV: EMO) this morning reported its first results from the ongoing drill program at the firms La Infanta deposit at the Iberia West project. Highlights from the program include 7.45 metres of 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold.

A total of two drill hole assays were released this morning, with additional results expected in the coming week. A further six holes are currently being assayed, with the company expecting a “steady flow” of results to begin in the near term, with the company indicating that “all drill holes to date have well mineralized intervals.”

The 5,000 metre drill program has also seen a second drill rig now added to the program as a means of increasing the speed at which the company receives results.

Results from the first two assays of the drill program include:

  • Hole IN004: 7.45 metres of 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold
    • Including 2.65 metres of 3.76% copper, 15.29% lead, 28.81% zinc, 206.4 g/t silver and 1.08 g/t gold
  • Hole IN001: 4.0 metres of 0.07% copper, 1.68% lead, 3.40% zinc, and 11.50m g/t silver
  • Hole IN001: 2.8 metres of 0.02% copper, 3.79% leaad, 7.50% zinc and 12.95 g/t silver

The company also highlighted that it believes hole IN001 was subjected to leaching of mineralization related to surface weathering, resulting in uncharacteristically low silver values.

“This is just the beginning of this project. The team is excited by what we are seeing in the core shack. The ongoing EM survey (see News release dated July 20, 2021) is providing excellent information that will be valuable in targeting drill holes and data suggests the deposits continue at depth well beyond present drilling. The Company will add a third drill rig once we commence drilling on the Romanera and/or El Cura deposits.”

David Gower, CEO of Emerita Resources

Emerita Resources last traded at $2.08 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

High Grade, Large Scale Zinc-Copper Projects Are Rare – The Daily Dive feat David Gower

Recently, The Daily Dive team sat down with David Gower, CEO of Emerita Resources (TSXV:...

Friday, April 2, 2021, 10:32:00 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 Receives Drill Permits For La Romanera Deposit

Emerita Resources (TSXV: EMO) has finally received the latest round of drill permits required to...

Tuesday, May 10, 2022, 08:05:01 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 Hits 30 Metres Of 3.03 g/t Gold At Depth

Emerita Resources (TSXV: EMO) continues to expand its La Romanera deposit at its Iberian Belt...

Thursday, October 13, 2022, 09:29:03 AM