Emerita Resources Expands Drilling Program at El Cura Deposit

Emerita Resources Expands Drilling at El Cura Deposit

Emerita Resources Corp. (TSX-V: EMO; Other OTC: EMOTF; Frankfurt: LLJA) is excited to announce significant developments regarding its drilling campaign at the El Cura deposit, part of the Iberian Belt West project. This project includes several promising Volcanogenic Massive Sulfide (VMS) deposits, showcasing the potential for substantial resource expansion and increasing the company’s gold and copper mineralization prospects.

Recent Drilling Results Indicate Positive Trends

The ongoing resource expansion and infill drilling at El Cura have shown promising results that suggest an upside potential for the project. Notably, the company has approved an additional 10,000 meters of diamond drilling to further explore the deposit’s capacity, primarily focusing on transitioning the previously identified Inferred Mineral Resource Estimate to an Indicated status. This will support future economic evaluations while also aiming to extend areas of known resources both lower and to the west.

Highlights of Recent Drilling Campaign

Updates from the drilling program at El Cura reveal some noteworthy findings:

• Drill hole EC057: 3.1m grading 2.3% copper, 1.8% lead, 4.7% zinc, 2.21 g/t gold, and 78.71 g/t silver, with a 1.9m interval grading 3.3% copper, 2.5% lead, 6.2% zinc, 3.13 g/t gold, and 110.58 g/t silver.
• Drill hole EC062: 7.2m grading 1.0% copper, 1.4% lead, 1.9% zinc, 1.31 g/t gold, and 60.10 g/t silver.
• Drill hole EC067: 16.9m grading 1.4% copper, 2.1% zinc, 0.93 g/t gold, and 42.66 g/t silver, including a 3.1m interval with 1.1% copper, 1.5% lead, 3.5% zinc, 1.46 g/t gold, and 59.69 g/t silver.
• Drill hole EC068: 2.7m grading 1.3% copper, 3.2% zinc, 1.58 g/t gold, and 46.59 g/t silver.

Understanding Mineralization at El Cura

The drilling at El Cura has confirmed that there is a significant westward plunge to the mineral deposit. The company is continuing to trace this trend through further drilling. Most of the reported results have emerged from various sections of the deposit, especially noting the successful interceptions in drill holes EC063 and EC059B. Notably, drill hole EC068 marked one of the highest intervals discovered thus far, adding to the overall value of El Cura.

Expansion and Historical Context

Emerita Resources has completed over 70 drill holes in this current program, offering insights into deeper mineralization that were previously under-explored. Past operations in the 1970s and 1980s had a limited understanding of the area's potential, prompting Emerita's aggressive exploration strategy. The newly acquired data suggests that high-grade mineralization exists far below the depths previously presumed to be the lower limits of the deposit.

Emerita's findings have illustrated substantial gold and copper grades at depths previously considered unexplorable. For example, one of the new drill holes, designated as EC046, intercepted significant mineralization 230m below the depth of the closest historic drill, indicating a more extensive mineralized zone than originally anticipated.

Future Exploration Plans

As the drilling program continues, the company aims to refine its understanding of the structural controls and geometry of the mineralization. Joaquin Merino, P.Geo., and President of Emerita stated that this increased understanding of El Cura's geology might have been overlooked by earlier explorers, thereby providing a promising outlook for future drilling.

Emerita continues to emphasize its commitment to verifying and expanding El Cura's resource base, which represents a vital component of the company's strategy. With ongoing drilling and resource assessment, it is anticipated that further positive announcements may follow, solidifying El Cura's status as a key player in the VMS mineral resource landscape.

Frequently Asked Questions

What mineralization has been reported from El Cura?

Recent drilling has reported significant grades including copper, zinc, gold, and silver from various drill holes.

How much additional drilling has Emerita approved for El Cura?

Emerita has authorized an additional 10,000 meters of drilling based on the promising results and the exploration of the deposit.

Who oversees the technical aspects of the El Cura project?

The technical information for the El Cura project has been reviewed and approved by Joaquin Merino, a qualified person in accordance with NI 43-101 standards.

What is the primary focus of Emerita Resources Corp?

Emerita Resources Corp primarily focuses on the acquisition, exploration, and development of mineral properties in Europe, especially in Spain.

How can I contact Emerita Resources for more information?

You can contact Ian Parkinson at +1 647 910-2500 or send an email to info@emeritaresources.com for inquiries.

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