Receivs High-Grade Assays From Initial Drill Holes In Spain
Emerita Resources Corp.(TSXV: EMO; OTC: EMOTF) has received positive results from the complete assays for the first two drill holes from the Infanta drill programme in Spain.
Emerita has added a second diamond drill which is expediting the drilling of the La Infanta deposit. The holes are located approximately 100m apart along strike.
Highlight results include:
- Drill hole IN004 intersected 7.45m grading 1.67% copper, 6.01% lead, 11.49% zinc and 90.1 g/t silver and 0.49 g/t gold from 62.55m, including 3.76% copper, 15.29% lead, 28.81% zinc and 206.3 g/t silver and 1.08 g/t gold over 2.65m from 64.55m depth.
- Drill Hole IN001intersected 4.0m grading 0.07% % copper, 1.68% lead, 3.40% zinc and 11.50 g/t silver from 24.3m and a second intercept of 2.8 m grading 0.02 % copper, 3.79% lead, 7.50% zinc and 12.95 g/t silver from 32.3m depth
- This hole is near surface and likely suffered some leaching of the mineralisation related to surface weathering as it is only approximately 15m vertically from surface.
President, Joaquin Merino, said additional assays are expected in the coming week and it is expected there should be a steady flow of new assay data as drill holes are completed going forward. There are presently six drill holes in the process of being assayed.
“It’s a very exciting time to be working in our core shack. With two drills operating now, we are seeing a steady supply of new drill core and are awaiting every batch of assays with anticipation,” Mr Merino said.
“These are the first two holes for which we have complete assays, however all drill holes to date have well mineralised intervals that are now in the pipeline for assays.
“We are systematically stepping out through the deposit to build the geological model that will meet the requirements for establishing a NI 43-101 compliant mineral resource estimate.”
Mr Merino said the initial drill programme at Infanta is designed to test the full 1.2 km strike length of the mineralisation and test the depth extent to at least 300m down dip.
“Our ongoing geological mapping confirms there is solid evidence, including some historical excavations, that mineralisation should persist over that strike length and this is further supported by the preliminary results of the ongoing geophysical survey, which also suggests the mineralisation continues to depth below the historical drilling.
CEO, David Gower, said there are 49 historical holes delineating the deposit to date and the program is moving from the known mineralisation and stepping out systematically along strike and down dip to establish a NI 43-101 compliant mineral resource estimate for the deposit.
“This is just the beginning of this project. The team is excited by what we are seeing in the core shack,” Mr Gower said.
“The ongoing EM survey 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.”
For further information please visit: http://www.emeritaresources.com/