Emerita Resources Corp. (TSXV: EMO; OTC: EMOTF) has received permitting for the Romanera and El Cura deposit diamond drill programme at its wholly owned Iberia Belt West Project (IBW) in Spain.
The company has begun mobilising four diamond drills to the Romanera deposit to accelerate the delineation programme there. There are a total of eight drills on the Project and the other four will be split between the El Cura deposit and the Infanta deposit areas.
“The Romanera deposit is the cornerstone of the Iberia Belt West Project (IBW),” CEO, David Gower, said.
“Based on the historical work, it is more than 10X the size of any of the deposits known on the Project to date and has the potential to support a feasibility as a stand-alone operation in the future.
“The historical drill hole data base comprising 51 drill holes, and the historical resource estimate by the previous operator provide a high level of confidence in the upcoming drill program. Further, the deposit remains open along strike and down dip. The deposit outcrops at surface so we expect to see a lot of drill intercepts quickly as the initial phase of the program will comprise relatively shallow drill holes.”
President, Joaquin Merino, said the deposit is open at depth below 350 metres.
“It also remains open along strike. Historical drilling by Rio Tinto and Asturiana de Zinc has delineated mineralisation over approximately 450 m of strike, however Emerita’s electromagnetic (EM) survey maps the conductor associated with this deposit for 1.2 km. There is excellent potential to achieve a significant expansion of the deposit to the east and at depth.”
For further information please visit: http://www.emeritaresources.com/
