Emerita Intersects 2.1m Grading 1.6% Copper, 0.85 G/T GOLD, 32.11 G/T Silver and 1.4m Grading 5.8% Copper, 4.89 G/T GOLD and 51.0 G/T Silver at El Cura
EMERITA INTERSECTS 2.1m GRADING 1.6% COPPER, 0.85 g/t GOLD, 32.11 g/t SILVER AND 1.4m
GRADING 5.8% COPPER, 4.89 g/t GOLD and 51.0 g/t SILVER AT EL CURA
TORONTO, January 7, 2025 - Emerita Resources Corp. (TSX -V: EMO; OTCQB: EMOTF; FSE: LLJA)
(the “Company” or “Emerita”) reports results from ongoing drilling of El Cura deposit. El Cura is part of
Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1) which hosts three
Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura and La Infanta that are currently
undergoing Prefeasibility Studies (see the Company’s press release dated December 3, 2025). Recent
results from the ongoing drilling at El Cura are listed below and complete data is included in Table 1.
• Drill hole EC092: 12.1m grading 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold and 32.11
g/t silver.
• Drill hole EC086: 1.8m grading 2.3% copper, 1.6% lead, 3.5% zinc, 1.78 g/t gold and 61.39 g/t
silver.
• Drill hole EC085: 1.4m grading 5.8% copper, 0.1% lead, 0.1% zinc, 4.89 g/t gold and 51.0 g/t
silver.
• Drill hole EC087: 2.8m grading 0.7% copper, 0.1% lead, 0.1% zinc, 1.31 g/t gold and 13.64 g/t
silver.
• Drill hole EC081: 5.4m grading 0.3% copper, 0.2% lead, 0.4% zinc, 0.33 g/t gold and 7.69 g/t
silver.
• Drill hole EC083: 1.3m grading 0.7% copper, 2.0% lead, 5.8% zinc, 0.52 g/t gold and 74.08 g/t
silver
• Drill hole EC084: 4.2m grading 0.2% copper, 0.1% lead, 0.3% zinc, 0.32 g/t gold and 7.83 g/t
silver.
• Drill hole EC088: 0.9m grading 1.0% copper, 0.2% lead, 0.6% zinc, 0.05 g/t gold and 8.0 g/t
silver.
Figure 1. IBW tenement and locations of La Romanera, El Cura and La Infanta deposits.
Table 1 Drill hole data, drill hole traces are shown in Figure 2, intercepts are presented in Figures 3 and
4. Photos of mineralized intervals are included at the end of the release.
Table 1: Recent drilling results received for the El Cura deposit.
Figure 2. Plan view map showing drill hole traces of the El Cura drilling. Hole traces in this NR
colored red.
Figure 3. Vertical longitudinal section of El Cura deposit, oriented east -west, looking north. Holes
EC081, EC083, EC084, EC085, EC086, EC087, EC088 and EC092. Deposit as presently defined is
indicated in green.
Discussion
Drill holes reported in this press release tested the upper -central, eastern, and western portions of the
deposit at middle and lower depths. The deposit presently has a strike extent of approximately 650 meters
from EC092 in the upper east to hole EC087 in the lower west and extends approximately 320m down-
dip. All holes intercepted mineraliz ation ranging from 0.9m in hole EC088 to 12.1m in hole EC092, with
hole inclinations between -25o and -78o from horizontal resulting in true intercept widths of between 100%
and 76% of the down-hole interval. The deposit remains open down plunge to the west and up plunge to
the east.
The thick intercept in hole EC092 (12.1m @ 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold, 32.11 g/t
silver) significantly expands the eastern portion of El Cura deposit, intercepting the deposit 75m from hole
EC003B (8.2m @ 0.9% copper, 0.9% lead, 0.3% zinc, 0.75 g/t gold and 26.3 g/t silver) and 50m from
EC030 (2.7m @ 1.2% copper, 0.8% lead, 2.9% zinc, 0.8 g/t gold, 38.00 g/t silver). Results in the vicinity
of EC092 indicate follow-up extension testing is warranted in this area of the deposit.
The upper central area in the vicinity of EC007 (2.2m @ 2.9% copper, 2.3% lead, 4.6% zinc, 2.81 g/t gold,
82.50 g/t silver) was tested with four additional holes - EC081, EC084, EC086, and EC088. Results are
consistent with EC007, exhibiting a narrow, copper-gold enriched interval within a broader zone of average
grade material.
In the lower west of the deposit, holes EC085 and EC087 continue to expand the mineral resource
boundary, as they are located over 200m beyond the Company’s 2025 Indicated Mineral Resource
Estimate limits (please see the Company’s technical report for the IBW Project titled “NI 43-101 Technical
Report on the Iberian Belt West Project, Spain” with an effective date of February 26, 2025 on the
Company’s website or under the Company’s profile on SEDAR+ for further details). The western extension
remains a priority for the Company’s ongoing drill program.
According to Joaquin Merino, P.Geo., President of Emerita, “The El Cura deposit continues to expand with
very good grades of base metals and gold. The deposit has only been drilled to moderate depths which
allows us to cost-effectively continue to drill the deposit in sufficient detail to be classified primarily as
measured and indicated resources, which provides conversion to reserve categories in the forthcoming
prefeasibility study.”
To date, 86 holes have been drilled at El Cura with 74 intercepting mineralized intervals for a hit rate of
86%. El Cura presents a coherent steeply dipping gold-copper-rich deposit that will be included in the
PFS. The deposit appears to be suited for underground bulk mining methods such as long-hole stoping.
Figure 4. Geological cross sections. A: Section 649500E showing holes EC085 and EC087. B:
Section 649550E showing holes EC083. C: Section 649700E showing holes EC086 and EC088. D:
Section 649750E showing hole EC081.
Figure 4 continued. Geological cross sections. E: Section 649800E showing hole EC084. F:
Section 650050E showing hole EC092.
Figure 5. Photoplates of El Cura drillcore as described in this release: A: EC081 semi-massive
sulphide with centimetric chalcopyrite crystals and veinlets in pyritic matrix within a felsic tuff.
B: EC083 pyritic massive sulphide with variable grain size and chalcopyrite as millimetric crystals.
C: EC084 pyrite-rich semi-massive sulphide with millimetric chalcopyrite veinlets and crystals.
Figure 5 continued. Photoplates of El Cura drillcore as described in this release: D: EC085 fractured
massive sulphide chalcopyrite rich E: EC086 semi-massive polymetallic sulphide with millimetric
chalcopyrite/galena/sphalerite veinlets/crystals F: EC087 pyritic massive sulphide with millimetric
euhedral chalcopyrite crystals.