Drilling Commencing with 4 rigs at Romanera Deposit, 5.5 m grading 1.2% Copper, 5.9% Zinc, 3.3% Lead, 93.9 g/t Silver and 0.41 g/t Gold at Infanta Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Drilling Commencing with 4 rigs at Romanera Deposit, 5.5 m grading
1.2% Copper, 5.9% Zinc, 3.3% Lead, 93.9 g/t Silver and 0.41 g/t Gold at
Infanta Deposit
TORONTO April 22, 2022 – Emerita Resources Corp . (TSX – V: EMO ; OTC: EMOTF ) (the “Company” or
“Emerita”) announces that the permitting for the Romanera and El Cura deposit diamond drill program at its
wholly owned Iberia Belt West Project (“IBW” or the “Project”) has now completed the 15 day period required
to complete the permi tting process. There were no further submissions during that period and the process
now will conclude with the issuing of the permit. The Company is immediately mobilizing four diamond drills
to the Romanera deposit to accelerate the delineation program 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.
According to David Gower, P .Geo., CEO of Emerita, “The Romanera deposit is the cornerstone of the Iberi a
Belt West Project (IBW). 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 (Please see the Company’s news release dated April 5, 2022 for further details). 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.”
According to Joaquin Merino, P. Geo , President of Emerita, “ Our team is very excited to see the
commencement of this most important phase of the Project. Of particular note, the deposit is open at depth
below 350 meters. It also remains open along strike. Historical drilling by Rio Tinto and Asturiana de Zinc has
delineated mineralization over approximately 450 meters of strike, however Emerita’s electromagnetic (EM)
survey maps the conductor associated with this deposit for 1.2 kilometers of strike (see Figure 1). There is
excellent potential to achieve a significant expansion of the deposit to the east and at depth.”
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 1: Romanera Area initial planned drill pad locations. Drilling platforms have been planned on existing
trails and roads, to minimize the environmental footprint of the drill program. Note the surface projection
of the Romanera deposit in red. The deposit has only been drilled along 450 meters of the 1,200 meter long
TDEM conductor that is associated with the mineralization at the Romanera Deposit.
Infanta Area Drilling
The Company has received assay results for 10 additional drill holes on the Infanta Deposit, see Table 1 below
for complete results. Highlights are as follows:
1. Hole IN035 returned 5.5 m grading 1.2% Cu, 3.3% Pb, 5.9% Zn 0.41 g/t Au and 93.9 g/t Ag. It is
located in the South Block of the Infanta Deposit. The South Block extends 100 to 125m vertically
by 600 m along strike and remains open toward the west. It further confirms high grades in that
area of the deposit and will provide material for future metallurgical work.
2. All the holes in the North block of the Infanta deposit have intersected sulphide mineralization .
The North Block extends from 50m depth to more than 300 meters vertical depth, and has a strike
length of 1100m and remains open toward the west. The thickness varies between 0.8m and 3.0m.
3. Hole IN041 located at about 300m below the surface and in the western most section intersected
3.0m grading 0.7% Cu,2.7% Pb, 5.6% Zn, 28.3 g/t Ag. On the eastern edge, Hole IN038 at 125m
below surface intersected 1.5M grading 1.2% Cu, 4.5% Pb, 7.1% Zn, 0.44 g/t Au, 145.3 g/t Ag.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
4. In the center of the North Block at 250 m below surface, IN040 intersected 1.5m grading 0.1%
Cu, 6.4% Pb, 9.4% Zn, 25.0 g/t Ag. Closer to surface, hole IN043 intersected 1.4m grading 2.6%
Cu, 11.7% Pb, 21.6% Zn 0.16 g/t Au, 304.4 g/t Ag.
The massive sulphide horizon in the North Block at the Infanta deposit is very extensive and the
mineralization continues at depth and to the west. To the west, sulphide mineralization has also been
discovered at surface that may represent a potential extension for an additional 1.0 Km. Drilling is very
widely spaced with more than 250 meters between some drill sections. Although there is good grade
mineralization in many of the intercepts , they are narrower than in the South Block . The Company is
reviewing geophysical techniques and contemplating more detailed surveying over the North Block
mineralized horizon to identify areas where the massive sulfide horizon may thicken at depth or along
strike. The priority will shift to the Romanera and El Cura depo sits while this work is being completed.
Work to date has been successful in significantly expanding Infanta beyond t he historical limits and a
resource estimate is expected to be calculated along with the other deposits later this year.
Figure 2: Location map showing the Infanta drill holes. The blue coloured lines represent EM
conductors from the geophysical survey.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 3: Longitudinal section showing the North Block drill intercepts. The zone extends 1,100 meters
from east to west and remains open. Drilling comprises very wide spaced step outs on the west side
and to the east. The Company is reviewing geophysical techniques to identify areas of thicker
mineralization along strike in the gaps or at depth in order to make the program more efficient.
Figure 4: Longitudinal section showing South Block intercept.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Table 1: Drill hole data (NB = North Block, SB = South Block). True width is expected to be +90% of core
width
DDH Easting Northing azimuth dip FROM TO Width
(m) Cu_% Pb_% Zn_% Au_g/t Ag_g/t BLOCK
IN032 653928.19 4171702.98 170 -63 257.8 259.8 2.0 1.0 4.0 5.6 0.61 150.0 NB
IN033 654281.98 4171693.15 174 -52 197.1 200.1 3.0 0.2 1.1 3.0 0.17 14.3 NB
IN034 653477.65 4171682.68 172 -50 193.5 195.5 2.1 0.3 1.2 1.4 1.09 161.6 NB
IN035 653856.31 4171575.60 205 -65 71.9 77.4 5.5 1.2 3.3 5.9 0.41 93.9 SB
IN036 654179.95 4171703.68 177 -49 180.6 181.4 0.8 1.0 0.6 0.3 3.05 18.0 NB
IN037 654085.00 4171685.00 171 -52 162.5 164.5 2.0 1.3 0.1 0.2 0.14 239.5 NB
IN038 654585.00 4171725.00 172 -46 104.3 105.8 1.5 1.2 4.5 7.1 0.44 145.3 NB
IN040 654030.00 4171730.00 173 -66 309.7 311.2 1.5 0.1 6.4 9.4 0.09 25.0 NB
IN041 653451.00 4171871.00 179 -46 405.9 408.9 3.0 0.7 2.7 5.6 0.04 28.3 NB
IN043 653760.00 4171640.00 175 -48 120.6 121.9 1.4 2.6 11.7 21.6 0.16 304.4 NB
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin
Merino, P. Geo, President of the Company and a Qualified Person as defined by National Instrument 43 -101
of the Canadian Securities Administrators.
A Qualified Person has not done sufficient work on behalf of Emerita to classify the historical deposits referred
to above as current mineral resources or mineral reserves and Emerita is not treating the historical estimates
as current mineral resources or mineral reserves. The historical estimates should not be relied upon.
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral
properties in Europe, with a primary focus on exploring in Spain. The Company’s corporate office and technical
team are based in Sevilla, Spain with an administrative office in Toronto, Canada.
For further information, contact:
Joaquin Merino
+34 (628) 1754 66 (Spain)
Helia Bento
+1 416 566 8179 (Toronto)
Cautionary Note Regarding Forward-looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian
securities legislation. Forward -looking information includes, without limitation, the Company’s ability to
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
obtain the requisite approvals for its exploration plans and the timing of any such approvals; the mineralization
of the Project, the prospectivity of the Project and the Company’s future plans. Generally, forward -looking
information can be identified by the use of forward -looking terminology such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does
not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward - looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Emerita, as the cas e may be, to be materially
different from those expressed or implied by such forward -looking information, including but not limited to:
general business, economic, competitive, geopolitical and social uncertainties; the actual results of current
exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate
the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although
Emerita has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward -looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward -looking information. Emerita does not
undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.