Emerita Intersects 2.77 G/T GOLD, 65.9 G/T Silver 8.2% Zinc, 3.2% Lead 0.5% Copper over 24.3 Meters at the Romanera Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
EMERITA INTERSECTS 2.77 g/t GOLD, 65.9 g/t SILVER 8.2% ZINC, 3.2% LEAD 0.5%
COPPER OVER 24.3 METERS AT THE ROMANERA DEPOSIT
TORONTO, ONTARIO July 7, 2022 – Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or
“Emerita”) announces assay results for three additional drill holes LR001, 003, 004 at the Romanera deposit
at Emerita’s wholly-owned Iberia Belt West Project (“IBW” or the “Project”) . Drill holes LR001, LR003 and
LR004 reported below, are located along section 646500E in the center of the deposit, down dip from
previously reported drill hole LR002 (released June 23,2022) (Figure 1, 2 and Table 1 ). The results
show positive correlation with historical drilling with respect to intercept location and width,
however with gold and silver grades higher than previously indicated . The drilling so far has
confirmed two continuous parallel massive sulphide lenses for 400m down dip. Assays for the three
additional drill holes are reported as follows:
LR003:
• LR003 intercepted mineralization 50m below Hole LR002. The upper lens occurs from
126.1m with 13.4m grading 0.3% copper, 1.8% lead, 3.5% zinc, 1.68 g/t gold, 89.8 g/t
silver (including 5.0m grading 0.3% Copper, 2.2% lead, 5.1% zinc, 2.64 g/t gold, 86.6 g/t
silver). The lower lens was intersected 48.7m below the upper lens and encountered
39.9m grading 0.5% copper, 3.0% lead, 6.2% zinc, 2.13 g/t gold, 83.1 g/t silver (incl. 4.3m
grading 0.3% copper, 1.2% lead, 1.2% zinc, 4.0 g/t gold, 126.9 g/t silver).
LR004:
• LR004 intercepted mineralization approximately 25m below Hole LR003. The upper lens
occurs from 244m, intercepted 11.0m grading 0.4% copper, 1.6% lead, 4.5% zinc, 2.19
g/t gold, 42.0 g/t silver (incl. 2.6m grading 0.2% copper, 4.1% lead, 8.9% zinc, 4.32 g/t
gold, 70.4 g/t silver). The lower lens which occurs from 280.5m included 24.3m grading
0.5% copper, 3.2% lead, 8.2% zinc, 2.77 g/t gold, 65.9 g/t silver (incl. 6.0m grading 0.6%
copper, 3.6% lead, 11.5% zinc, 2.46 g/t gold, 59.3 g/t silver).
LR001:
• LR001 is the deepest hole completed to date at 530m. It intercepted 49.6m of
continuous stockwork sulphide mineralization. The interval grades 0.3% copper, 0.4%
lead, 0.3% zinc, 0.6 g/t gold and 41.8 g/t silver with higher grades at the upper and lower
contacts of the zone. It is common to see grade variation within VMS deposits of the
Iberian Pyrite belt.
According to David Gower, P.Geo, CEO of Emerita, “We continue to see strong results from the drilling at the
Romanera deposit. All holes completed to date are on a singl e section and confirm the base metal contents
of the historical drilling but with stronger precious metal values. As the drill results are received on adjacent
sections, we expect to see the distribution of the higher-grade mineralization and the structur al trends
controlling grade to be defined.”
Joaquin Merino, P.Geo, President of Emerita notes, “We are excited by the results to date. Already there are
three additional intercepts in the lab and five other drill holes in progress.”
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
The Company has six drills at the Romanera deposit and expects there should be a steady flow of results in
the coming months.
Figure 1: Plan map showing the location of drill holes LR001, 3, 4 and holes in progress at Romanera.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 2: Cross section showing the location of drill hole LR001-4.
DDH Easting Northing Elevation azimuth dip depth
(m) FROM TO Width
(m) Cu_% Pb_% Zn_% Au_g/t Ag_g/t
LR001 646716 4172736 146 214.38
-
40.77 530.6 452.7 461.0 8.3 0.3 0.9 0.2 0.54 140.7
LR001 493.8 502.3 8.6 0.3 0.7 1.2 1.11 43.1
LR003 646567 4172435 146 183.69
-
70.43 231.7 126.1 139.5 13.4 0.3 1.8 3.5 1.68 89.8
incl. 129.2 134.2 5.0 0.3 2.2 5.1 2.64 86.6
LR003 174.8 214.7 39.9 0.5 3.0 6.2 2.13 83.1
incl. 174.8 179.1 4.3 0.3 1.2 1.2 4.00 126.9
LR004 646593 4172590 148 191.13
-
38.64 351.6 244.3 255.3 11.0 0.4 1.6 4.5 2.19 42.0
incl. 247.6 250.2 2.6 0.2 4.1 8.9 4.32 70.4
LR004 280.5 304.7 24.3 0.5 3.2 8.2 2.77 65.9
incl. 287.9 293.9 6.0 0.6 3.6 11.5 2.46 59.3
Table 1: Detailed diamond drilling intercepts.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
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 NI 43-101 of the Canadian
Securities Administrators.
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 mineralization of the IBW
Project; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to
produce an NI 43 -101 resource estimate 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 case 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 imp ortant 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
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OF THIS RELEASE.