Emerita Intersects 30.5 Meters Grading 0.3 % Copper; 1.6 % Lead; 1.5 % Zinc; 2.61 g/t Gold and 193.5 g/t Silver, Including 5.4 Meters Grading 0.5 % Copper; 3.6 % Lead; 0.4 % Zinc; 7.50 g/t Gold and 675.7 g/t Silver from 507.9 Meters; and 7.5 Meters Grading 0.2 % Copper; 3.1 % Lead; 9.4 %
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Emerita Intersects 30.5 Meters Grading 0.3 % Copper; 1.6 % Lead; 1.5 % Zinc; 2.61 g/t Gold and
193.5 g/t Silver, Including 5.4 Meters Grading 0.5 % Copper; 3.6 % Lead; 0.4 % Zinc; 7.50 g/t Gold
and 675.7 g/t Silver from 507.9 Meters; and 7.5 Meters Grading 0.2 % Copper; 3.1 % Lead; 9.4 %
Zinc; 1.8 g/t Gold and 141.8 g/t Silver from 518.6 Meters
TORONTO, May 4, 2023 -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company”
or “Emerita”) is pleased to announce additional assay results from the ongoing delineation drilling program at
La Romanera Deposit, part of Emerita’s wholly owned Iberian Belt West P roject (“IBW” or th e “Project”).
These results will be included in the upcoming maiden NI 43 -101 compliant mineral resource estimate
(“MRE”). Assays from 10 additional drill holes from La Romanera deposit have been received. IBW hosts three
previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for
expansion along strike and at depth.
Joaquin Merino, P.Geo., President of Emerita stated, “These holes are being incorporated into the block model
for the forthcoming MRE. Meetings are occurring this week with Wardell Armstrong International, who has
been engaged to complete the MRE, to review and refine the block model as we approach completion. Assay
data for the remaining few drill holes is being incorporated as they are received.”
La Romanera assay results include holes LR085, LR090, LR096, LR112, LR114, LR137, LR140, LR142, LR144, and
LR145 and are reported below.
These holes are distributed broadly across the deposit between +100 and - 350 m elevation (Figures 1, 2 and
3; detailed drill data is presented in Table 1).
Drill hole intercepts below 250 m depth (LR096, LR140, LR142) intercepted both the Upper and Lower Lenses.
In some cases, the width of the lenses exceeds 30 meters and returned high grades in base metals as well as
gold and silver.
Drill hole intercepts in the upper part of the deposit (LR137, LR145, LR144) intercepted both the Upper and
Lower Lenses. The Upper Lens is characterized by high grade in base metals, gold and silver over narrow
widths. The Lower Lens presents moderate widths in base metal grades and moderate to high grades in gold
and silver.
Drill hole grades and thicknesses are reported below.
Drill Hole LR096:
The Upper Lens was intersected at 512.6 m and encountered 5.4 m grading 0.3 % Cu; 1.5 % Pb; 3.0 % Zn; 1.24
g/t Au and 80.6 g/t Ag. The Lower Lens was intersected at 518.0 m and comprises 4.5 m grading 0.2 % Cu; 2.0
% Pb; 3.4 % Zn; 2.28 g/t Au and 225.0 g/t Ag.
Drill Hole LR112:
The Lower Lens was intersected at 242.6 m and encountered 2.3 m grading 0.2 % Cu; 2.3 % Pb; 6.7 % Zn; 0.83
g/t Au and 79.9 g/t Ag.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Drill Hole LR137:
The Lower Lens was intersected at 149.9 m and encountered 3.1 m grading 0.2 % Cu; 0.8 % Pb; 0.2 % Zn; 1.53
g/t Au and 68.8 g/t Ag.
Drill Hole LR140:
The Lower Lens was intersected at 632.5 m down the hole and comprises 30.45 m grading 0.3 % Cu; 1.5 % Pb;
3.9 % Zn; 1.42 g/t Au and 84.2 g/t Ag including 8.1 m grading 0.2 % Cu; 4.0 % Pb; 13.8 % Zn; 2.46 g/t Au and
164.6 g/t Ag.
Drill Hole LR142:
The Upper Lens was intersected at 517.2 m and comprises 30.5 m of mineralization grading 0.3 % Cu; 1.6 %
Pb; 1.5 % Zn; 2.61 g/t Au and 193.5 g/t Ag including 5.40 m grading 0.5 % Cu; 3.6 % Pb; 0.4 % Zn; 7.54 g/t Au
and 675.7 g/t Ag . The Lower Lens was intersected at 518.6 m down the hole and comprises 7.45 m of
mineralization grading 0.2 % Cu; 3.1 % Pb; 9.4 % Zn; 1.79 g/t Au and 141.8 g/t Ag.
Drill Hole LR144:
The Upper Lens was intersected at 91.4 m and encountered 1.6 m grading 0.4 % Cu; 4.1 % Pb; 8.0 % Zn; 2.96
g/t Au and 149.5 g/t Ag. The Lower Lens was intersected at 97.3 m and comprises 3.65 m grading 0.2 % Cu;
2.9 % Pb; 1.0 % Zn; 2.34 g/t Au and 119.8 g/t Ag.
Drill Hole LR145:
The Lower Lens was intersected at 94.4 m and encountered 2.75 m grading 0.1 % Cu; 1.5 % Pb; 2.8 % Zn; 2.10
g/t Au and 86.7 g/t Ag.
Drill Hole LR85, LR090, LR114:
Low grade pyrite, no significant assays.
Table 1: Diamond Drill Hole Data, La Romanera Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 1: Vertical longitudinal section showing Upper Lens intercepts, La Romanera Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 2: Vertical longitudinal section showing Lower Lens intercepts, La Romanera Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 3: Plan map showing drill hole trace surface projections, La Romanera Deposit
Quality Assurance/Quality Control
Drilling at La Romanera and La Infanta is HQ size and core is placed into core trays at the drill site and
transported directly from the site to Emerita’s coreshack (15Km) from La Romanera and (8Km) from La Infanta.
Once the cores are received at Emerita's coreshack they are photographed and geotechnical logging is
performed. Geological, mineralogical and structural logging follows and mineralized zones are identified. The
samples are marked every 1m or less, and respecting lithological contacts, with most of the samples 1.0m
long. The zone immediately above and below the mineralized zones are also sampled. Core samples are sawed
in half and half of the core is returned to the core tray for future reference. Once the core samples are cut,
bagged and tagged, they are shipped to the ALS labora tory in Seville by Emerita personnel where sample
preparation is done. In Seville, ALS performs the mechanical preparation of the samples and then the pulps
are sent to ALS Ireland (ICP) and ALS Romania (fire assay). The analysis at ALS Lab corresponds t o the ME -
ICPore (19 elements) package, together with the Au-AA23 fire assay (Gold).
10% of the analyzed samples correspond to control samples (fine blanks, coarse blanks, high, medium and low
grade standards). In addition, 10% of pulps are reanalyzed at a second independent certified laboratory (AGQ
Lab Sevilla). When the analysis is completed, the certificates are received from the laboratory and the QA/QC
protocol identifies any deviation or anomaly in the results and the entire batch is reassayed in such case. Once
the data is approved by the QA/QC protocol assays are entered digitally directly into the database.
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 min eral
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:
Vincent Chen
+1 778 990 9433 (Toronto)
Cautionary Note Regarding Forward-looking Information
This press relea se 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 compliant mineral 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, eve nts 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 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.