Emerita Intersects 6.0 Meters Grading 0.2% Copper; 1.6% Lead; 5.5% Zinc, 0.98 g/t Gold and 58.8 g/t Silver, Within a T hick Massive Sul phide Intercept of 51.6 Meters Grading 0.5% Copper; 1.1% Lead; 1.5% Zinc, 0.46 g/t Gold and 26.1 g/t Silver, Extending La Romanera Deposit at Depth
Emerita Intersects 6.0 Meters Grading 0.2% Copper; 1.6% Lead; 5.5% Zinc,
0.98 g/t Gold and 58.8 g/t Silver, Within a T hick Massive Sul phide
Intercept of 51.6 Meters Grading 0.5% Copper; 1.1% Lead; 1.5% Zinc, 0.46
g/t Gold and 26.1 g/t Silver, Extending La Romanera Deposit at Depth
TORONTO, November 6, 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 drilling program
at La Romanera deposit, part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project).
IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results
contained in this release are from La Romanera. All deposits are open for expansion.
The Company presently has 4 diamond drills operating at La Romanera and one drill that is on the first hole
at the Nuevo Tintillo project - located approximately 85 km to the east of IBW. Metallurgical work for the
IBW project is in progress at the Wardle Armstrong metallurgical test facility in the United Kingdom. This test
work is expected to conclude near the end of November 2023. Four samples are currently being evaluated,
three from La Romanera and one from La Infanta.
Assays have been received for diamond drill holes LR156 and LR157 (see Table 1 and Figure 1). These two
holes have been surveyed using downhole electromagnetic surveying (DHEM) which has indicated that
mineralization continues below both drill holes down plunge to the west, confirming the deposit extends
further at depth. Drill hole LR159 has intercepted approximately 44 meters of massive sulphides and assays
are pending for this intercept (Figure 2).
According to Joaquin Merino, P.Geo., President of Emerita, “We continue to see a very thick massive sulphide
zone a t La Romanera where drilling is expanding the deposit beyond the recently announced mineral
resource estimate at IBW. Given these are some of the thickest massive sulphides we have seen to date at
La Romanera, in addition to the DHEM indicating continuity to depth, we are optimistic there continues to
be significant room to expand this deposit.”
Drill hole LR156 intersected 24.2 meters grading 0.5% Cu; 0.8% Pb; 1.9% Zn, 1.07 g/t Au and 38.1 g/t Ag,
including 5.0 meters grading 0.4% Cu; 2.8% Pb; 6.6% Zn, 1.47 g/t Au and 75.4 g/t Ag. True thickness is
approximately 75 – 80 %.
Drill hole LR157 intersected 51.6 meters grading 0.5% Cu; 1.1% Pb; 1.5% Zn, 0.46 g/t Au and 26.1 g/t Ag,
including 6.0 meters grading 0.2% Cu; 1.6% Pb; 5.5% Zn, 0.98 g/t Au and 58.8 g/t Ag and 5.6 meters grading
0.4% Cu; 1.8% Pb; 2.1% Zn, 0.89 g/t Au and 38.5 g/t Ag. True thickness is approximately 75 – 80 %.
Table 1: Significant intercepts of holes LR156 and LR157, La Romanera deposit
DDH Easting Northing Elevation Azimuth Dip Depth
(m) FROM TO Width
(m) Cu % Pb % Zn % Au
g/t
Ag
g/t Lens
LR156 646597 4172725 144 223 -75 692.4 643.0 667.2 24.2 0.5 0.8 1.9 1.07 38.1 LL
incl. 659.3 664.3 5.0 0.4 2.8 6.6 1.47 75.4 LL
LR157 646716 4172736 146 230 -72 721.7 649.8 701.4 51.6 0.5 1.1 1.5 0.46 26.1 LL
incl. 652.4 658.4 6.0 0.2 1.6 5.5 0.98 58.8 LL
incl. 677.8 683.4 5.6 0.4 1.8 2.1 0.89 38.5 LL
Figure 1: Location and trace of drill holes LR156 and LR157
Drill holes LR156 and LR157 assay results indicate continuity of massive sulphides from the outcrop to nearly
700 meters below surface, along with a pronounced thickening of the sulphide mineralization in the deepest
levels that remain open for further testing.
Figure 2: La Romanera Ver�cal Longitudinal Sec�on (lower lens, looking north) showing the loca�on of
intercepts and drill holes in progress. Grade contouring (in zinc equivalent values) is based on the Mineral
Resource Es�mate released on May 23, 2023.
Quality Assurance/Quality Control
Drilling at La Romanera 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. Once the cores are received at Emerita's
coreshack they are photographed and geotechnical logging is performed. Geological, mineralogical and struc-
tural 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 s hipped to
the ALS laboratory 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 to 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.
Qualified Person
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.
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 tech-
nical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.
For further information, contact:
Ian Parkinson
+1 647 910-2500 (Toronto)
www.emeritaresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securi-
ties legislation. Forward-looking information includes, without limitation, statements regarding the prospec-
tivity of the IBW project, the mineralizat ion and the IBW project, the economic viability of the IBW project,
the timing and results of metallurgical studies, the Company’s future exploration plans and the Company’s
future plans. Generally, forward-looking information can be identified by the use of forward -looking termi-
nology 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 in-
formation, including but not limited to: general business, economic, competitive, geopolitical and social un-
certainties; the actual results of current exploration activities; risks associated with operation in foreign ju-
risdictions; 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 anticipat ed, 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 ac-
cordance 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.