Emerita Intersects 6.5M of Massive Sulfide Grading 1.1% Copper, 1.1% Lead, 3.1% Zinc, 73.35 G/T Silver and 1.36 G/T GOLD at El Cura Deposit, Demonstrating Continuity of Mineralization Along Strike
EMERITA INTERSECTS 6.5M OF MASSIVE SULFIDE GRADING 1.1% COPPER, 1.1% LEAD, 3.1% ZINC,
73.35 G/T SILVER AND 1.36 G/T GOLD AT EL CURA DEPOSIT, DEMONSTRATING CONTINUITY OF
MINERALIZATION ALONG STRIKE
TORONTO, October 16, 2024-- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the
“Company” or “Emerita”) has intersected significant mineraliza�on in the ongoing drilling campaign at El
Cura Deposit, part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1).
IBW hosts three previously iden�fied Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura
and La Infanta. Results contained in this news release are from El Cura deposit area only.
• Drillhole EC020 intersected 6.5 m grading 1.1% copper, 1.1% lead, 3.1% zinc, 73.35 g/t silver and
1.36 g/t gold.
• Drillhole EC018 intersected 4.1 m grading 0.3% copper, 0.4% lead, 0.6% zinc, 14.98 g/t silver and
0.36 g/t gold.
• Drillhole EC019 intersected 0.5 m grading 0.8% copper, 0.3% lead, 1.2% zinc, 21.00 g/t silver and
0.36 g/t gold. This is the most western intercept to date in El Cura, extending the deposit 50m to
the west.
• Sulfide mineraliza�on at El Cura con�nues to the west and at depth.
Figure 1. IBW tenement and locations of La Romanera, El Cura and La Infanta deposits.
Emerita Work at El Cura
Drilling con�nues to expand the El Cura deposit, targe�ng the 200 m eter gap area between recent drilling
and previously reported sec�ons to the east posi�ve results (Figures 2, 3). This recent drilling has intersected
mineraliza�on in this gap (Hole EC020) demonstra�ng con�nuity of the mineraliza�on. Drilling towards the
west has intercepted sulfide mineraliza�on which is lower grade but establishes that the mineralized system
con�nues to the west and at depth.
Recent drilling has improved the understanding of the local geology. The deposit extends 730 meters along
strike. At depth the mineraliza�on has been tested from 70 m to -220 m MSL, up to 300m down dip ( Figure
4).
The Company will be mobilizing a third rig to the area next month to accelerate the program and increase the
drill hole density for resource es�ma�on purposes. Assay results are shown in Table 1.
Joaquin Merino, P .Geo., President of Emerita notes, “We con�nue to intersect high grade and copper-rich
mineraliza�on at El Cura. We are also learning more with eac h drill hole about the structural controls on
mineraliza�on. Areas where faults transect the deposit tend to be lower grade and atenuated similar to
what we have observed at La Infanta deposit. Thicker, higher-grade parts of El Cura provide excellent
opportunity to rapidly expand the deposit.”
Figure 2. Plan view map showing drill hole traces of the El Cura drilling. Hole traces in this NR colored red.
Figure 3. Geology map of El Cura area showing drill hole locations and location of historical mine
workings. Mineralization is hosted in sediments and volcaniclastics colored blue and purple.
Figure 4. Drill hole pierce points projected to a vertical plane-oriented East-West, looking north. Holes
EC018, EC019 and EC020 are shown in red. Lens shape (in green) indicates the geometry. Green coloured
drill holes are in progress or results pending.
Mineral Lens
Table 1: Significant intercepts from recent drilling at El Cura
DDH Easting Northing Eleva-
tion
Azi-
muth
Di
p
Dept
h (m)
FRO
M TO Widt
h (m)
Cu
%
Pb
%
Zn
%
Au
g/t
Ag
g/t
EC01
8
649685.
0
4171500.
0 127.0 159 -
64 365.4 285.1 289.2
5 4.1 0.3 0.4 0.6 0.36 14.98
incl. 285.1 285.6 0.5 0.9 2.3 4.3 1.32 75.00
EC01
9
649685.
0
4171500.
0 127.0 178 -
68 368.4 309.1
5
309.6
5 0.5 0.8 0.3 1.2 0.36 21.00
EC02
0
649834.
0
4171569.
0 126.0 179 -
57 361.9 324.9 331.4 6.5 1.1 1.1 3.1 1.36 73.35
incl. 327.8
5
329.8
5 2 2.3 2.0 7.0 2.32 158.0
0
Discussion
Drilling to date has defined a lateral extension of the massive sulfide body plunging from near surface of the
historic mine workings downward to the west -southwest. The distribu�on of copper and gold indicates
elevated grades in the western extensions. The deposit is s�ll open at depth and along strike to the west.
EC018 (CS 9685E) intersected moderate grade lead and zinc mineraliza�on (4.1m grading 0.3% Cu, 0.4% Pb,
0.6% Zn, 0.36 g/t Au and 14.98 g/t Ag, including 0.5m grading 0.9% Cu, 2.3% Pb, 4.3% Zn, 1.32 g/t Au, 75.00
g/t Ag) fine grained sulfide mineraliza�on forming a massive to semi- massive lens crosscut by millimetric
galena-rich veins. (Figure 5).
Figure 5. Core photos of EC018 polymetallic massive sulfide with galena vein.
The most western hole completed on the area, EC019 (CS 9685E), has proved the con�nua�on of the copper
and gold massive sulfide lens to the western extent of the drilling to date (0.5m grading 0.8% Cu, 0.36 g/t Au,
21 g/t Ag). Drilling con�nues along this sec�on at depth which is more in line with the interpreted structural
trend of the thicker mineraliza�on.
Figure 6. Core photos of EC019 polymetallic massive sulfide with galena vein.
Lateral correla�on between sec�ons CS 9685E and CS 9835E, as well as EC020 (CS 9832E), has confirmed the
con�nua�on of the high-grade copper and gold massive sulfide lens (6.5 m grading 1.1% Cu, 1.1% Pb, 3.1%
Zn, 1.36 g/t Au, and 73.35 g/t Ag). Examples of the mineraliza�on from EC020 are illustrated in Figure 7 below.
Chalcopyrite agglomerate crystals within quartz veins overprin�ng the massive to semi-massive sulfides.
Figure 7. Core photos of EC020 copper-rich massive sulfide with fine stringed chalcopyrite veins and some
centimetric crystals.
Figure 8. Interpretive geological cross section 9685E.
Figure 9. Interpretive geological cross section CS 9832E.
Next steps
Drilling will accelerate with the mobiliza�on of a third rig, driven by evidence of the system's westward and
down-dip extension. The Company aims to delineate the boundaries of mineraliza�on at El Cura and provide
a preliminary mineral resource es�mate which will be included in the forthcoming NI 43 -101 compliant
mineral resource es�mate for the IBW project.
In parallel with the drilling opera�ons, downhole geophysical surveys are being conducted to assess the
con�nua�on of the massive sulfide down-dip and along strike.
Quality Assurance/Quality Control
Drilling at El Cura 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 El Cura. 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 iden�fied. The samples are marked every 1m or less, and respec�ng
lithological contacts, with most of the samples 1.0m long. The zone immediately ab ove 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
laboratory in Seville by Emerita personnel where sample prepara�on is done. In Seville, ALS performs the
mechanical prepara�on 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 addi�on, 10% of pulps are reanalyzed at a second independent cer�fied laboratory
(AGQ Lab Sevilla). When the analysis is completed, the cer�ficates are received from the laboratory and the
QA/QC protocol iden�fies any devia�on or anomaly in the results and the en�re 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
Scien�fic and technical informa�on 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 acquisi�on, explora�on, and development of
mineral proper�es 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 administra�ve office in Toronto, Canada.