Emerita Intersects 8.2 Meters Grading 2.5% Copper, 17.3% Zinc, 8.7% Lead, 223.5G/T Silver, 0.5G/T GOLD IN Initial Step-Out Drill Hole at LA Infanta Drill Program
36 Lombard Street, Floor 4, Toronto, ON, Canada, M5C 2X3
EMERITA INTERSECTS 8.2 METERS GRADING 2.5% COPPER, 17.3% ZINC, 8.7% LEAD, 223.5G/T SILVER,
0.5G/T GOLD IN INITIAL STEP-OUT DRILL HOLE AT LA INFANTA DRILL PROGRAM
TORONTO, October 22, 2021 – Emerita Resources Corp . (TSX – V: EMO; OTC: EMOTF ) (the “Company” or
“Emerita”) announces that it has received complete assays for the first step-out drill hole from the Infanta drill
program as well as the final in-fill drill holes. The in-fill program has verified the historical drill results and will
allow proper 3D modelling of the deposit along with providing fresh material that can be used for future
metallurgical testing. Both drills are now stepping out to expand the deposit. Please see Figure 1 below for
drill hole locations and Table 1 below for assays and drill hole coordinates.
• Drill hole IN018 intersected 8.2 meters grading 2.5% copper, 8.7% lead, 17.3% zinc and 223.5 g/t
silver and 0.5 g/t gold from 59.4 meters. This is 40 meter step out to the west of the historical
limits of the deposit. In addition, hole IN023 which is located approximately 50 m west hole IN018
of the deposit has intersected two zones of massive sulfide (assays pending). The only other hole
where the deeper second zone is intersected is in hole IN017 which is 300 meters east and this area
is open for extension of the mineralization to depth.
• There is a strong TEM conductor extending at least 300 meters to the west from hole IN018 (to the
edge of the current survey coverage) as well as some shallow historical workings that provide
strong evidence the deposit will extend in that direction.
• Drill Holes IN014 – 016 were the final in-fill drill holes and all intersected high grade mineralization,
with the highlight being hole IN014 which intersected 5.7 meters grading 2.4% % copper, 7.3% lead,
13.4% zinc, 225.0 g/t silver and 0.6 g/t gold 84.7 meters . See Table 1 be low for complete assays
and drill hole data.
• The geophysical survey is expected to resume by the end of October, when hunting season in the
region concludes.
• The Company plans to mobilize additional drills to expedite the drilling of the Romanera Deposit
and other regional targets including El Cura and the new geophysical targets. It is expected 5 drills
will be operating by year-end.
• True widths are expected to be 90-95% of intersection width. Assays were conducted at ALS
Laboratories, a certified independent assay lab.
According to Joaquin Merino, P.Geo., President of the Company: “We are excited by the progress to date and
particularly to be moving the program into the expansion drilling phase. Based on the latest drilling we have
identified what appears to be a structural repetition of the zone at depth to the north, seen in holes IN017
and IN023 which are 300 meters apart. The deposit is interpreted to continue to depth in the north zone.
Assays are pending for Hole 23 and a structural model incorporating the new information is being developed
to guide future drilling. We are systematically stepping out through the deposit to build the geological model
that will meet the requirements for establishing a NI 43-101 compliant mineral resource estimate.”
The drill program at Infanta is designed to test 1.5 kilometer strike length and test the depth extent to at least
300 meters down dip. Our ongoing geological mapping and geophysical surveys confirm there is solid
evidence, including some historical excavations, that mineralization should persist over that strike length. In
addition, the geophysical data suggests the conductors associated with the mineralization extend beyond 400
meters below surface.
36 Lombard Street, Floor 4, Toronto, ON, Canada, M5C 2X3
TABLE 1: Drill hole assays, orientation, and coordinates
FIGURE 1: Drill hole location map; holes in red – hole completed and assays received, holes in blue – hole
completed and assays pending, holes in white – planned drill holes.
DDH Easting Northing azimuth dip FROM TO Width
(m) Cu_% Pb_% Zn_% Au_g/t Ag_g/t
IN014 654014.88 4171546.78 172 -52 84.7 90.4 5.7 2.4 7.3 13.4 0.6 225.0
IN015 654048.73 4171489.93 172 -52 26.1 30.1 4.0 0.5 2.2 4.3 0.3 50.5
incl. 27.1 29.1 2.0 0.9 4.3 8.1 0.4 87.0
IN016 654140.59 4171550.34 172 -50 65.8 70.3 4.5 1.3 3.5 6.7 0.4 172.3
IN018 653833.99 4171542.97 171 -50 59.4 67.6 8.2 2.5 8.7 17.3 0.5 223.5
incl. 62.7 67.6 4.9 3.6 12.7 25.9 0.7 331.9
36 Lombard Street, 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 National Instrument 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, statements the mineralization
of the Iberia Belt West Project (the “Project”) including the infanta deposit , the prospectivity of the Project,
the timing and results of the drill program, the Company’s ability to complete a NI 43-101 compliant resource
estimate, the impact of changes in the mining laws and regulations, the impact of COVID 19 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 in formation 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 t hose 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.
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