Emerita Resources Announces Initial Diamond Drilling Results at Salobro Zinc Project, Brazil
Emerita Resources Announces Initial Diamond Drilling Results at Salobro Zinc
Project, Brazil
TORONTO, May 23, 2018 -- Emerita Resources Corp. (“Emerita” or the “Company”) (TSXV:EMO) announces that it has
received the initial diamond drilling results from its drill program at its Salobro zinc project located in Minas Gerais State,
Brazil (Figure 1) (the “Salobro Project”).
The phase 1 drill program contemplates 3,500 meters (23 drillholes) of diamond drilling intended to expand the existing
resource. The drill program also includes four drillholes required for QA/QC to complete a NI 43-101 compliant resource
calculation and six large diameter (PQ) drillholes for metallurgical testwork (400 Kg).
The drill program is progressing as planned. To date, 2,133.90 meters have been drilled (15 drillholes) and assay results for
two drill holes have been received by Emerita (Figures 2 and 3).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/06a3f782-
ceae-4b58-954b-d4122d11ea1f
Drillhole EMO-SALO-DDH-001 is an in-fill hole that intersected two mineralized zones which together extend over a core
interval of 9.62 meters, with higher grade mineralization at the upper and lower parts of the zone separated by a 3.6 meter wide
weakly mineralized section in the center of the intercept. Vale’s historical drill hole PRM-SALO-FD-009, which was drilled
within 24 meters of this intercept, returned 13.92 meters grading 10.39 % Zn and 2.13 % Pb. Vale's drillhole was not surveyed
for deviation.
Drillhole EMO-SALO-DDH-002 was planned to test the up-dip extent of mineral resources at Orebody 1. The hole
successfully intercepted mineralization at 108 meters (100 meters vertical) extending the mineralized zone approximately 30
meters up dip.
The key deliverable for the ongoing exploration program will be to complete a mineral resource estimate that meets NI 43-101
standards. Emerita is planning to release its inaugural mineral resource estimate at the Salobro Project in July 2018. A NI 43
-101 technical report in respect of the Salobro Project entitled “Technical Report on Salobro Zinc Project” dated March 23,
2017 was prepared by Carlos H.C. Costa, P.Geo., and is available under the Company’s profile on SEDAR at www.sedar.com
and on the Company’s website.
Based on a historical mineral resource estimate, the Salobro zinc-lead deposit is estimated to contain 8.3 million tonnes
grading 7.12% zinc and lead. A “qualified person”, as defined in NI 43-101, has not done sufficient work on behalf of
Emerita to classify the historical estimate as a current mineral resource and Emerita is not treating the historical
estimate as a current mineral resource or mineral reserve. Further work must be completed in order to
demonstrate whether a reasonable expectation for commercial extraction exists. The mineral resource estimate is
a historical estimate and should not be relied upon. A summary of the historical resource estimate can be found on the
Company’s website in a report entitled “Mineralizações De Zinco E Chumbo Do Depósito Salobro, Porteirinha (Mg) (2006)”.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ad1d4962
-3843-4f16-a43d-c35cb1f345ec
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8f6749a9-
aa1e-4f56-ad59-325dfb1cc3d6
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a117b849
-0f7f-468c-9011-1b8e14044ef5
Qualified Person
Carlos Cravo Costa, P.Geo., is a “qualified person” as such term is defined in NI 43 -101 and has reviewed and approved the
technical information included in this press release and has approved its dissemination.
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 its properties in Spain and Brazil. The Company’s corporate office and technical
teams are based in Sevilla, Spain and Belo Horizonte, Brazil with an administrative office in Toronto, Canada.
For further information, contact:
Helia Bento
+1 416 309 4293 (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 regarding the Salobro project, the mineralization of the
Salobro Project, the prospectivity of the Salobro Project, the Company’s ability to publish a NI 43-101 mineral resource at the
Salobro Project, the results of the drilling program at the Salobro Project 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 purchased properties or mining rights
awarded; 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.
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