First Massive Sulphide Intercept from Romanera Deposit Drill Campaign, Increased to Six Diamond Drills ON Romanera
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
FIRST MASSIVE SULPHIDE INTERCEPT FROM ROMANERA DEPOSIT DRILL
CAMPAIGN, INCREASED TO SIX DIAMOND DRILLS ON ROMANERA
TORONTO, ONTARIO June 7, 2022 – Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company”
or “Emerita”) announces that it has completed the first hole through the Romanera d eposit at its wholly -
owned Iberia Belt West project (“IBW” or the “Project”) . Three other holes will be completed in the coming
days and two additional drill rigs are setting up on the deposit to bring the total to six drills at Romanera (Figure
1).
• Hole LR 002 intersected 14.3 meters of massive sulphides (assays pending) from 138.2 to 148.5 meters
(Figure 2). Visual inspection of the core identifies the mineralization as true massive sulphide (Figure
3) comprising sphalerite, galena and chalcopyrite in a pyrite gangue. Several intercepts from the
historical drilling are included on Figure 2 for reference. The shallower intercepts were not assayed
for gold by the previous operators.
Figure 1: Plan map showing the location of first six drill holes at Romanera.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 2: Cross section showing the location of drill hole LR002 along with results from historical drill holes
located close to it. The earlie r drill holes by previous operators were not assayed for gold. Holes LR 001,
003, 004 on this section should be through the target zone in the coming days.
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 3: Photo of a section of the massive sulphide intercept in hole LR002. Visual inspection of the core
identifies the zone as comprising more than 95% sulphide minerals sphalerite, galena, chalcopyrite with
pyrite gangue.
The planned program is designed to upgrade the existing historical resource t o be compliant with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and test for expansions to the
east, west and at depth (Figure 4). Several deeper drill holes are also planned below the drilling illustrated on
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
Figure 4 and will be laid out when additional data is available to target the deep drilling effectively. The EM
Conductor associated with the deposit extends more than 500 meters to the east of the historical drilling and
this survey was instrumental in designing the drill plan.
Figure 4: Planned drill program for the Romanera Deposit overlain on block model developed from historical
drill hole data base. Existing drilling all occurs within the mineralized blocks and the deposit is open for
expansion to the east west and at depth. The highest grades are not cut off by drilling.
According to David Gower, P.Geo., CEO of Emerita, “The Romanera deposit is the cornerstone of the Iberia
Belt West Project (IBW). The block model is very encouraging in that the highest grade material indicated by
the historical drilling remains wide o pen in all directions. There will be a steady flow of data from this drill
campaign now that it is getting into full production mode.”
According to Joaquin Merino, P.Geo, President of Emerita , “Our team is very excited to see the
commencement of this most important phase of the Project. The drill rigs that have most recently arrived on
the Project are highly mechanized, high-performance machines that will have an important impact on the drill
productivity.”
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 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, 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 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, 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 integrat e
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.
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