Emerita Resources (TSXV:EMO) has announced additional significant mineralization from its drilling program at the El Cura deposit area, part of the company’s wholly owned Iberian Belt West (IBW) project.
David Gower, P.Geo., CEO of Emerita, commented in a press release: “We are very encouraged with the recent results at El Cura. Drilling on the western side of the area has returned excellent copper-gold values over significant widths and this zone is growing significantly. A step out such as EC014 with the thickness and continuity we are seeing in the mineralized zone represents a material increase to the El Cura deposit. The location adjacent to the conceptual haulage ramp for the potential IBW development also makes it a very attractive target for possible mining in future”.
Highlights from the results are as follows:
- Drill Hole EC014 intersected 11.4 m of massive sulfide. Assay results are pending. This is the deepest and thickest intercept to date on El Cura area at approximately 350 m vertical depth.
- Drill Hole EC014 is located along section 9750E, which shows a series of 5 holes, all of which have intersected mineralization.
- Mineralization has been intersected from near-surface to approximately 350 m vertical depth. Drill Hole EC014 indicates the massive mineralized zone is likely becoming thicker. The zone remains open at depth.
- Intercepts in section 9750E are more than 600 m west of the historic El Cura mine workings.
- As announced on June 25th, Emerita has added a second drill rig and plans an additional 15 drill holes to delineate the new El Cura
The IBW project, located in Spain, hosts three previously identified Volcanogenic Massive Sulfide (VMS) deposits: La Infanta, La Romanera, and El Cura. Recent drilling at El Cura has intersected substantial mineralization over an area of approximately 400 meters by 300 meters within a mineralized corridor extending at least 600 meters in strike length.
Initial drilling results from the western portion of the explored area included hole EC007, which intersected 2.2 meters grading 2.9% copper, 2.3% lead, 4.6% zinc, 2.81 grams per tonne gold, and 82.5 grams per tonne silver. Following these results, the company completed an additional six drill holes, three of which were drilled along section 9750E to test the continuity of the mineralized lens at depth.
The company has now planned 15 more drill holes to follow up on these findings. To date, approximately 220 meters of strike length has been tested, focusing on the westernmost 200 meters of the 600-meter corridor in the area of section 9750E. Massive to semi-massive sulfides were intersected down to 340 meters below surface in hole EC013, and drill hole EC014 has extended the mineralization another 60 meters down-dip.
David Gower, CEO of Emerita, expressed optimism about the recent results, noting the excellent copper-gold values over significant widths in the western side of the area. He highlighted that the step-out represented by EC014, with its thickness and continuity, represents a material increase to the El Cura deposit.
The company has allocated two drills to expand the mineralization encountered to date on section 9750E. One drill is testing the continuity of the mineralization at depth, while the other is exploring continuity to the east and west from section 9750E. The recently completed drill hole EC014 encountered 11.4 meters of massive sulfide with chalcopyrite and galena, cross-cut by chalcopyrite veining. Assays for this hole are pending.
Drill results to date at El Cura show a high-grade massive sulfide body that strikes WNW-ESE, dips steeply to the north, and plunges to the west. It is characterized by high grades in copper and gold. For example, hole EC012 yielded 3.4 meters grading 1.7% copper and 3.09 grams per tonne gold, while EC013 intersected 10.6 meters grading 1.7% copper and 0.95 grams per tonne gold. The true thickness is approximately 75 to 85% of the intercept length, with good drill core recoveries averaging 98%.
The 11.4-meter thick intercept of drill hole EC014 has verified the extension of the mineralization for an additional 60 meters down-dip. With a second rig now drilling, Emerita aims to accelerate the program and test the continuity of the mineralization both to the east and west.
All three deposits at the IBW project – La Infanta, La Romanera, and El Cura – remain open for expansion along strike and at depth. The company continues its exploration efforts to further define and expand these resources.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
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