en.Wedoany.com Reported - Emerita Resources (TSX-V:EMO) has obtained high-grade mineralization results from drilling at the El Cura deposit in Spain, as the company advances the pre-feasibility study for its Iberian Belt West Project.
Drilling results show that hole EC102 intersected 3.9 meters grading 3.8% copper, 0.9% lead, 1.6% zinc, 2.81 g/t gold, and 71.26 g/t silver, including a 2.6-meter section grading 5.5% copper. Additionally, hole EC105 intersected 1 meter grading 5.4% copper and 2.95 g/t silver.
The El Cura deposit is part of Emerita's wholly-owned Iberian Belt West Project, which comprises three volcanogenic massive sulfide deposits: La Romanera, El Cura, and La Infanta. The pre-feasibility study for El Cura is underway and is expected to be completed in the third quarter. Since commencing delineation drilling at the deposit in June 2023, the company has completed over 100 drill holes at El Cura, totaling 37,329 meters, with exploration reaching this milestone in June.
Holes EC102, EC103, and EC105 have further defined the orebody in the upper and middle sections of the deposit, confirming continuity in this area. Holes EC099, EC101, and EC104, located west of El Cura, indicate extension of the deposit in that direction. The strike length between hole EC102 and the deep western intersection in hole EC104 is approximately 500 meters. The maximum intersected thickness of the orebody is 16.9 meters, with an average width of 4.2 meters. Hole EC104, the deepest and most westerly mineralized intersection to date, has a thickness close to the average, indicating potential for further resource expansion along strike and down dip.
Regarding project development progress, Emerita stated that the public consultation submission phase related to environmental authorization has concluded. All public comments have been submitted to the Andalusian environmental authority, which will review them and respond based on project information provided by Emerita. Following the issuance of the environmental opinion, there will be a 15-day hearing period, after which the process will move to the final decision-making stage. Company CEO Joaquin Merino noted that the company welcomes all feedback received during the public consultation, which helps understand general concerns regarding the IBW project development and the level of support from local stakeholders. He stated that the project can only advance with the support of the community and authorities, and understanding and responding to the comments received is a key step in obtaining the social license needed to advance IBW to a construction decision.
Emerita Resources is a Spain-focused base metals exploration company currently advancing the Iberian Belt West Project.
