IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and
The Company presently has 4 diamond drills operating at La Romanera and one drill that is on the first hole at the Nuevo Tintillo project - located approximately 85 km to the east of IBW. Metallurgical work for the IBW project is in progress at the Wardle Armstrong metallurgical test facility in the
Assays have been received for diamond drill holes LR156 and LR157. These two holes have been surveyed using downhole electromagnetic surveying (DHEM) which has indicated that mineralization continues below both drill holes down plunge to the west, confirming the deposit extends further at depth. Drill hole LR159 has intercepted approximately 44 meters of massive sulphides and assays are pending for this intercept.
According to
Drill hole LR156 intersected 24.2 meters grading 0.5% Cu; 0.8% Pb; 1.9% Zn, 1.07 g/t Au and 38.1 g/t Ag, including 5.0 meters grading 0.4% Cu; 2.8% Pb; 6.6% Zn, 1.47 g/t Au and 75.4 g/t Ag. True thickness is approximately 75 - 80 %.
Drill hole LR157 intersected 51.6 meters grading 0.5% Cu; 1.1% Pb; 1.5% Zn, 0.46 g/t Au and 26.1 g/t Ag, including 6.0 meters grading 0.2% Cu; 1.6% Pb; 5.5% Zn, 0.98 g/t Au and 58.8 g/t Ag and 5.6 meters grading 0.4% Cu; 1.8% Pb; 2.1% Zn, 0.89 g/t Au and 38.5 g/t Ag. True thickness is approximately 75 - 80 %.
Quality Assurance/Quality Control
Drilling at La Romanera is HQ size and core is placed into core trays at the drill site and transported directly from the site to Emerita's coreshack (15Km) from La Romanera. Once the cores are received at Emerita's coreshack they are photographed and geotechnical logging is performed. Geological, mineralogical and structural logging follows and mineralized zones are identified. The samples are marked every 1m or less, and respecting lithological contacts, with most of the samples 1.0m long. The zone immediately above and below the mineralized zones are also sampled. Core samples are sawed in half and half of the core is returned to the core tray for future reference. Once the core samples are cut, bagged and tagged, they are shipped to the ALS laboratory in
About
Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral properties in
Contact:
Tel: +1 647 910-2500 (
Email: info@emeritaresources.com
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 prospectivity of the IBW project, the mineralization and the IBW project, the economic viability of the IBW project, the timing and results of metallurgical studies, the Company's future exploration plans 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 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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