by Greg Klein | July 21, 2016
Mining on the property dates back at least as far as the Romans but there’s evidence of still more gold to come. With that in mind, Emerita Resources TSXV:EMO has begun exploring its Sierra Alta project in the Asturias region of northwestern Spain. The program calls for detailed mapping, bedrock sampling and trenching to determine drill targets on the 2,500-hectare property, the company announced July 21.
Work will initially focus on an area about three kilometres long by 300 metres wide that contains a high density of Roman excavations distributed along a structure that seems to control the mineralization’s distribution, Emerita stated. Historic, non-43-101 data from the 1990s reported bedrock samples as high as 338 grams per tonne and 48.96 g/t gold in an area where soil samples showed strong gold anomalies.
Very limited follow-up work has been done. But later sampling during Emerita’s initial property assessment found grades up to 10.65 g/t.
Another area of gold geochemical anomalies to the south measures about 1.5 kilometres by 200 metres. Part of the Navelgas Gold Belt, Sierra Alta features a geological environment comparable to the El Valle-Boinas and Carles gold mines operating 35 kilometres east. “Gold mineralization in the area typically occurs in high-grade epithermal veins, skarns and as intrusive-related gold deposits,” the company added.
“The combination of modern geochemical anomalies and extensive Roman mining excavations, the largest of which is hundreds of metres in length, combined with high-grade samples in bedrock, make this a very compelling and highly prospective target,” commented CEO Joaquin Merino. “We expect to have initial assay results from the exploration program by mid-August.”
Last month Emerita announced a 100% option on the Falcon Litio MG property in Brazil, 500 metres from the country’s only operating lithium mine. In May the company announced a letter agreement with the Aldesa Group, an international builder of specialized infrastructure, to create a JV to acquire and explore mineral projects.
Emerita closed an oversubscribed private placement of $954,000 in May.