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Emerita Resources releases historic assays from Spanish precious and base metals deposit

by Greg Klein | October 15, 2020

Emerita Resources releases historic assays from Spanish precious and base metals deposit

Located near the Portuguese border on the heavily mineralized VMS terrane
of the Iberian Pyrite Belt, Emerita Resources’ Paymogo project lies about
50 kilometres from the Atlantic port of Huelva.

 

With compilation of additional historic data complete, 3D modelling can now begin for the Paymogo project. On October 15 Emerita Resources TSXV:EMO released previous drill assays from Romanera, the larger of the two deposits on this Iberian Pyrite Belt property in southern Spain. Last month the company released data for 41 historic drill holes from the project’s Infanta deposit, about eight kilometres east.

Some highlights from Romanera’s historic, non-43-101 records show:

Hole 5590

  • 7.8 g/t gold, 74 g/t silver, 0.58% copper, 2.8% lead and 8.4% zinc over 2 metres, starting at 256 metres in downhole depth

5615

  • 1.11 g/t gold, 32.14 g/t silver, 0.35% copper, 3.48% lead and 6.65% zinc over 14 metres, starting at 158 metres
Emerita Resources releases historic assays from Spanish precious and base metals deposit

5624

  • 2.2 g/t gold, 81 g/t silver, 0.2% copper, 2.6% lead and 5.13% zinc over 6 metres, starting at 70 metres

5681

  • 5.4 g/t gold, 156 g/t silver, 0.32% copper, 3.4% lead and 9.2% zinc over 2 metres, starting at 192 metres

5714

  • 1.08 g/t gold, 68 g/t silver, 0.15% copper, 3.7% lead and 9.08% zinc over 12 metres, starting at 562 metres

5715

  • 1.48 g/t gold, 81.25 g/t silver, 0.22% copper, 2.79% lead and 7.03% zinc over 8 metres, starting at 482 metres

5874

  • 2.7 g/t gold, 129.6 g/t silver, 0.21% copper, 5.22% lead and 10% zinc over 10 metres, starting at 574 metres

True widths weren’t available.

Romanera holds an historic, non-43-101 estimate that showed 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

Within that deposit sits a higher-grade zone with an historic, non-43-101 estimate of 11.21 million tonnes averaging 0.4% copper, 2.47% lead, 5.5% zinc, 64 g/t silver and 1 g/t gold.

The deposit begins at surface, reaches about 350 metres in depth and remains open down dip, according to historic records.

Drilling took place in the 1960s by Asturiana de Zinc and the 1990s by Minera Rio Tinto, but Asturiana core wasn’t assayed for gold.

Anticipating its own drill program, Emerita now has a permitting application underway. Meetings with local municipalities and landowners have brought support, the company reported. Drilling would begin on the Cura zone, west along strike from Infanta.

Read more about Emerita Resources.

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