TORONTO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX–V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces it is commencing with the previously announced diamond drill program (see news release August 30, 2023) (the "Drill Program") at its wholly owned Nuevo Tintillo project ("Nuevo Tintillo" or the "Project") . Due to an unusually hot and dry summer, the restrictions related to fire prevention in the area were extended to mid-October. During the hottest weather in this region of Spain, heavy equipment is not permitted to operate during the daytime hours. According to Joaquin Merino, P.Geo., President of Emerita, "This is the most extended dry period seen in the region in many years. Some rainy weather has started however much more is needed as reservoirs, ponds, smaller streams and rivers are still dry in many cases. The Company will truck water for the drill program."
Construction of drill access roads and platforms at the Project are completed. The drill campaign will start with one rig that will be mobilized next week. Permits for the program and agreements with local landowners are in place.
The initial Drill Program at Nuevo Tintillo will focus on targets that have been identified on the west side of the Project, nearest to the Rio Tinto mine (see news release August 30, 2023). The Drill Program will evaluate six priority targets and comprise approximately 3,000 meters in the initial target testing phase . Subsequent drilling will be budgeted based on results. Targeting is based on a combination of airborne electromagnetic (AEM) surveying, detailed and archived gravity data, detailed mapping and a compilation of historical geology. The area has abundant evidence of base metal mineralization in surface outcrops as well as small historical mines and is situated on trend from large Volcanogenic Massive Sulfide (VMS) deposits such as Rio Tinto mine, Aznalcóllar mine and Cobre Las Cruces mine.
In addition to the drilling at Nuevo Tintillo, the Company has continued to evaluate the potential along strike to the east, towards the center of the property. The exploration team has been mapping and characterizing the lithologies and alteration types in this area. The geological interpretation indicates the stratigraphy correlates well with the western area in the Project and by extension the stratigraphy hosting the Rio Tinto mine further to the west.
Background
The Nuevo Tintillo project comprises 6,875 hectares with an additional 7,625 hectares of claims that are pending final granting to the Company (see the Company's August 30, 2023 press release for further details). As such, it is Emerita's largest landholding in the Iberian Pyrite Belt (IPB). It is situated between several world-class Volcanogenic Massive Sulfide (VMS) deposits, including Rio Tinto, Aznalcóllar and Cobre Las Cruces. Seven known mineralized occurrences and several historic producing mines are located within the Project boundaries .
El Cura Target – Iberian Belt West Project
The Company plans to temporarily suspend the drilling at the El Cura target to focus on the Nuevo Tintillo program and maintain a strong focus on the expansion drilling at La Romanera. Drilling has been very slow at El Cura through the fire restriction season, and results will be reported when assays are completed. Additional drill platforms are in the process of being permitted at El Cura, for when drilling resumes there.
According to David Gower, P.Geo., CEO of Emerita, "This combination of high-resolution geophysical coverage and boots-on-the-ground mapping and prospecting has generated six highly prospective targets in the western Nuevo Tintillo sector, of which five have been selected for first-pass drill testing."
An initial program of 3,000 meters has been approved with a potential expansion to an already designed program of 11,500 meters of diamond drilling depending on results. Core will be logged in the Company's processing facilities in Puebla de Guzmán with samples dispatched to ALS.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo., President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.
For further information, contact:
Vincent Chen
+1 778 990 9433 (Toronto)
info@emeritaresources.com
多倫多,2023年10月20日(GLOBE NEWSWIRE)——Emerita Resources Corp.(多倫多證券交易所—V:EMO;OTCQB:EMOTF;FSE:LLJA)(“公司” 或 “Emerita”)宣佈,將在其全資擁有的新廷蒂略項目(“Nuevo Tintillo”)中開始先前宣佈的金剛石鑽探計劃(見2023年8月30日新聞稿)(“鑽探計劃”)lo” 或 “項目”)。由於夏季異常炎熱乾燥,該地區與防火有關的限制措施延長至10月中旬。在西班牙該地區最熱的天氣下,不允許重型設備在白天運行。Emerita總裁P.Geo華金·梅里諾表示:“這是該地區多年來最長的乾旱期。一些雨天已經開始,但是還需要更多的降雨,因爲在許多情況下,水庫、池塘、較小的溪流和河流仍然乾燥。該公司將用卡車運水用於鑽探計劃。”
該項目的鑽探通道和平台建設已經完成。演習活動將從一臺鑽機開始,該鑽機將在下週投入使用。該計劃的許可證以及與當地土地所有者的協議都已到位。
Nuevo Tintillo的初步鑽探計劃將側重於在項目西側、離力拓礦山最近的目標上(見2023年8月30日的新聞稿)。在最初的目標測試階段,鑽探計劃將評估六個優先目標,包括大約 3,000 米。隨後的鑽探將根據結果進行預算。瞄準基於機載電磁 (AEM) 測量、詳細和存檔的重力數據、詳細的地圖以及歷史地質學彙編的組合。該地區有大量證據表明地表露頭和小型歷史礦山中存在賤金屬礦化,並且位於力拓礦、Aznalcollar礦和Cobre Las Cruces礦等大型火山成因塊狀硫化物(VMS)礦牀的趨勢。
除了在Nuevo Tintillo進行鑽探外,該公司還繼續評估向東走向該物業中心的可能性。勘探小組一直在繪製和描述該地區的巖性和蝕變類型。地質解釋表明,地層學與該項目的西部地區以及更西邊的力拓礦所在的地層學密切相關。
背景
Nuevo Tintillo項目佔地6,875公頃,另外還有7,625公頃的土地有待公司最終批准(更多細節見公司2023年8月30日的新聞稿)。因此,它是Emerita在伊比利亞黃鐵礦帶(IPB)中最大的土地。它位於幾個世界一流的火山成因塊狀硫化物(VMS)礦牀之間,包括力拓、Aznalcollar和Cobre Las Cruces。項目邊界內有七個已知的礦化礦點和幾個歷史悠久的生產礦山。
El Cura Target — 伊比利亞地帶西部項目
該公司計劃暫時暫停在El Cura目標的鑽探,將重點放在Nuevo Tintillo項目上,並繼續高度關注La Romanera的擴建鑽探。在火災限制季節,El Cura的鑽探一直非常緩慢,結果將在化驗完成後公佈。El Cura正在批准額外的鑽井平台,以便在那裏恢復鑽探時使用。
Emerita首席執行官P.Geo的David Gower表示:“這種高分辨率地球物理覆蓋以及地面測繪和勘探相結合,在新廷蒂略西部地區產生了六個極具前景的目標,其中五個已被選中進行首次通過鑽探測試。”
最初的3,000米計劃已獲得批准,並可能擴大到已經設計的11,500米的金剛石鑽探計劃,具體視結果而定。Core將記錄在公司位於古茲曼普埃布拉的加工設施中,樣本將發送到ALS。
合格人員
本新聞稿中的科學和技術信息已由公司總裁、加拿大證券管理局NI 43-101定義的合格人員華金·梅里諾先生審查和批准。
關於埃默裏塔資源公司
Emerita是一家自然資源公司,從事歐洲礦產的收購、勘探和開發,主要專注於在西班牙進行勘探。該公司的公司辦公室和技術團隊位於西班牙塞維利亞,在加拿大多倫多設有行政辦公室。
欲了解更多信息,請聯繫:
文森特·陳
+1 778 990 9433(多倫多)
info@emeritaresources.com