EMERITA RESOURCES CORP.
The Technical Report was prepared by
The Technical Report titled 'NI 43-101 Technical Report on the La Romanera and La Infanta Polymetallic Deposits,
Resource Highlights:
Iberia Belt West Initial Mineral Resource Estimate ('MRE')
Indicated 14.07 million tonnes ('Mt') grading 3.29% Zn, 1.66% Pb, 0.46% Cu, 75.2 g/t Ag and 1.39 g/t Au (7.63% ZnEq)
Inferred 4.71 Mt grading 4.70% Zn, 2.14 % Pb, 0.54% Cu, 72.4 g/t Ag and 0.90 g/t Au (9.29% ZnEq)
La Romanera
Indicated 13 Mt grading 2.98% Zn, 1.45% Pb, 0.42% Cu, 74.1 g/t Ag and 1.48 g/t Au (7.08% ZnEq)
Inferred 3.14 Mt grading 4.85% Zn, 1.96 % Pb, 0.45% Cu, 71.3 g/t Ag and 1.16 g/t Au (9.16% ZnEq)
The La Romanera mineral resource estimate was calculated using data from 144 holes comprising 52,750 meters of drilling.
La Infanta
Indicated 1.07 Mt grading 7.10% Zn, 4.24% Pb, 1.03% Cu 88.5 g/t Ag and 0.32 g/t Au (14.32% ZnEq)
Inferred 1.56 Mt grading 4.41% Zn, 2.49% Pb, 0.74% Cu, 74.7 g/t Ag and 0.38 g/t Au (9.55% ZnEq)
The La Infanta mineral resource estimate was calculated using data from 86 holes comprising 19,565 m of drilling.
In calculating the MRE, WAI used a cut off grade of 3% Zinc equivalent ('ZnEq').
Mineralization remains open at both deposits
The MRE confirms the resource starts at or near surface and remains open for expansion at depth and along strike.
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 MRE, the Technical Report, the prospectivity of the IBW project, the mineralization and the IBW project, the economic viability of the IBW project, 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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