Is Emerita Resources a Good Buy?

Emerita Resources Corp. (TSX-V: EMO) (OTCQB: EMOTF) is excited to announce that it is running a successful exploration campaign on the Iberian Belt West (IBW) project located in the famous Iberian Pyrite Belt located in southern Spain. The company has begun expanding its drill campaign on its three properties and recently released assay results stemming from its 2022 delineation drilling program at La Romanera deposit.

The most recent drill rig that has been deployed is capable of drilling more shallow holes on an angle that is meant to increase the time it takes to go through thicker sections of higher grades of mineralization, based on previous intercepts. Previous assay results at the La Romanera property revealed grading of 3.0 g/t gold over 30 meters including 67.6 g/t of silver, and 7.5 meters with 7.2 g/t gold and 41.6 g/t silver.

The company's IBW properties are in close proximity to other major producers such as the Neves-Corvo mine that is owned by Lundin Mining (TSX: LUN). The Neves-Corvo mine is a copper and zinc mine located in Portugal. The mine was first opened in the late 1970s and has been in continuous operation since then. It is known for its high-grade zinc and copper deposits, and has been a significant contributor to Lundin Mining's production and revenue. The mine is part of the Iberian Pyrite Belt, which is a region known for its mineral deposits, including copper, zinc, lead, and gold.

The Romanera deposit was previously owned by Rio Tinto (NYSE: RIO) who did extensive work on it in the 1990’s and reported it to contain 34 Mt with gradeing 0.42% Cu. 2.20%Pb, 2.3% Zn., 44.4 g/t Ag and 0.8 g/t Au within which there are high grade zones.

In its recently announced summary for 2022 and 2023 outlook, EMO stated that they had completed 184 diamond drill holes, with 106 holes at the La Romanera deposit and another 78 holes that were drilled at their second zone on the IBW project called La Infanta. EMO is awaiting on an additional 50 intercepts to add to its database, at which point a NI 43-101 mineral resource estimate may begin to be worked on for both La Infanta and La Romanera. 2023 will see drill testing on Emerita’s third zone on the IBW project, the El Cura zone, while also continuing to drilling at La Romanera and La Infanta.

Emerita Resources Corp. anticipates that the initial NI 43-101 mineral resource estimate for Iberian Belt West is expected to be completed sometime in early Q2 2023. The CEO of EMO Mr. David Gower stated “2022 was a very busy and productive year for the Company and our team made excellent progress in advancing the IBW project towards a potential production decision. 2023 will see the culmination of that effort with completion of the initial NI 43-101 mineral resource estimate, metallurgical testing and commencement of economic and engineering studies. The Company is in a solid financial position to complete the planned work programs.”

So if you're looking for an opportunity to invest in a company with a strong track record of success, look no further than Emerita Resources Corp. With a solid financial position and a potential production decision on the horizon, now is the time to invest in this exciting opportunity.

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