- Emerita Resources Corp. (TSXV:EMO) has begun its diamond drill program at its wholly owned Nuevo Tintillo project
- The drill campaign will start with one rig that will be mobilized next week
- An initial 3,000-metre program has been approved with a potential expansion to an already designed program of 11,500 metres of diamond drilling depending on results
- Emerita Resources Corp. last traded at $0.34 per share
Emerita Resources Corp. (TSXV:EMO) has begun its diamond drill program at its wholly owned Nuevo Tintillo project.
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. The Toronto-based miner says permits for the program and agreements with local landowners are in place.
An initial 3,000-metre program has been approved with a potential expansion to an already designed program of 11,500 metres of diamond drilling depending on results.
The initial drill program at Nuevo Tintillo will focus on six targets that have been identified on the west side of the project, nearest to the Rio Tinto mine. Targeting was based on a combination of airborne electromagnetic surveying, detailed and archived gravity data, detailed mapping, and a compilation of historical geology.
The team has continued to evaluate the potential along strike to the east, towards the centre of the property, in addition to the drilling at Nuevo Tintillo.
Because of the hot and dry summer, the restrictions related to fire prevention in the area were extended to mid-October.
Emerita was awarded the Nuevo Tintillo concessions in June 2021. The Nuevo Tintillo project is hosted in the Iberian Pyrite Belt. Nuevo Tintillo encompasses 145 square kilometres and is Emerita’s largest landholding in the belt. The concessions were previously held by several major companies during the 1980s and 1990s, most recently Boliden Apirsa (PINL:BDNNY).
Emerita Resources Corp. 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.
Emerita Resources Corp. last traded at $0.34 per share.
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