Emerita Resources' (EMO.V) drill hole IN095 intercepted 7.2 meters (m) grading 1.0% copper, 4.0% lead, 7.5% zinc, 0.13 grams per tonne (g/t) gold and 83.32 g/t silver at its La Infanta deposit, it said on Tuesday.
Drill hole IN093 intercepted 16.9m grading 0.2% copper, 1.5% lead, 1.9% zinc, 0.11 g/t gold and 9.29 g/t silver, including 4.8m grading 0.6% copper, 3.0% lead, 3.8% zinc, 0.12 g/t gold and 21.28 g/t silver, and exploration drill hole INN08 intercepted 2.8m grading 0.3% copper, 0.7% lead, 1.7% zinc, 0.31 g/t gold and 18.9 g/t silver in a deep test of the La Infanta deposit, it added.
"These results further demonstrate that mineralization at the IBW project has continued potential to expand in size and tonnage" said Emerita Resources President Joaquin Merino. "With the recent announcement of the Autorizacion Ambiental Unificada going into public hearings, the Company continues to advance the Project at all levels as we strengthen IBW both technically, environmentally, and with respect to its social license."
The company has paused its drilling campaign for the summer season. Emerita is also evaluating all of its projects to generate the most prospective drilling targets with the recently renewed exploration permits for San Antonio and Nuevo Tintillo projects, and with the large amount of technical information collected by the company at IBW through continued drilling since 2021, it said.
Shares of the company closed down 3.1% to $0.315 on Monday on the TSX Venture Exchange.