Emerita Resources Corp. announced additional assay results from the ongoing delineation drilling program at La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). Assays have been received for 17 additional drill holes from the 2022-23 delineation drilling at La Romanera. IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. Assay results have been received from 17 drill holes: LR037, LR043, LR045, LR050, LR054, LR056, LR061, LR062, LR071, LR073, LR074, LR079, LR080, LR084, LR088, LR091 and LR098 at La Romanera deposit. The drill hole intercepts reported here are located in the center to the eastern extent of the deposit. The deposit remains open to the east based on these results. Hole LR073 which intersected 33.1 m grading 0.3 % Cu; 3.9 % Pb; 7.7 % Zn; 0.73 g/t Au and 156.3 g/t Ag, including 10.1 m grading 0.2 % Cu; 9.2 % Pb; 10.3 % Zn; 0.96 g/t Au and 240.6 g/t Ag, occurs at the outer limit of the historical drilling and shows the deposits continues to extend eastwards. Six of the drill holes occur within the footprint of the historical drilling and the remainder are outside. Drillingcontinues to intersect significant higher grades in gold and silver relative to the historical mineral resource estimate, in this part of the deposit. The high gold and silver results are occurring over a wider area than previously thought and in both lenses. Intercepts that have been described as stockwork previously and are characterized by millimetre to centimetre scale veinlets that are particularly rich in copper. The Upper Lens was intersected at 355.7 m down the hole and comprises 13.6 m of stockwork mineralization grading 1.4 % Cu; 0.2 % Pb; 0.0 % Zn; 0.29 g/t Au and 21.8 g/t Ag, including 3.7 m grading 3.5 % Cu; 0.3 % Pb; 0.0 % Zn; 0.45 g/t Au and 47.4 g/t Ag. The Lower Lens was intersected at 374.7 m, 13 m below the Upper Lens and encountered 9.3 m of stockwork mineralization grading 0.4 % Cu; 0.5 % Pb; 0.3 % Zn; 0.72 g/t Au and 97.9 g/t Ag, including 3.1 m grading 0.9 % Cu; 0.6 % Pb; 0.1 % Zn; 0.64 g/t Au and 223.0 g/t Ag.
The Lower Lens was intersected at 160.2 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 7.5 m grading 0.1 % Cu; 0.9 % Pb; 3.3 % Zn; 0.89 g/t Au and 31.9 g/t Ag, including 2.6 m grading 0.2 % Cu; 2.1 % Pb; 8.4 % Zn; 1.87 g/t Au and 78.9 g/t Ag. This hole intercepts the Lower Lens only. The hole encountered 31.8 m of sulphide mineralization at 380.4 m down the hole. The most abundant mineral is pyrite. The intersect returned 0.3 % Cu; 0.3 % Pb; 0.1 % Zn; 0.51 g/t Au and 32.5 g/t Ag, including 14.7 m grading 0.4 % Cu; 0.7 % Pb; 0.1 % Zn; 0.94 g/t Au and 66.4 g/t Ag. This hole intercepts the Lower Lens only. The hole encountered 3.5 m of sulphide mineralization at 473.7 m down the hole. The intersect returned 0.6 % Cu; 1.3 % Pb; 5.3 % Zn; 0.67 g/t Au and 57.8 g/t Ag. The Lower Lens was intersected at 245.9 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 32.2 m grading 0.6 % Cu; 0.5 % Pb; 2.3 % Zn; 0.53 g/t Au and 30.4 g/t Ag, including 9.5 m grading 0.1 % Cu; 1.4 % Pb; 6.8 % Zn; 1.48 g/t Au and 75.7 g/t Ag. The Lower Lens was intersected at 126.3 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 2.2 m grading 0.2 % Cu; 1.4 % Pb; 2.6 % Zn; 0.60 g/t Au and 71.4 g/t Ag. The Lower Lens was intersected at 129.0 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 4.4 m grading 0.2 % Cu; 1.1 % Pb; 2.7 % Zn; 0.74 g/t Au and 70.2 g/t Ag, including 2.6 m grading 0.3 % Cu; 1.7 % Pb; 4.0 % Zn; 1.15 g/t Au and 110.1 g/t Ag. The Upper Lens was intersected at 148.2 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 16.3 m grading 0.2 % Cu; 1.5 % Pb; 3.8 % Zn; 0.89 g/t Au and 73.8 g/t Ag. The Upper Lens was intersected at 182.7 m. Between 182.7 m and 195.5 m (12.8m) the mineralization is characterized by polymetallic massive sulphides grading 0.3 % Cu; 1.9 % Pb; 5.2 % Zn; 1.45 g/t Au and 99.1 g/t Ag; and from 195.5 m to 208.5 m (13.0 m) a more pyritic section grading 0.3 % Cu; 0.5 % Pb; 1.6 % Zn; 0.53 g/t Au and 44.9 g/t Ag. The Lower Lens was intersected at 361.7 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 33.1 m grading 0.3 % Cu; 3.9 % Pb; 7.7 % Zn; 0.73 g/t Au and 156.3 g/t Ag, including 10.1 m grading 0.2 % Cu; 9.2 % Pb; 10.3 % Zn; 0.96 g/t Au and 240.6 g/t Ag. The drill hole did not show any significant intersection. The Lower Lens was intersected at 163.8 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 8.7 m grading 0.3 % Cu; 1.4 % Pb; 4.0 % Zn; 0.88 g/t Au and 95.0 g/t Ag. The drill hole did not show any significant intersection. The Lower Lens was intersected at 477.7 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 5.8 m grading 0.2 % Cu; 1.9 % Pb; 3.6 % Zn; 1.00 g/t Au and 112.3 g/t Ag. The Upper Lens was intersected at 160.8 m down the hole. Mineralization is characterized by polymetallic massive sulphides and encountered 4.0 m grading 0.2 % Cu; 2.6 % Pb; 5.9 % Zn; 1.60 g/t Au and 154.0 g/t Ag. The Upper Lens was intersected at 327.0 m down the hole and comprises 7.4 m grading 0.4 % Cu; 1.9 % Pb; 8.5 % Zn; 1.29 g/t Au and 153.3 g/t Ag. The Lower Lens was intersected at 364.1 m, 29.8 m below the Upper Lens, and encountered 2.8 m grading 0.2 % Cu; 0.8 % Pb; 3.2 % Zn; 0.76 g/t Au and 43.0 g/t Ag. The Upper Lens was intersected at 296.0 m down the hole and comprises 7.3 m grading 0.1 % Cu; 1.0 % Pb; 5.9 % Zn; 0.38 g/t Au and 55.9 g/t Ag. The Lower Lens was intersected at 333.8 m, 30.5 m below the Upper Lens, and encountered 4.9 m grading 0.1 % Cu; 1.1 % Pb; 2.6 % Zn; 1.55 g/t Au and 34.0 g/t Ag and at 348.0 m, encountering 6.0 m grading 0.5 % Cu; 2.3 % Pb; 6.8 % Zn; 0.53 g/t Au and 83.1 g/t Ag.