Emerita contains 14.0 meters of grade 4.3% copper within 26.8 meters, grades 2.6% copper at La Romanera deposit, increases number of drills at IBW project to 13, The Canadian Business Journal

TORONTO, September 30, 2022 (GLOBE NEWSWIRE) — Emerita Resources Corporation (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) further analyzes from the 2022 draw drilling at the La Romanera deposit of the Iberia Belt West Project, which is wholly owned We are pleased to announce the results. (“IBW” or “Project”). IBW has three of his previously identified large sulfide deposits. La Infanta, La Romanera and El Cura. All deposits are extendable in depth along strike. The company also announced that he continues to accelerate drilling at IBW, having increased the number of drilling rigs from 10 to 13. Six drilling companies participate in this program.

Analytical results were obtained from two boreholes (LR019 and LR023) in the La Romanera deposit reported below.

Drill hole LR019:

Bore LR019 interrupted a large amount of sulfide mineralization along section 6525E. The borehole encountered two of her lenses that make up the La Romanera deposit.

The top lens intersects at 302.0 m of the hole and consists of 31.0 m of grading 0.2% Cu. 0.5% lead; 0.6% zinc; contains 1.7 g/t Au and 37.4 g/t Ag 9.7 m grading 0.3 % Cu; 0.5% lead; 0.7% zinc; 3.4 g/t Au and 32.1 g/t AgThe Lower Lens was intercepted and met at 345.7 m, 18.9 m below the Upper Lens. 26.8 m grading 2.6 % Cu; 0.5% lead; 1.1% zinc; 0.3 g/t Au and 28.6 g/t Ag, 14.0 m grading 4.3 % Cu. 0.8% lead; 1.7% zinc; 0.3 g/t Au and 41.7 g/t Ag). Historical drilling in this area on the western side of the deposit stopped short of the lower lens and intersected only the upper lens (Fig. 3).

Both lenses are thick in this area of ​​the sediment. The lower lens occurs to the west and outside of the historic excavation area (Figures 2 and 3). Massive sulfides include chalcopyrite, sphalerite, galena and pyrite. The upper lens has a high gold value, which has been observed in other boreholes drilled in the area and was not included as part of the historical assessment of the mineral resource deposits. Copper prices are very high. This is the first interception of more than his 4% copper drilled at La Romanera within the Emerita or Historical Borehole Database. The closest historical drill hole through the lower lens is about 100 m to the west. A longitudinal section of the lower lens (Figure 3) shows the historical drill hole intercept footprint.

Joaquín Merino, Honorary Chairman of P.Geo, said: Historic drilling has been done over many campaigns by multiple operators. The approach seems to be inconsistent across campaigns and understanding of geology has evolved over time. Certain holes were found to have large amounts of sulfide but were not analyzed. Emerita confirms high gold values ​​in the area of ​​the upper lens. For example, the parts that weren’t sampled in Historical Hall were visually due to the low metal content of her base. In other regions of the deposit, Emerita intersects with her two lenses, and historical databases only have data pointing to a single lens. As we continue to accelerate our drilling program, we look forward to providing NI 43-101 Compliant Mineral Resource Quotations. ”

Drill hole LR023:

Drillhole LR023 interrupted significant sulfide mineralization at approximately 250 m below the surface along section 6550E. It is located approximately 50m above borehole LR019. It also intercepts two lenses. The top lens originates from 281.7 m and has a grading of 0.4 % Cu at 12.6 m. 0.3% lead; 0.2% zinc; 1.0 g/t Au and 22.3 g/t Ag. The bottom lens intersected 23.4 m below the top lens containing 5.3 m grading 0.9% Cu. 1.2% lead; 1.9% zinc; 1.0 g/t Au and 65.7 g/t Ag. In this hole the bottom lens has a higher base metal grade than the top lens and similar gold grades.

To date, 33 boreholes have been completed at the La Romanera deposit, which is the main focus of the IBW program. There are currently 12 additional boreholes in the lab, with 12 additional boreholes underway at La Romanera. The company keeps one of his Linefanta rigs for infill drilling. Temperatures are dropping rapidly, removing fire hazard restrictions and increasing drilling efficiency. The company has also incorporated his third core shack in the same industrial area to store core boxes.

Figure 1: Location diagram of drill holes LR019 and LR023.
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Figure 2: Vertical longitudinal section of the Upper Lens La Romanera deposit. The dotted outline indicates the approximate area covered by the historical Mineral Resource estimate of 34 million tons. The drill intercepts shown are from Emerita’s drill campaign, not past drill holes.
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Figure 3: Vertical longitudinal section of the lower lens of the La Romanera deposit. The dotted outline indicates the approximate area covered by the historical Mineral Resource estimate of 34 million tons. The drill intercepts shown are from Emerita’s drill campaign, not past drill holes. A historical drill hole that intersected the upper lens in the region of LR019 was stopped before intersecting the lower lens.
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Table 1. Diamond drill hole data: La Romanera.

DDH	east wing	northern distance	elevation	Azimuth	immersion	depth (Moon)	from	To	width (Moon)	Cu_%	Pb_%	Zn_%	Au_g/t	Ag_g/t	lens
LR019	646593	4172590	148	203	-47	384.6	302.0	333.0	31.0	0.2	0.5	0.6	1.70	37.4	UL
tax included							317.2	326.8	9.7	0.3	0.5	0.7	3.37	32.1	UL
LR019							345.7	372.5	26.8	2.6	0.5	1.1	0.28	28.6	LL
tax included							357.0	371.0	14.0	4.3	0.8	1.7	0.33	41.7	LL
LR023	646593	4172590	148	190	-54	348.5	281.7	294.3	12.6	0.4	0.3	0.2	1.07	22.3	UL
LR023							317.7	322.9	5.3	0.9	1.2	1.9	0.98	65.7	LL

LL= La Romanera lower lens, UL= La Romanera upper lens

qualified person

The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, President of the Company as defined by the Canadian Securities Administrator’s NI 43-101 and a qualified person, Mr. P.Geo. I’m here.

A Qualified Person, as defined in National Instrument 43-101, has not performed sufficient work on behalf of Emerita to classify the historical estimates reported above as current mineral resources or mineral reserves. and Emerita does not treat historical estimates as current Mineral Resources or Minerals. To reserve. You should not rely on past estimates.

About Emerita Resources

Emerita is a natural resources company engaged in the acquisition, exploration and development of mineral properties in Europe, with a focus on exploration in Spain. The company’s headquarters and technical team are located in Seville, Spain, with administrative offices in Toronto, Canada.

For more information, please contact:

Joaquin Merino
+34 (628) 1754 66 (Spain)

Vincent Chen
+1 778 990 9433 (Toronto)
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, the mineralization of the IBW Project. timing of assay results; project prospects; timing and ability of the Company to produce his NI 43-101 compliant mineral resource estimates, and our future plans. Forward-looking information is generally disclosed using forward-looking terms such as “plans,” “expects,” “does not expect,” “expects,” “budget,” “planned,” and “estimate.” can be identified using “predict,” “intend,” “predict,” “do not predict,” or “believe,” or variations of such words or phrases, or that a particular action, event, or outcome “may” ‘, ‘could’, ‘could’, ‘could’, ‘may’ or ‘obtained’, ‘occurred’ or ‘achieved’. Forward-looking information involves known and unknown risks, uncertainties and actual results and, in some cases, Emerita’s level of activity, performance or achievements may differ materially from those expressed or implied by such information. Subject to other factors that may be contributing factors. Forward-looking information, including but not limited to general business, economic, competitive, geopolitical and social uncertainties. actual results of current exploration activities; risks associated with operating in a foreign jurisdiction; Ability to successfully integrate purchased properties. foreign operations risks; and other risks inherent in the mining industry. Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and does not disclose any factors that could cause results to differ from those anticipated, estimated or intended. There may be other factors that make There can be no assurance that such information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements. You 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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