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Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in southern Spain, with a primary focus on developing its high grade copper – zinc – silver deposits at the Iberia Belt West project. The Company’s technical office and technical team are based in Andalusia, Spain with an corporate office in Toronto, Canada.

Expert Comments:

Emerita Resources Corp. shares traded near 15% higher after the company reported step-out drill results from a hole at its La Infanta project in Spain that returned 8.2 m of 2.5% Cu, 17.3% Zn, 8.7% Pb, 223.5 g/t Ag, 0.5 g/t Au. Clarus Securities advised in research note Friday that it is maintaining its "Speculative Buy" rating and CA$4.50/share price target for Emerita's (EMO) shares and stated it sees significant resource expansion potential for the IBW property.
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Adam Schatzker, Research Capital Corporation

"On Oct. 7, 2021, Emerita Resources Corp. announced that the administrative court of Andalusia has notified the company that it will be making a ruling in the administrative case brought to the court by Emerita in November 2015. We believe that the finding of the administrative court may be the final ruling required to reverse the decision to award the rights to Aznalcóllar to Minorbis-Grupo Mexico and grant them to Emerita."

Adam Schatzker, Research Capital Corporation

"Emerita Resources Corp. published a press release updating shareholders on the proceedings regarding the awarding of the Aznalcóllar project. The case appears to be moving forward and in the right direction. . .the company remains confident in its position that it is the only legitimate bidder in the tender process."

Adam Schatzker, Research Capital Corporation

"The drill results Emerita Resources Corp. published today continue to demonstrate the excellent potential of the Infanta project. All holes intersected mineralization with core widths varying between 0.8m and 10.5m (core widths are believed to be 90–95% of true widths). . .the first phase of drilling is now complete."

Adam Schatzker, Research Capital Corporation

"Emerita Resources Corp. released the results of five additional drill holes from its La Infanta deposit. . .hole IN008 stood out from all results (recent and historical), returning 11.1m grading 3.6% copper, 15.1% lead, 27.8% zinc, 319.3 g/t silver and 0.8 g/t gold, which equates to an in situ value of $1,232/t using our long-term commodity price forecasts."

Adam Schatzker, Research Capital Corporation

"The hole Emerita Resources Corp. reported today, IN003, intersected a wide zone of high-grade base metal mineralization: 16.2m grading 1.1% copper, 8.9% zinc, 4.6% lead, 106.8 g/t silver and 0.38 g/t gold starting from 86.2m downhole. It was the deepest intercept reported by the company to date at La Infanta (Emerita believes the true width is approximately 95% of the drill intercept width). . .hole IN003's results are very encouraging."

Adam Schatzker, Research Capital Corporation

"Emerita Resources Corp. announced the results of its first two holes drilled on the La Infanta deposit which is part of the Iberia West Best project. . .both holes intersected mineralization with one hole (IN004) intersecting 7.45m grading 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold from 62.55m, which compares well with the historic resource estimate."

A Clarus Securities report noted Emerita Resources' "IBW project alone offers significant value proposition and mergers and acquisitions appeal," and "a big prize for Emerita will be the awarding of the Aznalcollar [project] public tender."
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As Emerita Resources moves ahead with exploring one high-grade project, a case moving through the Spanish courts may lead it to being awarded another.
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Emerita Resources' projects and upside potential are discussed in a Research Capital Corp. report.
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More Expert Comments

Experts Following This Company

Varun Arora, Analyst – Clarus Securities
Adam Schatzker – Research Capital Corporation

Company News

10/22/2021 – Emerita Commences Trading on the OTCQB in the United States

10/22/2021 – Emerita Intersects 8.2 Meters Grading 2.5% Copper, 17.3% Zinc, 8.7% Lead, 223.5g/t Silver, 0.5g/t Gold in Initial Step-Out Drill Hole at La Infanta Drill Program

10/6/2021 – Emerita Provides Update on Developments in Aznalcollar Court Proceedings, Spain

10/4/2021 – Emerita Intersects 2.4% Copper, 21.1% Zinc, 11.2% Lead, 153 g/t Silver Over 4.5 Meters at Infanta, Provides Update on Geophysical Survey

9/8/2021 – Emerita Intersects 11.1 Meters Grading 3.6% Copper, 27.8% Zinc, 15.1% Lead and 319 g/t Silver at Iberia Belt West Project, Spain

8/20/2021 – Emerita Announces Updated Drill Results

8/19/2021 – Emerita Intersects 3.8% Copper, 30.5% Zinc, 15.6% Lead and 372 g/t Silver Over 5 Meters at Infanta Deposit

8/13/2021 – Emerita Reports High Grade Assays From Initial Drill Holes On La Infanta Drill Program

8/5/2021 – Emerita Announces Application to Uplist to OTCQB Listing in the United States

7/29/2021 – Emerita Announces Stock Option Grants

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
100% ownership of Iberia Belt West (IBW) project with 3 high grade base+precious metal deposits at surface
Fully financed to execute aggressive diamond drill program at IBW in area with operating mines.
Dispute on world class Aznalcollar project expected to be resolved in EMO’s favor Q2
catalyst Calendar
Permitting of drill program on high grade Infanta Deposit, Iberia Belt West Project April 1
Mapping and sampling assays for 3 deposits on IBW (April 15)
Drill results from high grade Infanta deposit (April 30)
Emerita Resources Corp. Content