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TICKERS: EMO; EMOTF; LLJ

Natural Resources Firm Obtains Mining Department Approval for West Iberian Belt Project Drilling
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Emerita Resources reported it received approval for Infanta Deposit drilling from the Huelva Mining Department for its West Iberian Belt Cu-Pb-Zn-Ag project in Spain.

La Infanta Drilling Locations

In a news release, Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) announced that it has been granted approval for its planned drill program's restoration plan at the Infanta Deposit on the Iberia Belt West (IBW) project from the Department of Environment (DOE) in Huelva Province, Spain.

Emerita Resources advised that although the Department of Environment issued the favorable ruling on January 14, 2021, and then forwarded the approved resolution to the Mines Department on the same day, final processing of the resolution was delayed due to an outbreak of COVID-19.

The company explained that as regulations require, "the documentation related to the approved drill site reclamation plan has been published in the Boletin Oficial Junta Andalucia (BOJA) the official gazette and uploaded to the government website where it will be available for public consultation for 30 days." Over the course of the 30-day period, the firm along with the Junta's legal services will address any questions or concerns raised. After the 30-day public review period has elapsed, the company stated that the Mines Department will issue a resolution permitting the commencement of the drill program.

Emerita Resources' President Joaquin Merino, P.Geo., remarked, "We are very excited to commence the drilling on the Infanta Deposit. It's a rare opportunity to drill test such a high grade mineralized zone that occurs at surface in such an historical mining area as the Iberian Pyrite Belt. We have opened our office in Pueblo de Guzman near the IBW project and are ready to proceed with the work. Drill contracts have been tendered and will be awarded prior to the end of the 30 day period."

The firm indicated that the Infanta Deposit area was cleared previously by the DOE for approval by the Mining Department as its land-use classification allows for work to proceed.

The company noted it has contracted with the engineering firm FRASA Ingenieros Consultores, which has offices internationally and in Spain, to prepare the necessary environmental documentation for the west side of the IBW project. The firm said that completion of this documentation is needed to obtain the Autorizacion Ambiental Unificada (AAU), an environmental license required for exploration activities in the area.

The West Iberian Belt Project is located about 70 km west of Seville, Spain, and approximately 50 km from the port city of Huelva. Several base metal occurrences have been identified during prior exploration efforts at the La Infanta project that runs along a strike length of around 18 km. The company stated that Romanera, La Infanta and El Cura are the most significant of these base metal deposits.

According to Emerita, "The Infanta deposit features numerous high grade copper, lead and zinc intercepts, with strong enrichment in silver and locally in gold."

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Emerita Resources. Click here for important disclosures about sponsor fees.
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