Emerita Reports the Environment Department in Huelva Province Has Published a Resolution Approving Drilling the West Side of the IBW Project Including Romanera Deposit
January 10 2022 - 7:00AM
Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) announces that the Andalucian
Environment Department in Huelva Province has issued its resolution
and published it in the official gazette approving the Company’s
diamond drill plan for the west side of the Iberia Belt West (“IBW”
or the “IBW Project”) project on January 7, 2022 such that the
entire Project is now permitted for drilling. This portion of the
IBW Project hosts the large Romanera deposit and the El Cura
deposit and as such this is an important step for the ongoing
evaluation of the IBW Project. The publication in the gazette marks
the commencement of a 30 business day period during which the
reclamation plan for the drill sites are published on the
government web site and available for comment. The application
process in Spain requires a comprehensive exploration plan as well
as a reclamation plan for the drill pads and the reclamation plan
is published on the government web site for public viewing for a
period of 30 days prior to issuing the permits. Permitting the west
side of the project required a more involved process than the
Infanta area where the Company has been drilling. The Company
completed all studies required by the process including
archaeological, flora and fauna studies and has written support
from the two municipalities, Pueblo de Guzman and Paymogo, that
encompass the project included in the filing documents. Once
issued, the permits are valid for the duration of the license.
The Company already has agreements arranged with
local landowners for access to the drill sites in order that work
can commence immediately upon receiving the permits. Emerita
presently has a contract for five drills on the IBW Project and
will add three more drills bringing the total to eight, to coincide
with the issuing of this permit in order to complete the drilling
required for a NI 43-101 compliant mineral resource estimate as
quickly as practical.
According to David Gower, P.Geo., CEO of
Emerita, “This is a very exciting development for the Company. It
provides access to two additional deposits for diamond drilling and
given there are already 50 drill holes in Romanera, the geological
model for the deposit is well understood. Our team along with our
environmental consultants and government officials have worked
diligently and carefully to produce an excellent environmental plan
for the responsible exploration of the area. We greatly appreciate
the support of the municipalities and are already setting up
facilities in Paymogo and Pueblo de Guzman to support the
program.”
About Emerita Resources
Corp.Emerita is a natural resource company engaged in the
acquisition, exploration and development of mineral properties in
Europe, with a primary focus on exploring in Spain. The Company’s
corporate office and technical team are based in Sevilla, Spain
with an administrative office in Toronto, Canada.
For further information, contact:
Joaquin Merino+34 (628) 1754 66 (Spain)
Helia Bento+1 416 566 8179
(Toronto)info@emeritaresources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the legal processes in Spain, the
timing of permits for the IBW Project, the exploration of the IBW
Project, the prospectivity of the IBW Project, the Company’s access
to drill rigs, the timing of a NI 43-101 compliant mineral resource
estimate and the Company’s future plans. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Forward- looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Emerita, as the case may
be, to be materially different from those expressed or implied by
such forward-looking information, including but not limited to:
general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. Although Emerita has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers 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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SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
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ACCURACY OF THIS RELEASE.
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