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Emerita and Aldesa Update on Plaza Norte Joint Venture in Spain

Mining News - Published on Tue, 13 Aug 2019

Image Source: Emerita Resources Corp
Emerita Resources Corp reported that it has intercepted 4.0 meters grading 9.02% zinc within a wider mineralized zone of 9.5 meters grading 4.57% zinc in the first drill hole to test an area with historical mineralized intercepts at the Plaza Norte zinc-lead project located in the Santillana Syncline, Cantabria Region in northern Spain. The Plaza Norte Project comprises 120 claims covering 3,600 hectares held by Cantabria del Zinc, the joint venture company majority-owned by Emerita and the Aldesa Group. Emerita is the operator of the exploration program at the Plaza Norte Project.

The drilling is focused on evaluating high-grade Mississippi Valley type zinc-lead mineralization in the past producing Reocin mining camp located in Cantabria, northern Spain. Initial drilling is following up on mineralized drill intercepts identified during exploration campaigns completed primarily in the 1980s and 1990s. Analysis of the historical information identified 4 key areas as high priority targets for exploration. These areas are (from north to south): Yuso, Queveda, San Miguel and Mercadal. All of these targets have significant mineralized intercepts, and Mercadal was the site of a past producing mine (Figure 1).

The first phase of the diamond drill campaign is focused on the Queveda target area, where several historical high-grade mineralized intercepts have been identified, including:
S-532 from 557.8m; 18.95m grading 9.72% Zn
S-537 from 560.0m; 3.22m grading 9.82% Zn
S-539 from 588.9m; 6.10m grading 5.70% Zn
S-544 from 557.3m; 5.30m grading 7.74% Zn

The objective of the drill campaign on the Queveda target area is to confirm zinc-lead mineralisation intercepted by historical drill holes and to improve the drill spacing such that an NI 43-101 mineral resource estimate can be calculated for the target. The target area, measures approximately 1,500m north-south by 600m east-west.

Source :

Posted By : Sanju Moirangthem on Tue, 13 Aug 2019
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