Jul 22 2016
Emerita Resources Corp. is pleased to announce that it has commenced exploration on its 100% owned Sierra Alta Gold project located in the Asturias Region of northwestern Spain.
About the Project
The Project is comprised of 2,500 hectares in the "Navelgas Gold Belt". The Project is in a comparable geological environment to the El Valle-Boinas and Carles gold mines which operates 35 km to the east of the Project. Gold mineralization in the area typically occurs in high grade epithermal veins, skarns and as intrusive related gold deposits. High grade gold samples in bedrock were identified by Emerita during the initial property assessment with grades of up to 10.65 g/t gold (news release dated March 21, 2014).
The area is characterized by extensive ancient Roman gold mine workings that align for over 10 km along a NNE - SSW striking structure, of which the two largest historical excavations along this trend occur within the Emerita property boundary (see Emerita's website for photos of the workings).
Planned Exploration Program
The initial exploration program will consist of detailed geological mapping, bedrock sampling and trenching, where required. The program is designed to identify and evaluate areas with high grade gold mineralization along more than four kilometers of strike length and prioritize the target areas for diamond drilling in a subsequent program. The initial area of focus is characterized by a high density of ancient Roman mining excavations which are distributed along a geological structure that appears to control the distribution of the mineralization. In addition, soil geochemical surveys completed by Rio Narcea in the 1990s identified a series of strong gold anomalies on the property with values in the soil samples of up to 1.2 g/t gold. Rio Narcea reports have identified very high grade bedrock samples with values of 338 g/t gold and 48.96 g/t gold within the area of the geochemical anomalies. Except for initial work undertaken by Emerita, only limited follow up work has been completed subsequent to the exploration program by Rio Narcea. Readers are cautioned that the Rio Narcea historical records have been examined but not verified by a qualified person. Further work is required to verify that these historical samples are accurate.
There are two main gold geochemical anomalies within Emerita's property (see Figure 2). The anomaly in the North is approximately 3.0 km long by 300 m wide and the one in the South is approximately 1.5 km long by 200 m wide. The current exploration campaign is focused on the Northern anomaly where there is a high concentration of ancient mining excavations.
Joaquin Merino, CEO of Emerita, commented: "We are excited to get this exploration program underway. The combination of modern geochemical anomalies and extensive Roman mining excavations, the largest of which is hundreds of metres in length combined with high grade samples in bedrock, make this a very compelling and highly prospective target. We expect to have initial assay results from the exploration program by mid-August."
Source: http://emeritaresources.es/