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.
Emerita Resources Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
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Emerita Resources has announced its plans focused on the west side of the Nuevo Tintillo project. Read on to see what this company is doing as gold prices are set to rise.
A Canada-based natural resource company releases an NI 43-101 compliant report on two of its deposits in Spain; mineralization remains open at both deposits.
In May on Streetwise, one company announced results of an MRE that saw 614g/t silver equivalent. Another company released assay results showcasing 225.0 g/t Ag over 4.5m. Read one to see the top news in gold on Streetwise last May.
Emerita Resources Corp. has released its maiden NI 43-101 mineral resource estimate on the Iberian Belt West Project. Read on to see the large quantities of valuable metals reported, and how much potential remains at IBW.
Today we review the most impressive drill and resource estimate results reported on Streetwise Reports in April. Read to see the results and what experts are saying about some of these prolific mining companies.
Emerita has released assay results from its drilling on the Iberian Belt West project. Click here to find out how many pounds of gold the company found.
Emerita Resources Corp. has released assay results from two of its properties on the Iberian West Belt. Click here for insight into the results and their future plans for other deposits.
Earlier this month Emerita Resources Corp. announced it had made new finds at one of the oldest mining sites in history. Read more to see the release, what experts are saying, and where the company is headed for the rest of 2023.
Uncertainty about this Spanish asset remains, but the Canadian explorer has other projects in the country providing value and upside, noted a Research Capital Corp. report.
Expert Dr. Jim Jones shares his extensive research on Emerita Resources Corp. to tell you why he believes this is only the tipping point for the company and what catalysts he sees up and coming.
Given the amount of drilling happening at this Spanish project and the new drill data so far, it is likely the new resource estimate will exceed the historical one, noted a Research Capital Corp. report.
With 13 active drill rigs at its project in Spain, this Canadian mining firm should continue announcing results over the near term, noted a Research Capital Corp. report.
Friday, Emerita Resources Corp. announced drill results for its fully-permitted La Romanera deposit at its 100%-owned Iberian Belt West project (IBW). Read to discover the latest results and why President Joaquin Merino is continuing to accelerate its Romanera drill program.
Deposit upside at this polymetallic project in Spain is indicated by the historical mineral resource and past and current drill results, noted a Research Capital Corp. report.
Emerita Resources Corp. reported drill results from five new holes at its Iberian Belt West Project in Spain. Research Capital Corp. commented in a research note that Emerita is proceeding with its aggressive 2022 drill program and expects to resume around-the-clock drilling within the next two weeks. The research firm stated it is maintaining its Speculative Buy rating on the company.
Results of Emerita Resources Corp.'s first drill hole there suggest the prospective potential of this high-grade project, noted a Clarus Securities report.
These standout grades from Emerita Resources Corp.'s Romanera project could indicate the presence of a large mineralized zone at this Spanish mining project, noted a Research Capital Corp. report.
Mining along the Iberian Peninsula has occurred for thousands of years. Today, one company is again exploring the Iberian Pyrite Belt as part of an effort to quickly build a resource and join the ranks of Spain’s metals producers.
Emerita Resources Corp. has an ambitious goal of completing 70,000 meters using six rigs at their Spanish project, and recent electromagnetic surveys indicate even greater potential than originally thought.
The Spanish administrative and criminal cases concerning the 2015 granting of a mining project tender now will be heard consecutively rather than simultaneously, noted a Research Capital Corp. report.
Spain’s Andalusia region is known for its seafood, olive oil, and Moorish architecture. It’s also known for having one of the world’s most prolific mining belts — the Iberian Pyrite Belt. One junior explorer has some of the most prospective mining concessions in that belt, with Spain’s courts about to give it yet one more — and it comes with a big historical resource.
Emerita Resources Corp. recently announced encouraging step-out drilling results from its Iberia Belt West property in Spain. The firm is now activating three new diamond drilling rigs to accelerate exploration work. Clarus Securities Inc. commented in a research note that it is maintaining its "Speculative Buy" rating for the company and due to higher commodity market prices is raising its price target for the firm's shares to CA$5.00.
Emerita Resources Corp. issued an update regarding the status of two ongoing independent court cases in Spain and its prospects for winning the tender for the Aznalcóllar project. Research Capital Corp. commented in a research note that it believes the company has at least an 80% probability of being successful in the cases and is maintaining a "Speculative Buy" rating for the company.
Emerita Resources Corp. shares traded nearly 15% higher after the company reported step-out drill results from a hole at its La Infanta project in Spain that returned 8.2m of 2.5% Cu, 17.3% Zn, 8.7% Pb, 223.5 g/t Ag, 0.5 g/t Au. Clarus Securities advised in a 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.
Clarus Securities Inc. advised in a research report that Emerita Resources Corp.'s recent infill drill results at its La Infanta Project in southern Spain demonstrate significant expansion potential. Clarus stated it is maintaining Emerita's "Speculative Buy" rating and 12-month price target of CA$4.50/share.read more >
Clarus Securities Inc. stated in a research report that Emerita Resources Corp.'s initial drill results from La Infanta confirm historic high grades and represent a resource with significant growth potential.read more >
A Research Capital Corp. report noted "there remains upside as [Emerita Resources] continues drilling on the IBW project and the Aznalcollar dispute approaches a conclusion."read more >
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."read more >
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.read more >
A Research Capital Corp. report discusses how Spanish court decisions affect Emerita Resources and why it believes the company is an excellent vehicle for investors to gain exposure to very promising base metal projects in Spain.read more >
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.read more >
Emerita Resources provided details of the planned drill program for its West Iberian Belt Cu-Pb-Zn-Ag Property in Spain.read more >
Expert Comments:
Clive Maund, CliveMaund.com
(8/13/23)
"Emerita Resources Corp. just broke out of a fine head-and-shoulders bottom on good volume, but there is still plenty more to go. . .the five big white candles on strong volume over the past month or so are bullish. Thus the company is viewed as a Strong Buy here."
Dean Bristow, Investor Intel
(7/26/23)
"Emerita Resources Ltd.'s total land position in the Iberian Pyrite belt in Spain is 26,000-plus ha, representing one of the largest mineral exploration holdings in the European Union. . .the company is well funded with plenty of ongoing exploration continuing to generate news over the coming weeks and months."
SADIF Investment Analytics
(5/30/23)
"Emerita Resources Corp. is a high quality company. The current market sentiment in relation to it is positive with favorable technical indicators, positive estimates and an attractive valuation. . .the company's likelihood to outperform the market is well above average."
Varun Arora, Clarus Securities
(5/24/23)
"Emerita Resources Corp.'s IBW maiden resource estimate puts it in the league of high-quality projects advancing towards production. . .the global resource (Measured & Indicated [M&I] plus Inferred) was based on only [the] Romanera and Infanta deposits and came in at 18.8 Mt at about 8% Zn eq. . .with about 75% of the resource in the M&I category, we believe this is a robust resource."
Stockwatch
(5/24/23)
"Emerita Resources Corp. has a maiden resource estimate for its Iberian Belt West polymetallic project. . .the company lists 14.07 Mt Indicated at 1.39 g/t gold and 75 g/t silver plus 3.29% zinc, 1.66% lead and 0.46% copper. Another 4.71 Mt are Inferred at lower precious metals grades but with higher values of base metals."
Clive Maund, CliveMaund.com
(3/12/23)
"The charts for Emerita Resources Corp. look increasingly positive. . .with a trend of higher highs, higher lows and momentum swinging positive, the company appears to be readying for a new bull market. . .Emerita is a Buy here."
More Expert Comments
Adam Schatzker, Research Capital Corporation
(11/28/22)
"We believe that Romanera is currently the centerpiece of Emerita Resources Corp. and offers significant upside potential for investors. . .Infanta has value to the company given the past successful exploration and potential to increase the resource in the future."
Adam Schatzker, Research Capital Corporation
(11/3/22)
"Overall, the results Emerita Resources Corp. published today from Romanera help expand the footprint of the deposit with the intercepts that lie outside of the historical resource. . .we think the company's future mineral resource estimate will likely improve on the historical estimate, and we see the opportunity for it to grow with the results Emerita has produced from drill intercepts outside the historical resource."
Clive Maund, CliveMaund.com
(10/16/22)
"Emerita Resources Corp. looks like a recovery situation with the potential for large percentage gains. . .the dip of the past week is regarded as 'the cherry on the cake' as it provides a better entry point for buyers. This is a new one for us which is rated a Strong Speculative Buy."
Adam Schatzker, Research Capital Corporation
(10/14/22)
"Overall, we think that Emerita Resources Corp.'s drilling is successfully demonstrating the validity of the historic resource while highlighting the potential to significantly increase the size of the Romanera deposit. Given the significant number of drills and effort the company is putting into Romanera, we think Emerita should be able to generate a new, updated mineral resource estimate in 2023."
Adam Schatzker, Research Capital Corporation
(10/3/22)
"Emerita Resources Corp. increased the number of drills operating at Romanera to 13 from 10 previously. . .we think results of two new drill holes, LR019 and LR023, overall are positive and demonstrate the possible continuity of the Romanera deposit to the west of the historic resource. . . .it appears that Romanera is open to the west and at depth."
Adam Schatzker, Research Capital Corporation
(9/15/22)
"Emerita Resources Corp. released the results of the latest three drill holes from the Romanera deposit. . .the holes appear to be in line with historical results and drilling carried out by the company in 2022. Drill hole LR014 returned the best results of the three holes with intercepts in both the upper and lower lenses of: 15.1m grading 0.3% copper, 1.3% lead, 6.6% zinc, 0.13 g/t gold, 61.1 g/t silver and 6.1m grading 0.3% copper, 2.1% lead, 10.1% zinc, 0.68 g/t gold, 98.4 g/t silver, respectively."
Adam Schatzker, Research Capital Corporation
(9/9/22)
"Emerita Resources Corp.'s holes LR009 and LR013 at the Romanera deposit returned wide intercepts with good grades (when compared to the historical resource estimate of 34 Mt grading 0.42% copper, 1.1% lead, 2.3% zinc, 0.8 g/t gold and 44 g/t silver). . .LR009 returned two wide intercepts of 6.7m grading 0.3% copper, 1.4% lead, 4.2% zinc, 0.84 g/t gold and 102.4 g/t silver.
Adam Schatzker, Research Capital Corporation
(8/22/22)
"Emerita Resources Corp.'s drill results to date at Romanera have been very encouraging. We think that unless the deposit changes significantly with future drilling, the future resource will be better than the historic one (at least for grade, we think it is too early to make a comment on tonnage)."
Varun Arora, Clarus Securities
(8/4/22)
"Infill drilling at Emerita Resources Corp.'s Romanera continues to return strongly economic results (up to $477/t in situ value included in LR005) with wide and high grade intercepts. . .in addition, maiden stepout drilling, 100m east of the historic drilling, has successfully demonstrated continuation of the mineralization at Romanera."
Adam Schatzker, Research Capital Corporation
(8/4/22)
"At Emerita Resources Corp.'s Romanera, two holes were reported that returned assay results that appear to be in line with historical results, except the precious metal values appear better than one would have expected based on historical data. . .we think that Romanera is developing well for its stage of exploration."
Adam Schatzker, Research Capital Corporation
(6/23/22)
"The first hole Emerita Resources Corp. reported from Romanera was quite impressive. . .drill hole LR-002 intersected 14.3m of massive sulphides grading 7.61 g/t gold, 311.1 g/t silver, 3.0% zinc, 2.9% lead and 0.4% copper. . .the company notes that the upper part of the historic resource was never assayed for gold; this appears to present some significant and unexpected upside potential at Romanera."
Adam Schatzker, Research Capital Corporation
(6/8/22)
"Emerita Resources Corp. commenced drilling at Romanera, something the company has been waiting for for a long time. . .hole LR 002 intersected 14.2m of massive sulphides from 138.2–148.5m. . .Emerita plans to drill the Romanera deposit to upgrade the historical resource to one that is NI 43-101 compliant."
Adam Schatzker, Research Capital Corporation
(5/17/22)
"Emerita Resources Corp. announced that it is accelerating its diamond drill program for the Romanera deposit (part of the Iberia Belt West project) and that the company is shifting its focus to Romanera. Emerita plans to drill 70,000m in 2022 with the goal of delineating the deposit and accelerating the project toward a production decision."
Adam Schatzker, Research Capital Corporation
(5/4/22)
"Emerita Resources Corp. announced that the Administrative Superior Court of Andalusia has agreed to the company's request to withhold its resolution with respect to the Aznalcóllar administrative case until the Criminal Court trial is resolved. . .waiting for the criminal case may strengthen Emerita's position."
Varun Arora, Clarus Securities
(5/3/22)
"We believe the big prize for EMO will be the awarding of the world class, past-producing Aznalcollar mine that is the subject of an ongoing criminal legal dispute. . .as investors wait for the court decisions, drilling/exploration news flow will be ramping up from the recently permitted Romanera and El Cura projects as well as from the 100%-owned Neuvo Tintillo asset."
Adam Schatzker, Research Capital Corporation
(4/26/22)
"Emerita Resources Corp. announced that the permitting process for drilling at Romanera and El Cura has concluded and the company is mobilizing diamond drills immediately to both deposits. Four rigs are being moved to Romanera, and the other four will be split between El Cura and Infanta."
Adam Schatzker, Research Capital Corporation
(3/8/22)
"Emerita Resources Corp. announced that it believes the permitting process for the drill program at Romanera and El Cura is nearing a conclusion, and the company expects to commence drilling in the coming weeks. . .Emerita reported that drilling on Infanta North (which has never been drill tested) has intersected sulphide mineralization over a strike length of 300m and at a depth of more than 300m (assays pending)."
Adam Schatzker, Research Capital Corporation
(1/28/22)
"Emerita Resources Corp. published the results of its geophysical surveys covering Infanta, El Cura and Romanera. Six areas with significant transient electromagnetic anomalies have been identified (two of which are known to be mineralized: Infanta and Romanera); these results imply that there may be a number of other deposits yet to be discovered."
Stephan Bogner, Rockstone Research
(12/22/21)
"Emerita Resources Corp. is a well-respected local company with an impressive number of Spanish employees running the day-to-day business in a highly professional manner. . .all told, Emerita is an authentically thriving Sevillian company with deep local roots expanding at an accelerating pace."
Adam Schatzker, Research Capital Corporation
(12/2/21)
"Last week we attended a site visit of Emerita Resources Corp.'s Iberia West project in Spain; the visit gave us the opportunity to review the core from the drilling at Infanta as well as visit Infanta, Romanera and El Cura. We were very impressed with the geological upside of the Iberia West project and the potential for the company to make discoveries along the 10 km trend from Infanta to Romanera."
Adam Schatzker, Research Capital Corporation
(11/12/21)
"The most important discovery, in our view, made by the three holes Emerita Resources Corp. drilled to the north of historical holes at Infanta is that the deposit is faulted by a reverse fault that has caused
mineralization to the north to be faulted upward. As a result, all three drill holes intercepted two zones of mineralization referred to as the South and North blocks; the faulting appears to steepen the deposit in the North block."
Adam Schatzker, Research Capital Corporation
(11/8/21)
"On Nov. 8, 2021, Emerita Resources Corp. provided insight and interpretation of the recent legal news from the Spanish courts. It would appear that the two fronts (criminal trial and administrative court) are developing positively and independently, both of these tracks are promising. . .we believe that the market is discounting a near 100% probability that the company wins the tender for Aznalcóllar (we are assuming 80%)."
Adam Schatzker, Research Capital Corporation
(10/22/21)
"Emerita Resources Corp.'s hole IN018 produced fairly splashy results and, more importantly, the hole was drilled outside of the historic limits of the deposit, indicating that the strike of the deposit
continues to the west (by at least 50m). . .IN023, drilled 50m west of IN018, intersected two zones of massive sulphides. . .we continue to be very impressed by the drill results from Infanta, and we are of the opinion that it will most likely become an economic deposit given its size, grade and location in the prolific Iberian pyrite belt."
Adam Schatzker, Research Capital Corporation
(10/8/21)
"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
(10/6/21)
"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
(10/4/21)
"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."
9/12/2023 – Emerita Resources Files Exploitation Licence Application for the IBW Project
8/30/2023 – Emerita Announces Planned Drilling Program at Nuevo Tintillo Project, Spain
8/9/2023 – Emerita Intersects 11.7 Meters Grading 2.9% Copper; 0.28 g/t Gold and 7.9 g/t Silver, and 8.7 Meters Grading 2.5% Copper; 0.3% Zinc; 0.36 g/t Gold and 14.0 g/t Silver Within a 68.5 Meter Mineralized Zone that Grades 1.0% Copper, Extending La Romanera Depo
7/19/2023 – Emerita Intersects 42.2 Meters Grading 0.3% Copper; 1.0% Lead; 2.0% Zinc; 2.44 g/t Gold and 70.4 g/t Silver, Including 7.3 Meters Grading 0.3% Copper; 2.0% Lead; 2.2% Zinc; 8.11 g/t Gold and 114.2 g/t Silver Extending La Romanera Deposit at Depth - Inters
7/6/2023 – Emerita Resources Files NI 43-101 Technical Report on the IBW Project
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