Emerita Resources Corp.

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.

Expert Comments:

Adam Schatzker, Research Capital Corporation

"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."

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.
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Adam Schatzker, Research Capital Corporation

"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%)."

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.
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Adam Schatzker, Research Capital Corporation

"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

"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

"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

"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."

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."
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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.
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Emerita Resources' projects and upside potential are discussed in a Research Capital Corp. report.
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More Expert Comments

Experts Following This Company

Varun Arora, Analyst – Clarus Securities
headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors
Adam Schatzker – Research Capital Corporation

Company News 

11/15/2021 – Eric Sprott Announces Holdings in Emerita Resources Corp. (Formerly Emerita Gold Corp.)

11/12/2021 – Emerita Mobilizing Three Additional Diamond Drills and Reports Intersections in Three Additional Step-Out Drill Holes at Iberia Belt West, Spain

11/8/2021 – Emerita Provides Update Regarding Ongoing Media Reports on Developments in Aznalcollar Court Proceedings, Spain

10/22/2021 – Emerita Commences Trading on the OTCQB in the United States

10/22/2021 – Emerita Intersects 8.2 Meters Grading 2.5% Copper, 17.3% Zinc, 8.7% Lead, 223.5g/t Silver, 0.5g/t Gold in Initial Step-Out Drill Hole at La Infanta Drill Program

10/6/2021 – Emerita Provides Update on Developments in Aznalcollar Court Proceedings, Spain

10/4/2021 – Emerita Intersects 2.4% Copper, 21.1% Zinc, 11.2% Lead, 153 g/t Silver Over 4.5 Meters at Infanta, Provides Update on Geophysical Survey

9/8/2021 – Emerita Intersects 11.1 Meters Grading 3.6% Copper, 27.8% Zinc, 15.1% Lead and 319 g/t Silver at Iberia Belt West Project, Spain

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
100% ownership of Iberia Belt West (IBW) project with 3 high grade base+precious metal deposits at surface
Fully financed to execute aggressive diamond drill program at IBW in area with operating mines.
Dispute on world class Aznalcollar project expected to be resolved in EMO’s favor Q2
catalyst Calendar
Permitting of drill program on high grade Infanta Deposit, Iberia Belt West Project April 1
Mapping and sampling assays for 3 deposits on IBW (April 15)
Drill results from high grade Infanta deposit (April 30)
Emerita Resources Corp. Content