Emerita Resources Corp. Announces Updated Mineral Resource Estimate for Iberian Belt West Project
Toronto, March 17, 2025 – Emerita Resources Corp. (TSX-V: EMO, OTCQB: EMOTF, FSE: LLJA) (the “Company” or “Emerita”), a mineral exploration and development company, is thrilled to share the results of an updated independent Mineral Resource Estimate (MRE) for its 100%-owned Iberian Belt West project (IBW) located in western Spain. The MRE was completed by Wardell Armstrong International Limited (WAI), part of SLR Consulting.
Significant Increase in Indicated and Inferred Resources
The new MRE represents a substantial increase in the total Indicated and Inferred resources at IBW. The following table summarizes the key mineral resource estimates:
| Total | Indicated | Inferred | |
|---|---|---|---|
| Zinc (Mt) | 1.75 | 1.11 | 0.64 |
| Lead (Mt) | 1.28 | 0.85 | 0.43 |
| Silver (Moz) | 18.3 | 11.9 | 6.4 |
| Gold (Moz) | 0.5 | 0.3 | 0.2 |
The increase in resources is attributed to the incorporation of new drilling data, improved geological understanding, and updated mineralization models.
Impact on Emerita and the Mining Industry
These updated resource estimates significantly strengthen Emerita’s position in the European zinc-lead market. The Company’s asset base now ranks among the largest undeveloped zinc-lead deposits in Europe. This development is expected to:
- Position Emerita as a major player in the European zinc-lead market.
- Attract potential strategic partnerships and collaborations.
- Provide a solid foundation for the Company’s growth strategy.
- Contribute to the European Union’s goal of reducing reliance on imported minerals.
Impact on the World
The mining industry will experience several positive effects due to Emerita’s updated MRE:
- Increased competition in the European zinc-lead market.
- Supply of domestically sourced minerals, reducing reliance on imports.
- Contribution to the European Union’s green initiatives, as zinc and lead are essential components in various green technologies.
- Creation of new jobs and economic opportunities in the region.
Conclusion
Emerita Resources Corp.’s updated Mineral Resource Estimate for the Iberian Belt West project represents a significant milestone in the Company’s growth strategy. The substantial increase in Indicated and Inferred resources positions Emerita as a major player in the European zinc-lead market. The positive impact on the industry includes increased competition, reduced reliance on imports, and economic opportunities. The world will benefit from this development through the creation of new jobs, supply of domestically sourced minerals, and contribution to green technologies.
Emerita remains committed to responsible exploration, development, and production of its mineral resources, ensuring a sustainable future for the Company and the communities it serves.
