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Emerita Resources Corp.
Summary
| Project: | Plaza Norte | |
|---|---|---|
| Deposit: | Plaza Norte | |
| Location: | Spain | |
| Commodities: | Lead-Zinc | |
| Date: | 2/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-2-2019: Emerita Resources Corp. announces a Supporting Acquisition report for its Plaza Norte deposit at the Plaza Norte project. Summary of property in support of acquisition. Emerita Resources Corp. (“EMO” or the “Company”) on behalf of its 50% owned | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joaquin Merino (Internal) | |
| ABSTRACT: | Emerita Resources Corp. (“EMO” or the “Company”) on behalf of its 50% owned subsidiary, Cantabrica del Zinc sl (“CZ”) has completed a technical report for the Plaza Norte Project (the “Project” or the “Property”) located near the city of Torrelavega, in northern Spain. This report presents the results of EMO’s efforts and is intended to fulfil the technical report requirements for the Standards of Disclosure for Mineral Projects according to Canadian National Instrument 43-101 (“NI 43-101”). It also addresses the mineral exploration potential at its 3,600 hectares Plaza Norte zinc-lead exploration property. EMO has not carried out any exploration on the property yet. All the activity has been focused on collecting and extracting information from the vast Asturiana de Zinc archives in the Mining School of Torrelavega with the purpose of creating a digital data base which allowed for analysis and geological interpretation. The company intends to carry out the exploration programs recommended in this Technical Report in furtherance of defining the zinc-lead mineralization potential at the Property. EMO together with the Aldesa Group (“Aldesa”), a Spanish construction company, created CZ, with the objective of participating in public tenders in the Cantabria Region. CZ is a Joint Venture company. CZ obtained the mineral rights in a public tender held by regional government of Cantabria. The tender was resolved on October 10th 2017. The administrative process including granting of all required permits for completing exploration work on the Project were granted on December 14, 2018. The tendered claims were previously held by Asturiana de Zinc (a subsidiary of Glencore in Spain) (“ASZA”), which lapsed after the company ceased its mining activities in 2003 at the adjacent Reocin mine, which was active for almost 150 years. The Property is located within the so-called Iberian Massif. The Iberian Massif represents the westernmost extent of the Variscan chain in Europe and its geology is dominated by metamorphic and igneous rocks of Proterozoic age. Within the Massif, the Property is located in the Basque-Cantabrian Basin of Meso-Tertiary age, which is located in the northern limit of the Iberian Peninsula. Towards the south, it constitutes a thrust block on the Duero and Ebro Tertiary Basins, while towards the north it extends to the Vizcaya Gulf, its western limit is marked by the Asturian Paleozoic Massif and the eastern one by the Basque Paleozoic Massifs and the Pyrenees. | |
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