Emerita Resources intends to complete a non-brokered private placement financing of up to 60,000,000 units of Emerita at a price of $0.05 per Unit for gross proceeds of up to $3,000,000. Each Unit shall be comprised of one common share of Emerita and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to acquire one Common Share at a price of $0.15 for a period of 24 months following the [...]
TORONTO, July 26, 2018 -- Emerita Resources Corp. announces that it has completed the initial diamond drill program at the Salobro zinc project and received assays results from the drill campaign. The Company also announces that David Gower, P.Geo., has been appointed the Chief Executive Officer of the Company, effective August 1, 2018. Michael Timmins will become the Chairman of the Company’s Board of Directors [...]
TORONTO, June 07, 2018 -- Emerita Resources Corp. announces that it has received assay results from three additional diamond drill holes from its ongoing drill project at the Salobro Project. Two of the drill holes tested for near surface mineralization in order to determine potential for a starter pit as part of its extensive development planning. The third drill hole was notable in being a significant step out hole that [...]
TORONTO, June 01, 2018 -- Emerita Resources Corp. announces that it has received the assay results for the re-sampling of the historical diamond drill core at the Salobro zinc project located in Minas Gerais, Brazil. These assay results will be used by the Company to support the NI 43-101 mineral resource estimate that the Company expects to prepare for the Salobro Project. Graph 1: Zn Histograms for full assays results [...]
TORONTO, May 23, 2018 -- Emerita Resources Corp. announces that it has received the initial diamond drilling results from its drill program at its Salobro zinc project located in Minas Gerais State, Brazil . Drilling results to date Location of the Salobro zinc project, Minas Gerais State, Brazil. Salobro Long Section Salobro Plan View The phase 1 drill program contemplates 3,500 meters of diamond drilling intended to [...]
TORONTO, May 16, 2018 -- Emerita Resources Corp. announces that it has received approval from the TSX Venture Exchange to extend to August 20, 2018 the expiry date of 16,450,000 common share purchase warrants that were previously set to expire on May 20, 2018. Each Warrant is exercisable for one common share in the capital of the Company for an exercise price of $0.10. About Emerita Resources Corp. Emerita is a natural [...]
Emerita Resources announces that it has applied to the TSX Venture Exchange to extend to August 20, 2018 the expiry date of 16,450,000 common share purchase warrants that were previously set to expire on May 20, 2018. Each Warrant is exercisable for one common share in the capital of the Company for an exercise price of $0.10. About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition [...]
TORONTO, April 10, 2018 -- Emerita Resources Corp. has received the necessary permits to commence diamond drilling and drills have been mobilized to its Salobro zinc project located in Minas Gerais State, Brazil . Emerita has awarded the drilling contract to Sevitec/Foraco Drilling, and staff are on site preparing for the commencement of the drilling campaign. Location of the Salobro zinc project, Minas Gerais State [...]
TORONTO, March 28, 2018 -- Emerita Resources Corp. announces that Mackie Research Capital Corp. has initiated coverage on the Company following the completion of the acquisition of the Salobro project in Brazil by Emerita. About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain [...]
TORONTO, March 15, 2018 -- Emerita Resources Corp. announces that it has completed the acquisition of the Salobro zinc project located in Minas Gerais State, Brazil . The rights to the Salobro Project have now been transferred to the Company’s Brazilian subsidiary, Zinco das Gerais, and the transfer has been published in the Brazilian Official Gazette. Pursuant to the closing of the Transaction, Emerita has paid [...]
TORONTO, Feb. 15, 2018 -- Emerita Resources Corp. has commenced its exploration program at the Salobro zinc project in Brazil and it has decided to fast track the Salobro Project in order to reach a development and construction decision. The Company has recently completed an internal scoping study, including a conceptual mine plan, based on the existing drill hole data base. This preliminary development plan will be used [...]
TORONTO, Feb. 02, 2018 -- Emerita Resources Corp. provides the following corporate update to its shareholders with respect to its portfolio of advanced zinc projects. Emerita has made excellent progress in advancing its business plan during the final months of 2017 and beginning of 2018. The Company is closing the acquisition of the Salobro zinc deposit in Minas Gerais State, Brazil following TSXV approval and expects to [...]