Emerita drills 4.1m of 3.9% Cu, 3.6% Pb, 8.5% Zn at IBW

Executive Summary

• Emerita Resources Corp. reported significant diamond drilling results from the El Cura deposit (part of the Iberian Belt West project), confirming high-grade mineralization and extending the deposit 90 meters to the west.
• The company has approved an additional 12,000 meters of drilling to further expand the deposit and convert inferred resources to indicated categories.
• Key intercepts include high-grade copper, lead, zinc, gold, and silver, with the strongest hole (EC080) intersecting 4.1 meters grading 3.9% Cu, 3.6% Pb, 8.5% Zn, 4.08 g/t Au, and 96.4 g/t Ag.

Key Details

• Drill Hole EC080: Intercepted 4.1 meters grading 3.9% Copper, 3.6% Lead, 8.5% Zinc, 4.08 g/t Gold, and 96.39 g/t Silver.
  • High-grade interval: Included 1.4 meters grading 5.7% Copper, 4.1% Lead, 9.7% Zinc, 3.89 g/t Gold, and 102.86 g/t Silver.
  • Significance: Extends the western boundary of the El Cura deposit by 90 meters; proves mineralization remains open to the west and at depth.
• Drill Hole EC069: Intercepted 3.8 meters grading 1.8% Copper, 2.3% Lead, 6.2% Zinc, 3.60 g/t Gold, and 70.24 g/t Silver.
  • High-grade interval: Included 1.0 meter grading 3.3% Copper, 3.5% Lead, 10.1% Zinc, 5.89 g/t Gold, and 103.50 g/t Silver.
• Drill Hole EC070: Intercepted 2.5 meters grading 1.2% Copper, 0.4% Lead, 1.2% Zinc, 4.37 g/t Gold, and 33.40 g/t Silver.
  • High-grade interval: Included 1.0 meter grading 1.8% Copper, 0.3% Lead, 1.3% Zinc, 10.05 g/t Gold, and 40.00 g/t Silver.
• Drill Hole EC077: Intercepted 2.9 meters grading 1.0% Copper, 0.2% Lead, 0.1% Zinc, 1.77 g/t Gold, and 21.24 g/t Silver.
  • High-grade interval: Included 1.2 meters grading 2.0% Copper, 0.3% Lead, 0.2% Zinc, 3.83 g/t Gold, and 23.0 g/t Silver.
• Drill Hole EC075: Intercepted 3.5 meters grading 0.7% Copper, 0.4% Lead, 0.7% Zinc, 0.67 g/t Gold, and 25.09 g/t Silver.
  • High-grade interval: Included 1.1 meters grading 1.9% Copper, 0.4% Lead, 0.3% Zinc, 1.21 g/t Gold, and 30.00 g/t Silver.
• Drill Hole EC073: Encountered faulting in the expected target area; did not return mineralized intercepts (noted for geological context).
• Future Drilling Plan: Emerita has approved an additional 12,000 meters of drilling to continue expansion drilling at El Cura, targeting western and deeper portions of the system.
• Geological Context: The deposit is interpreted as intact, undeveloped, and uneroded. Historic workings were limited and located ~600 meters east of current drilling. Surface mapping to the west shows chloritization and gossanous boxwork alteration, suggesting further exploration potential.
• Resource Status: Recent drilling targets are west of the inferred resource boundary reported in March 2025 and are expected to contribute substantially to the growing resource.

Notable Quotes

• Joaquin Merino, President: "The exceptional results of recent drilling in western El Cura, including copper grades of 5.7 per cent and gold grades to 10 g/t, demonstrate the existence of zones of significant enrichment and the persistence of the deposit to the west and at depth. Holes EC069, EC075, EC077 and EC080 of this news release are west of the inferred resource boundary reported in March, 2025, and are expected to contribute substantially to the growing resource at El Cura and the IBW project overall."