TORONTO, ONTARIO -- (Marketwired) -- 04/08/13 -- Emerita Gold Corp. (TSX VENTURE: EMO) (the "Company" or "Emerita") mobilized field crews to its 100% owned Las Morras Property in the Extremedura Region of western Spain (the "Property") in late January to commence exploration, following the successful completion of its qualifying transaction on the TSX Venture Exchange on January 10, 2013. The initial work program, which commenced on January 25, is focused on completing geochemical surveys on the Property where a high concentration of gold nuggets and boulders containing visible gold have been identified (Figure 1).
The geochemical survey is continuing and lab results from the initial sampling have been received. The program consists of taking soil samples and heavy metal concentrate (HMC) samples with the objective of developing targets to determine the source of the gold in the soils. Results to date are from 12 survey lines spaced 100 meters apart, with samples taken at 50 meter intervals along the lines in the Central Target Area. When the presence of gold was confirmed in the HMC samples, the line spacing was narrowed down to 50 meters apart with samples collected every 25 meters along the survey lines. The area for which data has been received is approximately 1.5 kilometers by 1.5 kilometers, which represents approximately 2% of the property area (Figure 2). Results from a total of 210 soil and 210 HMC samples have been received to date from the ongoing program and shipped to ALS Chemex in Seville, Spain, for analysis using fire assay (see below for assay details).
The HMC samples returned significant results (Figure 2). Thirty-three percent (33%) of the HMC samples contained over 1.0 ppm gold and 7.5% of the samples were over 10.0 ppm gold, with the highest value being 461 ppm gold (Figure 3). Correlation between soil and HMC samples based on a correlation matrix calculation is very high at 0.90. Soil sample results were also anomalous, with gold values ranging up to 2.74 ppm gold. The Company intends to accelerate the soil sampling component and be more selective with the HMC component of the program in order to complete the initial geochemical coverage more quickly and cost effectively. Approximately 1.5 hours are required to properly process a single HMC sample, which limits the amount of ground that can be covered quickly. Establishing a high correlation between the soil samples and the HMC samples demonstrates that the area can be effectively surveyed with soil samples without compromising the results, and HMC sampling can be used selectively in areas of interest.
The geochemical survey in the Central Target Area has identified two anomalous areas located 500 meters apart, oriented WNW-ESE and approximately parallel (Figure 3). The North and South anomalies can be followed for 800 meters and 500 meters respectively. Both anomalies are open at both ends, particularly to the ESE (Figure 3).
Although it is early in the program and the interpretations are preliminary, initial geological mapping indicates the Las Morras geochemical anomaly is underlain by a major shear zone. The shear zone is characterized by a zone of high strain and quartz veined within predominantly sandstone and shale and the shear zone strikes approximately parallel to a major scarp that marks the contact between the Proterozoic rocks underlying the geochemical anomaly and the Ordovician rocks to the north. The extent of the shear zone is not yet known, but it appears to be at least 300 meters wide in the area of the geochemical anomalies. Gold mineralization appears to occur in discrete zones within the broad shear zone based on the limited work to date. It is not known at this time what the extent of mineralization will be.
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