TORONTO, ONTARIO -- (Marketwired) -- 08/29/13 -- Emerita Gold Corp. (TSX VENTURE: EMO) (the "Company" or "Emerita") provides the following update regarding the Company's exploration program at its 100% owned Las Morras Property in the Extremadura Region of western Spain (the "Property") (Figure 1). The Company is continuing to evaluate the Property and is generating targets that will be tested by trenching and/or drilling this year.
Two areas with highly anomalous gold in soil have been identified to date within the Las Morras Property - the Central and the Northwestern target areas (Figure 2).
The Central area is characterized by two gold anomalies that are approximately 300 metres wide and extend 500 meters and 800 meters in an east-west direction, respectively. The anomalies are open to both the east and west directions (See Press Release April 8th, 2013).
The Northwestern area, which was identified during field mapping, is characterized as an extensive area where a high concentration of quartz boulders and quartz in outcrop were observed, some of which contain visible gold. Heavy mineral panned concentrates also indicated a high number of gold grains in the soils. This area was subsequently covered by a geochemical soil grid and additional rock and heavy mineral concentrate (HMC) samples were collected (Figure 3) on survey lines 525 meters long spaced 100 meters apart, with samples taken at 25 meter intervals. The grid extends for 800 metres. Geochemical results are compiled in Tables 1-3 below.
The survey identified anomalous gold in the Northwestern area, indicated by sampling (HMC, soil and rock) that extends approximately 700 metres long and over 100 metres wide (Figure 3). This anomaly remains open to the West and East directions. The Company interprets that the gold anomaly highlighted by the geochemical survey in the Northwestern area corresponds to a shear zone within the Precambrian schist-greywacke complex (SGC). The Northwestern area strikes approximately east west and is about 3.0 kilometres from the Central Area (Figure 3).
Structures associated with the Northwest and Central areas will be the primary targets for testing in the upcoming programs.
Also during the process of property scale geological mapping, the Company identified more than 20 ancient workings that were previously not documented. These ancient workings are typically hand excavated pits and trenches into shallow bedrock characterized by abundant quartz in the vicinity. Occasionally samples of quartz floats from the waste piles carry gold. The anomalous zones in the Central and Northwestern areas are coincident with several of these pits (Figure 4). These ancient excavations attest to gold having been widely identified on the property in the ancient past and further demonstrate the importance of a systematic approach to evaluating the property for a significant gold deposit.
The Company has also completed a remote sensing study to assist in the structural interpretation of the Property (see details below). Outcrop in the region of the anomalies is sparse and initial follow up with trenches designed to provide detailed structural information in advance of drilling is planned for September.
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