Emerita Resources Corp. announced assay results for hole LR002 which is the first drill hole completed at the Romanera deposit at Emerita's wholly-owned Iberia Belt West Project (“IBW” or the “Project”). As previously reported on June 7, 2022, Hole LR002 intersected 14.3 meters of massive sulphides from 134.2 meters.

Assay results now confirm Hole LR-002 intersected: 14.3 meters grading 7.61 g/t gold, 311.1 g/t silver, 3.0% zinc, 2.9% lead, 0.4% copper from 134.2 meters depth. Included in the intercept is: 7.8 meters grading 9.74 g/t gold, 372.9 g/t silver, 0.7% zinc, 2.7% lead, 0.6% copper from 136.2 meters depth; and 4.6 meters grading 4.56 g/t gold, 235.9 g/t silver, 8.0% zinc, 3.8% lead, 0.2% copper from 144.0 meters. QA/QC was completed on the intercept samples including internal QA/QC by ALS Labs and standard and blank samples submitted by the Company confirming the high-grade assays are valid.

Three additional drill holes have been completed to date and also appear to have intersected significant sulfide mineralization. Samples have been shipped to the ALS lab for analysis and these results will be reported once data is received. The company has six drills at the Romanera deposit and expects there should be a steady flow of results in the coming months.