Wardell Armstrong International
Baldhu House, Wheal Jane Earth Science Park, Baldhu, Truro, Cornwall, TR3 6EH, United Kingdom
Telephone: +44 (0)1872 560738 www.wardell-armstrong.com
DATE ISSUED: | 05 July 2023 |
JOB NUMBER: | ZT61-2145 |
VERSION: | V1.0 |
REPORT NUMBER: | MM1647 |
STATUS: | Final |
EMERITA RESOURCES CORPORATION
NI 43-101 TECHNICAL REPORT ON THE LA ROMANERA AND LA INFANTA POLYMETALLIC DEPOSITS, SPAIN
Effective Date: May 4, 2023
Signature Date: July 5, 2023
AUTHORED BY: | ||
Phil Newall | Director | ["signed and sealed"] |
Frank Browning | Principal Resource Geologist | ["signed and sealed"] |
Wardell Armstrong is the trading name of Wardell Armstrong International Ltd,
Registered in England No. 3813172.
Registered office: Sir Henry Doulton House, Forge Lane, Etruria, Stoke-on-Trent, ST1 5BD, United Kingdom
UK Offices: Stoke-on-Trent, Cardiff, Carlisle, Edinburgh, Greater Manchester, London, Newcastle upon Tyne,
Sheffield, Taunton, Truro, West Bromwich. International Office: Almaty
ENERGY AND CLIMATE CHANGE ENVIRONMENT AND SUSTAINABILITY INFRASTRUCTURE AND UTILITIES LAND AND PROPERTY MINING AND MINERAL PROCESSING MINERAL ESTATES
WASTE RESOURCE MANAGEMENT
EMERITA RESOURCES CORPORATION
NI 43-101 TECHNICAL REPORT ON THE LA ROMANERA AND LA INFANTA
POLYMETALLIC DEPOSITS, SPAIN
CONTENTS
1 | SUMMARY | 1 | |
1.1 | Introduction | 1 | |
1.2 | Property Description and Ownership | 1 | |
1.3 | Geology and Mineralisation | 1 | |
1.4 | Exploration and Drilling | 2 | |
1.5 | Sample Preparation, Analyses, Security and Data Verification | 3 | |
1.6 | Mineral Processing and Metallurgical Testing | 3 | |
1.7 | Mineral Resource Estimates | 3 | |
1.8 | Conclusions and Recommendations | 5 |
2 | INTRODUCTION | 6 | |
2.1 | Background | 6 | |
2.2 | Terms of Reference | 6 | |
2.3 | Qualified Persons | 6 | |
2.4 | Personal Inspections | 6 | |
2.5 | WAI Declaration | 7 | |
2.6 | Units and Currency | 8 | |
3 | RELIANCE ON OTHER EXPERTS | 9 | |
4 | PROPERTY DESCRIPTION AND LOCATION | 10 | |
4.1 | Location | 10 | |
4.2 | Ownership | 11 | |
4.3 | Mineral Tenure | 11 | |
4.4 | Royalties | 12 | |
4.5 | Surface Rights | 13 | |
4.6 | Permitting Considerations | 13 | |
4.7 | Environmental Considerations | 14 | |
4.8 | Existing Environmental Liabilities | 15 | |
5 | ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY | 17 | |
5.1 | Accessibility and Transportation | 17 | |
5.2 | Climate | 17 | |
5.3 | Local Resources and Infrastructure | 18 | |
5.4 | Physiography | 18 | |
6 | HISTORY | 19 | |
6.1 | Ownership History | 19 | |
6.2 | Exploration History | 19 | |
6.3 | Production History | 21 | |
7 | GEOLOGICAL SETTING AND MINERALISATION | 22 | |
7.1 | Regional Geology | 22 | |
7.2 | Local Geology | 24 | |
7.3 | Deposit Geology | 26 | |
8 | DEPOSIT TYPES | 33 | |
9 | EXPLORATION | 35 | |
9.1 | Introduction | 35 | |
ZT61-2145/MM1647 | Final V1.0 | Page i | |
July 2023 |
EMERITA RESOURCES CORPORATION
NI 43-101 TECHNICAL REPORT ON THE LA ROMANERA AND LA INFANTA
POLYMETALLIC DEPOSITS, SPAIN
9.2 | Geological Mapping | 35 | |
9.3 | Soil Geochemistry | 35 | |
9.4 | Geophysics | 37 | |
10 | DRILLING | 40 | |
10.1 | Type and Extent | 40 | |
10.2 | Procedures | 43 | |
10.3 | Interpretation of Relevant Results | 45 | |
11 | SAMPLE PREPARATION, ANALYSES, AND SECURITY | 46 | |
11.1 | Sampling Methods | 46 | |
11.2 | Bulk Density | 48 | |
11.3 | Sample Security | 49 | |
11.4 | Laboratories | 49 | |
11.5 | Sample Preparation and Analysis | 49 | |
11.6 | QAQC Protocol | 53 | |
11.7 | QAQC Results | 55 | |
11.8 | Adequacy of Procedures | 64 | |
12 | DATA VERIFICATION | 65 | |
12.1 | Data Verification by Emerita | 65 | |
12.2 | Database Cut-Off Dates | 65 | |
12.3 | Data Verification by The Authors | 65 | |
13 | MINERAL PROCESSING AND METALLURGICAL TESTING | 67 | |
14 | MINERAL RESOURCE ESTIMATES | 68 | |
14.1 | Introduction | 68 | |
14.2 | Mineral Resource Estimate Data | 68 | |
14.3 | Geological Interpretation and Domaining | 69 | |
14.4 | Boundary Analysis | 72 | |
14.5 | Compositing | 72 | |
14.6 | Grade Capping | 72 | |
14.7 | Metal Correlations | 73 | |
14.8 | Variography | 74 | |
14.9 | Block Modelling | 76 | |
14.10 | Estimation Methodology | 77 | |
14.11 | Model Validation | 79 | |
14.12 | Mineral Resource Classification | 85 | |
14.13 | Reasonable Prospects for Eventual Economic Extraction | 86 | |
14.14 | Mineral Resource Statement | 86 | |
14.15 | Mineral Resource Sensitivity | 87 | |
15 | MINERAL RESERVE ESTIMATES | 89 | |
16 | MINING METHODS | 90 | |
17 | RECOVERY METHODS | 91 | |
18 | PROJECT INFRASTRUCTURE | 92 | |
19 | MARKET STUDIES AND CONTRACTS | 93 | |
20 | ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITY IMPACT | 94 | |
ZT61-2145/MM1647 | Final V1.0 | Page ii | |
July 2023 |
EMERITA RESOURCES CORPORATION
NI 43-101 TECHNICAL REPORT ON THE LA ROMANERA AND LA INFANTA
POLYMETALLIC DEPOSITS, SPAIN
21 CAPITAL AND OPERATING COSTS | 95 | |
22 | ECONOMIC ANALYSIS | 96 |
23 | ADJACENT PROPERTIES | 97 |
24 OTHER RELEVANT DATA AND INFORMATION | 98 | |
25 | INTERPRETATION AND CONCLUSIONS | 99 |
26 | RECOMMENDATIONS | 100 |
26.1 General | 100 | |
26.2 Exploration, Geology and Mineral Resources | 100 | |
26.3 Mineral Processing and Metallurgical Testwork | 100 | |
27 | REFERENCES | 101 |
TABLES | ||
Table 1.1: Mineral Resource Estimate for the Iberian Belt West Project | 4 | |
Table 2.1: Qualified Persons Responsibilities | 7 | |
Table 4.1: IBW Project Exploration Concession Coordinates (ETRS89 Zone 29N) | 11 | |
Table 4.2: IBW Project Exploration Concession Coordinates (ETRS89 Zone 29N) | 12 | |
Table 6.1: Ownership History of the La Romanera Deposit | 19 | |
Table 6.2: Ownership History of the La Infanta Deposit | 19 | |
Table 6.3: Historical Drillhole Database | 20 | |
Table 7.1: La Romanera - Major Lithostratigraphic Units | 28 | |
Table 7.2: La Infanta - Major Lithostratigraphic Units | 30 | |
Table 10.1: Summary of DDH Meters per Year and in Total at Each Deposit | 40 | |
Table 10.2: Summary of Downhole Survey Tools | 43 | |
Table 11.1: Sample Length Depending on Core Diameter | 46 | |
Table 11.2: Analytical Laboratories | 49 | |
Table 11.3 ALS Sevilla Sample Preparation Procedures | 50 | |
Table 11.4: Elements and Ranges of Analysis for the ME-ICPORE™ Method from ALS Global | 50 | |
Table 11.5: Elements and Range of Analysis for the Au-AA23™ and Au-GRA21™ Methods from ALS | ||
Global | 50 | |
Table 11.6: Elements and range of analysis for the ME-MS61r™ Method from ALS Global | 51 | |
Table 11.7: Elements and range of analysis for the ME-MS61L™ Method from ALS Global | 51 | |
Table 11.8: ALS Sevilla Sample Preparation Procedures | 51 | |
Table 11.9: Elements and Range of Analysis for the PE-4042 Method from AGQ | 52 | |
Table 11.10: Elements and Range of Analysis for the PE-4043 Method from AGQ | 52 | |
Table 11.11: Elements and Range of Analysis for the PE-4014 Method from AGQ | 52 | |
Table 11.12: Certified Mean Value and Standard Deviation of Emerita CRMs | 53 | |
Table 11.13: Emerita Quality Control Rules | 55 | |
Table 11.14: Summary of La Romanera Samples Submitted to ALS | 55 | |
Table 11.15: Summary of La Romanera CRM Submissions to ALS | 56 | |
Table 11.16: Summary of La Romanera Duplicate Results (ALS) | 58 | |
Table 11.17: Summary of La Romanera CRM Submissions to ALS | 59 | |
Table 11.18: Summary of La Infanta Samples Submitted to ALS | 60 | |
ZT61-2145/MM1647 | Final V1.0 | Page iii |
July 2023 |
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Emerita Resources Corp. published this content on 05 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2023 16:58:08 UTC.