Property and Location
Emerita Resources Corp. owns 100% interest in 1,507 claims covering approximately 45,000 hectares comprising the Las Morras Gold Project, located in the Municipalities of Casas de Don Pedro and Talarrubias, in the eastern part of the Badajoz province, Extremadura Region (W Spain).
Las Morras Project includes 6 exploration permits including Las Morras, La Manchuela, El Alandre, Matajarda and Garbayuela, where Las Morras is the flagship project.
Gold occurring in the form of nuggets and gold grains was found for the first time in the Las Morras exploration permit in 1998, when a local resident farmer digging a hole found a nugget by chance. Since then, people from the area have been looking for and finding gold nuggets and very high grade quartz vein boulder containing visible gold. The heaviest gold nugget found in the area is 271 g.
Until the acquisition by Emerita Resources Corp. no systematic, modern exploration has been conducted at Las Morras Project. Emerita has been exploring intensively the Las Morras exploration permit since the acquisition in 2010.
Geology and Mineralization
Las Morras exploration permit is part of the Iberian Massif. It is possible to differentiate three geological units in the project; Precambrian units, Paleozoic units and Tertiary and Quaternary sedimentary deposits.
The Precambrian unit crops in the central area of the exploration permit. These rocks are part of the schist-graywacke complex (CEG). The Paleozoic crops out in the northern part of the concession, forming a positive relief in the landscape. The Tertiary and Quaternary deposits are characterized sedimentary materials overlaying the Precambrian units.
Gold is associated to 5-50 cm thick quartz veins. Quartz is deformated and encloses pyrite and arsenopyrite crystals, and also free gold. Punctually the veins are affected by a supergene alteration characterized by gohetite, iron oxides, kaolinite and scorodite. According to geological features, structure and mineralization the Las Morras deposit could be included in the Orogenic gold-type deposit group.
Exploration Working Programs
An initial oriented soil and panned concentrate geochemical survey has been carried out in two selected areas, Northwestern and Central Areas. Both areas are characterized by quartz float material and abundant gold nuggets. The program consists of taking soil sampes and heavy mineral concentrate (HMC) samples with the objective of developing targets to determine the source of the gold in soils. Most significant results include peak values of up to 3.3 g/t Au in soil, 461 g/t Au in HMC, and 9.8 g/t Au in rock sample.
A detailed geophysical survey was performed in the target areas indicated by the geochemical survey, Northwestern and Central Areas. Geophysical survey has been carried out in order to determine the bedrock source of the gold anomaly found in surface. The geophysics consisted in Very Low Frequency (VLF), IP (Induced Polarization) and ERT (Electrical Resistivity Tomography) which revealed anomalous bodies in bedrock at shallow depth. Results include three anomalous E-W trending bodies at shallow depth, two in the Central area sizing 1,500 x 300 m and 1,000 x 500 m and one in the Northwestern area sizing 850 x 300 m.
Trenching and Drilling program will be planned based on geochemical and geophysical survey results, which revealed promising targets at shallow depth, in order to estimate the potential of the area.