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Emerita Resources ( (TSE:EMO) ) has provided an update.
Emerita Resources reported new drilling results from the El Cura deposit at its Iberian Belt West project, highlighted by a 12.1-metre intercept grading 1.6% copper, 0.85 g/t gold and 32.11 g/t silver in hole EC092 and a 1.4-metre intercept grading 5.8% copper and 4.89 g/t gold in hole EC085. The latest holes extend the known strike of El Cura to about 650 metres and 320 metres down-dip, confirm mineralisation across upper-central, eastern and western sectors, and show the deposit remains open both down plunge to the west and up plunge to the east. With 86% of holes to date hitting mineralisation and several intercepts located beyond the limits of the current indicated resource, the results support further step-out drilling, strengthen the case for expanding El Cura’s resource base, and underpin its role as a key contributor to the forthcoming prefeasibility study for the IBW project.
The most recent analyst rating on (TSE:EMO) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Emerita Resources stock, see the TSE:EMO Stock Forecast page.
Spark’s Take on TSE:EMO Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMO is a Neutral.
Emerita Resources’ stock score reflects significant financial challenges with ongoing losses and negative cash flows. While technical indicators and valuation metrics suggest caution, recent corporate developments offer some optimism. The stock’s outlook remains cautiously optimistic but heavily reliant on future financial improvements and successful project expansions.
To see Spark’s full report on TSE:EMO stock, click here.
More about Emerita Resources
Emerita Resources Corp. is a mineral exploration and development company focused on its wholly owned Iberian Belt West (IBW) project in Spain, which hosts three volcanogenic massive sulphide (VMS) deposits: La Romanera, El Cura and La Infanta. The company is advancing these polymetallic copper-, zinc-, lead-, gold- and silver-rich deposits through prefeasibility studies, aiming to define measured and indicated resources that can be converted into reserves for potential mine development.
Average Trading Volume: 940,567
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$167.9M
Find detailed analytics on EMO stock on TipRanks’ Stock Analysis page.