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Emerita Resources ( (TSE:EMO) ) has shared an announcement.
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, and a 1.4-metre interval grading 5.8% copper, 4.89 g/t gold and 51.0 g/t silver. The latest holes extend mineralization across a strike length of about 650 metres and 320 metres down-dip, expanding both the eastern and western limits of the deposit and confirming that El Cura remains open along plunge. With 86% of holes drilled to date intersecting mineralization and many drilled only to moderate depths, the company sees potential to continue cost-effective infill and extension drilling to upgrade the resource base to measured and indicated categories, supporting its ongoing prefeasibility work and strengthening the project’s development outlook.
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 volcanogenic massive sulphide (VMS) deposits at its wholly owned Iberian Belt West project in Spain. The project hosts the La Romanera, El Cura and La Infanta deposits, which contain copper, gold, silver, lead and zinc and are being advanced through prefeasibility studies aimed at defining measured and indicated resources and eventual mineral reserves.
Average Trading Volume: 940,567
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$167.9M
Learn more about EMO stock on TipRanks’ Stock Analysis page.