Emerita Resources Completes Verification Sampling of Historical Diamond Drill Core to Expedite Production of Technical Report at Salobro Zinc Project

TORONTO, June 01, 2018 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (“Emerita” or the “Company”) (TSXV:EMO) announces that it has received the assay results for the re-sampling of the historical diamond drill core at the Salobro zinc project (the “Salobro Project”) located in Minas Gerais, Brazil. These assay results will be used by the Company to support the NI 43-101 mineral resource estimate that the Company expects to prepare for the Salobro Project.

As part of quality assurance-quality control (“QA/QC”) procedures, 1,184 core duplicate samples (54 % of total samples) from previous drilling programs completed by Vale S.A. were sent to the ALS laboratory for check assays. ALS is independent of Emerita. From this total, 55 core duplicate samples were considered mineralized intervals grading over 1.0 % Zn (43 % of total mineralized intervals). For statistical purposes, only samples with assay results 10 times above the detection limit were considered. Based on the assays results comparison between the historical data and the Company’s new sampling, the program demonstrates that the previous historical results are consistent, unbiased, and meet the QA/QC requirements to support a mineral resource estimate to NI 43-101 standards. Results for the re-assay program are displayed graphically below.

The Company’s ongoing diamond drill program is progressing as planned at the Salobro Project. The phase 1 drill program contemplates 3,500 meters (23 drill holes) of diamond drilling intended to expand the existing resource. To date, 2,740.60 meters (17 drill holes) have been drilled and assay results for two drill holes have been received (see news release dated May 23, 2018). Additional assay results from this program will be reported as they are received.

David Gower, P.Geo., Chair of Emerita said: “The results of the current drill program along with the now verified historical drilling will provide data in support of the upcoming NI 43-101 technical report expected to be completed in Q3 2018. Completing the QA/QC on the historical data and the positive results of the data verification is a powerful advantage for the project that it saves the Company considerable time, money and effort. The project has an abundance of high quality historical drilling data that allows us to expedite the program as we develop the Salobro Project further.”

Core duplicate results comparison:

Photos accompanying this announcement are available at

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Sampling and Analytical Protocols

Emerita follows a systematic and rigorous QA/QC program overseen by Carlos H.C. Costa, P.Geo, Project Director of Emerita do Brazil, a subsidiary of the Company.

The sample from each core run is placed in a 100-centimetre long, wood core box that has four columns. Core recovery, rock quality designation, and geologic features are logged and sample intervals, which are generally <1.5 meters, are chosen. Prior to sampling, the drill core is marked by a line drawn along the core at high angles to the foliation, so that systematically the right side of the core is sampled. Each core box is photographed and then sampled with a spatula (soil and heavily-weathered rock) or cut with a core saw, 50% of which is placed in a sample bag to be sent to the laboratory. The other half core is retained for future reference. The Company independently inserts certified control standards, blanks, and duplicates, all of which comprise approximately 20.0 % of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until they are shipped to the ALS laboratory in Belo Horizonte (ISO 9001 Certified) for preparation and then sent for assay in the ALS laboratory in Peru. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This process is followed by the ICP-MS analytical technique for 48 elements, including lead. If zinc or lead exceeds 1.0 %, it is then analyzed using an ICP-AES analytical technique. The laboratory also inserts blanks and standards as well as including duplicate analyses.

PDFs accompanying this announcement are available at

http://resource.globenewswire.com/Resource/Download/db06b1cc-af64-4f02-a957-506c63a9ad5d

http://resource.globenewswire.com/Resource/Download/27b2c4c1-1b40-48d8-9759-24b56fa14ad5

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Carlos H. C. Costa, P.Geo., Project Director of Emerita do Brazil, a qualified person as defined by NI 43-101.

About Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring its properties in Spain and Brazil. The Company’s corporate office and technical teams are based in Sevilla, Spain and Belo Horizonte, Brazil with an administrative office in Toronto, Canada.

For further information, contact:

Helia Bento
+1 416 309 4293 (Toronto)
info@emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Salobro Project, the mineralization at the Salobro Project the Company’s ability to publish a NI 43-101 mineral resource at the Salobro Project, the results of the drilling program at the Salobro Project, the QA/QC results from the Salobro Project, the prospectivity of the Salobro Project and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate purchased properties or mining rights awarded; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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