Emerita Resources Corp. has revealed promising preliminary test results from its ongoing metallurgical testing program at the Iberian Belt West (IBW) project in Spain. The company announced that zinc concentrates from the project graded at 52.4%, with an average zinc recovery rate of 84%, indicating the potential for producing commercial-grade concentrates using traditional methods.
CEO David Gower emphasized the importance of achieving optimal results in developing polymetallic deposits, noting opportunities for further optimization in concentrate grade versus metal recoveries. The IBW project encompasses three massive sulfide deposits: La Infanta, La Romanera, and El Cura.
Technical Analyst Clive Maund expressed optimism about Emerita Resources Corp., labeling it a “very attractive resource stock play” and recommending it as a Strong Buy for all timeframes. The company’s projected average zinc recovery rate of 84% surpasses results from other mines in the region, boding well for its future economic model.
Furthermore, the ongoing testing at La Romanera and La Infanta deposits has shown the potential to produce commercial-grade copper concentrates, with recoveries ranging from 51.69% to 85%. These results align with operating mines in the area and hint at further advancements for ores with higher copper grades.
As industries strive to transition to cleaner energy sources, the demand for zinc and copper is on the rise, signaling a positive outlook for Emerita Resources Corp. and its metallurgical testing program. With high-grade results and favorable market conditions, the company is well-positioned to make significant strides in the sector.
