Why These Two Analysts Are Following Emerita
Source: Streetwise Reports
August 11, 2022 (Investorideas.com Newswire) The latest data from Emerita Resources Corp. may support growth of the company's overall project resource, noted a Clarus Securities report.
Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE) reported additional positive drill results from its Romanera and La Infanta base metal deposits in Spain, reported Clarus Securities analyst Varun Arora in an August 4, 2022 research note.
"Overall, we are encouraged by the drill results that continue to expand both Romanera and La Infanta, which may support significantly expanding the resource at [the] Iberian Belt West towards +30,000,000 tons with continued expansion drilling success versus our currently modelled ~21,000,000 tons," Arora wrote and reviewed the drill results from both deposits.
Drilling at Romanera, noted Arora, "continues to return strongly economic results (up to US$477 per ton in situ value included in LR005) with wide and high grade intercepts."
LR005, one of the two holes reported, cut both the upper and lower lenses. In the upper lens, it returned 16.4% zinc equivalent (Zn eq) or 8.47 grams per ton gold equivalent (8.47 g/t Au eq) over 7 meters (7m) from 117m downhole. In the lower lens, LR005 demonstrated 13.5% Zn eq or 6.97 g/t Au eq over 16.9m.
Initial stepout drilling at Romanera, consisting of hole LR007 placed 100m east of historical drilling, showed the mineralization continues in that direction. The returned widths and grades of the intercepts there, though, do not stand out. A significant intercept was 6.4% Zn eq (with 3.7% copper) over 7m from 547m downhole.
"It's possible that the mineralization pinches and swells, and so it's possible we will see wider and higher grade intercepts with continued drilling outside the historic footprint," Arora wrote, adding that the deposit remains open along strike and at depth.
Adam Schatzker, analyst at Research Capital Corp., also commented on the new drill results from both Emerita deposits, in an Aug. 4 report.
He noted the Romanera results confirm but exceed the historical figures, given the new gold and silver values are better than expected.
"Romanera is developing well for its stage of exploration," wrote Schatzker.
Results from La Infanta, on the other hand, Schatzker indicated, were "mixed with some narrow, high-grade hits and a small number of wider high-grade intercepts." He added that La Infanta is "losing momentum" and he expects Emerita to cut back on its exploration work there.
Clarus Securities and Research Capital rate Emerita Speculative Buy. As for price targets on the natural resource company, Clarus' is CA$5 per share, Research Capital's is CA$4. In comparison, Emerita is currently trading at CA$1.03 per share.
1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Disclosures for Clarus Securities, Emerita Resources Corp., Aug. 4, 2022
The analyst has visited the Company's operations in Spain in November 2021. Partial payment or reimbursement was received from the issuer for the associated travel costs. Within the last 24 months, Clarus Securities Inc. has managed or co-managed a public offering of securities of this company. Within the last 24 months, Clarus Securities Inc. has received compensation for investment banking services with respect to the securities of this company.
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Disclosures for Research Capital Corp., Emerita Resources Corp., Aug. 4, 2022
Analyst Certification: I, Adam Schatzker, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www.researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst's personal views and (ii) no part of the research analyst's compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.
Adam Schatzker has visited Emerita Resources Corp. in the past 18 months.
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