ROMANERA Infill drilling is averaging 17% ZnEq over an average width of ~18 m. As compared to the historic grade of 11.9% ZnEq, this is +40% better, so far.

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.

As modelled the Gold grades are outperforming add tremendous value to the Romanera Deposit.

"Romanera Deposit

• Results from 2 additional holes that included the first step out 100 m to the east along strike.
• Infill drilling:
  Hole #5 was drilled half way between #2 (25.4% ZnEq over 14.3 m) and #3 (15% ZnEq over 39.9 m) and intersected both the upper and lower lenses returning wide and high grade intercepts:Upper lens: 16.4% ZnEq or 8.47 g/t AuEq over 7 m (with 2.44 g/t Au & 143.1 g/t Ag) from 117 m down hole.
  Lower lens: 13.5% ZnEq or 6.97 g/t AuEq over 16.9 m (with 2.9 g/t Au & 145.2 g/t Ag) – this was intercepted 43.8 m below the Upper lens from 168.5 m down hole.This incl. 16.6% ZnEq or 8.6 g/t AuEq over 4 m
  
• Confirms historic results with higher Au, Ag:The results show positive correlation with historical drilling with respect to intercept location and width, however with gold and silver grades higher than previously indicated.
  For comparison, the historic resource of 34 Mt at Romanera had a gold grade of 0.8 g/t Au and the high grade subset containing 11 Mt had a gold grade of 1 g/t Au.
  The drilling to date is pointing to a wtd. avg. gold grade of ~3 g/t Au or 3x historic resource grade for gold!
  If, conceptually, the gold grade increases to 2 – 3 g/t, the ZnEq resource would increase by 17% - 33% at the same tonnage, implying a grade of ~14% - 16% ZnEq (vs ~12% ZnEq historic).
  We further note that our est. wtd. avg. grade for the infill drilling is averaging 17% ZnEq over an average width of ~18 m. As compared to the historic grade of 11.9% ZnEq, this is +40% better, so far.
  
• Maiden step out hole:Hole #7 was drilled 100 m east of the historic drilling and intercepted massive sulphide mineralization in the Lower lens 400 m vertically below surface.
  Significant intercept: 6.4% ZnEq (with 3.7% Cu) over 7 m from 547 m down hole, incl. 13.1% ZnEq over 1 m.
  

La Infanta update

• EMO announced results from an additional 16 holes from La Infanta.
• The drilling to date has almost doubled the historic strike length to 1200 m (vs 600 m historic) and significantly expanded the vertical extent with deepest tested at 400 m (vs 120 m historic).
• Significant intercepts:Hole #54: 36.5% ZnEq over 3.2 m, incl. ~75% ZnEq over 1.3 m. This hole was located close to the eastern end of the drilling at Infanta and intercepted mineralization 170 m below surface in the North Block.
  #39: 15.2% ZnEq over 3.5 m, incl. 43.5% ZnEq over 1.2 m. This hole intercepted mineralization 350m below surface, in the center part of the deposit, in the North Block and is the deepest intercept in this area. This indicates the deposit continues at depth in this area.
  #45: 36% ZnEq over 0.9 m within a broader intercept of 7.9% ZnEq over 9.1 m. This is the westernmost hole and hit mineralization 220 m below surface. Indicates the deposit continues westward.
  Significant size and high grade potential:
• While needs more drilling to infill large gaps, the drill tested dimensions to date point to a potential 6 Mt resource at La Infanta at ~18% ZnEq.
• This is significantly larger than the 0.8Mt for the historic resource although at a higher grade of 26.5% ZnEq.
• We believe there are portions of higher grade within the expanded footprint that could still expand the historic resource while maintaining the higher grade."

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