Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
TORONTO, ONTARIO–(Marketwired – Dec. 19, 2013) – Emerita Gold Corp. (TSX VENTURE:EMO) (the “Company” or “Emerita”) announces the completion of geophysical exploration programs at its 100% owned Las Morras Property in the Extremadura Region of western Spain (the “Property”) (Figure 1). The geophysical surveys consisted of Very Low Frequency (VLF), Induced Polarization (IP) and Electrical Resistivity Tomagraphy (ERT) surveys over the Central and Northwest target areas. The surveys identified several anomalies that are interpreted to represent shear zone structures coincident with the previously identified gold geochemical anomalies (see news releases dated August 29 and April 8, 2013). These interpreted structures will be evaluated as potential bedrock sources for the gold identified in the soils over the geophysical features by trenching and, if appropriate, drilling.
