Emerita Resources Intersects 12.1m Grading 1.6% Copper, 0.85 g/t Gold at El Cura
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
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Source: Globenewswire
- Deposit Expansion: Emerita's drilling at the El Cura deposit has intersected 12.1 meters grading 1.6% copper, 0.85 g/t gold, and 32.11 g/t silver, significantly expanding the eastern boundary of the deposit and indicating substantial mineral potential in the area.
- Drilling Success: To date, 86 holes have been drilled with 74 intercepting mineralized intervals, achieving an impressive hit rate of 86%, which provides a solid data foundation for the upcoming prefeasibility study.
- Resource Estimation: The newly discovered mineralization is located over 200 meters beyond the Company's 2025 Indicated Mineral Resource Estimate, demonstrating the deposit's potential for further expansion and offering more opportunities for future resource assessment and development.
- Underground Mining Potential: The El Cura deposit is suited for underground bulk mining methods such as long-hole stoping, which is expected to yield significant economic benefits for Emerita in its future mining endeavors.
Analyst Views on EMO
Wall Street analysts forecast EMO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About EMO
ClearBridge Energy Midstream Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy midstream entities. The Fund may invest at least 80% of its Managed Assets in energy midstream entities including entities structured as both partnerships and corporations. The Fund considers investments in midstream entities as those entities that provide midstream services including the gathering, transporting, processing, fractionation, storing, refining, and distribution of oil, natural gas liquids and natural gas. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fund’s investment manager and ClearBridge Investments, LLC (ClearBridge) is the Fund’s subadvisor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
