Emerita Resources Reports Significant Drilling Results at El Cura Deposit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
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Source: Globenewswire
- Deposit Expansion: Recent drilling at the El Cura deposit revealed a significant intercept of 12.1 meters at 1.6% copper, 0.85 g/t gold, and 32.11 g/t silver in hole EC092, which notably expands the eastern portion of the deposit, indicating strong economic potential.
- High Hit Rate: To date, Emerita has drilled 86 holes at El Cura, with 74 successfully intercepting mineralized intervals, resulting in an impressive hit rate of 86%, providing a solid data foundation for future resource assessments and prefeasibility studies.
- Resource Boundary Expansion: Results from holes EC085 and EC087 indicate continued expansion of the mineral resource boundary in the western area, extending beyond the limits of the 2025 Indicated Mineral Resource Estimate, highlighting the need for further drilling in this region as a priority for the company.
- Underground Mining Potential: The El Cura deposit is suited for underground bulk mining methods such as long-hole stoping, and with the current mineralization results, it is expected to provide a significant resource base for the upcoming prefeasibility study.
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.
