Emerita Resources will soon find out if it will be awarded the past-producing Aznalcóllar project.

In a news releaseEmerita Resources Corp. (EMO:TSX.V; EMOTF:OTC; LLJA:FSE) announced that its legal case concerning the awarding of the Aznalcóllar project in Spain to Minorbis and Grupo Mexico is nearing the end.

Five years ago, Emerita alleged wrongdoing by the parties that awarded the project contract. This is because Minorbis-Grupo Mexico allegedly had submitted an incomplete and noncompetitive bid and did not fulfill other tender requirements, which, according to Spanish law, warrants disqualification. Had Minorbis´ bid been excluded, the project would have gone to Emerita, the only other qualifying bidder in the final round.

Following years of police investigation and legal proceedings, ultimately Superior Court judges ruled in favor of Emerita and subsequently denied two appeals brought by the original defendants.

"The final step in the judicial process will be to turn the case over to a judge that will apportion the crime or crimes to the accused individuals and determine the sentences," the release noted. Also a decision should be made as to whether or not Emerita will now be awarded Aznalcóllar, a past-producing property in Spain´s Iberian Pyrite Belt.

If it is, Emerita plans to immediately drill the property and prepare an initial resource estimate.

"We have been committed to developing the Aznalcóllar project since the public tender was originally announced and remain determined to develop it," Emerita CEO David Gower said in the release.

"Emerita took the tender process very seriously and invested approximately $1,000,000 in putting a detailed proposal for all aspects of the project including mine plan, mill development plan, environmental and water management plans, societal and community impact studies, in a nearly 10,000 page submission laying out a modern, safe and environmentally responsible project. By virtue of having already completed this work the Company is best positioned to advance the project efficiently," Gower stated.

1) Doresa Banning compiled 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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Name: Emerita Resources Corp.
Canada Symbol: EMO
Germany Symbol / WKN: LLJA / A2PKVQ
Shares Issued & Outstanding: 84,794,018
Phone: +1 416 566-8179

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