Emgold hires Zonge for Golden Arrow IP survey
2021-02-16 12:40 ET - News Release
Mr. David Watkinson reports
EMGOLD COMMENCES IP AND RESISTIVITY STUDY AT ITS GOLDEN ARROW PROPERTY, NV
Emgold Mining Corp. has contracted with Zonge International Inc. to perform an induced polarization and resistivity ground geophysics survey at its Golden Arrow property, Nevada. The Survey will cover an area south of known resource areas of Gold Coin and Hidden Hill and include the area of the 137 new unpatented lode mining claims recently staked by Emgold (see January 12, 2021 press release). The goal of the Survey is to identify additional exploration targets on the Property.
The data from the Survey will be analyzed in conjunction with the results of an airborne magnetic and radiometric geophysical survey and soil sampling program being conducted by Emgold (see December 21, 2020 and January 19, 2021 press releases). The Survey will help identify structures associated with Walker Lane and other trends near the western margin of the Kawich volcanic caldera and, potentially, new mineralized areas.
Field work began on January 24th and is expected to take approximately 30 days to complete. Final results from the Survey are expected in the first quarter of 2021. Completion of the work is dependent on weather conditions and potential Covid-19 impacts.
About the Golden Arrow Property
The Property is located approximately 40 miles east of Tonopah in Nye County, Nevada. It is an advanced-stage exploration property with a comprehensive exploration database including geochemical sampling, geophysics, and over 201,000 feet of reverse circulation and diamond core drilling.
To date, two main resource areas have been drilled on the Property focusing on bulk disseminated mineralization - the Gold Coin and Hidden Hill deposits. Numerous other exploration targets have been identified for exploration (see the Amended 2018 Updated Technical Report on the Golden Arrow Project, Nye County Nevada, USA, Report Date September 24, 2018, Effective Date August 28, 2018, available under Emgold's corporate filings at www.sedar.com).
Emgold's management believes there is potential to expand both the Hidden Hill and Gold Coin resource zones with drilling under an approved Plan of Operations and for discovery of other bulk disseminated mineralization on the Property. In addition, historic underground mine workings lie along the Page Fault and other structures on the Property, indicating potential for vein style mineralization that has been subject to limited modern exploration to evaluate its potential.
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of this press release.