PCM Fund Inc V.PCM

Looking for the next MOLY play?

[goldwillrock]

MOLY Play Emgold (TSX-V:EMR) has contracted Aggressive Diamond Drilling Ltd. to conduct 2,400 metres of drilling on its Stewart/Jazz Molybdenum and Gold Property located in British Columbia. A total of CDN $850,000 has been committed for expenditure on the BC properties for the year 2007. Emgold MOLY property is right next door to Sultan Minerals. In 1980 Shell's best drill intercept was 57 metres grading 0.46% MoS2. In late 2005, Emgold conducted a 500 metre diamond drill program to test the historic drill results as part of a due diligence program. The best hole 05SM-05 returned 75.29 metres grading 0.313% MoS2, and including 35.91 metres of 0.597% MoS2. GOLD Play Resource and Geology Update The Idaho-Maryland Mine is located in Grass Valley, California with proven resources of about 1.5 million Oz of Gold. "Existing mineral resources consist of 216 resource blocks that were defined in a NI 43-101 Technical Report completed in November 2004 and subsequent geologic modeling by Emgold's geologists. Current resources are: Measured and Indicated: 1.67 million tons @ 0.28 opt = 472,000 ounces gold Inferred: 2.57 million tons at 0.39 opt = 1,002,000 ounces gold Emgold has elected to permit not only the dewatering and exploration of the mine, but also the development of a 2,400-ton per day operation with potential to produce over 250,000 ounces of gold per year. The Company has assembled a large and valuable library of historical information about the project. This information has been used to establish a NI 43-101 gold resource as outlined above, and has indicated over 500 additional underground exploration targets. Currently, work is underway to lay out the drill program for underground exploration planned to commence once the mine is permitted and dewatered." A must see interview... https://www.smartstox.com/interviews/EMR.php For further information: Michael O'Connor, Manager, Investor Relations, Tel: [phone], Fax: [phone], Email: [e-mail] Emgold is trading at near 52 weeks low and had recently raised $8 million throught equity financing in Oct/07. I believe this is an excellent opportunity to position in EMR for the next run. Disclosure: I own EMR, CBS, PCM