Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Emergent Metals Corp V.EMR

Alternate Symbol(s):  EGMCF

Emergent Metals Corp. is a gold and base metal exploration company focused on Nevada and Quebec. Its properties include Casa South Property, Trecesson Property, Troilus North Property, East West Property, Golden Arrow, New York Canyon, Buckskin Rawhide East, Buckskin Rawhide West, Koegel Rawhide, and Mindora (aka West Santa Fe). The Casa South Property, Quebec is located approximately 80 kilometers (km) north of the town of La Sarre, Quebec. The Trecesson Property is located approximately 50 km north and 10 km northwest of the cities of Val D’Or and Amos, Quebec, respectively. The Golden Arrow Property is located approximately 40 miles east of Tonopah in Nye County, Nevada. The New York Canyon Property is an early-stage exploration property located about 30 miles east of Hawthorne, Nevada. The Buckskin Rawhide East Property is situated within the Walker Lane structural zone and gold belt of Western Nevada. The Koegel Rawhide Property is an early-stage gold/silver exploration property.


TSXV:EMR - Post by User

Bullboard Posts
Post by MEiffyon Aug 28, 2012 9:53am
155 Views
Post# 20268274

NR- drill program starting

NR- drill program starting

EMGOLD MINING CORPORATION

Suite 1400 – 570 Granville Street

Vancouver, B.C. V6C 3P1

www.emgold.com

August 28, 2012 TSX Venture Exchange: EMR

OTCQB: EGMCF

U.S. 20-F Registration: 000-51411

Frankfurt Stock Exchange: EML

EMGOLD COMMENCES 2012 EXPLORATION PROGRAM

ROZAN PROPERTY, B.C.

Emgold Mining Corporation ("Emgold") is pleased to announce it has obtained an Exploration Permit

and is commencing its 2012 Exploration Program (“the Program”) on its 100 percent owned Rozan

Property (“the Property”), located in southeastern British Columbia. Emgold has contracted Wade

Critchlow Enterprises Ltd to conduct up to 1,600 metres of diamond drilling on the Property. Emgold

plans to complete soil sampling and diamond drilling to test a series of prospective gold exploration

anomalies identified by previous exploration programs on the Property.

Overview of the Rozan Property

The Rozan Property is a poly-metallic property located in the Nelson Mining District of British Columbia

and approximately 10 kilometres southwest of Nelson. The Property consists of 32 mineral claims

covering an area of 1,950 hectares. The Property is in a large north-south geologic trend containing

occurrences of gold, silver, molybdenum, tungsten, and other mineralization. The Property is west of

and adjoining Altair Ventures/Sultan Minerals’ Kena Property and southwest and adjoining Anglo-Swiss

Resources’ Nelson Mining Camp. It is north of Emgold’s 100 percent owned Stewart Property. Emgold

is currently focused on exploration for gold on the Rozan Property, with a number of prospective gold

exploration targets identified.

Recent Exploration on the Rozan Property

The Rozan Property was acquired by Emgold in 2000. Exploration work to date by Emgold has included

limited soil sampling, geophysics, and diamond drilling focused primarily on the Main Vein and the

Sheeted Vein Zone. Emgold drilled two diamond drill holes totaling 304 metres in 2000.

Previously reported significant drill results included:

?? 1.45 gram per tonne of gold over 4.08 metres in hole RZ00-01 (Sheeted Vein Zone), and

?? 60.73 grams per tonne gold over 0.25 metres in hole RZ00-02 (Main Zone).

A third hole, 07RZ-01, totaling 107 meters, was drilled in 2007 (Main Zone) but failed to intercept the

target (see Emgold press releases dated Dec. 4, 2000 and June 11, 2008).

In January of 2010, Valterra Resource Corporation (“Valterra”) optioned the Rozan Property from

Emgold. Valterra conducted exploration programs in 2010 and 2011 including compilation of historic

data, soil sampling and geophysics. (See Emgold press release dated Jan 25, 2012). Valterra identified a

total of 10 gold anomalies on the Rozan Property. A NW-SE trending gold soil anomaly (Target A)

extends for some 1.8 kilometres and is up to 200 metres wide Along the surface trace of the Mount Verde

fault, there is a strong anomaly (Target B) identified by gold, tungsten, arsenic, and manganese in the

soils. The remaining gold soil anomalies are generally NE-SW orientated and are considered related to

high grade or sheeted quartz vein gold mineralization (most of which remain unexplained) on the

property. The Rozan Property reverted to Emgold in 2012 when Valterra was unable to meet its work

commitments.

Emgold Proposed 2012 Work Program

Planned work in 2012 includes surface rock and soil sampling, and diamond drilling. Drilling will

include up to 1,600 metres of coring from seven drill pads. Multiple holes may be completed from

individual pads. Drill pad locations have been located to test target areas that were defined in the historic

exploration, as well as from recent compilations and field work conducted by Emgold and Valterra.

Work will include extending the soil sampling survey as well as rock sampling over areas of elevated soil

geochemical survey results. Most of the work will be centered on the main part of the property, which

includes the historically mined Main Vein (location of historic underground workings mined by Bill

Rozan from 1928-72) and the Sheeted Vein Zone (approximately 700 metres to the east of the Main

Vein).

Diamond drilling will target:

1. The Main Vein, which is considered open to the north and south and at depth. Up to four drill

holes are planned for the Main Vein;

2. The Sheeted Vein Zone;

3. The West Vein, which appears to have similar characteristics as the Main Vein;

4. The Mount Verde Fault that has associated multi-element soil geochemical elevated values; and

5. Parts of Target A, which has elevated multi-element soil geochemistry over a distance of 1,800

metres.

The planned drilling program will cover an area of approximately 1,000 metres east to west and 300

metres north to south. Plans are subject to modification in the field based on results.

David Watkinson, President and CEO of Emgold stated, "Emgold is excited about the potential of the

Rozan Property and plans to continue exploration of the gold targets identified by Valterra and Emgold in

past work programs. We believe there is excellent potential for discovery".

About Emgold Mining Corporation

Emgold’s primary focus is permitting the re-opening of the Idaho-Maryland Project in California. The

Idaho-Maryland Mine produced 2.4 million ounces of gold at an average recovered grade of 0.43 ounces

per ton between 1862 and 1956. Once the Environmental Impact Report is complete, operating permits

are obtained, and subject to available financing, the Company plans to dewater and rehabilitate the

historic underground workings, conduct underground exploration, and ultimately, if exploration is

successful, construct a high grade underground gold operation capable of producing over 200,000 ounces

of gold per year.

Emgold has several other exploration properties located in the western U.S. and Canada. These include

the Buckskin Rawhide and Koegel Rawhide gold properties in Nevada and the Stewart and Rozan polymetallic

properties in British Columbia where it is conducting exploration activities. Emgold plans to

complete exploration on these properties with the goal of defining mineral resources.

Qualified Person

Technical information in this press release related to Canadian properties has been reviewed and approved

by Mr. Perry Grunenburg, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr.

Grunenburg supervises technical work related to Emgold’s Canadian properties. Similarly, technical

information in this press release related to U.S. properties has been reviewed and approved by Mr. Robert

Pease, P.Geo., a Qualified Persons as defined in National Instrument 43-101. Mr. Pease is responsible for

supervising the technical work related to Emgold’s U.S. Properteis.

On behalf of the Board of Directors

David G. Watkinson, P.Eng.

President & CEO

For further information please contact:

Tel: 604-687-4622 Toll Free: 1-888-267-1400

Email: info@emgold.com

This release was prepared by the Company's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information on the Company, investors should review the

Company's filings that are available at www.sedar.com or the Company's website at www.emgold.com. This news release includes certain statements that are

"forward-looking statements" within the meaning of applicable securities laws including statements regarding the timing of completion of the Final EIR for the Idaho-

Maryland Project, plans to dewater and rehabilitate the underground workings, the Company's other planned work programs, exploration potential, expected results,

and other statements. Forward-looking statements are based on certain assumptions that the City of Grass Valley and its consultants, which are funded by Emgold,

will complete the EIR in a reasonable timeframe, the City of Grass Valley will certify the EIR as complete, and the City of Grass Valley will approve the Conditional

Use Permit for the mine and approve other entitlements under their authority. They assume other permitting agencies overseeing the project on a local, state and

federal level will grant the permits needed for mining construction and operation. They assume that actual results of permitting and exploration are consistent with

management's expectations, that assumptions relating to exploration targets are accurate, and that necessary financing is available to complete the required exploration

work. They include assumptions about production rates, production grades, and gold recoveries. Although the Company believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may

differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements

include the failure to obtain the required permits and approvals, exploration results that are different than those anticipated, inability to raise or otherwise secure

capital to fund planned permitting, exploration, mine construction and development, and mine operations. Other risk factors include changes in metal prices, the price

of the Company's shares, the costs of labour, the cost of equipment, the cost of supplies, actual development and mining operation successes, exploitation and

exploration successes, approvals by federal, state, and local agencies, permitting delays, legal challenges to permits, general economic, market or business conditions,

and other factors beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and actual results or

developments may differ materially from those projected in the forward-looking statements. The Company does not intend to update or revise any forward-looking

information whether as to a result of new information, future events or otherwise, except as required by law.

 

PS; Not sure why we are drilling in BC Canada when our flag ship project is in CA USA.

Regardless it is nice to see something happening.

Bullboard Posts