Emgold Mining Corp

Published : January 07th, 2008

Achieves Important Milestone In Gold Mine Permit Application

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Monday, January 07, 2008

TSX Venture Exchange: EMR
OTC Bulletin Board: EGMCF
Frankfurt Stock Exchange: EML
U.S. 20-F Registration: 000-51411

Emgold Achieves Important Milestone In Gold Mine Permit Application

Emgold Mining Corporation (EMR-TSX Venture) (the "Company" or "Emgold") is pleased to announce the completion of an important milestone in the permit application to reopen and operate the Idaho-Maryland Gold Mine located in Grass Valley, California. The Idaho-Maryland Gold mine historically was the second largest producing gold mine in California. From 1862 to 1956, the Idaho-Maryland Mine produced approximately 2.4 million ounces of gold at an average grade of 0.43 ounce per ton including 1 million ounces of gold contained in one million tons from the Idaho #1 Stope, the third largest bonanza ore shoot in the world.

The City of Grass Valley ("City") has completed the "Idaho-Maryland Mine Project Initial Study." Completion of the Initial Study marks the successful conclusion of Phase Two of the three Phase mine permitting process to reopen and operate the mine. Completion of the Initial Study is a significant achievement by Emgold and the City. Phase three of the permitting process, the preparation of the Environmental Impact Report ("EIR"), has commenced.

David Watkinson, President and COO of Emgold stated, "We are very pleased to see the permitting process progress to the third and final stage for the Idaho-Maryland Gold Mine. The Company's focus over the coming year will be to complete the California Environmental Quality Act ("CEQA") process, complete the Final Environmental Impact Report, and obtain the Conditional Mine Use Permit (CMUP) from the City.
We are very fortunate to be applying under CEQA, a well defined and controlled process through which over 40 gold mines have obtained their CMUP's since the early 1960's. In 2004, based on the latest statistics available, the National Mining Association reported that California was the largest non-fuel mineral producing state in the U.S., with 590 operating mines, employing 12,840 people, and contributing $3.7 billion directly to the state economy. Directly and indirectly, the mining industry in California contributed 75,900 jobs and $14.4 billion to the state economy. Emgold is developing the Idaho-Maryland Gold Mine in an environmentally and socially responsible manner, and is looking forward to making a positive contribution to the City of Grass Valley and the State of California."

ABOUT EMGOLD

Emgold Mining Corporation is a gold exploration and emerging production-company. Emgold is focused on the permitting, exploration and re-opening of the Idaho-Maryland Gold Mine, located in Grass Valley, California. The Grass Valley Mining District produced 17million ounces of gold from 1850 until 1956 at which time mines started shutting down due to the fixed gold price of $35 per ounce and rising labour costs following World War II. The Idaho-Maryland Gold Mine historically was the second largest underground gold mine in California and is located adjacent to the Empire/Northstar Mine which was last operated by Newmont Mining Corporation and produced 5.8 million ounces of gold. Over its operating life, the Idaho-Maryland Gold Mine produced 2.4 million ounces of gold. Emgold has a significant NI 43-101 compliant resource and has identified 26 large exploration targets and 216 resource blocks with significant additional exploration potential amongst a total of 754 exploration targets. To learn more about Emgold and to read a recent Wall Street Journal article please visit www.emgold.com.

 

On behalf of the Board of Directors,
Sargent H. Berner

Co-Executive Chairman

For further information please contact:
Michael O'Connor, Manager, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400
Email: info@emgold.com

 

No regulatory authority has approved or disapproved the information contained in this news release.

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. 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 market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. 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 .

Emgold Mining Corp

PRODUCER
CODE : EMR.V
ISIN : CA2909283087
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Emgold Mining is a gold development stage company based in Canada.

Emgold Mining holds various exploration projects in Canada.

Its main assets in production are IDAHO-MARYLAND in USA and ROZAN in Canada and its main exploration properties are JAZZ, STEWART and BUCKSKIN RAWHIDE in Canada.

Emgold Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 19.5 millions as of today (US$ 15.6 millions, € 13.7 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 9.90, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Emgold Mining has 79 710 000 shares outstanding.

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5/8/2012Grants Options Moves To OTCQB Status
Nominations of Emgold Mining Corp
8/21/2013Announces Change In Directors
5/11/2010Appoints New Chief Executive Officer
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11/1/2007Announces The Appointment Of President And Chief Operating O...
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6/17/2013(Buckskin Rawhide)Drilling to Commence on Emgold's Buckskin Rawhide East Prope...
4/8/2013(Stewart)Discovers New Gold Zone at its Stewart Property, B.C.
9/7/2012(Idaho-maryland)Idaho-Maryland Project Update
8/28/2012(Rozan)Commences 2012 Exploration Program Rozan Property, B.C.
2/15/2012Doubles Size of its Koegel Rawhide Gold-Silver Property, Nev...
2/6/2012(Buckskin Rawhide)Completes Acquisition and Expands its Buckskin Rawhide Gold ...
2/1/2012(Stewart)Announces Successful Results from its 2011 Core Drilling Pro...
1/30/2012(Buckskin Rawhide)s Gold Exploration Activities at its Buckskin Rawhide Proper...
1/25/2012(Rozan)Announces Successful Results 2011 Exploration Program Rozan ...
6/16/2011(Idaho-maryland)Advances Idaho-Maryland Gold Mine Permitting
4/11/2011(Idaho-maryland)Moves Forward with Idaho-Maryland Project Permitting
4/11/2011(Buckskin Rawhide)Expands Claim Position at its Buckskin Rawhide Gold-Silver P...
3/25/2011(Stewart)Announces Upcoming 2011 Field Exploration and Drilling Progr...
3/9/2011(Idaho-maryland)Announces Idaho-Maryland Project Update
1/12/2011(Buckskin Rawhide)Finds High Grade Gold at its Buckskin Rawhide Property, Neva...
7/23/2010(Idaho-maryland)Extends Lease And Option To Purchase Agreement For The Idaho...
1/7/2008(Idaho-maryland Mine)Achieves Important Milestone In Gold Mine Permit Application
11/16/2007(Stewart Property) Discovers Additional Tungsten Mineralization In Trenches At...
6/26/2007Achieves Important Permitting Milestone For Idaho-Maryland M...
Corporate news of Emgold Mining Corp
11/29/2013Announces Annual General Meeting and Special Meeting Results
9/4/2013Raises US$450,000 Through Real Estate Transaction
1/30/2013(Buckskin Rawhide)Announces Non-Brokered Private Placement Provides Update on ...
1/28/2013(Rozan)Intersects Gold at its Rozan Property, B.C.
9/10/2012Warrants Exercised
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7/18/2012to Re-Price and Extend Existing Warrants Offers Early Conver...
5/1/2012Retains Vanguard Shareholder Solutions for Investor Relation...
3/28/2012Identifies Gold Target at its Koegel Rawhide Gold-Silver Pro...
2/27/2012Finds High Grade Gold at its Recently Acquired Koegel Rawhid...
4/20/2011(Buckskin Rawhide)Finds More High Grade Gold And Silver at its Buckskin Rawhid...
8/7/2010Converts Series A Preference Shares And Accrued Dividends To...
9/23/2009Annual And Special Meeting
9/29/2008Presents The Idaho-Maryland Project Overview
9/21/2008Shareholder Update
2/6/2008 Receives Recent Coverage By Smartstox.Com
11/28/2007Completes Drilling On Its Molybdenum, Tungsten And Gold Prop...
8/1/2007Takes New Direction
4/11/2007Additional Exploration Targets At Idaho-Maryland Gold Mine
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