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June 25, 2007 TSX
Venture Exchange: EMR
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OTC
Bulletin Board: EGMCF
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Frankfurt
Stock Exchange: EML
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U.S.
20-F Registration: 000-51411
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EMGOLD MINING
ACHIEVES IMPORTANT PERMITTING MILESTONE FOR THE IDAHO-MARYLAND MINE
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Emgold Mining Corporation (EMR-TSX Venture) (the Company or Emgold) is
pleased to announce that the City of Grass Valley (City) has issued a
Letter of Completeness to the Idaho-Maryland Mining Corporation (IMMC), the
US subsidiary of Emgold Mining Corporation, engaged in permitting and
subsequently re-developing the Idaho-Maryland Gold Mine located in Grass
Valley, California.
In June of 2006 the City completed a
Master Environmental Assessment (MEA).
The MEA outlined items regarding the development of the Idaho-Maryland
and was the initial basis for local community input. Emgolds submission of revised application
documents contained responses to City and local resident input, including
modifications to the original application to address community
interests. The process of submitting
original documents and then revising them, based on community input, is a
standard and integral part of any mine permitting process throughout the
world regardless of jurisdiction, and it is provided for under the California
Environmental Permitting Act (CEQA).
With receipt of the Letter of
Completeness, Emgold is looking forward to initiating the next step of the
permitting process, which includes the preparation of the Initial Study by
the Citys consultants which should take approximately four months to
complete. Upon completion of the
Initial Study, the City and their consultants can begin the Environmental
Impact Report (EIR). This phase of
the permitting process is expected to take about six months to complete. Following acceptance of the EIR, the City
will determine if a Conditional Mine Use Permit (a full mine operation
permit) will be issued to IMMC.
Currently Emgold Mining Corporation anticipates the Permit may be
issued in approximately one years time.
For more information about Emgold, the Stewart, Rozan and Jazz
Properties in British Columbia, the Idaho-Maryland Project and the Ceramext
process, please visit www.emgold.com or www.sedar.com.
On behalf of the Board of Directors,
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William J. (Bill) Witte, P.Eng.
President
and Chief Executive Officer
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For further information please contact:
Michael OConnor, Manager, Investor
Relations
Tel: (604) 687-4622 Fax:
(604) 687-4212
Email: info@emgold.com
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No regulatory authority has
approved or disapproved the information contained in this news release.
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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.
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Emgold Mining Corp
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PRODUCER |
CODE : EMR.V |
ISIN : CA2909283087 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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$ 5.2 millions as of today (US$ 3.8 millions, € 3.5 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. |