Emgold Mining Corp

Published : April 11th, 2007

Additional Exploration Targets At Idaho-Maryland Gold Mine

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Keywords :   Gold | Gold Mine | Gold Producer | Idaho | Market |

 

April 11, 2007 TSX Venture Exchange: EMR

OTC Bulletin Board: EGMCF

Frankfurt Stock Exchange: EML

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

 

Emgold Mining Announces Additional Exploration Targets

at the Idaho-Maryland Gold Mine

 

Emgold Mining Corporation (EMR-TSX-V) ("Emgold or the Company") is pleased to report that 240 new gold exploration targets have been identified at the Idaho-Maryland Gold Mine located in Grass Valley, California. These new gold exploration targets are in addition to the 272 exploration targets announced in the April 2, 2007, news release, bringing the total number of new exploration targets identified since January, 2007 to 512. These targets are in addition to the 26 large conceptual exploration targets and 216 resource blocks currently included in the Measured, Indicated and Inferred Resource categories for the Idaho-Maryland. The previously identified 216 resource blocks remain the highest priority zones for underground definition drilling which would be aimed at upgrading the current resource estimates into the proven and probable reserve categories.

With the identification of 512 exploration targets, the Idaho-Maryland Mine has the potential to be one of the largest high-grade underground gold exploration targets in North America. The new exploration targets are being identified as a result of continued work on a computerized assay model using historical data. This data was digitized in 2006 and is now being evaluated and is undergoing further analysis.

The Idaho-Maryland Gold Mine, discovered in 1851, produced gold from 1862 through 1956 and is the second largest historical underground gold producer in California. There were 55 production targets identified at the time the mine shut down due to the low price of gold. The recorded production was 2,383,000 ounces of gold from 5,546,000 short tons for a recovered grade of 0.43 ounces of gold per short ton. The historic workings extend down 3,280 feet from surface although there were plans made to explore and possibly mine to the 5,200 level. The Idaho-Maryland ore body remains open at depth for further exploration and development.

The 512 new exploration targets are zones of gold mineralization on established historic mine levels or in drill holes where extensive mining and stoping did not take place. The targets are derived from historic assay and geologic maps that show the results of sampling of quartz veins and mineralized rock units. Many targets are situated near known gold resources, some are near intensively mined areas, and many are on mine levels that were developed but never stoped. The majority of the new exploration targets are located on the shallow Brunswick veins from the Brunswick 490 Level to the Brunswick 1300 Level, with additional targets located on deep Idaho veins down to the Idaho 2830 Level. Illustrations of the Idaho-Maryland resource blocks and newly identified exploration targets are presented on Emgolds website at www.emgold.com.

These newly defined exploration targets are not yet qualified as resource blocks, although some are expected to meet the required criteria and may be classified as resource blocks after further review. Sixteen inferred resource blocks containing 50,000 ounces of gold were advanced from exploration targets to inferred resource blocks after further modeling. These inferred resource blocks were announced in Emgolds news release of March 1, 2007. Geological evaluations are on-going and additional exploration targets and resources may be defined going forward.

All geological work on the Idaho-Maryland Mine is under the supervision of Mr. Robert Pease, Professional Geologist (California), Chief Geologist for the Idaho-Maryland Project and a Qualified Person as defined in National Instrument 43-101.

For more information about Emgold, the Stewart, Rozan and Jazz Properties in British Columbia, the Idaho-Maryland Project and Golden Bear Ceramics and the Ceramext process, please visit www.emgold.com or www.sedar.com.

 

On behalf of the Board of Directors,

 

William J. (Bill) Witte, P.Eng.

President and Chief Executive Officer

 

For further information please contact:

Michael O'Connor, Manager, Investor Relations

Tel: (604) 687-4622 Fax: (604) 687-4212

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.

 

 



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Emgold Mining Corp

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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$ 19.9 millions as of today (US$ 15.9 millions, € 14.0 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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6/16/2011(Idaho-maryland)Advances Idaho-Maryland Gold Mine Permitting
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3/9/2011(Idaho-maryland)Announces Idaho-Maryland Project Update
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7/23/2010(Idaho-maryland)Extends Lease And Option To Purchase Agreement For The Idaho...
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8/7/2010Converts Series A Preference Shares And Accrued Dividends To...
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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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