| | Published : June 11th, 2008 | Intersects Tungsten and Molybdenum Mineralization In Trenching and Drilling At Stewart Property, |
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Wednesday,
June 11, 2008
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TSX Venture Exchange: EMR
OTC Bulletin Board: EGMCF
Frankfurt Stock Exchange: EML
U.S. 20-F Registration: 000-51411
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Emgold Intersects Tungsten and
Molybdenum Mineralization
In Trenching and Drilling At Stewart Property, Salmo, B.C.
Emgold Mining Corporation (EMR-TSX Venture) (the "Company" or
"Emgold") is pleased to announce results from its 2007 diamond
drilling program on the Stewart property, located near Salmo, B.C. Emgold
completed 3,338 metres of diamond drilling in 30 drill holes on the
property. A total of 1,285 core samples were obtained and shipped to a
laboratory for analysis. Emgold is very encouraged by the results of this
drilling program. Drill hole STW07-03 gave an impressive molybdenum
intersection of 0.308% Mo over 24.39 meters. This included 0.721% Mo over
3.05 meters. Drill hole STW07-16 gave a tungsten intersection of 0.274% W
over 9.16 meters, including 0.759% W over 1.58 meters.
One objective of the fall 2007 drill program was to further test and
verify the strong molybdenum breccia mineralization outlined by drilling
in 1980 and 1981 by Shell Canada, and further drilled by Emgold in 2005
(see Emgold news release dated November 28, 2005). A second objective,
and one designed to utilize the majority of the drill metreage, was to
test the strong tungsten mineralization encountered in trenching of the
Arrow Tungsten zone. (see Emgold's November 12, 2007 press release). The
molybdenum and tungsten zones are located in close proximity to one
another.
Prior to drilling, Emgold completed a total of 20 trenches on the Stewart
Moly and Arrow Tungsten Zones. The trenching program successfully
discovered tungsten mineralization along the Arrow Tungsten Zone. Values
of 1.171% tungsten over 2 metres (07ST-18) and 0.594% over 5 metres
(07ST-16) were encountered. The following table summarizes the trenching
over the Arrow Zone (previously
released November 12, 2007):
Table 1
Arrow Tungsten Zone Trenching
Summary of Significant Results
Trench #
|
From (m)
|
To (m)
|
Width (m)
|
W%
|
Zn %
|
|
|
|
|
|
|
07ST-08
|
0
|
3
|
3
|
0.156
|
|
Including
|
0
|
1
|
1
|
0.258
|
|
|
|
|
|
|
|
07ST-10
|
8
|
12
|
4
|
0.327
|
|
|
|
|
|
|
|
07ST-10A
|
grab
|
@1
|
0.2
|
0.168
|
|
|
grab
|
@3
|
0.2
|
0.259
|
|
|
grab
|
@6
|
0.2
|
0.133
|
|
|
|
|
|
|
|
07ST-12
|
0
|
1.5
|
1.5
|
0.278
|
|
|
grab
|
@2.5
|
0.1
|
0.281
|
|
|
|
|
|
|
|
07ST-14
|
6
|
12
|
6
|
0.120
|
|
Including
|
7
|
8
|
1
|
0.258
|
|
|
21
|
25.5
|
4.5
|
0.633
|
|
Including
|
22.5
|
24
|
1.5
|
0.942
|
1.91
|
Including
|
24
|
25.5
|
1.5
|
0.885
|
|
|
|
|
|
|
|
07ST-14A
|
0
|
3
|
3
|
0.697
|
|
Including
|
1
|
2
|
1
|
0.907
|
2.55
|
Including
|
2
|
3
|
1
|
0.987
|
2.07
|
|
|
|
|
|
|
07ST-15
|
18
|
20.5
|
2.5
|
0.304
|
|
|
23
|
27
|
4
|
0.111
|
|
Including
|
25
|
27
|
2
|
0.193
|
|
|
|
|
|
|
|
07ST-16
|
2
|
7
|
5
|
0.594
|
|
Including
|
2
|
3
|
1
|
1.011
|
1.43
|
Including
|
3
|
4
|
1
|
1.321
|
2.11
|
|
10
|
13
|
3
|
0.168
|
|
|
|
|
|
|
|
07ST-17
|
38
|
42
|
4
|
0.163
|
|
Including
|
38
|
40
|
2
|
0.300
|
1.34
|
|
|
|
|
|
|
07ST-18
|
36
|
40
|
4
|
0.595
|
|
Including
|
38
|
40
|
2
|
1.171
|
2.48
|
|
51
|
60
|
9
|
0.054
|
|
Including
|
51
|
54
|
3
|
0.121
|
|
|
|
|
|
|
|
07ST-19
|
29
|
30.5
|
1.5
|
0.520
|
|
|
36
|
42
|
6
|
0.061
|
|
|
|
|
|
|
|
07ST-20
|
33
|
36
|
3
|
0.045
|
|
A total of 24 diamond drill holes were placed to test the Arrow Tungsten
Zone. Many of these holes were placed to test beneath the trenches listed
in the above table. The following table summarizes the Arrow Zone
drilling and corresponding trenches, where applicable:
Table 2
Arrow Tungsten Zone Drilling
Summary of Significant Results
Hole #
|
From (m)
|
To (m)
|
Width (m)
|
W%
|
Associated Trench
|
STW07-08
|
3.96
|
6.10
|
2.14
|
0.178
|
07ST-08 and 09
|
|
|
|
|
|
|
STW07-10
|
92.97
|
94.49
|
1.52
|
0.369
|
07ST-10
|
|
|
|
|
|
|
STW07-13
|
43.4
|
45.0
|
1.6
|
0.267
|
O7ST-10
|
STW07-13
|
81.78
|
82.41
|
0.63
|
0.299
|
O7ST-10
|
|
|
|
|
|
|
STW07-15
|
44.73
|
46.02
|
1.29
|
0.510
|
O7ST-11
|
|
|
|
|
|
|
STW07-16
|
33.53
|
42.69
|
9.16
|
0.274
|
07ST-15
|
Including
|
35.06
|
36.58
|
1.52
|
0.351
|
|
and
|
39.67
|
41.09
|
1.42
|
0.463
|
|
and
|
41.09
|
42.67
|
1.58
|
0.759
|
|
|
|
|
|
|
|
STW07-17
|
35.06
|
36.58
|
1.52
|
0.284
|
07ST15 and 16
|
|
41.15
|
42.67
|
1.52
|
0.108
|
|
|
|
|
|
|
|
STW07-18
|
35.08
|
36.62
|
1.54
|
0.266
|
07ST-11 and 14
|
|
38.96
|
40.98
|
2.02
|
0.372
|
|
|
|
|
|
|
|
STW07-22
|
80.78
|
82.30
|
1.52
|
0.124
|
07ST-04
|
|
|
|
|
|
|
STW07-29
|
5.12
|
6.10
|
0.98
|
0.361
|
WEST
|
|
|
|
|
|
|
STW07-30
|
10.66
|
11.66
|
1.00
|
1.00
|
WEST
|
The significant intercepts listed in Table 2 represent a mineralized zone
of approximately 200 metres length, and depths of intercept to 94.49
metres. From the 24 diamond drill holes designed to test the tungsten
zone, the highest intercept was 1.00% in hole STW07-30. This narrow, high
grade intercept, and the intercept noted in hole STW07-29, lies to the
west of any tungsten mineralization yet discovered, and may represent a
parallel zone that has not yet been evaluated. Drill holes not listed did
not contain tungsten values of 0.1% or better.
Drill holes 20 and 21 were placed approximately 300 metres further north
from the main area of the Arrow Zone. Neither of these holes was
successful at penetrating the thick overburden located on the north side
of Stewart Creek.
The tungsten intercepts from the drilling program compare well with the
grade and widths encountered in the trenching program. All trench and
drill hole results have been entered into Gemcom-Surpac software for
further analysis.
Six diamond drill holes were placed to test for extensions to the
molybdenum bearing breccia body at the Stewart Moly Zone. The following
table summarizes significant intersections returned from analysis of core
from this drilling:
Table 3
Stewart Moly Zone Drilling
Summary of Significant Results
Hole #
|
From (m)
|
To (m)
|
Width (m)
|
Mo
|
STW07-01
|
131.06
|
132.17
|
1.11
|
0.080
|
|
135.16
|
136.50
|
1.34
|
0.072
|
|
|
|
|
|
STW07-03
|
47.85
|
48.77
|
0.92
|
0.055
|
|
54.86
|
79.25
|
24.39
|
0.308
|
including
|
63.09
|
66.14
|
3.05
|
0.721
|
|
|
|
|
|
STW07-10
|
92.97
|
94.49
|
1.52
|
0.126
|
|
|
|
|
|
STW07-13
|
17.67
|
19.34
|
1.67
|
0.072
|
|
|
|
|
|
STW07-15
|
44.73
|
46.02
|
1.29
|
0.057
|
|
|
|
|
|
STW07-16
|
21.34
|
22.87
|
1.53
|
0.148
|
|
22.87
|
24.38
|
1.51
|
0.051
|
|
33.53
|
35.06
|
1.53
|
0.053
|
|
|
|
|
|
STW07-18
|
32.01
|
33.53
|
1.52
|
0.080
|
|
35.08
|
36.62
|
1.54
|
0.068
|
|
|
|
|
|
STW07-29
|
5.12
|
9.14
|
4.02
|
0.082
|
including
|
5.12
|
6.10
|
0.98
|
0.113
|
and
|
7.62
|
9.14
|
0.98
|
0.092
|
|
|
|
|
|
STW07-30
|
10.66
|
11.66
|
1.00
|
0.095
|
Notes: Drill holes
not listed in Table 3 did not contain values for molybdenum of 0.05% or
better. Also, widths are not necessarily true widths.
Drill hole STW07-03 was drilled down through the molybdenum bearing
breccia body from the east flank, and diagonally transects the body from
east to west. The width and grade of intercept (24.39 metres of 0.308%
Mo) compares well with the historic drill results. However, nominal
mineralization and interpretations of hole STW07-01 along the north
margin of the breccia body suggest that this hole may have stopped short
of the main molybdenum bearing breccia. The remaining drill holes
(STW07-10 to STW07-30) listed in Table 3 were drilled along the Arrow
Tungsten zone. Molybdenum values along this zone are associated with
skarn depositional environments, and are coincident with elevated
tungsten values, as well as elevated zinc in places.
Rozan Drilling Program
A single drill hole of 107.29 metres length was completed on the Rozan
Property. This drill hole was designed to test the northerly strike
extension to the gold-bearing Rozan Main Vein. The vein had been drilled
by Emgold in 2000, and as previously reported, Hole 00ROZ-01 returned
1.45 g/t gold over 4.1 metres and hole 00ROZ-02 returned 60.73 g/t gold
over 0.25 metres (from Emgold news release dated October 6, 2003). The
property has the potential to host both high-grade gold in single quartz
veins and stockwork style low-grade gold in quartz vein systems. The 2007
drill hole 07ROZ-01 intersected a sequence of narrow 1 to 2 centimetre
size quartz veins. The highest assay returned from sampling of core was
0.2 grams per tonne over 1.7 metres. The main vein was not intersected in
this drill hole. Further drilling along the Main Vein, and within the
stockwork mineralized zone to the east, was postponed due to weather
constraints.
Idaho-Maryland Mine Update and Joint Venture Opportunities
Emgold is focused on the permitting and reopening of the Idaho-Maryland
Gold Mine located in Grass Valley, CA. Emgold is in the third and final
stage of completing the Environmental Impact Report for the project, and
expects the Draft Environmental Impact Report to be available in late
July. Emgold is exploring opportunities to advance its Stewart, Jazz and
Rozan properties through joint venture or other means. David Watkinson,
President and C.O.O. for Emgold stated, "We are excited by the
trenching and drilling results on our B.C. properties and believe these
properties have significant exploration potential for molybdenum,
tungsten, and gold. We would like to see these properties advanced for
our shareholders and believe finding a partner to further work on the
properties would be the best approach as we focus our energy and
resources on the Idaho-Maryland Project."
Perry Grunenberg, P.Geo., of PBG GEOSCIENCE, is the project supervisor
and "Qualified Person" for the purpose of National Instrument
43-101 who has reviewed and verified the contents of this news release.
For more information about Emgold, the Idaho-Maryland Gold Project in
Grass Valley, the Stewart, Rozan and Jazz Properties in British Columbia,
please visit www.emgold.com or www.sedar.com
On behalf of the Board of Directors
David Watkinson, P. Eng.
President, COO and Director
For further information please contact:
Jeffery Stuart, Manager of Business Development and Investor Relations
Tel: 1-888-267-1400 ext. 248
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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PRODUCER |
CODE : EMR.V |
ISIN : CA2909283087 |
|
| |
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. |
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