Emgold Appoints New CFO and Corporate Secretary, Announces New Office Address
September 04 2012 - 8:30AM
Marketwired Canada
Emgold Mining Corporation ("Emgold") (TSX
VENTURE:EMR)(OTCQB:EGMCF)(FRANKFURT:EML) is pleased to announce that it has
appointed Grant T. Smith, CA as Chief Financial Officer ("CFO") and Lisa Maxwell
as Corporate Secretary. Effective September 1, 2012, accounting services for the
Company will be contracted with Clearline Chartered Accountants and corporate
secretarial services will be contracted with Sequoia Corporate Services, both
located in Vancouver, B.C.
Mr. Smith is a Chartered Accountant and has over a decade of experience in the
accounting field. He is the senior partner with Clearline Chartered Accountants,
a firm of chartered accountants with offices in Vancouver, North Vancouver and
White Rock. Mr. Smith serves as the CFO for several Canadian TSX Venture mining
companies with operations in Canada, the USA, and Mexico. Prior to establishing
Clearline, Mr. Smith was at PricewaterhouseCoopers where he spent several years
working with companies operating in the mineral sector. He also has extensive
experience serving private companies in various industries as well as
not-for-profit organizations. Mr. Smith is also active in serving his community,
supporting both the arts and social services by serving on various Boards. He
was formerly the President of the Vancouver Chamber Choir and served as the
treasurer of the MS Society for five years. Mr. Smith is currently the treasurer
of the Honour House Society. He holds a BFA (1984) from York University and
received his designation as a CA in 2005.
Ms. Maxwell brings 18 years of business and entrepreneurial experience to her
position as Corporate Secretary with Emgold. She is an active member of the
Canadian Society of Corporate Secretaries (CSCS), and has been the Corporate
Secretary for a number of technology and natural resources companies, both
privately held and publicly traded on the TSX Venture Exchange.
As of September 1, 2012, Emgold's corporate address will change to:
Emgold Mining Corporation
Suite 1010 - 789 West Pender Street
Vancouver, British Columbia
Canada V6H 1H2
(604) 998 1298
(604) 985 7664
Emgold management wishes to thank Mr. Ken Yurichuk, CFO of the Company until
August 31, 2012, for his services over the last several years. He will remain as
a Director of the Company.
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 poly-metallic 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 Person as defined in National
Instrument 43-101. Mr. Pease is responsible for supervising the technical work
related to Emgold's U.S. Properties.
On behalf of the Board of Directors
David G. Watkinson, P.Eng., President & CEO
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.
U.S. 20-F Registration: 000-51411
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