Emgold Mining announces additional exploration targets at the Idaho-Maryland Gold Mine
April 11 2007 - 9:30AM
PR Newswire (US)
TSX Venture Exchange: EMR OTC Bulletin Board: EGMCF U.S. 20-F
Registration: 000-51411 Frankfurt Stock Exchange: EML VANCOUVER,
April 11 /PRNewswire-FirstCall/ -- 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 Emgold's website at
http://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 Emgold's 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(TM) process, please visit http://www.emgold.com/ or
http://www.sedar.com/. On behalf of the Board of Directors, William
J. (Bill) Witte, P.Eng. President and Chief Executive Officer 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
http://www.sedar.com/ or the Company's website at
http://www.emgold.com/. CONTACT: Michael O'Connor, Manager,
Investor Relations, Tel: (604) 687-4622, Fax: (604) 687-4212,
Email: DATASOURCE: Emgold Mining Corporation CONTACT: Michael
O'Connor, Manager, Investor Relations, Tel: (604) 687-4622, Fax:
(604) 687-4212, Email:
Copyright