Frankfurt and Berlin Exchanges : EMLM KENNECOTT COMMENCES DIAMOND DRILLING AT THE NEW YORK CANYON COPPER PROPERTY, NV
EMGOLD MINING CORPORATION
Suite 1010 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
April 8, 2021 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt and Berlin Exchanges : EMLM
KENNECOTT
COMMENCES DIAMOND DRILLING
AT THE NEW YORK CANYON COPPER PROPERTY, NV
Vancouver, British Columbia - Emgold Mining Corporation (TSXV:EMR, OTC:EGMCF,
FRA:EMLM, BSE:EMLM) (“Emgold” or the “ Company”) is pleased to announce that Ken necott
Exploration Company (“ KEX”), a subsidiary of Rio Tinto plc (NYSE:RIO), has commenced diamond
drilling at the New York Canyon Copper Property, Nevada (the “Property”). The Property is subject to
an Earn-In with Option to Joint Venture Agreement (the “Agreement”) between Emgold and KEX.
The Property consists of 417 unpatented claims and 21 patented claims totaling approximately 8,700 acres.
It is in the Santa Fe Mining District, Mineral County, in west -central Nevada, about 30 mi. (48 km) from
the town of Hawthorne. The Property hosts copper oxide and sulfide skarn and porphyry mineralization.
Total historic drilling on the Property, to date, is 234 holes totaling about 139,000 ft. (43,000 m).
Kennecott can earn up to a 75% interest in the Property by completing up to US$22.5 million in exploration
expenditures (see Emgold’s February 11, 2020 press release available at www.emgold.com or under
Emgold’s corporate filings at www.sedar.com for more details). Under the terms of the Agreement, KEX
has a First Option to acquire a 55% undivided interest in the Property by incurring US$ 5.0 million in
expenditures over a 5 -year period, of which US$1.0 million is a committed expenditure that must be
completed prior to the 18-month anniversary of the Agreement.
The drilling contractor mobilized to the site on March 22 nd. Current plans are to drill five diamond drill
holes to test three exploration targets , the Copper Queen, Longshot Ridge, and Ideal targets. The Ideal
target is a previously untested magnetic anomaly that is located south of Copper Queen. Initial plans are
for four holes to be in the 400-500 m length and one hole to be 750 m in length. Hole lengths will be subject
to adjustment based on results being obtained in the field as the drilling is being done.
A UAV magnetic survey has also commenced o ver a portion of the claim block. Additional geologic
mapping and surface sampling is planned for second and third quarters of 2021.
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the
content of this press release.
About Emgold
Emgold is a gold and base metal exploration company focused on Nevada and Quebec. The Company’s
strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them
through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders
(acquisition and divestiture (A&D) business model).
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In Nevada, Emgold’s Golden Arrow Property, the c ore asset of the Company, is an advanced stage gold
and silver property with a well-defined measured and indicated resource. New York Canyon is a base metal
property subject to an Earn- in with Option to Joint Venture Agreement with Kennecott Exploration, a
subsidiary of Rio Tinto Plc (NYSE:RIO). The Mindora Property is a gold, silver, and base metal property
located 12 miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to
Rawhide Mining LLC, operators of the adjacent Rawhide Mine.
In Quebec, the Casa South Property, is an early-stage gold property adjacent to Hecla Mining Corporation’s
(NYSE:HL) operating Casa Berardi Mine. The East-West Property is a gold property adjacent to and on
strike with Wesdome Gold Mine Ltd.’s ( TSX:WDO) Kiena Complex and O3 Mining Corporation’s
(TSX:OIII) Ma larctic Property (Marban Project) . Emgold also has a 1% NSR in the Troilus North
Property, part of the Troilus Mine Property being explored by Troilus Gold Corporation (TSX:TLG).
Note that the location of Emgold’s properties adjacent to producing or past producing mines does not
guarantee exploration success at Emgold’s properties or that mineral resources or reserv es will be
delineated. For more information on the Company, investors should review the Company’s website
at www.emgold.com or view the Company’s filings available at www.sedar.com.
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information, please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note on Forward-Looking Statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking
statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information
are based on facts currently available to the Company and there is no assurance that actual results will meet management’s
expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”,
“estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein
are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploratio n and
development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title
disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking
statements and information are not guarantees of future per formance and readers should not place undue importance on such
statements as actual events and results may differ materially from those described herein. The Company does not undertake to
update any forward-looking statements or information except as may b e required by applicable securities laws. The Company's
Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including
any technical reports filed with respect to the Company's mineral properties.