Frankfurt and Berlin Exchanges: Emlm Emgold Announces Initiation of an Airborne Magnetic-Radiometric Geophysics Survey at Its Koegel Rawhide Property, Nv
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
January 21, 2021 TSX Venture Exchange: EMR
OTC: EGMCF
Frankfurt and Berlin Exchanges: EMLM
EMGOLD ANNOUNCES INITIATION
OF AN AIRBORNE MAGNETIC-RADIOMETRIC GEOPHYSICS SURVEY
AT ITS KOEGEL RAWHIDE PROPERTY, NV
Vancouver, British Columbia - Emgold Mining Corporation (TSX -V: EMR) ( “Emgold” or the
"Company") announces that it ha s contracted with Precision GeoSurveys Inc. to perform an airborne
magnetic-radiometric survey at its Koegel Rawhide Property, NV (the “Property”). Plans are to conduct
an 87 line-km survey, covering an area of about 3.9 square kilometers, consisting of the entire claim block
of 36 unpatented claims.
The goal of the survey is to apply modern geophysics to the Property with the goal of identifying gold and
silver exploration targets. Once specific goal of the program is to better define a known exploration target
called the T -10 Zone and an associated alteration zone identified by mapping and sampling that is about
6,000 feet long by 500 feet long (see below). Results from the survey are expected in first quarter 2021.
About the Koegel Rawhide Property
The Property is a volcanic -hosted, structurally controlled, epithermal gold -silver prospect in the Walker
Lane gold belt of western Nevada. The Walker Lane is a regional shear zone and known gold trend that
hosts large and small historic and currently operating gold-silver mines, including in the Comstock Lode,
Tonopah District and Rawhide District. The Property is located approximately 45 miles southeast of Fallon,
NV and is four miles south of the operating Rawhide Mine (aka Denton Rawhide Mine). The Rawhide
Mine has produced 1.8 million ounces of gold and 14.9 million ounces of silver from 1990 through 2019.
The Property's geology and mineralization are associated with lithologic units and structures of the Rawhide
volcanic center, as well as structures f rom the Walker Lane and Basin and Range. Gold and silver
mineralization is present at the Property based on historic randomly spaced surface sampling. A total of
464 samples were taken in geologically derived locations in the years 1991-1992. The results of the historic
grab samples ranged from non-detectable to 2 ounces per ton gold, and from non-detectable to 11 ounces
per ton silver. The methods and quality control from the historic sampling are unknown and cannot be
verified to comply with NI 43-101 Standards of Disclosure for Mineral Projects ("NI 43 -101")
requirements, but the results are considered reliable for exploration purposes.
Historic sampling identified a higher -grade area named the T -10 Zone. Historic sampling in this area
included 13 samples ranging in grades from 0.004 to 1.99 ounce per ton gold, with an average grade of 0.52
ounces per ton gold. In 2012, Emgold took 11 rock chip-channel and grab samples in the T -10 Zone, the
results of which were disclosed in a February 27, 2012 pre ss release, including the quality assurance
program and quality control methods. The grade of the samples ranged between non- detectable and 1.60
ounce per ton gold, with an average grade of 0.27 opt gold. Results of Emgold's sampling compared
favorably with historic sampling on the Property.
Emgold subsequently completed grade contouring of the historic and Emgold surface sample data on the
Property. The contouring indicated the presence of a mineralized zone with a strike length of up to 6,000
feet and average width of 200 feet. The dimensions of the mineralized zone are based on the presence of
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detectable gold at 50 ppb to over 2,000 ppb. Mapping indicates an alteration zone of approximately 6,000
feet by 500 feet in size.
Note that proximity of the Property to Rawhide Mine does not guarantee exploration success and no current
mineral resources or reserves have been defined on the Property. Further information on the Property can
be found on Emgold's website at www.emgold.com.
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).
In Nevada, Emgold’s Golden Arrow Property, the core 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 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, who operate the adjacent Rawhide Mine and represents a royalty opportunity for the
Company.
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) M alarctic 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 reserves 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 respon sibility for the adequacy or accuracy of this
release.
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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 exploration 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 performance 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 be 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.