Berlin Exchange : Emlm Emgold Completes Acquisition of 50% Interest IN East-WEST Property, Quebec
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
November 11, 2020 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLM
Berlin Exchange : EMLM
EMGOLD COMPLETES ACQUISITION OF 50%
INTEREST IN EAST-WEST PROPERTY, QUEBEC
Vancouver, British Columbia - Emgold Mining Corporation (TSXV:EMR, OTC:EGMCF,
FRA:EMLM, BSE:EMLM) (“Emgold” or the “Company”) announces it has completed the acquisition
of 50% ownership in the East -West Property, Quebec ( “East-West” or the “ Property”). Details of the
transaction are contained in a press release dated December 11, 2019 found at www.emgold.com or under
Emgold’s corporate filings at www.sedar.com. Emgold has a further option to acquire up to a 55% interest
in the Property.
About the East-West Property
East-West is located in the Val d’Or Mining Camp on strike, west of, and adjacent to Wesdome Gold Mines
Ltd.’s (TSX:WDO) Kiena Complex Property, which hosts the past producing Kiena Mine. The Kiena
Complex produced more than 2.8 million ounces of gold from 1981 to 2013 and has a permitted 2,000
tonne per day milling and refining complex currently on care and maintenance. On June 25, 2020,
Wesdome announced a positive Preliminary Economic Assessment, prepared in accordance with National
Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43 -101”) for its Kiena Mine
Complex Project (see Wesdome’s press release dated June 25, 2020 at www.wesdome.com or under that
company’s corporate filings at www.sedar.com).
It is also on strike, east of, and adjacent to O 3 Mining Inc.’s ( TSXV:OIII) Malarctic Property, which
contains three past producing Mines (Marban, Norlartic, and Kierrans). These mines produced more than
590,000 ounces of gold. O3 Mining recently announced a positive Preliminary Economic Assessment,
prepared in accordance with NI 43-101 for its Marban Project, which is part of the Malarctic Property (see
O3 Mining’s press release dated September 8, 2020 at www.o3mining.ca or under that company’s corporate
filings at www.sedar.com). The Marban Project and associated Marban resource is located just to the
northwest of the East-West Property boundary.
Note that the location of the Property adjacent to the Kiena Complex or Malarctic Properties does not
guarantee exploration success or that mineral resources and mineral reserves will be delineated on the East-
West Property.
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
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through sale, joint ventu res, 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). 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, which Emgold has a n option on to
acquire up to a 55% interest, 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 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 th e 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 informat ion
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 fu ture 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 d oes 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.