Emgold Expands CASA South Property, Quebec
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
February 5, 2020 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLM
EMGOLD EXPANDS
CASA SOUTH PROPERTY, QUEBEC
Vancouver, British Columbia - Emgold Mining Corporation (TSXV: EMR) (“Emgold” or the
“Company”) announces that it expanded its Casa South Property, QC (“Casa South” or the “Property”)
with the addition of 24 mineral claims totaling approximately 1,320 ha (3,260 ac). The total size of the
Property is now 204 claims totaling 11,400 ha (28,170 ac). Ca sa South is immediately south of Hecla
Mining Corporation’s (“Hecla”) (NYSE: HL) operating Casa Berardi Mine and immediately north of
IAMGOLD Corporation’s (“IAMGOLD”) (TSX: IMG, NYSE: IAG) Gemini-Turgeon Property.
In a January 7, 2020 press release Hecl a announced 2019 production at the Casa Berardi Mine was
134,409 ounces of gold (press release is available on Hecla’s website or under their corporate filings at
sedar.com). Note that the proximity of the Casa South Property to Casa Berardi Mine or the G emini-
Turgeon Property does not guarantee exploration success at Casa South. No mineral resources or reserves
have yet been delineated at Casa South.
Emgold has completed a second amendment (the “Second Amendment”) to the option agreement (the
“Option Agreement”) dated January 28, 2019 between Emgold and Greg Exploration Inc. and Affiliates
(collectively known as the “Vendors”) (see Emgold press release dated March 19, 2019 for details on the
Option Agreement). The Second Amendment adds the additional 24 mineral claims to Schedule A of the
Option Agreement, defining the Property as the 204 claims. All 204 are owned by Emgold but are subject
to a one and half percent (1.5%) Net Smelter Royalty (“NSR”) payable to the Vendors. A half percent
(0.5%) of said NSR can be repurchased by Emgold for an amount of C$500,000. Emgold is now in the
process of transferring the 24 claims from the Vendor into Emgold’s name.
About Emgold
Emgold is a junior gold and base metal exploration company focused on Nevada and Quebec, the #1 and
#4 jurisdictions for mining investment according to the Fraser Institute’s Annual Survey of Mining
Companies, 2018. The Company’s strategy is to look for qu ality 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. Emgold’s pr operties include ownership or options to
acquire 100% ownership in the Golden Arrow, Buckskin Rawhide East, New York Canyon, Mindora,
Buckskin Rawhide West, and Koegel Rawhide Properties in Nevada . In Quebec, the Company owns the
Casa South Property and, a s announced by press release on December 12, 2019, options to earn up to a
55% interest in the East -West Property. 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.
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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”, “estim ates”, “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 resour ces
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 Cana dian 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.