Emgold Comments ON Troilus GOLD Project Update
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
May 7, 2019 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD COMMENTS ON TROILUS GOLD PROJECT UPDATE
Vancouver, British Columbia - Emgold Mining Corporation (TSXV: EMR) ("Emgold" or the
"Company") is pleased to note that Troilus Gold Corporation ( TSX: TLG ) (“Troilus Gold ”) has
reported new drill results from its 2019 exploration program at its Troilus Gold Project, located within the
Frotêt-Evans Greenstone Belt in Quebec, Canada. Intercept highlights reported include:
36 metres of 1.10 g/t AuEq, including 6 metres of 11.36 g/t AuEq and 6 metres of 4.46 g/t AuEq
in hole TLG-ZJ419-094; and
90 metres of 0.91 g/t AuEq, including 12 metres of 1.32 g/t AuEq and 16 metres of 1.37 g/t AuEq
in hole TLG-ZJ419-103.
Emgold has a strategic i nvestment in Troilus Gold of 3.75 million common shares, representing 6.2% of
the issued and outstanding share capital of Troilus Gold. Details of all the drilling results and QA/QC
program can be found in Troilus Gold’s press release, dated May 7, 2019 on Troilus Gold’s website at
www.troilusgold.com or on its company’s corporate filing at www.sedar.com.
Troilus Gold states that t he 2019 drilling program has been designed, in part, to extend the near surface
mineralization down dip in the J Zone of the Troilus Gold Project, specifically below the J4 open pit. The
new intercepts in this zone are successfully showing a c lear continuation of the typical gold bearing
lithology that defined the 2018 open pit resource estimate. Furthermore, results are showing a potential
thickening of mineralization in the lower levels of the 2018 whittle constraining shell used in that
resource estimate.
Troilus Gold intends to drill over 40,000 meters as part of its 2019 exploration program, targeting zones
Z87, Z87 South, the J Zone and J4 North (see Troilus Gold press release dated February 7, 2019 for an
overview of mineral zones and drill targets).
Qualified Person
The scientific and technical information in this news release was reviewed and approved by Alain
Moreau, P. Geo., Director of Exploration, a qualified person as defined by NI 43-101.
About Emgold
Emgold is a Vancouver based gold exploration and mine development Company with exploration
properties located in the Quebec, Nevada, and British Columbia. These include the Golden Arrow,
Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide properties in Ne vada, an option
to acquire up to a 91% interest in the Casa South Property in Quebec, and the Stewart and Rozan
properties located in British Columbia. The Company has a strategic investment of 3.75 million shares of
Troilus Gold Corporation (TSX: TLG) who are advancing the Troilus Gold Property in Quebec.
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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
This news release contains forward -looking statements and forward -looking information (collectively, "forward -looking statements")
within the meaning of applicable Canadian and U.S. securities legislat ion, including the United States Private Securities Litigation
Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements
regarding the anticipated results from exploration activ ities, the discovery and delineation of mineral deposits/resources/reserves and the
anticipated business plans and timing of future activities of the Company, are forward -looking statements. Although the Company
believes that such statements are reasonabl e, it can give no assurance that such expectations will prove to be correct. Forward -looking
statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" an d similar
expressions, or are those, which, by their nature, refer to future events.
The Company cautions investors that any forward -looking statements made by the Company are not guarantees of future results or
performance, and that actual results may differ materially from those in forward -looking statements as a result of various factors,
including exploration, development, or mining activities on the Emgold’s Properties, exploration on the Troilus Gold Property completed
by Troilus Gold Corporation, operating and technical difficulties in connection with mineral exploration and development activities, the
estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, th e costs of
production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future
prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and mar ket price
for commodities, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining
operations, title disputes, the inability of the Company to obtain any necessary permits, consents or authorizations required , including
TSX Venture Exchange acceptance of any other current or future property acquisitions or financings and other pla nned activities, the
timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint ventu re operations,
and other risks and uncertainties disclosed in the Company's latest interim Management's Discus sion and Analysis and filed with certain
securities commissions in Canada. The Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers
are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
The Company does not undertake to update any forward -looking information provided in this press release or Management's Discussion
and Analysis, except as, and to the extent required by, applicable securities laws. For more information on the Company and its business,
investors should review the Company’s annual information form and other regulatory filings filed with securities commissions or similar
authorities in Canada that are available on SEDAR at www.sedar.co m. The Company reviews its forward -looking statements on an
ongoing basis and updates this information when circumstances require it.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company undertakes no obligation to u pdate any
of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.