VANCOUVER, BC — Emgold Mining Corp. has commenced fall and winter exploration activities on its Mindora Property in Nevada.
The Company's strategy is to:
- Organize, review, and analyze substantial historic exploration data from the past operators using the latest methods.
- Locate collars of historic drill holes in the field,
- Conduct surface geologic and structural mapping,
- Conduct geophysics on the property,
- Conduct geochemical surface sampling,
- Using the above date, design and permit a reverse circulation drill program to twin historic drill holes and test known mineralized zones.
- Conduct the drill program.
- Model historic and modern exploration data.
- Management may elect to modify exploration plans based on actual exploration results obtained during the program.
About the Mindora Property
Mindora is a gold, silver and base metal exploration property located 20 miles southeast of Hawthorne. The gold-silver zone is an epithermal, carbonate-hosted, structurally controlled deposit in the Luning Limestone Formation. The gold-silver zone overlies a porphyry system with molybdenum mineralization. There is also evidence of copper skarn and copper porphyry mineralization on the Property.
The Property was discovered and worked in the late 1800s. During the 1920s a limited amount of production came from a series of rich, silver-bearing veins. During the period 1946-1948, an estimated 10,000 tons of direct-shipping ore was mined from the property at unknown grade.
In the 1970s, geologists recognized the potential for epithermal gold and silver mineralization, and similarities to the nearby Santa Fe deposit and other carbonate-rich sediment-hosted gold deposits in Nevada. Several companies staked the property during this period, did limited sampling and geophysics, and then dropped their claims.
Hawthorne Gold Corp. acquired the property in 1979, and in the following year, brought in E & B Exploration Inc. as a joint-venture partner and operator. E & B completed programs of rock-chip sampling and trench sampling, surface and underground geologic mapping, geophysical surveys, and drilled approximately 31,425 ft. (9,578 m) in 134 holes (including a water-well and two diamond core holes). E & B's work developed four known mineralized zones.
Eureka Resources Inc. acquired E & B's interest in 1983. Eureka conducted IP, magnetic and VLF electromagnetic surveys, soil and rock-chip sampling and drilled an additional approximately 11,441 ft. in 40 holes. In 1988, Eureka commissioned metallurgical studies and a detailed review by Kilborn Engineering with the goal of developing a small open pit gold mine. Total drilling on the Property is therefore about 42,836 ft., mostly in vertical holes in the range of 200-400 ft., with a maximum drilling depth of 700 ft.
The data available on the property was generated through exploration prior to the implementation of National Instrument 43-101. No mineral resources or reserves have been defined on the property that meet NI 43-101 or CIM Standards of Disclosure.
Eureka failed to file assessment work on the claims in 2001 and Nevada Sunrise LLC and BL Exploration staked the property in 2001 and 2003 respectively, resulting in the current land package of the 30 NS and BLE Claims. Little exploration work has been done on the property since the last drilling program, completed in 1995.
In May 2019, Emgold announced by press release its intent to acquire 12 unpatented NS claims and 18 unpatented BLE claims making up the current property. Emgold has completed $50,000 in payments to BLE and is in the process of transferring the 18 unpatented claims from BLE to Emgold's U.S. subsidiary, Golden Arrow Mining Corporation. Emgold has made $75,000 in payments, to date, to NS and has three additional annual payments of $25,000 each to make to complete its acquisition of the 12 unpatented NS claims.
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