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Gold/Mining/Energy : The Molybdenum Discussion Board
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To: basserdan who wrote (2983)6/12/2007 9:44:59 AM
From: Land Shark   of 3267
 
Edit: Don't know much about this company, but past drilling results look compelling to me. Nasty chart though.

Emgold to drill Molybdenum and Gold Properties in British Columbia

prnews

TSX Venture Exchange: EMR OTC Bulletin Board: EGMCF U.S. 20-F Registration: 000-51411 Frankfurt Stock Exchange: EML

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Emgold Mining Corporation
("Emgold") is pleased to announce that it has contracted Aggressive Diamond
Drilling Ltd. to conduct 2,400 metres of drilling on its Stewart/Jazz
Molybdenum and Gold Property and the Rozan Gold Property, located in
southeastern British Columbia.

The main focus of the exploration project on the Stewart/Jazz Property is
to test an area that was previously explored and drilled by Shell Minerals and
Selco Inc. in the early 1980's. The exploration programs conducted by these
companies outlined three breccia phases that contain significant molybdenum
mineralization. In 1980 Shell's best drill intercept was 57 metres grading
0.46% MoS(2) (BC Ministry of Energy and Mines Assessment Report # 10072). A
total of 16 additional holes were drilled in 1981 by Shell and in 1983 by
Selco. Their results were summarized in the BC Ministry of Energy and Mines
Minfile # 082FSW229 Report which states that "the (Phase II) breccia zone
contains 204,000 tonnes of 0.37% MoS(2)." Reports by Selco indicated the
potential for a porphyry style molybdenum deposit adjacent to this Phase II
breccia zone (BC Ministry of Energy and Mines Assessment Report # 12251). The
historic resource calculation reported here is not NI 43-101 compliant and
must not be relied upon for investment purposes.

In late 2005, Emgold conducted a 500 metre diamond drill program to test
the historic drill results as part of a due diligence program. Due to the
favourable results from Emgold's drill program, additional drilling to expand
the Stewart Moly mineralized area is planned. MoS(2) results of significance
from Emgold's drill program are tabulated below:


    DRILL HOLE        FROM           TO            WIDTH          MoS(2)
    NO.             (metres)      (metres)       (metres)          (%)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    05SM-01           1.00         138.70         137.70          0.051
    -------------------------------------------------------------------------
     Including       46.70         107.10          60.40          0.110
    -------------------------------------------------------------------------
     Including       59.10          62.30           3.20          0.449
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05SM-02           0.00          92.35          92.35          0.059
    -------------------------------------------------------------------------
     Including        0.00          26.30          26.30          0.130
    -------------------------------------------------------------------------
     Including        0.00          16.15          16.15          0.189
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05SM-03           0.00          85.65          85.65          0.041
    -------------------------------------------------------------------------
     Including       66.40          83.80          17.40          0.088
    -------------------------------------------------------------------------
     and             40.00          55.70          15.70          0.068
    -------------------------------------------------------------------------
     and             32.65          36.88           4.23          0.067
    -------------------------------------------------------------------------
     and             16.00          17.00           1.00          0.180
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05SM-04           0.00          13.11          13.11          0.118
    -------------------------------------------------------------------------
     Including       10.90          12.00           1.10          0.292
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05SM-05           0.00          75.29          75.29          0.313
    -------------------------------------------------------------------------
     Including       37.85          73.76          35.91          0.597
    -------------------------------------------------------------------------
     and              0.00          20.50          20.50          0.091
    -------------------------------------------------------------------------
    Note: Results above presented as MoS(2)% calculated from Mo% for
    consistency with historic exploration results.



Adjacent to the Stewart Moly Zone is an area of historic tungsten
mineralization contained in massive sulphides that was explored in the 1940s
by Cominco Ltd. In conjunction with the molybdenum exploration, trenching and
drilling will be completed on the tungsten targets. Grab samples collected by
Emgold returned values of 1.23% WO(3) and 4.0% Zn from the historic trenches.
These trenches exposed a 1 metre wide mineralized zone for 300 metres along
strike. Historic tungsten grades along the entire strike length, reported by
Cominco averaged 1.0% WO(3).

15 kilometres southwest of the Stewart/Jazz Property, Emgold also owns the
Rozan Property which hosts gold mineralization. Gold on the Rozan Property is
found in quartz veins, sheeted veins and stockwork zones. A small (2-hole)
diamond drill program was completed on the Rozan Property by Emgold in 2000.
One hole intersected the main Rozan quartz vein and returned gold assay value
of 60.73 g/T over 0.25 metres. The second drill hole tested an area of sheeted
"Fort Knox style" quartz veinlets and returned 1.45 g/T Au over 4.1 metres. In
2007, Emgold will follow up these prior gold drill intercepts with an
additional 600 metres of diamond drilling.

Trenching is expected to commence on the Stewart/Jazz Property in late
July with drilling on Stewart/Jazz and Rozan Properties to follow in August.
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