Emgold Identifies Gold Exploration Target
VANCOUVER, BC - Emgold Mining Corporation reported continued successful results of its surface exploration activities at the Buckskin Rawhide Property ("Property"), located about 40 miles south of Fallon, Nevada. Surface sampling of the eastern half of the Buckskin Rawhide claim block in the Chicago Mountain area, conducted by Emgold, combined with historic surface sampling and drilling data, has resulted in the definition of a new low grade bulk disseminated gold exploration target that is exposed on the ground surface. The target, as defined to date, is approximately 4,000 feet long by 400 feet wide and occurs completely within Emgold's claim block. Historic reverse circulation drilling in the area indicates mineralization in the zone has been identified to depths of 165 feet, and the zone is open for expansion in several directions.
This exploration target has potential for delineation of gold and silver mineral resources that could be recovered using open pit mining techniques. Note that such an estimate is conceptual in nature and there has been insufficient exploration to define a National Instrument 43-101 - Standards of Disclosure for Mineral Properties ("NI 43-101") compliant mineral resource and, until further exploration is completed, it is uncertain whether exploration will result in the target being delineated as a mineral resource.
This is the second significant exploration target found by Emgold thus far on the Buckskin Rawhide Property. Emgold's prior exploration on the Property was focused on the Black Eagle Vein situated on the west side of Emgold's claim block. Surface sampling of that structure resulted in the discovery of high-grade gold-silver mineralization containing up to 9.0 ounces per ton gold in a steep-dipping mineralized shoot.
The Buckskin Rawhide Property is comprised of 52 unpatented claims totaling 1,040 acres, of which 46 claims are currently under a lease and option to purchase agreement with Nevada Sunrise LLC, a private company. Six additional claims were staked by Emgold. The Property is located in the Rawhide Mining District and is situated adjacent to Pilot Gold Inc.'s Regent gold-silver property and to Rawhide Mining Company's Rawhide Mine. The Buckskin Rawhide Property is a volcanic-hosted, structurally controlled, epithermal gold-silver prospect in the Walker Lane gold belt of western Nevada. The Walker Lane is a regional shear zone and known gold trend that hosts large and small historic and currently operating gold-silver mines, including mines of the Comstock Lode, Tonopah District and Rawhide District. Buckskin Rawhide geology and mineralization are associated with lithologic units and structures of the Rawhide caldera, as well as structures from the Walker Lane and Basin and Range.