More High Grade Gold-Silver At Buckskin Rawhide Property
VANCOUVER, BC - Emgold Mining Corporation reported results of its surface exploration activities at its Buckskin Rawhide property, located about 40 miles south of Fallon, Nevada. Surface sampling of the Black Eagle Vein has resulted in additional high grade rock chip samples, as listed in Table 1 below, with the two best results assaying 4.12 ounces per ton ("opt") gold and 9.0 opt silver, and 2.38 opt gold and 6.80 opt silver respectively. Emgold has identified a zone of high grade gold and silver mineralization, approximately 360 feet long to date, and open to further extension.
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. 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 Black Eagle Fault is a prominent north-trending structure situated on the west side of Emgold's claim block. The surrounding bedrock is volcanic and includes latite and breccia. To date, the structure plus adjacent bedrock has been sampled over a total distance of 1,800 feet, and gold-silver mineralization has been identified that is related to the fault and occurs over a measured strike length of 1,100 feet (and open to extension). This mineralized zone is called the Black Eagle Vein and consists of fault gouge, quartz veins, and silicified wall rocks overprinted with iron-manganese oxides. Within the Black Eagle Vein, Emgold has identified a mineralized zone that contains very high grade gold mineralization. Within this mineralized zone are several small historic workings over a distance of 450 feet on strike, which Emgold has named the Black Eagle Shaft and, from south to north, Black Eagle Stopes 1, 2, 3, and 4. The zone is interpreted to be a deeply dipping mineralized shoot. Emgold is using a methodical and detailed approach to assessing the Black Eagle Vein in order to determine boundaries of currently identified gold mineralization and in order to locate new areas of gold mineralization. Using this method, a round of samples is taken in a relatively small area of interest along the Black Eagle Vein and analyzed. At the same time, new geology mapping is completed by the Company. Using the results, the next area to be sampled and mapped is identified. The high grade mineralized shoot has now been extended to 360 feet length by this current sampling program, and is open to extension. To date, Emgold has taken 64 rock chip samples and five grab samples of historic waste rock dumps on the Buckskin Rawhide Property. The current round of surface samples completed by Emgold's geologists focused on the Black Eagle Vein and Fault and was designed to better determine the boundaries of the high grade mineralized shoot summarized above. Thirteen rock chip-channel samples, each 12 inches in width, were taken in bedrock across the known Black Eagle Vein structure. When possible, sample locations were situated adjacent to previous Emgold sample sites, to obtain continuous samples across the structure. Dry sample weights varied from one to two pounds. President Dave Watkinson said, "These latest samples further indicate the potential for discovery at the Buckskin Rawhide Property. The potential for high grade vein mineralization on the property has clearly been demonstrated and warrants additional exploration. The potential for both high grade vein mineralization and bulk disseminated mineralization exists and we believe the Buckskin Rawhide Property has been a strategic acquisition by the Company." The company's address is Suite 1400, 570 Granville Street, Vancouver, BC V6C 3P1, 604.687.4622, fax: 604.687.4212.