TSX Venture Exchange: EMR
OTC Bulletin Board: EGMCF
U.S. 20-F Registration: 000-51411
Frankfurt Stock Exchange: EML
VANCOUVER, June 25 /CNW/ - Emgold Mining Corporation (EMR-TSX Venture)
(the "Company" or "Emgold") is pleased to announce that the City of Grass
Valley ("City") has issued a Letter of Completeness to the Idaho-Maryland
Mining Corporation ("IMMC"), the US subsidiary of Emgold Mining Corporation,
engaged in permitting and subsequently re-developing the Idaho-Maryland Gold
Mine located in Grass Valley, California.
In June of 2006 the City completed a Master Environmental Assessment
("MEA"). The MEA outlined items regarding the development of the
Idaho-Maryland and was the initial basis for local community input. Emgold's
submission of revised application documents contained responses to City and
local resident input, including modifications to the original application to
address community interests. The process of submitting original documents and
then revising them, based on community input, is a standard and integral part
of any mine permitting process throughout the world regardless of
jurisdiction, and it is provided for under the California Environmental
Permitting Act ("CEQA").
With receipt of the Letter of Completeness, Emgold is looking forward to
initiating the next step of the permitting process, which includes the
preparation of the Initial Study by the City's consultants which should take
approximately four months to complete. Upon completion of the Initial Study,
the City and their consultants can begin the Environmental Impact Report
("EIR"). This phase of the permitting process is expected to take about six
months to complete. Following acceptance of the EIR, the City will determine
if a Conditional Mine Use Permit (a full mine operation permit) will be issued
to IMMC. Currently Emgold Mining Corporation anticipates the Permit may be
issued in approximately one year's time.
For more information about Emgold, the Stewart, Rozan and Jazz Properties
in British Columbia, the Idaho-Maryland Project and the Ceramext(TM) process,
please visit www.emgold.com or www.sedar.com.
On behalf of the Board of Directors,
William J. (Bill) Witte, P.Eng.
President and Chief Executive Officer
No regulatory authority has approved or disapproved the information
contained in this news release.
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company's
filings that are available at www.sedar.com or the Company's website at
For further information:
For further information: Michael O'Connor, Manager, Investor Relations,
Tel: (604) 687-4622, Fax: (604) 687-4212, Email: firstname.lastname@example.org