Emgold to drill Molybdenum and Gold Properties in British Columbia



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

    VANCOUVER, June 12 /CNW/ - 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 No. 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 No. 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 No. 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.
    Mr. Perry Grunenberg, P.Geo. of PBG Geoscience is the project supervisor
and "Qualified Person" for the purpose of National Instrument 43-101 who has
reviewed and verified the contents of this news release.

    For more information about Emgold, the Idaho-Maryland Project in Grass
Valley, the Stewart, Rozan and Jazz Properties in British Columbia, 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
www.emgold.com.





For further information:

For further information: Michael O'Connor, Manager, Investor Relations,
Tel: (604) 687-4622, Fax: (604) 687-4212, Email: info@emgold.com

Organization Profile

EMGOLD MINING CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890