TSX Venture Exchange: EMR
OTC Bulletin Board: EGMCF
U.S. 20-F Registration: 000-51411
Frankfurt Stock Exchange: EML
VANCOUVER, Nov. 28 /CNW/ - Emgold Mining Corporation (EMR-TSX Venture)
(the "Company" or "Emgold") is pleased to announce that it has completed
3,450 metres (11,300 feet) of drilling in 31 drill holes on the Stewart/Jazz
Property and the Rozan Property, both located in south eastern British
The drilling program included the testing of two areas of mineralization
on the Stewart/Jazz Property. The first area has historically been explored
for molybdenum, having been drilled by Shell Minerals and Selco Inc. in the
early 1980's. Their exploration programs defined three intrusive breccia
phases that contain significant molybdenum mineralization (see Emgold June 12,
2007, news release). In late 2005, Emgold conducted a 500-metre diamond drill
program to test the historic drill results as part of a due diligence program.
Based on the favourable results from Emgold's drill program, additional
drilling was conducted this year to test for depth and lateral extensions to
the molybdenum-mineralized body. A total of 8 drill holes were completed
within and adjacent to the molybdenum zone.
The second area of drill testing on the Stewart/Jazz Property lies
adjacent to the Stewart Moly Zone and consists of an area of historic tungsten
mineralization that was explored in the 1940s by Cominco Ltd. Emgold completed
a trenching program this year on the tungsten-mineralized zone with
encouraging results (see Emgold November 16, 2007, news release). A total of
22 drill holes were completed within the tungsten zone.
Diamond drilling was also completed on the Rozan Property. 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 a
gold assay value of 60.73 g/t over 0.25 metres. The single drill hole was
completed in the 2007 program to further test the extent of this high grade
vein. Drilling has now been suspended due to winter weather conditions.
All drill core is being logged and sampled at a facility located in
Salmo, BC. Samples are currently being shipped directly to Assayers Canada
Ltd. in Vancouver, BC. Logging and sampling of core is scheduled for
completion by the end of November. Assay results are expected to be available
in the first quarter of 2008.
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,
President and Chief Operating 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