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Drilling at Emgold's Stewart Property Intersects High Grade Molybdenum Mineralization
Drilling at Emgold's Stewart Property Intersects High Grade Molybdenum Mineralization.
About this update from Emergent Metals Corp
[{"type":"text","content":"\n\n\n\n\nTSX Venture Exchange Symbol: EMR\nU.S. 20-F Registration: 000-51411\n\nVANCOUVER, Nov. 28 /CNW/ - Emgold Mining Corporation (\"Emgold\") is\npleased to announce that it has completed 403.86 m (1325 ft) of diamond\ndrilling in 5 holes on its Stewart Molybdenum Project, located near the\ncommunity of Salmo in south-eastern British Columbia. Mineralized breccia\nzones were intersected that returned promising molybdenum grades, including a\n35.91 metre section of 0.592% MoS2.\nThe Stewart Molybdenum Property was drilled during the early 1980s by\nShell Minerals and Selco Inc. This work outlined three breccia zones that\ncontain significant molybdenum mineralization. In 1980, Shell diamond drilled\n3 holes and returned a best intercept of 57 metres grading 0.46% MoS2. An\nadditional 16 holes were drilled in 1981 by Shell Minerals, and 4 by Selco in\n1983. The results of this drilling are summarized in the BC Ministry of Energy\nand Mines Minfile No. 082FSW229 Report which states that \"the (Phase II)\nbreccia zone contains 204,000 tonnes of 0.37% MoS2\". Reports by Selco\nindicated the potential for a porphyry style molybdenum deposit adjacent to\nthis Phase II breccia zone. The historic resource calculation reported here is\nnot NI 43-101 compliant and must not be relied upon for investment purposes.\nThe current 5-hole diamond drill program tested the historic drill\nresults by twinning two of the Shell Minerals 1980-1981 drill holes, drilling\nalong the breccia trend to the west, and by drilling within the breccia body\nthat hosts the molybdenum mineralization. Shell Minerals hole numbers 81-3 and\n81-9 were twinned by Emgold holes SM05-01 and SM05-02. Drill hole SM05-03 was\ndrilled in the opposite direction of previous drilling to test geologic\ntrending, and hole SM05-04 and SM05-05 were drilled through the breccia body\nto determine potential grade. Drill hole SM05-04 was discontinued at a shallow\ndepth due to difficult drilling conditions.\n\n>\n\n\n","length":6482,"tagName":"div"}]