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Emgold achieves important milestone in gold mine permit application
TSX Venture Exchange: EMR OTC Bulletin Board: EGMCF U.S. 20-F Registration: 000...
About this update from Emergent Metals Corp
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange: EMR\nOTC Bulletin Board: EGMCF\nU.S. 20-F Registration: 000-51411\nFrankfurt Stock Exchange: EML\n\n\nVANCOUVER, Jan. 7 /CNW/ - Emgold Mining Corporation (EMR-TSX Venture)\n(the "Company" or "Emgold") is pleased to announce the completion of an\nimportant milestone in the permit application to reopen and operate the\nIdaho-Maryland Gold Mine located in Grass Valley, California. The\nIdaho-Maryland Gold mine historically was the second largest producing gold\nmine in California. From 1862 to 1956, the Idaho-Maryland Mine produced\napproximately 2.4 million ounces of gold at an average grade of 0.43 ounce per\nton including 1 million ounces of gold contained in one million tons from the\nIdaho No. 1 Stope, the third largest bonanza ore shoot in the world.\n\n\nThe City of Grass Valley ("City") has completed the "Idaho-Maryland Mine\nProject Initial Study." Completion of the Initial Study marks the successful\nconclusion of Phase Two of the three Phase mine permitting process to reopen\nand operate the mine. Completion of the Initial Study is a significant\nachievement by Emgold and the City. Phase three of the permitting process, the\npreparation of the Environmental Impact Report ("EIR"), has commenced.\n\n\nDavid Watkinson, President and COO of Emgold stated, "We are very pleased\nto see the permitting process progress to the third and final stage for the\nIdaho-Maryland Gold Mine. The Company's focus over the coming year will be to\ncomplete the California Environmental Quality Act ("CEQA") process, complete\nthe Final Environmental Impact Report, and obtain the Conditional Mine Use\nPermit (CMUP) from the City. We are very fortunate to be applying under CEQA,\na well defined and controlled process through which over 40 gold mines have\nobtained their CMUP's since the early 1960's. In 2004, based on the latest\nstatistics available, the National Mining Association reported that California\nwas the largest non-fuel mineral producing state in the U.S., with 590\noperating mines, employing 12,840 people, and contributing $3.7 billion\ndirectly to the state economy. Directly and indirectly, the mining industry in\nCalifornia contributed 75,900 jobs and $14.4 billion to the state economy.\nEmgold is developing the Idaho-Maryland Gold Mine ...