Emgold Completes 100% Acquisition of the Buckskin Rawhide West Property, Nevada

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[{"type":"text","content":"Emgold Completes 100% Acquisition of the Buckskin Rawhide West Property, Nevada(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / March 26, 2018 - Emgold Mining Corporation (TSXV: EMR) (\"Emgold\" or the \"Company\"): is pleased to announce that it has completed the final acquisition of a one hundred (100%) percent interest in its Buckskin Rawhide West Property, Nevada (the \"Property\"). The Property is located approximately 40 miles southeast of the city of Fallon in the Rawhide Mining District, and three miles west of the active Rawhide Mine. The Rawhide Mine is owned and operated by Rawhide Mining LLC. Formerly operated by Kennecott Minerals Company, the Rawhide Mine is reported to have produced 1.7 million ounces of gold and 14.1 million ounces of silver from the years 1990 to 2014 (Source: Nevada Bureau of Mines and Geology Special Publication MI-2014). \n\n\n \nTerms of the Agreement\n\n\n \nAs announced by the Company on February 6, 2012, Emgold originally signed a Lease and Option to Purchase Agreement with Jeremy C. Wire to acquire the PC and RH Claims (21 unpatented lode mining claims totaling 420 acres), which comprise the Buckskin Rawhide West Property. The PC and RH Claims will remain subject to a two (2%) percent net smelter returns (\"NSR\") royalty should any future production occur from the claims. The entire NSR royalty can be purchased for USD$1 million at any time (less any previous royalty payments already made).\n\n\n \nEmgold views the Property as a strategically located property situated within three miles of an operating mine and within 0.3 miles of two known exploration targets, Toiyabe and Black Eagle, that occur on the Buckskin Rawhide East and Rawhide Mine properties. The Property complements Emgold's Buckskin Rawhide East Property, which is located 0.3 miles to the east of the Property. The Buckskin Rawhide East Property is currently leased from Emgold by Rawhide Mining LLC, who has the option of acquiring the property by bringing it into commercial production. In the event Rawhide Mining LLC exercises the option, Emgold's interest in the Buckskin Rawhide East Property would convert to a royalty interest. \n\n\n \nBuckskin Rawhide West Property Details\n\n\n \nThe Buckskin Rawhide West property is a volcanic-hosted, structurally controlled, epithermal gold-silver prospect in the Wa...

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