Emgold Completes Acquisition of 50% Interest in East-West Property, Quebec

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[{"type":"text","content":"Emgold Completes Acquisition of 50% Interest in East-West Property, QuebecVANCOUVER, BC / ACCESSWIRE / November 11, 2020 / Emgold Mining Corporation (TSXV:EMR)(OTC PINK:EGMCF)(FRA:EMLM)(BSE:EMLM) (\"Emgold\" or the \"Company\") announces it has completed the acquisition of 50% ownership in the East-West Property, Quebec (\"East-West\" or the \"Property\"). Details of the transaction are contained in a press release dated December 11, 2019 found at www.emgold.com or under Emgold's corporate filings at www.sedar.com. Emgold has a further option to acquire up to a 55% interest in the Property.About the East-West PropertyEast-West is located in the Val d'Or Mining Camp on strike, west of, and adjacent to Wesdome Gold Mines Ltd.'s (TSX:WDO) Kiena Complex Property, which hosts the past producing Kiena Mine. The Kiena Complex produced more than 2.8 million ounces of gold from 1981 to 2013 and has a permitted 2,000 tonne per day milling and refining complex currently on care and maintenance. On June 25, 2020, Wesdome announced a positive Preliminary Economic Assessment, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") for its Kiena Mine Complex Project (see Wesdome's press release dated June 25, 2020 at www.wesdome.com or under that company's corporate filings at www.sedar.com).It is also on strike, east of, and adjacent to O3 Mining Inc.'s (TSXV:OIII) Malarctic Property, which contains three past producing Mines (Marban, Norlartic, and Kierrans). These mines produced more than 590,000 ounces of gold. O3 Mining recently announced a positive Preliminary Economic Assessment, prepared in accordance with NI 43-101 for its Marban Project, which is part of the Malarctic Property (see O3 Mining's press release dated September 8, 2020 at www.o3mining.ca or under that company's corporate filings at www.sedar.com). The Marban Project and associated Marban resource is located just to the northwest of the East-West Property boundary.Note that the location of the Property adjacent to the Kiena Complex or Malarctic Properties does not guarantee exploration success or that mineral resources and mineral reserves will be delineated on the East-West Property.Qualified PersonRobert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of ...

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