Emgold Expands Casa South Property, Quebec

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[{"type":"text","content":"Emgold Expands Casa South Property, QuebecVANCOUVER, BC / ACCESSWIRE / February 5, 2020 / Emgold Mining Corporation (TSXV:EMR) (\"Emgold\" or the \"Company\") announces that it expanded its Casa South Property, QC (\"Casa South\" or the \"Property\") with the addition of 24 mineral claims totaling approximately 1,320 ha (3,260 ac). The total size of the Property is now 204 claims totaling 11,400 ha (28,170 ac). Casa South is immediately south of Hecla Mining Corporation's (\"Hecla\") (HL) operating Casa Berardi Mine and immediately north of IAMGOLD Corporation's (\"IAMGOLD\") (IMG) (IAG) Gemini-Turgeon Property.In a January 7, 2020 press release Hecla announced 2019 production at the Casa Berardi Mine was 134,409 ounces of gold (press release is available on Hecla's website or under their corporate filings at sedar.com). Note that the proximity of the Casa South Property to Casa Berardi Mine or the Gemini-Turgeon Property does not guarantee exploration success at Casa South. No mineral resources or reserves have yet been delineated at Casa South.Emgold has completed a second amendment (the \"Second Amendment\") to the option agreement (the \"Option Agreement\") dated January 28, 2019 between Emgold and Greg Exploration Inc. and Affiliates (collectively known as the \"Vendors\") (see Emgold press release dated March 19, 2019 for details on the Option Agreement). The Second Amendment adds the additional 24 mineral claims to Schedule A of the Option Agreement, defining the Property as the 204 claims. All 204 are owned by Emgold but are subject to a one and half percent (1.5%) Net Smelter Royalty (\"NSR\") payable to the Vendors. A half percent (0.5%) of said NSR can be repurchased by Emgold for an amount of C$500,000. Emgold is now in the process of transferring the 24 claims from the Vendor into Emgold's name.About EmgoldEmgold is a junior gold and base metal exploration company focused on Nevada and Quebec, the #1 and #4 jurisdictions for mining investment according to the Fraser Institute's Annual Survey of Mining Companies, 2018. The Company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders. Emgold's properties include ownership or options to acquire 100% owner...

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