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Emgold Mining Announces Inferred Resources At The Idaho-Maryland Mine Surpasses One Million Ounces
Emgold Mining Announces Inferred Resources At The Idaho-Maryland Mine Surpasses One Million Ounces.
About this update from Emergent Metals Corp
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange: EMR\n\n\nOTC Bulletin Board: EGMCF\n\n\nU.S. 20-F Registration: 000-51411\n\n\nFrankfurt Stock Exchange: EML\n\n\nVANCOUVER, March 1 /CNW/ - Emgold Mining Corporation (EMR - TSX-V)\n("Emgold" or the "Company") is pleased to report that the total inferred\nmineral resources at the Idaho-Maryland Mine in Grass Valley, California, have\nnow surpassed one million ounces of contained gold. The inferred total\nresource using the historic Mine Call Factor ("MCF") of 1.44 includes 43,000\ntons ("t") with an average grade of 0.93 ounces of gold per ton ("opt") to\ncontain 40,000 ounces of contained gold. An additional 5,000t grading 2.05 opt\nincreases the total inferred contained gold to 1,002,000 ounces of contained\ngold. The mine also has a measured and indicated resource consisting of\n1,666,000t grading 0.28 opt using the MCF to contain 472,000 contained ounces\nas presented in the Company's November 2004 Technical Report prepared by Amec\nAmericas Ltd. All resources are summarized in the table below.\n\n\nSixteen new gold resource blocks have been identified using the Company's\ncomputerized models increasing the total number of resource blocks to 216.\nEach of the 216 resource blocks is a target for further surface and\nunderground exploration. Approximately 70 percent of the new resources are\nfrom primary veins including the Idaho No. 1 Vein, which produced one million\nounces of gold from one million tons over 30 years, and the Idaho No. 3 Vein.\nThese veins show remarkable continuity down-dip; continuous structures that\nwere mined to depths of over 2000 feet. In addition, the majority of the new\ninferred resources were identified at the deeper levels of the mine where\nhistoric mine operations excavated drifts in veins and detailed sampling was\nconducted to plan future mining activities. Mining of the veins between the\ndrifts (termed stoping) never occurred because stoping of primary and\nsecondary veins essentially ended at the Idaho 2000 mine level. However, the\nmine levels below the 2000 level were developed and sampled in preparation for\nfuture mining.\n\n\nComputer modeling of historic assay data was completed last year and is\nbeing used to determine the sites of potential new resource blocks and\nexploration targets. In addition to th...