Business
Emgold Mining Corporation Provides Corporate Update and Outlines Plans for 2020
VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Emgold Mining Corporation (TSXV:EMR) (" Emgo...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emgold Mining Corporation Provides Corporate Update and Outlines Plans for 2020VANCOUVER, BC / ACCESSWIRE / January 21, 2020 / Emgold Mining Corporation (TSXV:EMR) (\"Emgold\" or the \"Company\") is pleased to provide the following corporate update and plans for the fiscal year 2020.2019 HighlightsEmgold's business strategy is to search for strategic acquisitions in a \"buyer's market\", add value to those assets through exploration, and look for opportunities to monetize these assets through sale, joint venture, option, or other business transactions. The Company is focused on Nevada and Quebec, the #1 and #4 jurisdictions for mining investment in the world, respectively, according to the Frasier Institute's Annual Survey of Mining Companies, 2018.Emgold's goal during 2019 was to expand its portfolio of assets in Nevada and Quebec. During the year, the following transactions were completed:Option to acquire 100% interest in the New York Canyon Property, NV.Options to acquire 100% interest in the Mindora Property, NV.Acquisition of a 100% interest in the Casa South Property, QC.Options to acquire up to a 55% interest in the East-West Property, QC.In addition, the Company completed a drill program at its Casa South Property, QC. Significant work was done collecting and organizing exploration data from acquisitions.Emgold's Portfolio of AssetsAs part of its business strategy, Emgold has accumulated a diverse and prospective group of exploration properties in Nevada and Quebec. These include:Golden Arrow, NV (100% owned)Golden Arrow is an advanced stage district scale exploration property that has an extensive database of information, including 61,300 meters (201,000 feet) of drilling. A 2018 Technical Report completed by Emgold outlines a gold and silver resource (see October 2018 press release). A Plan of Operations and Environmental Assessment have been completed that allows for a major drilling program to move forward, subject to financing.New York Canyon, NV (option to acquire 100% interest)New York Canyon is an advanced stage exploration property with a database that includes 234 drill holes drilled totalling 42,400 meters (139,056 feet). It hosts three known copper exploration targets - Longshot Ridge, Champion and Copper Queen. A 2010 Technical Report was completed by Searchlight Resources Inc. (TSXV: SCLT) identified an ox...