Emgold Provides Property Update

About this update from Emergent Metals Corp

[{"type":"text","content":"Emgold Provides Property UpdateVANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Emgold Mining Corporation (TSXV:EMR)(OTC PINK:EGMCF)(FRA:EMLM)(BSE:EMLM) (\"Emgold\" or the \"Company\") announces the following update on its New York Canyon and East-West Properties. New York Canyon Property, NevadaEmgold has completed the transfer of 21 patented claims and 60 unpatented claims from Searchlight Resources Corporation (SCLT) (\"Searchlight\") into Emgold's Nevada subsidiary, Golden Arrow Mining Corporation. Total claims owned by Emgold at New York Canyon, through its subsidiary, now include 21 patented claims and 152 unpatented claims. Emgold is in the process of transferring a reclamation bond from Searchlight to Emgold's subsidiary, which is the final step in its acquisition of the core claims of the New York Canyon Property from Searchlight.Emgold's claims, combined with 265 unpatented claims staked by Kennecott Exploration Company (\"Kennecott\"), a subsidiary of Rio Tinto PLC (RIO), now total 21 patented claims and 417 unpatented claims encompassing about 8,700 acres that make up the current New York Canyon Property. Kennecott and Emgold signed an Earn-in with Option to Joint Venture Agreement (the \"Agreement\") whereby Kennecott can earn up to a 75% interest in the Property by completing up to US$22.5 million in exploration expenditures (see press releases dated Feb. 11, 2020 and Mar. 30, 2020). Kennecott is committed to spending US$1.0 million in exploration expenditures at New York Canyon within 18 months of the signing of the Agreement.East-West Property, QuebecAs announced by press release on December 11, 2019, Emgold is in the process of acquiring a 50% interest in the East-West Property in Quebec, with an option of acquiring an additional 5% interest. The East-West Property is situated in the Val d'Or Mining Camp between Wesdome Mining Corporation's (WDO) (\"Wesdome\") Kiena Mine and O3 Mining Corporation (OIII) (\"O3 Mining\") Marban Block Property.On June 25, 2020, Wesdome announced the filing of an independent Preliminary Economic Assessment (\"PEA\") for the Kiena Mine, which was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mining Projects (\"NI 43-101\"). The Technical Report, titled \"Preliminary Economic Assessment for the Kiena Mine Complex Project\" was prepared by BBA Inc. The P...

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