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Emgold to drill Molybdenum and Gold Properties in British Columbia
Emgold to drill Molybdenum and Gold Properties in British Columbia.
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, June 12 /CNW/ - Emgold Mining Corporation ("Emgold") is\npleased to announce that it has contracted Aggressive Diamond Drilling Ltd. to\nconduct 2,400 metres of drilling on its Stewart/Jazz Molybdenum and Gold\nProperty and the Rozan Gold Property, located in southeastern British\nColumbia.\n\n\nThe main focus of the exploration project on the Stewart/Jazz Property is\nto test an area that was previously explored and drilled by Shell Minerals and\nSelco Inc. in the early 1980's. The exploration programs conducted by these\ncompanies outlined three breccia phases that contain significant molybdenum\nmineralization. In 1980 Shell's best drill intercept was 57 metres grading\n0.46% MoS(2) (BC Ministry of Energy and Mines Assessment Report No. 10072). A\ntotal of 16 additional holes were drilled in 1981 by Shell and in 1983 by\nSelco. Their results were summarized in the BC Ministry of Energy and Mines\nMinfile No. 082FSW229 Report which states that "the (Phase II) breccia zone\ncontains 204,000 tonnes of 0.37% MoS(2)." Reports by Selco indicated the\npotential for a porphyry style molybdenum deposit adjacent to this Phase II\nbreccia zone (BC Ministry of Energy and Mines Assessment Report No. 12251).\nThe historic resource calculation reported here is not NI 43-101 compliant and\nmust not be relied upon for investment purposes.\n\n\nIn late 2005, Emgold conducted a 500 metre diamond drill program to test\nthe historic drill results as part of a due diligence program. Due to the\nfavourable results from Emgold's drill program, additional drilling to expand\nthe Stewart Moly mineralized area is planned. MoS(2) results of significance\nfrom Emgold's drill program are tabulated below:\n\n\nDRILL HOLE FROM TO WIDTH MoS(2)\nNO. (metres) (metres) (metres) (%)\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n05SM-01 1.00 138.70 137.70 0.051\n-------------------------------------------------------------------------\n Including 46.70 107.10 60.40 0.110\n-------------------------------------------------------------------------\n Including 59.10 62.30 3.20 0.449\n--------...