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Wednesday,
November 28, 2007
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TSX
Venture Exchange: EMR
OTC Bulletin Board: EGMCF
Frankfurt Stock Exchange: EML
U.S. 20-F Registration: 000-51411
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Emgold Completes Drilling On Its Molybdenum,
Tungsten And Gold Properties In British Columbia
Emgold Mining Corporation (EMR-TSX Venture) (the
"Company" or "Emgold") is pleased to announce that it
has completed 3,450 metres (11,300 feet) of drilling in 31 drill holes on
the Stewart/Jazz Property and the Rozan Property, both located in south
eastern British Columbia.
The drilling program included the testing of two areas of mineralization on
the Stewart/Jazz Property. The first area has historically been explored
for molybdenum, having been drilled by Shell Minerals and Selco Inc. in the
early 1980's. Their exploration programs defined three intrusive breccia
phases that contain significant molybdenum mineralization (see Emgold June
12, 2007, news release). In late 2005, Emgold conducted a 500-metre diamond
drill program to test the historic drill results as part of a due diligence
program. Based on the favourable results from Emgold's drill program,
additional drilling was conducted this year to test for depth and lateral
extensions to the molybdenum-mineralized body. A total of 8 drill holes
were completed within and adjacent to the molybdenum zone.
The second area of drill testing on the Stewart/Jazz Property lies adjacent
to the Stewart Moly Zone and consists of an area of historic tungsten
mineralization that was explored in the 1940s by Cominco Ltd. Emgold
completed a trenching program this year on the tungsten-mineralized zone
with encouraging results (see Emgold November 16, 2007, news release). A
total of 22 drill holes were completed within the tungsten zone.
Diamond drilling was also completed on the Rozan Property. Gold on the
Rozan Property is found in quartz veins, sheeted veins and stockwork zones.
A small (2-hole) diamond drill program was completed on the Rozan Property
by Emgold in 2000. One hole intersected the main Rozan quartz vein and
returned a gold assay value of 60.73 g/t over 0.25 metres. The single drill
hole was completed in the 2007 program to further test the extent of this
high grade vein. Drilling has now been suspended due to winter weather
conditions.
All drill core is being logged and sampled at a facility located in Salmo,
BC. Samples are currently being shipped directly to Assayers Canada Ltd. in
Vancouver, BC. Logging and sampling of core is scheduled for completion by
the end of November. Assay results are expected to be available in the
first quarter of 2008.
Mr. Perry Grunenberg, P.Geo. of PBG Geoscience is the project supervisor
and "Qualified Person" for the purpose of National Instrument
43-101 who has reviewed and verified the contents of this news release.
For more information about Emgold, the Idaho-Maryland Project in Grass
Valley, the Stewart, Rozan and Jazz Properties in British Columbia, please
visit www.emgold.com
or www.sedar.com.
On behalf of the Board of
Directors,
David Watkinson
President and Chief Operating Officer
For further information please contact:
Michael O'Connor, Manager, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212
Email: info@emgold.com
No regulatory
authority has approved or disapproved the information contained in this
news release.
This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts, that
address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects
are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's filings that are available at www.sedar.com or
the Company's website at www.emgold.com.
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