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Emgold Mining Corp.
Summary
| Project: | Golden Arrow | |
|---|---|---|
| Deposit: | Golden Arrow | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 3/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 19-3-2018: Emgold Mining Corp. announces a Resource Estimation report for its Golden Arrow deposit at the Golden Arrow project. Updated Mineral resource estimate at Golden Arrow project. This technical report for the Golden Arrow project was prepared by M | |
| Resources: | (Resource): 12.172Mt @ 0.024oz/t Au, 0.33oz/t Ag (M+I), 3.79Mt @ 0.013oz/t Au, 0.33oz/t Ag (Inf.) | |
| CP/QP: | [Resources]: Odin D. Christensen (Hardrock Mineral Exploration Inc.) | |
| ABSTRACT: | This technical report for the Golden Arrow project was prepared by Mine Development Associates (“MDA”) and consulting minerals geologist Odin D. Christensen, C. P. G. at the request of Emgold Mining Corporation (“Emgold”). In December of 2017, Emgold entered into a non-binding letter of intent with Nevada Sunrise Gold Corporation (“Nevada Sunrise”) to purchase a 51% interest in the Golden Arrow property, together with a first option to acquire an additional 29% interest (the “First Option”) followed by a second option to acquire the final 20% interest in the Golden Arrow property (the “Second Option”). The Golden Arrow property is currently held by Intor Resource Corporation (“Intor”), a wholly-owned subsidiary of Nevada Sunrise, and is currently controlled by Nevada Sunrise. At various times in the project history, Intor carried out exploration work at Golden Arrow. The term Nevada Sunrise is used interchangeably to refer to Intor, except regarding land and legal matters. This report has been prepared in support of Emgold’s first-time disclosure of mineral resources at the Golden Arrow property. The authors prepared the “Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A.”, which was the initial technical report on the Golden Arrow property for Nevada Sunrise in 2008 (Ristorcelli and Christensen, 2008), the “Updated Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A.” dated May 1, 2009 (Ristorcelli and Christensen, 2009) and the “Updated Technical Report on Golden Arrow Project Nye County, Nevada, U.S.A” dated June 9, 2010 (Ristorcelli and Christensen, 2010). The authors are independent of both Emgold, the issuer, and Nevada Sunrise the vendor | |
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