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Emgold Mining Corp.
Summary
| Project: | Troilus North | |
|---|---|---|
| Deposit: | Troilus North | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Molybdenum | |
| Date: | 11/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2018: Emgold Mining Corp. announces a Supporting Acquisition report for its Troilus North deposit at the Troilus North project. Summary of property in support of acquisition. This report on the Troilus North Property, Quebec (the “Property”), dated O | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Theberge (Solumines) | |
| ABSTRACT: | This report on the Troilus North Property, Quebec (the “Property”), dated October 10, 2018 has been prepared for Emgold Mining Corporation (“Emgold”) and conforms to National Instrument NI 43-101. It has been prepared to support Emgold’s option and potential acquisition of the Property from Chimata Gold Corporation (“Chimata”) and to obtain approval of the proposed transaction from the Toronto Venture Exchange (the “Exchange”). The Property consists of 209 claims in one contiguous block totalling 11,308.76 ha located in NTS sheet 32O01. Osisko Mining Inc. holds a three claims block interior to the Property around what is known as the Holmstead boulder. The Property is located, approximately 160 km north of town of Chibougamau, and is adjacent to the north of the past-producing Troilus Mine. The Property is easily accessible from regional Trans Taiga road going from Chibougamau to Nemiscau and from a well maintained secondary gravel road to the former Troilus Mine up to the southern boundary of Property. Access within the Property requires helicopter and/or all-terrain vehicle (“ATV”) support. The Property is located adjacent to the former Troilus Mine, previously operated by Inmet Mining Corporation as a 20,000 tonnes per day underground and open pit operation. From 1997 to 2010, Troilus Mine produced more than 2 million ounces of gold and 70,000 tonnes of copper. The J4 open pit at Troilus Mine is located about two kilometers southwest of the Troilus North Property boundary. The former Troilus Mine was acquired by Troilus Gold Corporation (“Troilus Gold”; TSX: TLG) in 2018. Troilus Gold is completing exploration at Troilus Mine with the goal of delineating additional mineral resources, defining mineral reserves, and potentially bringing the mine back into production (see Troilus Gold's website at www.troilusgold.com). | |
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