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Emgold Mining Expands New York Canyon Property

Mining News - Published on Thu, 21 Nov 2019

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Emgold Mining Corporation announced that it has staked 92 additional claims, expanding the size of its recently optioned New York Canyon Property. Emgold now controls 152 unpatented and 21 patented mineral claims located in the Santa Fe Mining District, Mineral County, in west-central Nevada. The Property is located about 30 miles southeast of Hawthorne, Nevada. Emgold signed an option agreement to acquire a 100% interest in the Property from Searchlight Resources Inc. The acquisition includes a significant database of historic information. To date, 234 holes have been drilled on the Property by past operators, totalling 139,056 feet. Three main exploration targets, identified with historic drilling, include the Longshot Ridge, Champion, and Copper Queen areas. These targets host copper oxide skarn and sulfide porphyry style copper & molybdenum mineralization.

A 2010 Technical Report completed by Searchlight identified a resource for the Longshot Ridge deposit, which Emgold is treating as a historic resource

A second historic resource was also identified by Conoco, a past operator, for the Copper Queen deposit, in the late 1970's

Emgold is in the process of inventorying and organizing historic information on the Property that it acquired from Searchlight and other sources. Much of this data is in paper format and the Company is in the process of scanning this information and converting it to a digital format. Emgold's geologists will subsequently organize and analyze the historic data an input it into computer databases for analysis using modern geological software programs. They will then develop a new exploration model and exploration plan for the Property. Given the volume of information, it is expected the above work will take a number of months to complete.

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Posted By : Rabi Wangkhem on Thu, 21 Nov 2019
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