Positive Soil Sampling Results Expanding And Adding Exploration Targets At Mindora Property

VANCOUVER - Emgold Mining Corporation reported results of a soil sampling program at its Mindora Property, Nevada. A total of 1,254 soil samples were taken on the eastern half of the Property. Gold and silver assay results indicate that mineralization in the historic resource area (HRA) can be expanded from an east-west strike length of 2,000 ft (600 m) to 6,000 ft (1,800 m). In addition, four other secondary exploration areas were identified outside the HRA for further work.

Mineralization discovered on the Property includes epithermal gold and silver, and porphyry style molybdenum below the gold and silver mineralization. There is also evidence of copper skarn and porphyry mineralization from historic surface sampling on the Property.

Since acquiring the Property in 2020, Emgold has staked 117 additional unpatented claims at Mindora, bringing the total number of claims to 147, encompassing about 2,940 acres. The claim expansion was designed to cover mineralized structures, the historic resources, and visible alteration zones.  Analysis of the geophysical data indicates that the targets within the HRA are on the edge of, and within, a magnetic low area. The Mindora and the North Targets are in this low, although the Mindora Target is on the edge of it. Soil sample assays, historic workings, and a graben zone with stockwork veining are within the magnetic low. Some of the magnetics results correlate well with faults and lithologies.

In 2021, the Company contracted with Rangefront Mining Services to collect 1,254 soil samples on the eastern half of the Property. The goal of the soils survey was to expand current historic resource areas and also to identify new exploration targets away from the known historic resource areas. The survey grid consisted of 100 ft sample spacing, with sample lines 400 ft apart. Soil samples were analyzed by ALS USA Inc.

Emgold's technical team conducted a statistical analysis of the sample assays and created a series of maps showing the sample results from key pathfinder elements, including gold, silver, molybdenum, and copper. The results were overlayed onto the geology and geophysics maps. The soil sample results combined with geology and geophysics data indicate that the HRA can be expanded from a strike length of 2,000 ft (600 m) to 6,000 ft (1800 m) and has a width of up to 1,000 ft (300 m.

Geologic structures in the HRA include a fault graben, stockwork quartz veins and breccias. The results indicate that the main area of epithermal mineralization is in and on the edge of a magnetic low zone, and that zone is fault-controlled. Faults trend in a northeast direction. Higher grade soil gold and silver assays also exist within and on the edge of the magnetic low. Historic gold-silver resources, including those that were delineated in the 1980's, were in this low and on the edge of it.

David Watkinson, President and CEO, said, "Mindora is a property that had over 43,000 ft of historic drilling on it from the period of about 1980 to 1995. It subsequently has sat idle for over 25 years. There are numerous historic shafts and adits from historic mining activities and the soils work shows both large and numerous exploration targets for follow up. Plans are to do additional soil work on the western half of the claim block to further define drill targets. Ultimately, the Company plans to conduct a drilling program to verify historic drilling results and subsequently to start to define mineral resources on the Property, subject to exploration success."