Welcome to our dedicated page for EMERGENT METALS news (Ticker: EGMCF), a resource for investors and traders seeking the latest updates and insights on EMERGENT METALS stock.
EMERGENT METALS CORP (symbol: EGMCF) is a gold and base metal exploration company with a focus on Nevada and Quebec. The company's strategy involves acquiring quality assets, adding value through exploration, and monetizing them through various transactions to benefit shareholders. They have successfully divested properties like the Troilus North and East-West properties. In Nevada, their Golden Arrow Property boasts a well-defined measured and indicated resource, with plans for a major drilling program. New York Canyon is another key property with copper skarn and porphyry mineralization. The Mindora Property is under option to Lahontan Gold Corp. In Quebec, EMERGENT's Casa South Property is strategically located near Hecla Mining Corporation's Casa Berardi Mine, with exciting exploration targets. The company also has royalties in other properties in Quebec, showing a diverse and promising portfolio. For more information, visit their website or review their filings on SEDAR.
Emgold Mining Corporation (OTC PINK: EGMCF) has announced a share consolidation at a ratio of 1 post-consolidation share for every 10 pre-consolidation shares, reducing the issued shares from 136,182,621 to 13,618,262. Additionally, the company will change its name to Emergent Metals Corp. The consolidation is pending TSX Venture Exchange approval, and shareholder approval is not required. This move aims to enhance the company's flexibility for future development and financing arrangements.
Emgold Mining Corporation (OTCQB:EGMCF) announced promising assay results from its New York Canyon Property in Nevada, revealing significant copper equivalent (CuEq) grades from drill hole NYCN0008. Highlights include a 101.89 m intersection of 0.350% CuEq, with several segments exceeding 0.700% CuEq. The Copper Queen Target has been expanded, and KEX, a subsidiary of Rio Tinto, is advancing its exploration efforts amid ongoing positive results. Emgold aims to complete a 3-D geological model and further drilling in 2022.
Emgold Mining Corporation reported promising results from its soil sampling program at the Mindora Property in Nevada, expanding the historic resource area (HRA) from 2,000 ft to 6,000 ft. A total of 1,254 soil samples were analyzed, identifying four new secondary exploration areas (SEA1, SEA2, SEA3, SEA4) outside the HRA. The results suggest significant mineralization potential, with emphasis on gold, silver, and molybdenum. The company plans further exploration and drilling to validate historical data and assess the potential for resource delineation.
Emgold Mining Corporation has announced successful results from a soil sampling program at its Golden Arrow Property in Nevada, identifying two new exploration targets: Big Hope and Kawich Prospect. A total of 1,109 soil samples were collected, revealing distinct zones of mineralization. The property currently holds an estimated resource of 300,000 gold equivalent ounces. The company aims to expand its resources further, with plans to potentially increase to 500,000 to 1 million ounces through future exploration efforts.
Emgold Mining Corporation announced the results of its Annual General Meeting (AGM) held on December 8, 2021. All proposed resolutions were approved, including the election of five directors: David Watkinson, Robert Rosner, Andrew MacRitchie, Vincent Garibaldi, and Julien Davy. MNP LLP was reappointed as auditors, and the Incentive Stock Option Plan was re-approved. Emgold focuses on gold and base metal exploration in Nevada and Quebec, with key assets like the Golden Arrow Property and Casa South Property, aiming to create shareholder value through strategic acquisitions and partnerships.
Emgold Mining Corporation has received the necessary permit to commence its 2021/22 exploration program at the Casa South Property in Quebec.
The program includes up to 16,175 meters of diamond drilling across 48 drill sites, targeting eight of twenty geophysical targets. The Casa South Property, located near Hecla Mining's producing Casa Berardi Mine, spans approximately 11,400 hectares and features elevated gold values. The drilling may be adjusted based on results.
Emgold Mining Corporation announced the identification of 34 new gold and silver exploration targets at its Golden Arrow Property in Nevada. Among these, six targets are classified as high priority, with two near known resource areas, Hidden Hill and Gold Coin. The company has expanded its claims to 494 unpatented claims covering approximately 10,000 acres and conducted several surveys to assess the property. The goal is to enhance resource understanding and identify new reserves, with potential increases in resources estimated between 500,000 and 1 million gold equivalent ounces, subject to drilling success.
Emgold Mining Corporation (OTC PINK: EGMCF) announced assay results from four diamond core holes and re-assays from nine historic holes at its New York Canyon Property in Nevada. The ongoing exploration, conducted by Kennecott Exploration Company, highlights three main copper targets: Copper Queen, Champion, and Longshot Ridge. KEX can earn a 75% interest by spending up to US$22.5 million. Significant intercepts were reported, including 94.35 m of 0.333% CuEq. The property spans approximately 8,700 acres, with historic drilling totaling about 43,000 m.
Emgold Mining Corporation has appointed Denise Landsberger as Corporate Secretary, effective October 1, 2021, replacing Steve Cozine. Landsberger brings office administration experience, currently working at Vancouver Corporate Solutions. This move aims to enhance corporate services and regulatory compliance. Emgold focuses on gold and base metal exploration in Nevada and Quebec, with significant properties including the Golden Arrow Property and Casa South Property, among others. The Company emphasizes a strategy of acquiring and adding value to its assets.
Emgold Mining Corporation has completed the acquisition of a 50% interest in the East-West Property and a 100% interest in the Trecesson Property in Quebec from Knick Exploration for a total of C$160,000. This acquisition enhances Emgold's ownership in the East-West Property to 100%. The East-West Property is strategically located near the Kiena Mine and Malarctic Property, both significant gold producers. Emgold's management views this consolidation as an exciting opportunity for exploration and development, particularly given the potential for high-grade gold mineralization.
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