On May 21, 2018, Emgold announced it had signed a Letter of Intent with Nevada Sunrise LLC, a private Nevada company, giving it the right to purchase 12 unpatented mining (the “NS Claims”). The Company has also signed a separte Letter of Intent with BL Exploration LLC, also a private Nevada company, giving it the right to purchase 18 unpatented mining claims (the “BL Claims”). Together, the 30 unpatented mining claims make up the Mindora Property (the “Property”). The Property is an advanced stage gold, silver, and base metal exploration property that was explored in the 1980’s and 1990’s. The Property hosts near surface gold and silver mineralization, and deeper molybdenum porphyry mineralization has been drilled at depth.
July 04 2019 0Comment