Emgold Receives Strong Support From Residents of Grass Valley for Start-Up of the Idaho-Maryland Mine
2006年4月21日 - 5:11AM
PRニュース・ワイアー (英語)
TSX Venture Exchange: EMR OTC Bulletin Board: EGMCF.PK U.S. 20-F
Registration: 000-51411 Frankfurt Stock Exchange: EML VANCOUVER,
April 20 /PRNewswire-FirstCall/ -- Emgold Mining Corporation
(EMR-TSX-V) is pleased to report that in a recent independent
public opinion poll commissioned by the City of Grass Valley ("the
City") of 388 randomly selected residents, 72 percent of those
responding residing in the City are in favour of re-opening the
historic Idaho-Maryland Mine if appropriate environmental
safeguards are in place. Only 12 percent of those polled indicated
they may not support the mine's reopening. The City Counsel for the
City commissioned Fairbank, Maslin, Maullin and Associates to
conduct the independent telephone survey, to better understand
local development issues and the relationship with municipal
growth. The margin of sampling error for the survey is (+/-) 5.4
percent at the 95% confidence level. Based on the Preliminary
Assessment Technical Report (November, 2004 by AMEC Americas
Limited) Emgold anticipates that this project may directly provide
jobs for approximately 400 workers over a planned 20-year period.
About 200 people may be employed in the mine and about 200 in
processing and ceramic manufacturing. A preliminary economic impact
study conducted by California State University, Chico was
undertaken using the information from the Technical Report and
local and regional economic data. The Chico report states that at
full production there is a potential for an additional 3,000
indirect jobs, $754 million/year of direct and indirect revenue to
local businesses, and an estimated $700,000/year fiscal
contribution to the City of Grass Valley general fund. The City has
retained consultants to perform environmental reviews in accordance
with the California Environmental Quality Act ("CEQA") and the
Surface Mining and Reclamation Act as a prerequisite to issuing a
Conditional Mine Use Permit. The environmental reviews began in
December 2005 and are expected to be completed in December 2006
with the circulation of an Environmental Impact Report ("EIR"), at
which time they will undergo a public review process that is
forecasted to be completed in February 2007. The first step in the
CEQA process is preparation of a Master Environmental Assessment
("MEA") wherein the community will have the opportunity to identify
issues that may be included in the EIR. The administrative draft
MEA is currently undergoing review and completion of the review is
expected within the next 60 days. The applications detail the
staged development of a gold mining and ceramics production
operation on a scale of up to 2,400 tons per day. Included in the
applications are the dewatering of the existing underground
workings and the construction of a ramp for underground exploration
and possible future mine development and production. The
applications also include provisions for the IMMC to operate a
ceramic products manufacturing plant, initially using recycled
development rock from the construction of the ramp and later from
mine waste tailings from gold production. As these ceramic building
products are made from 100% pre-consumer recycled material, they
qualify for credit under the U.S. Green Building Council Leadership
in Energy and Environmental Design certification program. Ceramic
product sales are projected to contribute significant revenue that
could enhance the overall value of an integrated mining operation.
The mine permitting process in the State of California is a
structured and transparent process that provides a balanced review
of all applications. Since 1960, 38 applications to develop and
operate gold mines in California have been made. It is important to
note that all 38 applications were approved including most recently
in 2005, Bullion River Gold's French Gulch Project located in
Shasta County, California. For more information regarding the
City's survey, it may be found on its website:
http://www.cityofgrassvalley.com/ under "Community Telephone
Survey". For more information about Emgold, the Stewart, Rozan and
Jazz Properties in British Columbia, the Idaho-Maryland Project and
the Ceramext(TM) Process, please visit http://www.emgold.com/ or
http://www.sedar.com/. On behalf of the Board of Directors, William
J. (Bill) Witte, P.Eng. President and Chief Executive Officer For
further information please contact: Michael O'Connor, Manager,
Investor Relations Tel: (604) 687-4622 Fax: (604) 687-4212 Email:
No regulatory authority has approved or disapproved the information
contained in this news release. This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, that address future production, reserve potential,
exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking
statements. Although the Company believes the expectations
expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and that actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should
review the Company's filings that are available at
http://www.sedar.com/ or the Company's website at
http://www.emgold.com/. DATASOURCE: Emgold Mining Corporation
CONTACT: Michael O'Connor, Manager, Investor Relations, Tel: (604)
687-4622, Fax: (604) 687-4212, Email:
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