Emgold Announces Drilling Permit Obtained for New York Canyon Property, NV

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November 06, 2020 (ACCESSWIRE via COMTEX) —
VANCOUVER, BC / ACCESSWIRE / November 6, 2020 / Emgold Mining Corporation (TSXV:EMR)(OTC PINK:EGMCF)(FRA:EMLM) (BSE:EMLM) (“Emgold” or the “Company”) is pleased to announce that Kennecott Exploration Company (“KEX”), a subsidiary of Rio Tinto plc (NYSE:RIO), has obtained approval (the “Permit”) to conduct drilling activities at the New York Canyon Property, Nevada (the “Property”). The Property is subject to an Earn-In with Option to Joint Venture Agreement (the “Agreement”) between Emgold and KEX. Kennecott can earn up to a 75% interest in the Property by completing up to US$22.5 million in exploration expenditures (see Emgold’s February 11, 2020 press release available at www.emgold.com or under Emgold’s corporate filings at www.sedar.com for more details). Under the terms of the Agreement, KEX has a First Option to acquire a 55% undivided interest in

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