Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this week. The Vancouver-based junior contracted Mine Development Associates, in Reno, Nevada, to undertake the technical study as part of a deal to acquire a 51% stake in the property that is owned by fellow TSX-V-listed firm Nevada Sunrise Gold.