Thursday, August 21, 2014
Emgold Leases Its Buckskin Rawhide East Property, Nevada To Rawhide Mining LLC
Aug 21, 2014 (ACCESSWIRE via COMTEX) Vancouver, BC / ACCESSWIRE / August 21 2014 / Emgold Mining Corporation ( Emgold or the Company ) is pleased to announce that it has leased its 100% owned Buckskin Rawhide East Property (the Property ) to Rawhide Mining LLC ( RMC ), a private mining company that owns and operates the adjacent Denton Rawhide Mine. RMC has agreed to conduct exploration activity on the Property with the goal of delineating gold and silver resources that, if exploration is successful, may ultimately be permitted, mined, and then processed using facilities at the Denton Rawhide Mine. About the Lease Agreement Emgold has agreed to lease the Property to RMC under the following general terms and conditions (the Lease ): 1.The term of the Lease is 20 years. 2.Advance royalty payments will be $10,000 per year, paid by RMC to Emgold, with the first payment due at signing and subsequent payments due on the anniversary of the Lease Agreement. 3.During the term of the Lease, RMC
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