 
THE STEWART PROJECT
British Columbia, Canada
 Photos Stewart-
- Maps Stewart
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Emgold has an option agreement to acquire the rights to the Stewart Property, consisting of 82 mineral claims located in the Nelson Mining Division in southeastern British Columbia. The mineralization on the property contains gold and significant values of molybdenite and tungsten. The property is located close to the large Gold Mountain Zone gold discovery on the Kena property held by Sultan Minerals Inc.
The Stewart property has been worked by a number of companies over the past 23 years. Orvana Minerals Corp. conducted the most recent exploration work in 1997. Previous optionors have reported two large gold soil anomalies. One of the anomalies has been tested with only four diamond drill holes. The reported average of all sample assays taken in the four holes was 0.29 g/t gold. The highest intervals were 1.87g/t gold over 2 metres in altered diorite in Hole 2, and 24.8 grams/tonne gold over one metre in a massive sulfide vein associated with quartz and calcite in Hole 4. The second anomaly has never been drilled. It reportedly has high gold soil geochem values coincident with a strong I.P. geophysical anomaly.
Emgold's geologists have identified four areas of interest: the North Gold Zone, the Silver King Porphyry Zone, the QFP Stockwork Zone, and the Arrow Tungsten Zone. An exploration program has been developed which will consist of soil geochemical sampling and geological mapping.
The North Gold Zone contains an 1100 X 450 metre gold soil geochemical anomaly. The anomaly lies within Rossland Volcanic rocks within which are "plugs" of a foliated feldspar porphyry unit similar to the favourable Silver King Porphyry unit currently being explored by Sultan Minerals Inc. on its adjacent Kena Property. The previous soil survey grid is terminated at Craigtown Creek, although the gold values are still elevated, therefore additional work will expand the soil geochemical coverage to the south of Craigtown Creek.
The Silver King Porphyry Zone lies near the eastern margin of the Stewart Property and is adjacent to Sultan Minerals Inc.'s Kena Property. A favourable intrusive unit (the mid Jurassic Silver King intrusive) trends throughout Sultan's large property and crosses the property border onto the Stewart Property. On the Kena Property, results by Sultan have shown that the Silver King intrusive hosts wide zones of gold mineralization. The body of the Silver King intrusive on Emgold's ground has been planned to be soil sampled and prospected.
The QFP Stockwork Zone consists of a body of quartz-eye porphyry intrusive with abundant crosscutting quartz stockwork veins. The intrusive outcrop covers an area of more than 1000 x1000 metres and has never been systematically worked. A geochemical grid is being contemplated with both soil and rock chip samples collected throughout the grid area.
The Arrow Tungsten workings consist of a series of trenches from the 1940s excavated over a 300-metre length. The historic workings gave an average W03 grade of approximately 1.00% over a skarn zone that is exposed over a width of about one metre. A recent grab sample from one of the old trenches collected by Emgold returned 1.23% W03 and 4.00% Zn. Emgold plans to investigate the zone with soil geochemical and rock chip sampling.
"This web site contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guideline strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties."
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