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EMPEROR GOLD CORP. -- IDAHO-MARYLAND MINE, CALIFORNIA OPTIMISTIC CASE IMPLIES HUGE GOLD RESERVE

 VANCOUVER, British Columbia, Oct. 13 /PRNewswire/ -- James Askew Associates Inc. report makes optimistic case for 7,242,500 tons averaging 0.324 oz/ton containing 2,344,300 ounces gold.
 The Idaho-Maryland Mine compares favorably to similar established producers with reserves valued at over $100 per ounce of gold (U.S. price).
 At the above grade and production of 1,000 tons per day, it is estimated that the mine could produce 100,000 ounces annually, a production rate which is frequently capitalized by analysts at over $1,000 (U.S.) per ounce.
 Utilizing the existing 3,400 foot shaft, the associated capital costs to production are expected to be under $20 million (U.S.). Preliminary estimates of production costs indicate a range of $230 - 260 per ounce.
 The Idaho-Maryland Mine has been a rich producer in the past and is expected to be a rich producer once more. Permitting applications are in preparation and a full feasibility report may be completed within 24 months. Provided permitting can be completed at an early date (and there appear to be no major obstacles), it is expected that production could commence within a further 12 - 18 months.
 Emperor Gold Corp. is listed on the Vancouver Stock Exchange (VSE), trading symbol "EMR," and holds a 12g3-2(b) exemption in the U.S.A. It has a 7 year lease with an option to acquire a 100 percent interest in the Idaho-Maryland Mine, for approximately $8 million (U.S.). The company holds an interest in nine other mineral properties strategically located in the Nevada U.S.A. gold belt and holds interest in other properties in Canada.
 -0- 10/13/93
 /CONTACT: Frank A. Lang, president, Reno Calabrigo, Public Relations, 604-687-6600/
 (EMR.)


CO: Emperor Gold Corp. ST: British Columbia IN: MNG SU:

MF -- LA035 -- 1807 10/13/93 15:37 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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