Despite what its local CEO says, the Emgold Mining Corporation’s website states that plans to reopen the Idaho-Maryland Mine could collapse if a new lease agreement for the site cannot be reached. The news comes following a Feb. 1 conclusion of the deadline to lease or buy the mine site. Yet David Watkinson, the Grass Valley-based president and CEO of Emgold Mining Corporation, said that does not indicate the project’s cessation. Instead, Watkinson said, the passage of the lease deadline is symptomatic of a market that makes it difficult to find investors for the junior mining sector. “(D)espite the current …
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