Eminent Acquires 100% Ownership of Getchell Trend Analogue, Hot Springs Range Project
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has exercised its option to acquire 100% ownership of 168 optioned claims at the Hot Springs Range Project (HSRP) in Humboldt County, Nevada. The project now comprises 419 unpatented lode mining claims, covering approximately 3,500 hectares across Eden Valley.
The company fulfilled all obligations under the March 2020 Option Agreement with Milliard Geological Consulting, which included:
- USD $136,140 in cash payments
- 1,650,000 common shares issuance
- Final USD $1,500,000 payment (satisfied through 5,832,941 common shares)
The Optionor retains a 2% Net Smelter Royalty (NSR), which Eminent can purchase in 0.1% increments for USD $100,000 each, up to 1%. The final share issuance was made at CDN$0.3604 per share, with a hold period until August 12, 2025. The project shows geological similarities to the 50-million-ounce Getchell Trend, with first drill hole results supporting the company's exploration thesis.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) ha esercitato la sua opzione per acquisire il 100% della proprietà di 168 diritti minerari opzionati presso il progetto Hot Springs Range (HSRP) nella contea di Humboldt, Nevada. Il progetto comprende ora 419 diritti minerari non brevettati, che coprono circa 3.500 ettari nella Eden Valley.
L'azienda ha soddisfatto tutti gli obblighi previsti dall'Accordo di Opzione di marzo 2020 con Milliard Geological Consulting, che includeva:
- USD $136,140 in pagamenti in contante
- Emissione di 1.650.000 azioni ordinarie
- Pagamento finale di USD $1,500,000 (soddisfatto tramite 5,832,941 azioni ordinarie)
L'Optionor mantiene una Royalty Net Smelter del 2% (NSR), che Eminent può acquistare in incrementi dello 0,1% per USD $100,000 ciascuno, fino a un massimo dell'1%. L'emissione finale di azioni è stata effettuata a CDN$0.3604 per azione, con un periodo di blocco fino al 12 agosto 2025. Il progetto mostra somiglianze geologiche con il Getchell Trend da 50 milioni di once, con i risultati del primo foro di perforazione che supportano la tesi di esplorazione dell'azienda.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) ha ejercido su opción para adquirir el 100% de la propiedad de 168 reclamaciones opcionales en el Proyecto Hot Springs Range (HSRP) en el Condado de Humboldt, Nevada. El proyecto ahora comprende 419 reclamaciones mineras no patentadas, que cubren aproximadamente 3,500 hectáreas en el Valle de Eden.
La compañía cumplió con todas las obligaciones bajo el Acuerdo de Opción de marzo de 2020 con Milliard Geological Consulting, que incluía:
- USD $136,140 en pagos en efectivo
- Emisión de 1,650,000 acciones comunes
- Pago final de USD $1,500,000 (satisfecho a través de 5,832,941 acciones comunes)
El Optionor retiene un Royalty Net Smelter del 2% (NSR), que Eminent puede comprar en incrementos del 0.1% por USD $100,000 cada uno, hasta un máximo del 1%. La emisión final de acciones se realizó a CDN$0.3604 por acción, con un período de retención hasta el 12 de agosto de 2025. El proyecto muestra similitudes geológicas con la tendencia Getchell de 50 millones de onzas, con los resultados del primer agujero de perforación que respaldan la tesis de exploración de la compañía.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF)는 네바다주 험볼트 카운티의 핫 스프링스 레인지 프로젝트(HSRP)에서 168개의 옵션 청구권의 100% 소유권을 확보하기 위한 옵션을 행사했습니다. 이 프로젝트는 이제 에덴 밸리를 가로지르는 약 3,500헥타르를 포함하여 419개의 비특허 광산 청구권으로 구성됩니다.
회사는 Milliard Geological Consulting과 체결한 2020년 3월 옵션 계약에 따른 모든 의무를 이행했습니다. 계약에는 다음이 포함됩니다:
- 현금 지급액 136,140달러
- 1,650,000주 보통주 발행
- 최종 지급액 1,500,000달러 (5,832,941주 보통주로 충족됨)
옵셔너는 2%의 순제련 로열티(NSR)를 보유하고 있으며, Eminent는 이를 0.1% 단위로 각 100,000달러에 구매할 수 있으며, 최대 1%까지 가능합니다. 최종 주식 발행가는 주당 CDN$0.3604로, 2025년 8월 12일까지의 보유 기간이 있습니다. 이 프로젝트는 5천만 온스 규모의 겟첼 트렌드와 지질학적 유사성을 보이며, 첫 번째 시추 결과는 회사의 탐사 논리를 뒷받침합니다.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) a exercé son option pour acquérir 100% de la propriété de 168 revendications optionnelles dans le projet Hot Springs Range (HSRP) dans le comté de Humboldt, Nevada. Le projet comprend maintenant 419 revendications minières non brevetées, couvrant environ 3 500 hectares dans la vallée d'Eden.
La société a rempli toutes ses obligations en vertu de l'accord d'option de mars 2020 avec Milliard Geological Consulting, qui comprenait :
- USD $136,140 en paiements en espèces
- Émission de 1 650 000 actions ordinaires
- Paiement final de USD $1,500,000 (satisfait par 5 832 941 actions ordinaires)
L'optionnaire conserve une redevance nette de fonderie de 2% (NSR), que Eminent peut acheter par tranches de 0,1% pour USD $100,000 chacune, jusqu'à 1%. L'émission finale d'actions a été réalisée à CDN$0.3604 par action, avec une période de blocage jusqu'au 12 août 2025. Le projet présente des similarités géologiques avec la tendance Getchell de 50 millions d'onces, les résultats du premier forage soutenant la thèse d'exploration de l'entreprise.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) hat seine Option ausgeübt, um 100% des Eigentums an 168 optionalen Ansprüchen im Hot Springs Range Projekt (HSRP) im Humboldt County, Nevada, zu erwerben. Das Projekt umfasst nun 419 nicht patentierte Bergbauansprüche, die etwa 3.500 Hektar im Eden Valley abdecken.
Das Unternehmen hat alle Verpflichtungen aus dem Optionsvertrag vom März 2020 mit Milliard Geological Consulting erfüllt, der Folgendes beinhaltete:
- USD $136,140 in Barzahlungen
- Emission von 1.650.000 Stammaktien
- Endzahlung von USD $1,500,000 (durch 5,832,941 Stammaktien erfüllt)
Der Optionar behält eine 2% Net Smelter Royalty (NSR), die Eminent in 0,1%-Schritten für jeweils USD $100,000 erwerben kann, bis zu 1%. Die endgültige Aktienausgabe erfolgte zu einem Preis von CDN$0.3604 pro Aktie, mit einer Haltedauer bis zum 12. August 2025. Das Projekt zeigt geologische Ähnlichkeiten mit dem 50-Millionen-Unzen Getchell Trend, wobei die Ergebnisse des ersten Bohrlochs die Explorationshypothese des Unternehmens unterstützen.
- 100% ownership acquisition of strategic Nevada gold property
- Project shows geological similarities to 50-million-ounce Getchell Trend
- Positive initial drill results supporting exploration thesis
- Option to reduce NSR royalty from 2% to 1%
- Significant share dilution through issuance of 5,832,941 new shares
- Additional capital requirements for future exploration and development
- 2% NSR royalty burden on future production
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2025) - Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB) (the "Company" or "Eminent") is pleased to announce that it has exercised its option to acquire
The Hot Springs Range Project in its entirety is comprised of 419 unpatented lode mining claims, covering approximately 3,500 hectares (Figure 3) and approximately 15km across the Eden Valley.
Eminent has fulfilled all of its obligations under the terms of the March 2020 Option Agreement with Milliard Geological Consulting (the "Option Agreement").
Key Terms of the Option Agreement:
- Five-year Option Term: Eminent had up to five years to fulfill the terms of the agreement to acquire
100% interest in the property.
- Cumulative Payments: The agreement required USD
$136,140 in cash payments, the issuance of 1,650,000 common shares, and a final USD$1,500,000 payment, which may be satisfied by Eminent through the issue of common shares.
- Net Smelter Royalty (NSR): The Optionor retains a
2% NSR, which Eminent may purchase in0.1% increments for USD$100,000 each, up to a maximum of1% .
Eminent made an annual share issuance of 500,000 shares, and elected to satisfy the final cash payment through the issue of 5,832,941 common shares. The final cash payment of USD
Paul Sun, President and CEO of the Company commented:
"The acquisition of full ownership of the Hot Springs Range Project represents a pivotal milestone in advancing its early success and unlocking the immense potential we see in this venture. With multiple geological features identified as analogous to deposits within the prolific, parallel Getchell Gold Trend, the project holds significant promise for discovering a new Carlin-style deposit. The results from the first drill hole have validated our thesis, and with the second drill hole pending, ongoing drilling continues to strengthen our confidence in this opportunity."
Figure 1. Eminent Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/248190_4e147c87f4e62891_002full.jpg
Figure 2. Location Map of HSRP project relative to the Getchell Trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/248190_4e147c87f4e62891_003full.jpg
Figure 3. Eminent HSRP Claims Boundary Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/248190_4e147c87f4e62891_004full.jpg
2. Nevada Gold Mines. (2021, May 20). Investor Day Presentation. Barrick Gold Corporation.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul Sun
CEO & Director
For further information, please contact:
Eminent Gold Corp.
Phone: +1 604-505-7751
Email: michael@eminentgoldcorp.com
Website: www.eminentgoldcorp.com
Twitter: @eminent_gold
LinkedIn: www.linkedin.com/company/eminent-gold-corp/
About Eminent Gold
Eminent Gold is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great Basin. The Company's exploration assets in the Great Basin include: Hot Springs Range Project, Gilbert South, and Celts.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements made in this news release include the anticipated completion of the private placement and the use of proceeds from the private placement. Although Eminent Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including the assumption that records and reports of historical work are accurate and correct, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Company's projects or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of gold, silver and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Company's projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248190
FAQ
What is the total size of Eminent Gold's Hot Springs Range Project (EMGDF) after the recent acquisition?
How many shares did Eminent Gold (EMGDF) issue to complete the Hot Springs Range acquisition?
What is the NSR royalty structure for the Hot Springs Range Project acquired by EMGDF?
How does Eminent Gold's Hot Springs Range Project (EMGDF) compare to the Getchell Trend?
