Eminent Commences 10,000 m Discovery Expansion Drill Program at the Hot Springs Range Project, Nevada
Rhea-AI Summary
Eminent Gold (OTCQB: EMGDF) has started a 10,000-meter reverse circulation drill program at its Hot Springs Range Project in Humboldt County, Nevada, following drill mobilization on July 17. The program follows four initial diamond core holes that encountered oxide gold in all completed holes, including 9.2 meters grading 3.2 g/t Au.
The 2026 campaign comprises 14 RC holes at the Otis target and a Phase 1 program of up to five RC holes at the Eden target, testing multiple fault zones along a ~10-kilometer structural corridor. Drilling is being conducted by Alford Drilling with continuous shifts, and samples will be analyzed using PhotonAssay under Eminent Gold’s QA/QC protocols. The technical content has been approved by the company’s Qualified Person under NI 43‑101.
Positive
- 10,000 m RC drill program initiated at Hot Springs Range
- Program targets 14 RC holes at Otis plus up to 5 RC holes at Eden
- Prior drilling intersected 9.2 m grading 3.2 g/t Au oxide mineralization
- Eden Phase 1 to test beneath a 3 km gold-in-soil anomaly
- Hot Springs Range corridor is approximately 10 km long with multiple targets outlined
Negative
- None.
News Market Reaction – EMGDF
On the day this news was published, EMGDF gained 3.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dan McCoy, President and CEO, commented:
"We are excited to resume drilling at the Hot Springs Range Project. Our initial drilling at Otis advanced it from a true grassroots concept to a drilled, new Carlin-style oxide gold mineralized system.
This drill program is designed to expand on the gold already intersected at Otis to determine how far the gold mineralization may extend. The program will also initially test our stand-alone, highly prospective 3-kilometer-long Eden target.
Success at both targets would strongly support our thesis of a new gold trend with the potential for multiple new Carlin-style gold discoveries in this part of northern
The 2026 drill program includes 14 RC holes at the Otis target and an initial Phase 1 of up to five RC holes at the Eden target. Together, these holes provide the first systematic test of multiple fault zones across the Hot Springs Range structural corridor.
Otis Target (14 RC holes)
At Otis, drilling will follow up on four priority faults, including renewed testing of the Otis Fault, where previous holes are interpreted to have narrowly missed the main fault plane but still returned oxide gold mineralization. Updated geophysical interpretation has enabled the Company to reposition drill pads for improved structural pierce points at multiple depths. Drilling will also continue along the Little Humboldt Fault, which delivered the project's strongest oxide gold interval to date.
In addition, two southeast faults (Hinkey and Otis) and one northwest fault (Paradise) will be drilled for the first time. These are now considered high-priority structural targets based on improved understanding of host-rock density contrasts and structural preparation — key factors in Carlin-style gold systems.
The first hole of this phase at Otis (HSR2601) is currently underway (see Figures 1 - 3).
Eden Target (Phase 1: up to 5 RC holes)
At Eden, Phase 1 will test three key faults beneath a 3-kilometer gold-in-soil anomaly (see Figure 2 and 4). These initial RC holes will evaluate structural preparation, host-rock characteristics, and the potential for mineralization along each fault. The RC rig is capable of reaching approximately 460 meters; depending on depth achieved and initial results, select holes may be extended with diamond core tails to gain deeper insight into the geology.
Airborne geophysical data suggest density contrasts consistent with potential Comus-type host rocks — a rock package commonly associated with major
District-Scale Potential
This work builds on Eminent's systematic exploration approach as the first company to drill this area methodically, integrating previous core data with recent geophysical and geological interpretation. The ~10-kilometer structural corridor at Hot Springs Range lies approximately 15 kilometers northwest of the Getchell Trend and exhibits geological characteristics consistent with major gold-bearing systems in the region. Beyond the Otis and Eden targets, several additional prospective areas have been outlined across the corridor, underscoring the district-scale potential of the project for future exploration.
All drill pads, access roads, and permits have been maintained since early April. Drilling is being conducted by Alford Drilling LLC with multiple crews working continuous shifts. Samples will be processed using PhotonAssay™ under the Company's established QA/QC protocols, with results to be released as they are received, validated, and interpreted.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Justin B. Milliard, P.Geo., Vice President of Exploration for the Company and a non‑independent Qualified Person as defined in National Instrument 43‑101 – Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Dan McCoy
CEO & Director
Website: www.eminentgoldcorp.com
X: @eminent_gold
LinkedIn: www.linkedin.com/company/eminent-gold-corp/
Instagram: www.instagram.com/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, Celts and Gilbert South.
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 "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "could" and other similar words, or statements that certain events or conditions "may", "will" or "could" occur.
Forward-looking statements in this release include, but are not limited to, statements regarding the timing and commencement of drilling, mobilization of the drill rig, the planned scope and objectives of the drill program, the interpretation of geological features and mineralized systems, and the Company's exploration plans for its Nevada portfolio.
These forward-looking statements are based on the opinions and estimates of management as of the date of this news release and are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Such risks include, but are not limited to, exploration and drilling risks, contractor availability and performance, changes in project parameters, geological interpretations, commodity price fluctuations, and general economic, market and business conditions. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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SOURCE Eminent Gold Corp.