Eminent Completes Final Celts Payment - Strengthens Strategic Position in Nevada
Eminent Gold Corp. (OTCQB: EMGDF) has completed the final payment for its Celts Project acquisition in Nevada's Walker Lane Trend. The payment of US$325,000 was satisfied through issuing 1,364,752 common shares at CAD$0.3283 per share.
The 560-hectare Celts Project shares geological features with the significant Silicon-Merlin hydrothermal system. Surface samples have yielded up to 33 g/t gold, and recent IP surveys have identified a potential mineralizing structure. Notably, Barrick Gold has staked approximately 1,743 hectares adjacent to Celts, validating the area's potential.
This acquisition strengthens Eminent's portfolio of three 100%-owned, drill-ready projects across Nevada's gold trends, including Hot Springs Range and Gilbert South.
Eminent Gold Corp. (OTCQB: EMGDF) ha completato il pagamento finale per l'acquisizione del Celts Project nella Walker Lane Trend del Nevada. L'importo di US$325.000 è stato corrisposto con l'emissione di 1.364.752 azioni ordinarie al prezzo di CAD$0,3283 per azione.
Il progetto Celts, esteso su 560 ettari, presenta caratteristiche geologiche in comune con il rilevante sistema idrotermale Silicon-Merlin. Campioni di superficie hanno restituito fino a 33 g/t d'oro e recenti indagini IP hanno individuato una possibile struttura mineralizzante. In particolare, Barrick Gold ha acquisito circa 1.743 ettari adiacenti a Celts, confermando il potenziale dell'area.
Questa acquisizione rafforza il portafoglio di Eminent, che comprende ora tre progetti di proprietà al 100% e pronti per la perforazione nelle principali tendenze aurifere del Nevada, inclusi Hot Springs Range e Gilbert South.
Eminent Gold Corp. (OTCQB: EMGDF) ha completado el pago final por la adquisición del Celts Project en la Walker Lane Trend de Nevada. El pago de US$325,000 se efectuó mediante la emisión de 1,364,752 acciones ordinarias a CAD$0.3283 por acción.
El proyecto Celts, de 560 hectáreas, comparte rasgos geológicos con el importante sistema hidrotermal Silicon-Merlin. Muestras superficiales han arrojado hasta 33 g/t de oro y encuestas IP recientes han identificado una posible estructura mineralizadora. Cabe destacar que Barrick Gold ha solicitado derechos sobre aproximadamente 1,743 hectáreas adyacentes a Celts, validando el potencial de la zona.
Esta adquisición fortalece la cartera de Eminent, que ahora cuenta con tres proyectos 100% propiedad y listos para perforar en las principales tendencias auríferas de Nevada, incluidos Hot Springs Range y Gilbert South.
Eminent Gold Corp. (OTCQB: EMGDF)는 네바다의 워커 레인 트렌드에 위치한 Celts Project 인수에 대한 잔금을 완료했습니다. US$325,000의 대금은 주당 CAD$0.3283로 1,364,752주의 보통주를 발행하는 방식으로 지급되었습니다.
560헥타르 규모의 Celts Project는 중요한 실리콘-멀린(Silicon-Merlin) 열수 시스템과 유사한 지질 특성을 보입니다. 지표 시료에서 최대 33 g/t의 금이 확인되었고, 최근 IP(유도분극) 조사에서는 잠재적인 광화 구조가 식별되었습니다. 특히 Barrick Gold는 Celts 인근 약 1,743헥타르를 스테이킹하여 해당 지역의 잠재력을 입증했습니다.
이번 인수로 Eminent는 네바다의 주요 금광 트렌드에 걸쳐 100% 소유하고 시추 준비가 된 세 개의 프로젝트(Hot Springs Range 및 Gilbert South 포함) 포트폴리오를 더욱 강화하게 되었습니다.
Eminent Gold Corp. (OTCQB: EMGDF) a finalisé le paiement pour l'acquisition du Celts Project dans la Walker Lane Trend du Nevada. Le montant de US$325,000 a été réglé par l'émission de 1 364 752 actions ordinaires au prix de CAD$0,3283 par action.
Le projet Celts, d'une superficie de 560 hectares, partage des caractéristiques géologiques avec le système hydrothermal important Silicon-Merlin. Des échantillons de surface ont révélé jusqu'à 33 g/t d'or et des levés IP récents ont identifié une structure potentiellement minéralisée. Notamment, Barrick Gold a revendiqué environ 1 743 hectares adjacents à Celts, confirmant le potentiel de la zone.
Cette acquisition renforce le portefeuille d'Eminent, qui comprend désormais trois projets détenus à 100 % et prêts à forer sur les principaux axes aurifères du Nevada, notamment Hot Springs Range et Gilbert South.
Eminent Gold Corp. (OTCQB: EMGDF) hat die Schlusszahlung für die Übernahme des Celts Project in der Walker Lane Trend in Nevada abgeschlossen. Die Zahlung in Höhe von US$325.000 wurde durch die Ausgabe von 1.364.752 Stammaktien zu je CAD$0,3283 beglichen.
Das 560 Hektar große Celts Project weist geologische Merkmale auf, die mit dem bedeutenden Silicon-Merlin-Hydrothermal-System übereinstimmen. Proben von der Oberfläche ergaben bis zu 33 g/t Gold, und jüngste IP-Untersuchungen haben eine potenzielle mineralisierende Struktur identifiziert. Bemerkenswert ist, dass Barrick Gold rund 1.743 Hektar angrenzend zu Celts beansprucht hat, was das Potenzial der Gegend unterstreicht.
Die Übernahme stärkt Eminents Portfolio von drei zu 100 % gehaltenen, bohrbereiten Projekten in den Goldtrends Nevadas, darunter Hot Springs Range und Gilbert South.
- Strategic acquisition of 560 hectares in prolific Walker Lane Trend completed
- High-grade surface samples up to 33 g/t gold indicating strong mineralization potential
- Barrick Gold's adjacent 1,743-hectare stake validates project potential
- Project shares geological features with significant Silicon-Merlin discovery
- Company achieves 100% ownership of three drill-ready Nevada projects
- Share issuance of 1,364,752 shares creates dilution for existing shareholders
- Shares subject to hold period until December 19, 2025
Notably, Barrick Gold has recently staked ground adjacent to Celts (see Figure 4), further highlighting the strategic significance of the area. Finalizing ownership of the Celts Project aligns with Eminent's strategy to maintain majority ownership across its portfolio and positions the Company in a highly prospective region with analogues to world-class gold systems.
This milestone follows Eminent's previously announced news releases dated December 12, 2024, and February 12, 2025, and underscores the Company's intent to aggressively advance the Celts Project—now recognized as a high-potential asset within its
Paul Sun, President and CEO of the Company, commented:
"Celts is a valuable part of our
We are preparing to resume drilling at Hot Springs Range, our flagship project, where initial drill results are supporting our thesis of a nearby, emerging potential new gold trend parallel to Getchell. As we prepare to enter the next leg up in the gold market, we are planning to explore across multiple discovery-driven projects in
Celts Project Highlights:
- Defined by a rhyolite dome complex intruding through thick basalt, capped by a steam-heated zone with extensive silica and advanced argillic alteration—hallmarks of high-sulfidation epithermal systems.
- Surface samples up to 33 grams per tonne (g/t) gold from peripheral veins suggest the presence of low-sulfidation mineralization beneath the steam cap and basalt cover.
- Recent Induced Polarization (IP) surveys have outlined a northeast-trending structure beneath the steam cap, interpreted as a potential conduit for mineralizing fluids and geologically analogous to structural controls at the Silicon deposit.
- Orogen Royalties Inc., who originally identified and optioned the Silicon deposit prior to its discovery, has recognized striking geological similarities between Celts and the early-stage characteristics observed at Silicon1.
- The maiden drill program is planned to test structure beneath the steam cap.
- Barrick recently staked approximately 1,743 hectares contiguous to the Celts Project, underscoring the district's emerging potential and regional prospectivity.
Transaction Highlights:
- Final payment completed under the previously announced Purchase Agreement with Orogen Royalties Inc. and Altius Resources Inc.
- Remaining consideration of
US satisfied through the issuance of 1,364,752 common shares at a deemed price of$325,000 CAD per share.$0.32 83 - The shares are subject to a statutory hold period expiring December 19, 2025.
All scientific and technical information in this news release has been prepared by, or approved by, Michael Dufresne, P.Geo. Mr.
For Reference:
- AngloGold Ashanti has filed a Technical Report Summary for the Merlin deposit within the Expanded Silicon project in
Nevada , available through theU.S. Securities and Exchange Commission. While the Company does not rely on or quote the reported Mineral Resource, this public filing may offer useful context regarding regional exploration activity.
SEC Filing – Merlin Deposit Technical Report Summary
ON BEHALF OF THE BOARD OF DIRECTORS
Paul Sun
CEO & Director
Website: www.eminentgoldcorp.com
Twitter: @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
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.
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SOURCE Eminent Gold Corp.
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