Eminent Gold Corp Stock Price, News & Analysis

Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has announced significant resistivity results from two Induced Polarization (IP) lines at its Celts project in Nevada. The survey revealed a large west-dipping fault beneath steam-heated cap rocks, showing structural similarities to the Silicon deposit, which hosts 3.40 million ounces of indicated and 800,000 ounces of inferred gold resources.

The geophysical results identified a fault with normal displacement under high-resistivity steam-heated cap rocks rich in silica. This structural configuration mirrors the Silicon deposit's characteristics, where mineralized fluids historically moved up similar faults above the paleo water table. The company plans to initiate permitting for drill roads and pads to test this geological model.

Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has initiated a test geophysical program at its Celts project in Nevada, consisting of two Induced Polarization (IP) lines. The company believes Celts is analogous to the Silicon discovery, which has 3.40 million ounces of indicated and 800,000 ounces of inferred gold resources.

The IP program, conducted by Zonge International from Reno, will cover the high-grade historical vein on the property's east side and potential precious metal mineralization under the steam-heated alteration cap. If significant chargeability-resistivity signals are detected, additional lines will be added to better define potential gold-bearing structures. This technique was successfully used by AngloGold Ashanti at Silicon to identify gold-bearing zones under similar conditions.

Eminent Gold Corp. (EMGDF) has completed the acquisition of the Celts Project in Nevada for US$400,000. The transaction includes an initial payment of US$30,000 in cash and 145,384 common shares valued at US$45,000. The remaining US$325,000 will be paid within six months either in cash or shares.

The company now holds 100% interest in the Celts Project through its subsidiary Hot Springs, subject to a 3% net smelter returns (NSR) royalty. The project is located approximately 100 km northwest of the Silicon multimillion-ounce mining complex. Eminent can reduce the NSR royalty by one-third (to 2%) for US$1,500,000.

The company plans to initiate a geophysical survey followed by a maiden drill program. Currently, drilling operations at Hot Springs Range have reached approximately 1,400 feet of an estimated 1,600-foot target in the second hole.

Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has announced significant gold assay results from its first completed drill hole (HSC002) at the Hot Springs Range Project in Nevada. The hole, located near the Getchell Trend, revealed multiple gold-bearing intercepts including:

- 3.9m of 2.4 g/t Au (including 0.5m of 8 g/t Au)
- 4.6m of 1.4 g/t Au (including 0.9m of 4.4 g/t Au)
- 1.4m of 2.4 g/t Au

The mineralization occurred over a 427-meter interval, with sixteen additional samples ranging from 0.1 g/t Au to 1.3 g/t Au. The presence of significant arsenic mineralization suggests a Carlin-type system. A second hole (HSC003) is currently in progress, showing significant alteration with pending assays.

Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has announced significant results from its first core hole (HSC002) at the Hot Springs Range Project in Nevada. The drill hole, targeting the Otis target, revealed notable gold-arsenic mineralization with the best intercept showing 2.9 meters of 2.2 g/t gold and 2,107 ppm arsenic, including 3.9 g/t Au over 0.91m starting at 272.8m downhole.

The project is being explored as a potential analogue to the prolific Getchell Trend, which has a 50-million-ounce gold endowment and is located 15 km across the Eden Valley. The company has already commenced its second drill hole (HSC003), which will target the intersection of NE faults with the NW Eden Valley fault and the thrust fault bounding the lower contact of the Home Ranch Terrane.

Currently, only select samples from the top 300 meters have been assayed, with results from the remaining 390 meters still pending. Several samples showed values above 100 ppb Au and/or 1,000 ppm As between 225m and 295m depth.

Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) announces its participation in the Vancouver Resource Investment Conference (VRIC) at Booth #118. The event will take place at the Vancouver Convention Centre West on January 19-20, 2025.

The VRIC 2025 will feature over 120 expert speakers, including economists, money managers, and investors. The conference will offer networking opportunities with more than 5,000 industry professionals and investors, along with exhibits showcasing innovations in the resource sector. Attendees will gain insights into commodities, precious metals, energy, and critical minerals trends.

Eminent Gold Corp (TSXV: EMNT, OTCQB: EMGDF) has completed its first core hole at the Hot Springs Range Project (HSRP) in Nevada, reaching approximately 500 meters depth. The drilling aims to test if HSRP is analogous to the Getchell Trend, which has a ~50-million-ounce gold endowment.

Visual inspection revealed extensive alteration in volcanic-dominated portions, including strong hematite, clay gouge, and silicification. The first hole was parallel to a NE feeder fault, with assays expected in January. A second drillhole is planned to target the intersection of NE faults with the NW Eden Valley fault.

The company raised $2.4 million in 2024, acquired the Celts project, and plans to drill all three key projects (HSRP, Gilbert South, and Celts) in 2025, subject to financing. Additionally, Eminent has engaged Spark Newswire for promotional services at US$100,000 monthly and granted 1,350,000 stock options at $0.45 for 5 years.

Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has signed an agreement to acquire 100% interest in the Celts Project in Nevada from Orogen Royalties for USD $400,000, payable in two tranches over six months. The project is considered analogous to the Silicon discovery, located 100 kilometers south, which holds 13.27 million ounces of gold resources.

The Celts project is situated in the Walker Lane Trend, a region that has historically produced 80 million ounces of gold. The company plans to advance Celts to a drill-ready, permitted stage in the first half of 2025, while continuing its ongoing drill program at Hot Springs Range and finalizing permits for Gilbert South.

Eminent Gold has initiated its first core drilling program at the Otis Target Area within its Hot Springs Range Project in Nevada. The Phase 1 program will consist of 1,000 meters targeting a potential parallel structure to the Getchell Trend, located 15-20 km southeast. The program aims to test for a significant gold-bearing system analogous to the nearby Getchell Trend, which has a 42-million-ounce gold endowment. The initial drilling will evaluate the Otis target, focusing on the Eden Valley fault zone where anomalous surface geochemistry including gold has been identified in soil and rock sampling.