Eminent Confirms Structure Under Celts Steam Cap Analogous to Silicon
Eminent Confirms Structure Under Celts
Steam Cap Analogous to Silicon
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2025) - Eminent Gold Corp. (TSXV: EMNT)
(OTCQB: EMGDF) (FSE: 7AB) (the "
Company
" or "
Eminent
") is pleased to announce that it has
received resistivity results from two Induced Polarization (IP) lines at its Celts ("Celts") project in Nevada
(Figure 1). Eminent believes Celts is an exploration analogue to the recent Silicon discovery (3.40
million ounces of indicated and 800,000 ounces of inferred gold resources
1,2
). The program consisted
of two test lines over the width of the property traversing the top of the steam-heated alteration cap
(Figure 2).
Paul Sun, President and CEO of the Company commented:
"This marks an important advancement in our exciting Celts project, as the company is preparing to
drill its third hole at Hot Springs Range, where early indications of a discovery are underway, and the
second hole is pending assays. The structural confirmation of the Celts target through the IP survey
supports analogous features to the world-class Silicon deposit and our model, which has guided our
first planned drill holes. Further exploration and drilling plans will follow this announcement in the
coming weeks."
The results show that there is a large fault residing in a small topographic divide on top of the rhyolite
dome, which is picked up in both IP lines. The way the fault shows up in geophysics is by the offset in
low-resistivity rocks (Figure 3). This offset appears to have a west dip. The fact that the low-resistivity
rocks are down to the west suggests that the fault has normal displacement. The fault occurs below the
steam-heated cap rocks, which show up as having high resistivity because of abundant silica.
This fault is of technical interest as it is analogous to the Silicon deposit (Figure 4), where a west dipping
fault with apparent normal movement also occurs beneath a steam-heated cap with pervasive silica
alteration. It is likely that, in both cases, fluids moved up these faults and, once above the paleo water
table, created the silica rich, high resistivity steam cap. This creates compelling drill targets for Eminent,
where the next steps will involve permitting drill roads and pads to test this model in the near future.
Dan McCoy, Chief Geologist and Director commented:
"The Celts Project, much like our Hot Springs Range Project, represents another analogue to major
gold discoveries in Nevada. The hypothesis that the steam-heated model for potential underlying
gold mineralization observed at Silicon may also exist at Celts is further supported by these results.
We are thrilled to be the first company to initiate a maiden drill program on this promising target."
All scientific and technical information in this news release has been prepared by, or approved by,
Michael Dufresne, P.Geo. Mr. Dufresne is an independent qualified person for the purposes of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Please note that the results of geophysical surveys are inherently preliminary and subject to
interpretation. These surveys provide valuable insights but are not definitive indicators of mineral
discoveries. Further investigation, analysis, and exploration are required to validate any potential
findings, and there is no guarantee of economic mineralization or resource discovery.
Fig1. Celts Project Location Map
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Fig 2. Geophysical/section lines on geology, alteration, showing major structure.
To view an enhanced version of this graphic, please visit:
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Figure 3. Cross-sections showing resistivity reveals potential normal fault under the steam cap.
To view an enhanced version of this graphic, please visit:
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Figure 4. Cross section from the Silicon Deposit showing mineralized structure dipping west under the
Silicon steam cap.
To view an enhanced version of this graphic, please visit:
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Fig 5A. Google Earth image showing dome and steam cap at Celts, Fig. 5B Geology, Alteration and
Property Map of the Celts property showing the section trace of Fig. 5C. Fig 5C. Schematic cross-
section of the Celts property showing mineralization model below the rhyolite dome and basalt. Except
for the drillholes at the Gold Button shaft, there has been no drillholes to test the model.
To view an enhanced version of this graphic, please visit:
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1
.
Includes 3.4Moz Au of indicated resources at Silicon, 0.8Moz Au at Silicon, and 12.1 Moz Au at
Merlin.
AngloGold Ashanti. (2024). Technical Report Summary, Merlin deposit, Expanded
Silicon project, An Initial Assessment Report, 129 pages.
2
.
AngloGold Ashanti. (2024). Technical Report Summary, Merlin deposit, Expanded Silicon
project, An Initial Assessment Report, 129 pages.
3
.
University of Nevada, Reno. Tonopah Silver District.
https://gisweb.unr.edu/MiningDistricts/4
John, D. A., & Henry, C. D. (2020). Magmatic-tectonic settings of Cenozoic epithermal gold-
silver deposits of the Great Basin, western United States. In Geological Society of Nevada 2020
Symposium Volume.
4
.
Western Mining History.(n.d.).
https://westernmininghistory.com/4210/gold-districts-of-nevada/
5
.
Energyandgold.com. 2020 8/24/2020 A Junior Mining Management Team That Doesn't Know
How To Lose Is Back With The Next Incredible Opportunity In Nevada Gold Exploration.
http://energyandgold.com/2020/08/24/a-junior-mining-management-team-that-doesnt-know-
how-to-lose-is-back-with-the-next-incredible-opportunity-in-nevada-gold-exploration/
.
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:
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.
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