Eminent Continues to Hit Gold Mineralization at its Hot Springs Range Project in Nevada
Eminent Continues to Hit Gold Mineralization
at its Hot Springs Range Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Eminent Gold Corp. (TSXV: EMNT)
(OTCQB: EMGDF) (FSE: 7AB) ("Eminent" or the "Company") is pleased to announce its most recent
assay results from the Hot Springs Range Project ("HSRP") in northern Humboldt County, Nevada, an
analogue to the prolific 50-million-ounce Getchell Trend¹ (see Figures 1-2 for property and target
locations).
Drilling at the Otis target continues to deliver promising gold intercepts, with highlights from Holes
HSC003
&
HSC004
including:
7.9 meters of 1.2 g/t Au
4 meters of 2.4 g/t Au
3.3 meters of 0.5 g/t Au
3.6 meters of 0.4 g/t Au
All intercepts to date are tabulated in Table 1 and illustrated in plan view in Figure 3 and in cross-section
in Figure 4.
Dan McCoy, Chief Geologist and Director commented:
"The gold intercepts in Holes HSC002 and HSC004 confirm a northeast-trending structural
orientation, consistent with known Carlin-type systems, including major deposits along the Getchell
Trend such as Turquoise Ridge. The Otis fault is a particularly exciting target, as it is mineralized with
gold in every hole drilled to date, remains open in both directions, and features multiple untested
faults and structural intersections that present significant potential for additional gold mineralization.
We are eager to continue testing key structural controls to pinpoint the source of high-grade gold and
assess how it may extend within this largely unexplored corridor, further advancing our geological
model."
Eminent has successfully completed three approximately 500-meter drill holes (HSC002-HSC004) in its
maiden drill program at the Otis target within the HSRP. Gold mineralization was encountered in all three
holes, with grades reaching
up to 8 g/t Au*.
These results confirm the presence of gold within a
northeast-trending structural corridor, consistent with Carlin-type mineralization. Notably, iron oxide,
rather than sulfide, dominates the alteration-an encouraging indicator for potential gold recovery via
cyanidation.
Given the scale of the structures being tested and the encouraging early results, additional drilling is
required to fully delineate the extent of the gold system. To date, drilling has only tested a portion of one
fault (see Figure 5), while numerous northeast- and northwest-oriented faults remain untested,
representing significant exploration potential. The next drill hole is expected to provide valuable insights
into the controls on mineralization, further refining the geological model and guiding future targeting
efforts.
Table 1.
Composite intercepts from drill holes HSC002-4 at Eminent's HSRP Project
Drill Hole
From
(m)
To
(m)
Width
(m)
Au
(g/t)
As
(ppm)
NR date
Including
HSC002
272.8
275.7
2.9
2.2
2107
1/16/25
HSC002
310.4
314.3
3.9
2.4*
807
3/05/25
0.5 m of 8 g/t Au
HSC002
347.1
351.7
4.6
1.4*
2252
3/05/25
0.9 m of 4.4 g/t Au
HSC003
178.4
180.9
3.6
0.4
744
6/19/25
HSC004
178.6
186.5
7.9
1.2
1403
6/19/25
HSC004
239.5
243.5
4.0
2.4
2836
6/19/25
HSC004
250.9
254.2
3.3
0.5
406
6/19/25
*Composite assays represent weighted averages of individual intercepts.
Paul Sun, President and CEO of the Company commented:
"Every hole continues to intercept gold, further validating our thesis that the Hot Springs Range
Project is analogous to major nearby gold deposits. Our geological understanding continues to
expand, boosting our confidence in the project's potential for a significant discovery as we prepare to
drill our next hole. Drilling will resume shortly as we complete the analysis of the latest drill core data
and outline the next priority target on the Otis fault based on the results to date."
Quality Control and Reporting Protocols
The Company implemented a sample quality control/quality assurance ("QA/QC") program. Drill core
was cut in half using a diamond saw, with one-half placed in sealed bags. A QA/QC program included
field standards, duplicates, or blanks inserted every 20 samples.
Sample preparation and subsequent
geochemical analysis were performed by ALS Chemex., with sample preparation and subsequent
analysis conducted at the ALS facility in Reno, Nevada and Vancouver, Canada. ALS Chemex applied
their own in-house QA/QC program. Composite intercepts were derived from zones where at least four
consecutive samples assayed about 0.2 g/t Au or greater and are reported when the composite interval
was greater than 1.0 g/t
.
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.
Figure 1.
Eminent Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/256088_3e49437874b7b8ac_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/1937/256088_3e49437874b7b8ac_003full.jpg
Figure 3.
Plan map of Otis zone showing significant faults, and drillhole traces for holes HSC002-4
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/256088_3e49437874b7b8ac_004full.jpg
Figure 4. Cross-Section of drill holes HSC002-4 showing intercepts.
Trace shown in Fig. 3
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/256088_3e49437874b7b8ac_005full.jpg
Figure 5.
Plan Map showing open and untested NE and NW faults in the Otis target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1937/256088_3e49437874b7b8ac_006full.jpg
Cautionary Statement
Mineralization, resources, or reserves reported on adjacent or nearby properties, or within the same
geological trend, are not necessarily indicative of mineralization at the Hot Springs Range Project.
Investors should not rely on such comparisons as a basis for potential mineralization or economic
viability at the Company's property. All exploration results are subject to further analysis, and there is
no guarantee of future resource definition or development.
1
.
Nevada Gold Mines. "Turquoise Ridge Technical Report." March 2024.
https://s25.q4cdn.com/322814910/files/doc_downloads/operations/ngm/Turquoise-Ridge-Technical-Report-March2024.pdf
.
2
.
Nevada Gold Mines. (2021, May 20). Investor Day Presentation. Barrick Gold Corporation.
3
.
i-80 Gold Corp. "Granite Creek Open Pit PEA." News Release, March 6, 2025.
https://www.i80gold.com/wp-content/uploads/2025/03/03-06-
25-i-80-News-Release-Granite-Creek-Open-Pit-PEA_Final-WEB-VERSION.pdf
.
*DHC001 aborted to unusual drilling conditions at 21 meters
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/
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, 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/256088