Eminent defines drill targets analogous to the Getchell Gold Trend at its Hot Springs Range Project
FOR IMMEDIATE RELEASE
Eminent defines drill targets analogous to the Getchell Gold Trend at its Hot Springs
Range Project
Vancouver, Canada – July 14, 2021 - Eminent Gold Corp (TSX-V: EMNT) (the “ Company” or
“Eminent”) is pleased to announce that it has successfully concluded its surface geophysical and
rock sampling programs at its Hot Springs Range Project (HSRP) (Fig. 1-2). The program both
confirms the Company’s exploration model and delivers clearly defined drill targets less than 200
meters from the surface under post-mineral cover (Fig. 3-4). The geophysics shows important
structural intersections that are present in Carlin-style gold deposits; where steeply dipping
feeder faults intersect shallowly dipping thrust faults as observed at the 42 M oz Getchell Trend
located approximately 15 km to the southeast of the project.
The rock sampling program has demonstrated the host rocks at the project are gold bearing with
results up to 2.8 g/t gold adjacent to the newly defined target areas. Together the geological,
geophysical, and geochemical settings of the project have a striking similarity to the Getchell
Trend deposits (Fig. 5) and the Company plans to ideally drill the project during Q4 as it looks to
make a discovery.
Paul Sun, President and CEO of the Company commented:
"The positive geophysical results and gold-in-rock surveys are a huge milestone for Eminent as
this property has never been explored and yet is so close to multiple world class gold deposits.
Our extremely talented technical team has developed this concept and has successfully taken the
project from a grassroots stage to its first ever drill program.
Eminent is well on its way to rapidly advancing the remainder of its pipeline of three more highly
prospective gold projects (Weepah, Spanish Moon, and Gilbert South) to a drill-ready stage in the
coming months. The company anticipates to consecutively drill its portfolio of opportunities
starting in Q4 2021 as it continues its goal of making Nevada’s next major gold discovery.”
The Hot Springs Range Project
Land Position
HSRP is located in Humboldt County Nevada, approximately 50 km northeast of the town of
Winnemucca and 20 km northwest of the Getchell Trend. The property is comprised of over 3,500
hectares of highly prospective ground that has seen no exploration activity prior to being
acquired by the Company in 2020.
HSRP – Getchell Analogous Structural Framework
The Eden Valley, Getchell, East Hot Springs Range (HSR), and East Osgood Mountains fault zones
are subparallel sets of primary, northwest striking, reactivated normal faults that are part of a
series of similar faults that form the Battle Mountain-Eureka Trend in northern Nevada. These
long-lived faults served as feeders for gold-bearing fluids, as they were tectonically active in the
Late-Eocene; a time period contemporaneous with formation of most Carlin-type gold deposits
in Nevada. These fault sets are known at the Turquoise Ridge Complex to be primary controls on
gold mineralization and analogous fault geometries have been identified at the HSRP in the
recent acquisition of geophysics by Controlled Sources Audio-frequency Magnetotellurics
(CSAMT). At the HSRP, the northeast oriented faults trend between the Otis and Eden target
areas which have comparatively similar in geometry to the “TR-corridor” faults at the Getchell
Trend, which extend between the Turquoise Ridge and Twin Creeks deposits. Lastly, both systems
have a shallowly dipping thrust fault, which was recently interpreted by the technical team from
the CSAMT to exist at HSRP. This thrust fault served as a trap for gold-bearing fluids, where they
reacted with receptive country rocks to form large gold deposits.
HSRP – Getchell Analogous Distal Au-Fingerprint
The distal geochemical fingerprint of the HSRP’s Otis target and the Turquoise Ridge deposit are
analogous. The main difference between the two systems is the slightly greater thickness of post-
mineral cover at HSRP that obscures a geochemical signal at the updip exposures of the faults.
At HSRP where the thrust fault, dikes and Eden Valley fault are exposed near the Otis drill target
the geochemical signal of a Carlin-style gold system (0.4-2.8 g/t Au) is analogous to what is found
at the Getchell Trend (~0.1-3 g/t Au).
Dan McCoy, Chief Geologist of the Company commented:
“The opportunity at our Hot Springs Range Project is unique: its technical characteristics are
quite remarkable and are highly analogous to the Getchell trend, which hosts some of Nevada’s
largest gold mines.”
All scientific and technical information in this news release has been prepared by, or approved by Michael
Dufresne, PGeo. Mr. Dufresne is a qualified person for the purposes of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
Figure 1. Plan view map of Nevada and the major gold trends and associated
deposit locations. The Hot Springs Range Project is in the northern terminus of the
Battle Mountain-Eureka Trend and parallels the Getchell Trend.
Figure 2. Plan view map of the HSRP. The CSAMT section lines are shown for both the Otis (Fig.
3) and Eden targets.
Figure 3. Plan view map of the HSRP’s Otis target area. The CSAMT section line (A-A’) is shown
(Fig. 4).
Figure 4. a) Oblique view of the CSAMT section in a Leapfrog model. Note the steeply dipping
Eden Valley faults and intersecting NE oriented faults, along with the shallow thrust fault. The
mapped trace of the thrust fault corresponds to where it is imaged by CSAMT. b) Conceptual
cross section of the Otis target based on surface mapping in 2020 showing the hypothesized
fault geometry at depth as well as soil (ppb) and rock chip (g/t) assay results projected to the
section. The CSAMT data supports the existence of the conceptual faults at the Otis target.
Figure 5. Long sections of the HSRP and Getchell Trend extending ~10 km from west to east. These
comparative cross-sections show the similar fault geometry between the HSRP and the location of large
gold deposits at the Getchell Trend.
On behalf of the Board of Directors,
“Paul Sun”
CEO and Director
For further information on Eminent Gold Corp., visit www.eminentgoldcorp.com, email:
[email protected], or call 604-288-8956.
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, Weepah, Gilbert
South, and Spanish Moon District.
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 Company’s exploration plans for the Hot Springs
Range property, the Company’s expectations for the potential of the Hot Springs Range property, and the
Company’s plans for drilling on the Hot Springs Range Project. 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 on the Hot Springs Range property
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.