Eminent Gold Confirms the Existence of a Hydrothermal Gold System in the Hot Springs Range analogous to the Getchell Trend
EMINENT GOLD CORP.
Suite 1740 -1177 West Hastings Street
Vancouver, BC V6E 2K3
FOR IMMEDIATE RELEASE February 24, 2021
Eminent Gold Confirms the Existence of a Hydrothermal Gold System in the Hot Springs
Range analogous to the Getchell Trend
Vancouver, BC - Eminent Gold Corp. (TSX-V: EMNT) (the “Company”) is pleased to announce that
Phase 1 geochemical and mapping results of its Hot Spring Range Project (HSRP) located 15 km
northwest of the Getchell Trend (42.5Moz Au endowment), demonstrates proof of concept that
a Getchell Trend analogous Carlin-type gold system exists on the Property (Figure 1). The
structural framework and host rock lithologies at HSRP have never before been explored (Figure
2). Now that the Company has identified targets associated with geochemical anomalies the next
step is to confirm targets through ground geophysical surveys followed by drill testing.
Paul Sun, President and CEO of the Company commented:
"The results of our geochemical data confirms the validity of our original concept that our project
represents several features analogous to the world renowned Getchell Trend. This concept is
bolstered by the strength of the geochemical anomalies and reports from our technical team
about Carlin-type mineralization in this area that has never been tested before.
We look forward to completing geophysics on the Eden and Otis targets which will prepare us for
HSRP’s first drill program, once complete.”
The Hot Springs Range Project
Land Position
HSRP is located in Humboldt County Nevada, approximately 50 kilometers (km) northeast of the
town of Winnemucca, NV and 20 km northwest of Nevada Gold Mine’s Turquoise Ridge mine
complex, which together with Twin Creeks forms the Getchell Trend (42.5M oz in gold
endowment1). The HSRP is comprised of over 3,200 hectares of highly prospective ground that
has seen no exploration activity prior to being acquired by Eminent Gold in 2020.
Phase 1 Field Work
The Company took 1,312 soil samples at 125-meter centers and 157 rock samples at the Otis
target, and 79 pediment soil samples at the Eden target to test the conceptual model of a Carlin-
type hydrothermal gold system analogous to the Getchell Trend occurring in the Hot Springs
Range. Additionally, geologic mapping by the Company’s experienced technical team confirmed
the presence of multiple key characteristics of a Carlin-type system a) a prospective Carlin-type
host rock (i.e., limestone & andesite package similar to the Comus formation), b) a remarkably
similar structural architecture between HSRP and the Getchell Trend of steeply dipping feeder
faults and shallowly dipping thrust faults, c) alteration characteristics (i.e., decalcification of
carbonate rocks and sulfidation of iron-bearing igneous rocks), and d) anomalous gold and
pathfinder geochemistry occurring in predicted places spatially associated with feeder faults that
intersect favourable host rocks and thrust faults. The cumulative Phase 1 evidence validates a
proof of concept that a Carlin-type hydrothermal gold system may exist in the Hot Springs Range
that has never before been recognized or explored.
Otis Target Results to Date
At the Otis target, the anomalous geochemistry discovered by the Company occurs adjacent to
the intersection of the inferred feeder faults with the prospective host rocks and thrust fault
(Table 1 & 2, Figure 3). The prospective host rocks and thrust dip eastward where they are
obscured by a thin veneer of younger, post mineral sediments and basalt flows. The Otis target
occurs where multiple orientations of inferred feeder faults intersect the thrust fault and
prospective host rocks at approximately 300 meters depth. Controlled-Source Audio-Frequency
Magnetotellurics (CSAMT), a ground geophysical survey, will confirm the presence and depth of
the conceptual Otis target beneath the post mineral cover.
Eden Target Results to Date
At the Eden target the anomalous geochemistry discovered by the Company occurs in the
immediate proximity to scarps of modern normal faults (Table 3, Figure 4). The modern scarps
cut a thick package of post mineral cover. Background soil samples of this cover yield <1.5 ppb
Au. Gravity data indicate that these modern faults are long lived and are thus potentially
reactivated feeder faults for a Carlin-type hydrothermal gold system. Recent earthquakes and
rupture of modern faults has caused the surface expulsion of deeply sourced ground water along
the sampled faults. The anomalous geochemical results indicate the expelled ground water has
scavenged elements from a buried occurrence of gold mineralization. Further, the elemental
makeup of the geochemical anomaly is indicative of a Carlin-type system.
Getting Ready to Drill: Proposed CSAMT program
Given both the Otis and Eden targets are largely obscured by post-mineral basalt and pediment,
the Company has contracted a geophysical company to perform a CSAMT program. The program
is designed to identify where the deep-seated faults intersect the low angle thrust and
prospective host rocks. The Company expects to have results and interpretations from this
program by late Spring, at which time it will design a drill program.
All scientific and technical information in this news release has been prepared by, or approved by Michael
Dufresne, M.Sc., P. Geo., President and Principal of APEX Geoscience Ltd. Mr. Dufresne is a qualified person
for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Information
regarding production at adjacent properties has been taken from publicly available sources believed to be
reliable, but the qualified person has not done any verification work and cannot confirm the accuracy of
such reports. Production or mineralization at such adjacent properties may not be indicative of the
prospectivity for mineralization at the HSRP, and readers should not place undue reliance on such
information.
Figure 1. Plan view map of north-central Nevada and the major gold trends and associated
deposit locations. The Hot Springs Range Project is located at the northern portion of the
Battle Mountain-Eureka Trend and shares a similar oblique orientation as the nearby Getchell
Trend. The blue box denotes the location of Fig. 2.
Figure 2. Top) Oblique northeast view map of the Getchell Trend and Hot Springs Range region. The
two areas share analogous structural frameworks of reactivated high-angle normal faults that are the
inferred feeder structures for the hydrothermal gold systems. The anomalous surface geochemistry
between the two areas is also similar. Black boxes of the HSRP target areas denote the location of Fig.
3 and 4 plan maps. Bottom) Outcrop photos of the most prospective host rocks at HSRP.
Figure 3. Otis Target. Top) Plan view geologic map with major vertical feeder and thrust faults (bolded
black solid lines) and the extent of the geochemical anomaly (yellow polygon) associated with the
east-dipping host rocks that extend beneath the post mineral basalts & sediments. The intersection of
the feeder faults with the thrust-host rock occurs beneath post mineral cover and defines the Otis
target area (red polygon). The CSAMT survey extent (purple box) covers the fault intersection target
area. Bottom) Cross section A-A’ through the Otis target with the respective localities of the most
anomalous soil and rock samples projected onto the section. The geochemical anomaly is inferred to
occur on the western shoulder of a larger mineral occurrence to the east, where the feeder structures
intersect the host rocks and thrust fault.
Figure 4. Eden target. Plan view map of a DTM with mapped fault scarps and soil samples.
The most anomalous samples cluster where projected fault intersections occur to define
the Eden target (red line). The CSAMT survey extent (purple box) covers the fault
intersection target. Inset cross section B-B’ across the Eden target shows the conceptual
target obscured by post mineral cover. Projected geology indicates that the same Otis host
rocks and thrust occur at depth and are intersected by reactivated feeder faults.
Anomalous soil samples along modern fault scarps are interpreted to be the result of
pathfinder elements being scavenged from a mineral source at depth.
Sample
ID
Au
(g/t)
Ag
(g/t)
As
ppm
Hg
ppm
Sb
ppm
Se
ppm
Te
ppm
Tl
ppm
W
ppm
303524 0.706 0.028 457 0.453 19.05 0.272 0.007 0.562 4.56
303526 0.684 0.025 522 1.065 8.93 0.126 0.005 0.932 5.88
19PP03 0.405 0.014 764 4.46 31.5 0.757 0.007 1.125 3.26
303421 0.39 0.1 826 0.226 66 0.084 0.005 0.257 1.195
303419 0.355 0.063 1400 0.304 21.8 0.4 0.007 0.273 0.985
303533 0.25 1.01 263 2.06 19.55 0.767 0.024 0.389 5
303420 0.202 0.18 422 0.986 21.9 0.151 0.006 0.13 1.11
303438 0.138 0.003 571 0.013 8.19 0.22 0.005 0.684 2.75
19PP06 0.128 0.008 17 0.092 3.55 0.067 0.005 0.192 1.38
Sample ID Au ppb Ag ppb As ppb Hg ppb Sb ppb Se ppb Tl ppb W ppb
342552 465 66.4 7.5 1 0.6 4 0.25 6.2
342816 165 42.1 42.7 1.9 0.8 5 0.34 5.3
342572 119.5 81.3 38 0.8 1.1 4 0.28 4.7
342705 73.5 45 8.8 0.6 0.8 7 0.39 4.5
342817 67.2 49.5 11.6 0.4 0.5 3 0.43 4.3
342818 38.3 42.2 10.3 0.7 0.6 3 0.63 4.8
342667 36.6 108.5 11.4 0.9 0.6 12 0.42 4.8
342674 32.8 71.1 18.7 1.8 3.8 2 0.19 10.6
342737 30 45.1 9.6 4.7 1 7 0.11 8.4
Table 1. Rock sample results from the Hot Springs Range Project – Otis Target area. Approximately 1 kg of
material was collected for analysis and sent to the ALS lab in Elko, NV for preparation and then to Sparks, NV
for analysis. All samples are assayed using 30g nominal weight fire assay with ICP finish (Au-ICP21) and multi-
element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs for 2020 rock grab samples
using standards, blanks and duplicates indicate good accuracy and precision in a large majority of standards
assayed. Grab samples are selective in nature and cannot be consider as representative of the underlying
mineralization.
Table 2. Soil sample results from the Hot Springs Range Project – Otis Target area. Approximately 2 kg of
material was collected for analysis and sent to the ALS lab in Elko, NV for preparation and then to Sparks, NV
for analysis. All samples are assayed using 50g nominal weight multi-element ionic leach method (ME-MS23).
QA/QC programs for 2020 soil samples using standards, blanks, and duplicates indicate good accuracy and
precision in a large majority of standards assayed.
References:
1Muntean, John. 2019. Carlin-Style Deposits in Nevada: Exploration Activity and Targeting Criteria.
Prospectors & Developers Association of Canada Meeting 2019; Back to North America: New
Opportunities.
On behalf of the Board of Directors,
“Paul Sun”
CEO and Director
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, 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-
Sample ID Au ppb Ag ppb As ppb Re ppb Sb ppb Se ppb
336186 7.04 157.5 11 0.02 2 17
336187 6.77 117.5 11 0.01 8.5 10
342775 6.03 59.3 19.6 0.02 8.6 16
336178 4.71 83 50.8 0.02 4.1 14
342793 3.27 81 36 0.01 3.6 10
336309 3.14 131 17.1 0.01 1 14
342784 3.1 35.9 10.3 0.01 3.1 7
336356 3.04 114 6.6 0.01 0.9 8
Table 3. Soil sample results from the Hot Springs Range Project – Eden Target area. Approximately 2 kg of
material was collected for analysis and sent to the ALS lab in Elko, NV for preparation and then to Sparks, NV
for analysis. All samples are assayed using 50g nominal weight multi-element ionic leach method (ME-MS23).
QA/QC programs for 2020 soil samples using standards, blanks and duplicates indicate good accuracy and
precision in a large majority of standards assayed.