Welcome to our dedicated page for Eminent Gold news (Ticker: EMGDF), a resource for investors and traders seeking the latest updates and insights on Eminent Gold stock.
About Eminent Gold Corp
Eminent Gold Corp (OTCQB: EMGDF, TSXV: EMNT) is a junior mining exploration company dedicated to the discovery and development of gold deposits in Nevada, a globally recognized hub for gold production. With a strategic focus on the Great Basin, Eminent leverages its multidisciplinary expertise to identify and explore underexplored regions with significant geological potential. The company’s exploration portfolio includes three flagship projects: the Hot Springs Range Project, Gilbert South, and Celts, each positioned in areas with geological analogues to some of Nevada's most prolific gold trends.
Core Business Model and Operations
Eminent Gold operates within the high-risk, high-reward domain of mineral exploration. The company’s business model centers on acquiring prospective properties, conducting detailed geological, geophysical, and geochemical analyses, and executing maiden drill programs to validate the presence of economically viable gold deposits. By focusing on early-stage exploration, the company aims to create value through resource discovery, which can attract partnerships, joint ventures, or acquisitions by larger mining entities. Eminent’s approach is defined by its innovative use of Controlled Source Audio Frequency Magnetotellurics (CSAMT), hyperspectral imaging, and other advanced techniques to identify and target gold mineralization zones.
Exploration Portfolio
Hot Springs Range Project: Located in northcentral Nevada, this project targets the Home Ranch Terrane, which exhibits geological similarities to the Getchell Trend, a region with a 50-million-ounce gold endowment. Initial drilling has revealed significant alteration and geochemical indicators, supporting the hypothesis that the Eden Valley fault may extend into the project area.
Gilbert South: Situated in the Walker Lane Trend, this project focuses on high-grade gold mineralization associated with epithermal veins and rhyolite domes. The property’s geological setting suggests potential for significant discoveries.
Celts Project: This project targets advanced argillic alteration zones beneath rhyolite domes, a geological setting indicative of high-sulfidation epithermal systems. The area remains largely untested, offering a unique opportunity for discovery.
Industry Context and Competitive Landscape
Eminent operates in the gold exploration industry, a critical segment of the global mining sector. Nevada, where the company’s projects are located, is a top-tier jurisdiction for gold mining due to its rich geological history, well-established infrastructure, and favorable regulatory environment. Competitors include other junior exploration firms and established mining companies seeking to expand their resource base. Eminent differentiates itself through its focus on underexplored regions, data-driven exploration strategies, and a team with a proven track record of gold discoveries.
Challenges and Opportunities
As a junior exploration company, Eminent faces challenges such as securing financing for exploration activities, navigating regulatory requirements, and managing the inherent risks associated with speculative drilling. However, the company’s strategic focus on high-potential geological settings and its use of advanced exploration technologies position it well to capitalize on opportunities in Nevada’s gold-rich landscape.
Expertise and Leadership
Eminent’s multidisciplinary team brings extensive experience in geology, geophysics, and mineral exploration. The team’s track record includes multiple successful gold discoveries, underscoring their ability to identify and develop high-value assets. This expertise is a cornerstone of the company’s strategy to unlock the potential of its projects.
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.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) has announced its participation in the 50th Annual New Orleans Investment Conference scheduled for November 22nd at the Hilton New Orleans Riverside. CEO Paul Sun will deliver an investor presentation and conduct one-on-one meetings with investors during the event. The conference brings together leading analysts and investors, with a focus on major asset classes including Gold Exploration.
Eminent Gold has contracted Scout Drilling for an initial 3,000-meter diamond core drilling program at its Hot Springs Range Project's Otis target in Nevada. The drilling equipment and personnel mobilization is scheduled for November 2024. The project is strategically located, mirroring the 42-million-ounce Getchell Trend. Additionally, the company has retained Independent Trading Group (ITG) for market making services at $7,000 monthly to improve stock liquidity on the TSX Venture Exchange.
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