Eminent's First Drill Hole Hits Significant Gold-Arsenic in Getchell Trend Analogue and Commences Second Hole at Hot Springs Range Project
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) ha annunciato risultati significativi dal suo primo foro di perforazione (HSC002) presso il progetto Hot Springs Range in Nevada. Il foro, che mirava al target Otis, ha rivelato una notevole mineralizzazione di oro e arsenico, con il migliore intersezione che ha mostrato 2,9 metri di 2,2 g/t di oro e 2.107 ppm di arsenico, inclusi 3,9 g/t Au su 0,91m a partire da 272,8m di profondità.
Il progetto viene esplorato come un potenziale analogo al prolifico Getchell Trend, che ha un patrimonio di 50 milioni di once d'oro ed è situato a 15 km attraverso la Eden Valley. L'azienda ha già iniziato il suo secondo foro di perforazione (HSC003), che si concentrerà sull'intersezione delle faglie NE con la faglia NW della Eden Valley e la faglia di sovrascorrimento che delimita il contatto inferiore del Home Ranch Terrane.
Attualmente, solo alcuni campioni dei primi 300 metri sono stati analizzati, mentre i risultati dei restanti 390 metri sono ancora in attesa. Diversi campioni hanno mostrato valori superiori a 100 ppb Au e/o 1.000 ppm As tra 225m e 295m di profondità.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) ha anunciado resultados significativos de su primer agujero de perforación (HSC002) en el proyecto Hot Springs Range en Nevada. El agujero, que tenía como objetivo el objetivo Otis, reveló una notable mineralización de oro-arsénico, con la mejor intersección mostrando 2.9 metros de 2.2 g/t de oro y 2,107 ppm de arsénico, incluyendo 3.9 g/t Au sobre 0.91m comenzando a 272.8m de profundidad.
El proyecto se explora como un posible análogo de la prolífica tendencia Getchell, que tiene un patrimonio de 50 millones de onzas de oro y se encuentra a 15 km en la Eden Valley. La empresa ya ha comenzado su segundo agujero de perforación (HSC003), que se centrará en la intersección de fallas NE con la falla NW de Eden Valley y la falla de empuje que delimita el contacto inferior del Home Ranch Terrane.
Actualmente, solo se han analizado muestras seleccionadas de los primeros 300 metros, y los resultados de los restantes 390 metros aún están pendientes. Varios muestreos mostraron valores superiores a 100 ppb Au y/o 1,000 ppm As entre 225m y 295m de profundidad.
에미넌트 골드 Corp (TSXV: EMNT) (OTCQB: EMGDF)가 네바다의 핫 스프링스 레인지 프로젝트에서 첫 번째 코어 홀(HSC002)의 중요한 결과를 발표했습니다. 드릴 홀은 오티스 타깃을 목표로 하여, 2.9미터에서 2.2 g/t의 금과 2,107 ppm의 비소가 포함된 주목할 만한 금-비소 광물화를 밝혔고, 272.8m 깊이에서 시작한 0.91m 구간의 경우 3.9 g/t Au를 기록했습니다.
이 프로젝트는 5000만 온스의 금 자원을 보유하고 있는 프로리픽 겟첼 트렌드의 잠재적인 유사 체계로 탐색되고 있으며, 에든 밸리를 따라 15km 떨어져 있습니다. 회사는 NE 단층과 NW 에든 밸리 단층 및 홈 랜치 테레인의 하부 접촉을 경계짓는 추진 단층이 교차하는 지점을 목표로 하는 두 번째 드릴 홀(HSC003)을 이미 시작했습니다.
현재 첫 300미터에서 몇몇 샘플만 분석되었으며, 나머지 390미터의 결과는 아직 대기 중입니다. 여러 샘플은 225m와 295m 깊이 사이에서 100 ppb Au 및/또는 1,000 ppm As 이상의 값을 보였습니다.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) a annoncé des résultats significatifs de son premier trou de forage (HSC002) dans le projet Hot Springs Range au Nevada. Le trou de forage, visant l'objectif Otis, a révélé une minéralisation notable en or-arsenic, avec la meilleure interception montrant 2,9 mètres à 2,2 g/t d'or et 2.107 ppm d'arsenic, y compris 3,9 g/t Au sur 0,91m à partir de 272,8m de profondeur.
Le projet est exploré comme un analogue potentiel à la tendance prolifique de Getchell, qui possède un don de 50 millions d'onces d'or et est situé à 15 km à travers la vallée d'Eden. L'entreprise a déjà commencé son deuxième trou de forage (HSC003), qui ciblera l'intersection des failles NE avec la faille NW de la vallée d'Eden et la faille de chevauchement délimitant le contact inférieur du Home Ranch Terrane.
Actuellement, seules quelques échantillons des 300 premiers mètres ont été analysés, les résultats des 390 mètres restants étant encore en attente. Plusieurs échantillons ont montré des valeurs supérieures à 100 ppb Au et/ou 1 000 ppm As entre 225m et 295m de profondeur.
Eminent Gold Corp (TSXV: EMNT) (OTCQB: EMGDF) hat bedeutende Ergebnisse aus seinem ersten Bohrloch (HSC002) im Hot Springs Range Projekt in Nevada angekündigt. Das Bohrloch, das das Otis-Ziel anvisierte, zeigte bemerkenswerte Gold-Arsen-Mineralisierung, wobei der beste Schnitt 2,9 Meter mit 2,2 g/t Gold und 2.107 ppm Arsen aufwies, einschließlich 3,9 g/t Au über 0,91m beginnend bei 272,8m bohrtiefe.
Das Projekt wird als potenzielles Analogon zum produktiven Getchell Trend erkundet, der über eine Goldvorkommen von 50 Millionen Unzen verfügt und 15 km über das Eden Valley gelegen ist. Das Unternehmen hat bereits mit seinem zweiten Bohrloch (HSC003) begonnen, das die Kreuzung von NE-Störungen mit der NW Eden Valley-Störung und der Überschiebung, die den unteren Kontakt des Home Ranch Terrane begrenzt, anvisieren wird.
Derzeit wurden nur ausgewählte Proben aus den obersten 300 Metern analysiert, während die Ergebnisse der verbleibenden 390 Meter noch ausstehen. Mehrere Proben zeigten Werte über 100 ppb Au und/oder 1.000 ppm As zwischen 225m und 295m Tiefe.
- First drill hole intercepted significant gold mineralization: 2.9m of 2.2 g/t gold
- Project location near Getchell Trend (50M oz gold endowment)
- Multiple samples showed elevated gold and arsenic values
- Second drill hole already in progress targeting major structures
- Incomplete assay results with 390 meters still pending
- First drill hole did not cross main structure
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) ("the Company" or "Eminent") is pleased to provide its first core assays at the Hot Springs Range Project in Nevada (see Figures 1 and 2 for location), and to announce the 2025 drill program is underway.
Eminent completed the first core hole HSC002* in its maiden drill program at the Otis target within the Hot Springs Range Project ("HSRP") (see NR dated 12/31/24). The objective of the drill hole was to look for geologic and geochemical indicators that HSRP is an analogue to the prolific Getchell Trend (50-million-ounce gold endowment1) 15 km across the Eden Valley (Figure 2). The hole encountered significant alteration in the form of silica and hematite replacement of volcanic rocks and limestone (Figure 3 (plan) and Figure 4 (cross-section)). To date, only select samples chosen for gold rush assay have returned. Samples collected included 110 meters spread out over the top 300 meters of the hole, with the remaining 390 meters of the hole still awaiting assay. The best intercept to date is 2.9 meters (m) of 2.2 g/t gold (Au) and 2,107 ppm arsenic (As), including 3.9 g/t Au over 0.91 m starting at 272.8 m downhole, which occurred in strongly faulted, silicified and hematite-replaced volcanic rocks (core photo in Figure 5). Several other samples in the gold-rushed samples assayed above 100 parts per billion (ppb) Au and/or 1,000 parts per million (ppm) As starting at 225 m depth and continuing to 295 m depth. The assays are not complete over this interval so additional anomalous samples may be present.
Dan McCoy, Chief Geologist and Director commented:
"Our thesis is that our Hot Springs Range Project may represent a prolific parallel version of the nearby Getchell Trend. Our first partially reported drill hole, which did not cross the main structure, intersected strong alteration as well as significant gold and arsenic within the alteration.
The second hole is currently drilling across nearby primary structures, which we feel may be associated with the heart of the system."
The information obtained from this hole provides a clear path for the second drill hole, 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 (see Figure 3 for location and Figure 6 for planned section). HSC002, despite having anomalous gold and arsenic numbers, did not cross any of these major structures (Figure 4).
Paul Sun, President and CEO of the Company commented:
"Hitting significant gold and arsenic in our first hole and on the other side of the Getchell Trend, where nobody has drilled before, is super exciting due to the magnitude of the nearby mines and the analogous features. We believe we are in the infancy of a potential world-class gold discovery in Nevada at our Hot Springs Range Project, and we are very excited to be advancing our other two projects towards drilling as gold's price and outlook improve."
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. Eminent Project Location Map.
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Figure 2. Location Map of HSRP project relative to the Getchell Trend.
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Figure 3. Plan map showing lithology, significant faults, anomalous zones and traces of drill hole HSC002 and HSC003 (in progress). Hole HSC003: 55 deg dip In Progress.
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Figure 4. Cross-Section of drill hole HSC002 showing the zone of gold and arsenic enrichment.
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Figure 5. Gold and Arsenic-enriched drill core from HSC002.
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Figure 6. Drill hole in progress. The trace of the drill hole is B-B' is shown on the plan map in Figure 3.
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Nevada Gold Mines. (2021, May 20). Investor Day Presentation. Barrick Gold Corporation.
Lane, T., Harvey, T., Moritz, R., Samari, H., & Breckenridge, L. (2021). Preliminary Economic Assessment NI 43-101 Technical Report Granite Creek Mine Project Humboldt County, Nevada, USA. Global Resource
*HSC001 aborted due 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: michael@eminentgoldcorp.com
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, 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/237380
FAQ
What are the initial gold assay results from EMGDF's Hot Springs Range Project?
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What is the status of EMGDF's 2025 drill program at Hot Springs Range?
How much of the first drill hole assay results are still pending for EMGDF?
What are the target structures for EMGDF's second drill hole?
