Eminent Gold (TSXV: EMNT) (OTCQB: EMGDF) has announced results from its first drill hole at the Hot Springs Range Project (HSRP) in Nevada. This exploration marks an early stage in their 2025 drilling campaign and focuses on the Otis target, a prospective area believed to be geologically similar to the Getchell Trend, which has a documented gold endowment of 50 million ounces.

Dan McCoy, Chief Geologist and Director commented in a press release: “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 also 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.”

The company’s first drill hole, HSC002, aimed to test geological and geochemical indicators that could confirm the HSRP as an analogue to the Getchell Trend. Located roughly 15 kilometers across the Eden Valley from the prolific Getchell deposits, this maiden hole has provided initial insights into the area’s potential.

The drill core encountered significant alteration, including silica and hematite replacement of volcanic rocks and limestone, which are hallmark features of mineralized systems. So far, assays have been completed for selected samples from the top 300 meters of the 690-meter hole. These samples represent just a portion of the core, with the remaining 390 meters still undergoing analysis.

Among the highlights of the initial assays, the company reported a notable intercept of 2.9 meters grading 2.2 grams per tonne (g/t) gold, with 2,107 parts per million (ppm) arsenic. This interval includes a sub-section of 0.91 meters grading 3.9 g/t gold starting at a depth of 272.8 meters. These mineralized zones occurred within strongly faulted, silicified, and hematite-replaced volcanic rocks.

Other significant findings include additional samples with over 100 parts per billion (ppb) gold and/or 1,000 ppm arsenic, detected between depths of 225 and 295 meters. These results point to a broader anomalous interval that may yield further mineralization as more assays are completed.

Eminent emphasized the importance of these early findings as they provide preliminary evidence supporting the geological model for HSRP as a potential Getchell Trend analogue. However, the company remains cautious, noting that the results are incomplete, and the remaining samples will provide a clearer picture of the mineralization’s extent and grade continuity.

In parallel, Eminent Gold has commenced drilling on a second hole within the same target area, advancing its exploration program for 2025. The company’s broader strategy at HSRP involves testing multiple targets across the property to delineate zones of gold mineralization and validate the district-scale potential.

Nevada remains a key focus for gold exploration due to its rich history of mineral production and favorable geology. The Getchell Trend, in particular, has produced significant gold resources, making it a prime comparison point for emerging projects like HSRP. Eminent’s exploration strategy hinges on the premise that the geological setting at Hot Springs Range could host similar high-grade mineral systems.

The initial results from HSRP, while early-stage, have added to the growing interest in this project. Further drilling and the pending assay data will determine whether the Hot Springs Range can live up to its potential as a Getchell Trend analogue.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Eminent Gold Corp. (TSXV:EMNT) has released an update on its maiden drilling program at the Hot Springs Range Project (HSRP) in Nevada. This development is a milestone in the Company’s efforts to explore a potential analogue to Nevada’s prolific Getchell Trend. The announcement also highlights key 2024 achievements and outlines the Company’s strategic plans for 2025.

Paul Sun, President and CEO of the Company commented in a press release: “This is an exciting time for the Company and our shareholders as we await the initial results of the first hole at Hot Springs Range. The target is significant; success could range from confirming structures to finding trace gold or significant gold intercepts. Although we did not cross the main structure, which will be drilled in our next hole, we did intersect key faults feeding off the structure and observed great alteration and the presence of fluids in the rock. We are preparing for a very active 2025, with plans to finance and drill the other two projects in the Company’s portfolio. We are also excited to start expanding our visibility to investors through our partnership with Spark Newswire.”

Drilling Progress at Hot Springs Range Project

Eminent completed the first core drill hole at the Otis target within the HSRP, reaching a depth of approximately 500 meters. The drilling aims to test whether the HSRP mirrors the Getchell Trend, a gold-rich region with an estimated 50-million-ounce gold endowment, located just 15 kilometers across the Eden Valley. The hypothesis posits that the Eden Valley fault could be an extension of the Getchell fault, which intersects the Turquoise Ridge deposit, known for its high-grade gold production averaging 16.9 grams per tonne.

The drill targets are within the Home Ranch Terrane, a geologic formation with basalt and andesite volcanics interspersed with limestone, which are similar but slightly older than the rocks at Turquoise Ridge. The focus of Phase 1 is on intersections of NE-oriented feeder faults with thrust faults and the Eden Valley fault.

Visual inspection of the core has revealed significant alteration within the volcanic rocks and adjoining limestone, with notable hematite, clay gouge, and silicification. These findings align with the Company’s Controlled Source Audio Frequency Magnetotellurics (CSAMT) model. Assay results from the first drill hole are expected in January, with plans to proceed to a second hole targeting intersections of NE faults with the NW Eden Valley fault.

Milestones Achieved in 2024

The Company aims to continue its exploration efforts by drilling at all three key projects—HSRP, Gilbert South, and Celts—pending additional financing. These efforts are in line Eminent’s commitment to leveraging new exploration concepts and maiden drill programs in Nevada.

Eminent also announced it has entered into a marketing consulting agreement with Spark Newswire Inc., a Vancouver-based advisory firm specializing in investor relations and promotional activities. The agreement includes a US$100,000 monthly budget during the initial term, which begins in January 2024, with an option to reduce the monthly budget to US$50,000 for maintenance services after the initial term. The engagement aims to boost investor awareness and engagement. The agreement is subject to approval by the TSX Venture Exchange.

Additionally, Eminent has granted 1,350,000 incentive stock options to directors, officers, and consultants. These options vest in thirds every six months, are exercisable at $0.45, and expire in five years.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.