Eminent Gold delivers more prospective drilling in Nevada
A preliminary visual assessment indicates geological continuity with previous drilling
Eminent Gold is focused on generating shareholder value through exploration in Nevada backed by a leadership team with multiple successes in gold discoveries
Eminent Gold stock has added 44.83 per cent year-over-year
Eminent Gold (TSXV:EMNT) has completed the third drill core hole on its Hot Springs Range project in Humboldt County, Nevada, an analogous asset to the 50-million-ounce Getchell Trend.
The drillhole in question, HSC004, tested gold mineralization in and around the northeast (NE)-trending Otis Fault. HSC002, drilled parallel to the fault only 150 metres away, returned multiple gold zones grading up to 8 grams per ton (g/t), as detailed in news releases on January 16 and February 5, 2025.
Visual inspection of HSC004 core shows alteration similar to HSC002, suggesting geological continuity between the drillholes, though assays remain pending, including for drillhole HSC003 testing a northwest-oriented structure.
The news follows a $3 million investment in Eminent by major producer Kinross Gold (TSX:K) announced on Monday. Leadership insights
'We are very excited about our ongoing drill program at HSRP, with two holes pending assay results, as we are currently planning our fourth hole,' Paul Sun, Eminent Gold's president and chief executive officer, said in a statement. 'The company is well-financed to continue drilling at HSRP, as well as to drill its inaugural holes at the Celts project.'
'According to Nevada Gold Mines, the NE trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve,' added Dan McCoy, Eminent Gold's chief geologist. 'Hole HSC002 indicates that mineralization associated with the NE trending Otis fault provides us with an analogous geometry. However, hole HSC002 did not cross this structure, whereas hole HSC004 is designed to cross the structure at the same depth as the best gold hits in HSC002. We are pleased with the visual results to date.' About Eminent Gold
Eminent Gold is focused on generating shareholder value through exploration in Nevada backed by a leadership team with multiple successes in gold discoveries.
Eminent Gold stock (TSXV:EMNT) is up by 3.7 per cent on the news trading at C$0.42 per share as of 12:45 pm ET. The stock has added 44.83 per cent year-over-year.
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