Latest news with #Eminent
Cision Canada
21-07-2025
- Business
- Cision Canada
Eminent Initiates Gravity Survey at HSRP to Enhance Drill Targeting
VANCOUVER, BC, July 21, 2025 /CNW/ - Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB) (" Eminent" or the " Company") is pleased to announce the initiation of a high-resolution gravity geophysical survey at the Otis target within its Hot Springs Range Project (" HSRP") in Humboldt County, Nevada. Located adjacent to the prolific 50-million-ounce Au Getchell Trend¹, HSRP represents a strategic land position within one of Nevada's most productive gold districts. Drilling is expected to resume once gravity data is fully interpreted and integrated. In collaboration with Kinross Gold Corporation (TSX: K, NYSE: KGC) (" Kinross"), a 9.9% shareholder, Eminent has launched a gravity survey designed to image the subsurface with enhanced resolution. The survey aims to delineate subtle structural features—such as faults and fluid conduits—that may represent key controls on mineralization. This work is intended to sharpen the targeting model and increase the probability of intersecting higher-grade zones, as the company believes it is vectoring toward a more extensive mineralized system. The survey will also aim to refine the Eden target located within the 15 km-long Hot Springs Range trend. Dan McCoy, Chief Geologist and Director, commented: "Our early drilling at Otis confirmed a robust gold-bearing system within the NE trending Otis structure. We believe that Otis is likely a secondary structure where the current gravity survey is designed to highlight additional structural corridors in the Otis area, which may be feeding the Otis structure mineralization. This will be our first opportunity to run a geophysical program over the entire 15+ km length of the property to reveal the structural plumbing at our other targets Sitka and Eden and could further reveal new targets in this prospective, underexplored belt." The gravity survey is anticipated to be completed in the coming weeks, which will be followed by the resumption of drilling in August. Paul Sun, President and CEO of the Company, commented: "We believe we are in the early stages of uncovering a significant gold system at our wholly owned HSRP property in Nevada. Our collaboration with Kinross, a major stakeholder, is enhancing our exploration efforts as we advance the robust system we've identified. Eminent is well positioned with three major gold opportunities in Nevada, all coming online with drill permits this year and a strong outlook on gold performance." All scientific and technical information in this news release has been prepared by, or approved by, Michael Dufresne, Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Cautionary Statement Mineralization, resources, or reserves reported on adjacent or nearby properties, or within the same geological trend, are not necessarily indicative of mineralization at the Hot Springs Range Project. Investors should not rely on such comparisons as a basis for potential mineralization or economic viability at the Company's property. All exploration results are subject to further analysis, and there is no guarantee of future resource definition or development. 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 Engineering Ltd. ON BEHALF OF THE BOARD OF DIRECTORS Paul Sun CEO & 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, 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.
The Market Online
18-07-2025
- Business
- The Market Online
Contributors Corner Eps 12-Digging Deeper: Why the Big Players Are Betting on Junior Miners"
Contributors Corner, Eps. 12 with Paul Sun Big-cap mining companies are facing a major problem: dwindling reserves and a lack of new discoveries. Instead of taking on early-stage risk themselves, they're increasingly turning to junior explorers to do the heavy lifting—making small caps the new hunting ground for future supply. In this episode of Contributors Corner, we unpack this shift with Paul Sun, CEO of Eminent Gold (TSXV: EMNT), a junior explorer operating in Nevada that's already caught market attention with its high-potential targets and technical team stacked with major mining pedigrees. Paul shares how this surge in strategic interest is reshaping the junior space, what big players are really looking for, and how companies like Eminent are positioning themselves to benefit. With capital tighter than ever, majors are becoming more selective, and the juniors with real assets and seasoned leadership are standing out. 🎙️ Listen in as we explore how this top-down investment trend is creating new momentum for juniors and why it might just mark the start of a major shift in mining's capital landscape. 🌍 Learn more about Eminent Gold at Check out our past issues of Contributors Corner where Michael Succurro from Spark Financial and Lyndsay Malchuk break open the topics that matter most for your portfolio and Bundeep Singh from Fineqia gives us all the 4-1-1 on crypto and blockchain DISCLAIMER: These conversations are packed full of useful knowledge for your portfolio decisions, and remember these are the opinions of our own, with vested interests in particular assets and companies. Always be sure you speak with your Financial Advisor and know your own risk tolerance. For full disclaimer information, please click here To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards.
Yahoo
15-05-2025
- Business
- Yahoo
Kinross Gold Completes Acquisition of 9.9% Stake in Eminent Gold
Kinross Gold Corporation KGC has acquired a total of 7,574,237 units of Eminent Gold Corp., paying 40 cents per unit for a total investment of around $3 million. This transaction was pursuant to the completion of Eminent's private placement of 10,711,900 units. Each unit includes one common share of Eminent and one-half of a share purchase warrant. Every warrant allows the holder to buy one common share at a price of 70 cents for a period of 24 months from the date of this acquisition, Kinross had no ownership or control over any securities of Eminent. Following the transaction, Kinross now holds a total of 7,574,237 common shares and 3,787,118 warrants. This represents about 9.9% of Eminent's issued and outstanding shares on a non-diluted basis and approximately 14.15% on a partially diluted of Kinross have surged 72% in the past year compared with a 26.7% rise of the industry. Image Source: Zacks Investment Research Kinross aims to produce 2 million gold equivalent ounces (+/- 5%) at a production cost of sales per gold equivalent ounce of $1,120 (+/- 5%), with an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold in 2025. Total attributable capital expenditures are expected to be $1,150 million (+/-5%). Kinross Gold Corporation price-consensus-chart | Kinross Gold Corporation Quote KGC currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKNCarpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 112% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Idaho Strategic Resources' current-year earnings is pegged at 21 cents. IDR, carrying a Zacks Rank #2, surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, with an average earnings surprise of 21.7%. The company's shares have rallied 28% in the past which currently carries a Zacks Rank #1, beat the consensus estimate in one of the trailing four quarters, while missing thrice. In this time frame, it has delivered an earnings surprise of roughly 6.1%, on average. The company's shares have rallied 57.3% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
07-05-2025
- Business
- The Market Online
Eminent Gold delivers more prospective drilling in Nevada
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 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. Join the discussion: Find out what everybody's saying about this Nevada gold stock on the Eminent Gold Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
07-05-2025
- Business
- Yahoo
Eminent Provides Drilling Update at Hot Springs Range Project
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB) ("Eminent" or the "Company") is pleased to provide an update on its ongoing drill program at the Hot Springs Range Project ("HSRP") in northern Humboldt County, Nevada, an analogue to the prolific 50-million-ounce Getchell Trend1 (see Figures 1-2 for property and target locations). The Company has successfully completed its third drill core hole, HSC004 (following the early termination of HSC001 at a shallow depth) and is now awaiting assay results for both HSC003 and HSC004. Dan McCoy, Chief Geologist and Director commented: "According to Nevada Gold Mines, the NE trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve4. 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." Drilling Update Eminent's recently completed hole, HSC004, was designed to test gold mineralization in and around the northeast (NE)-trending Otis Fault (see Figures 3-5 for plan and section views, as well as hole azimuths and dips). Hole HSC002, drilled parallel to this fault, encountered multiple zones with gold intercepts of up to 8 grams per tonne (g/t), which the company released in news releases dated January 15 and February 5, 2025. HSC004 was designed to cross the Otis Fault at a location approximately 150 meters offset from HSC002, at the same depth. While assay results are pending, an initial visual examination of the core indicates alteration features similar to those observed in HSC002. These observations suggest potential continuity of geological characteristics along the Otis Fault corridor; however, confirmation will require further analytical testing. Eminent is also awaiting the complete assay results from Hole HSC003, which tested a northwest oriented structure. Paul Sun, President and CEO of the Company commented: "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. The Company is well-financed to continue drilling at HSRP, as well as to drill its inaugural holes at the Company's Celts project." All scientific and technical information in this news release has been prepared by, or approved by Michael Dufresne, Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
