VANCOUVER, BC, July 21, 2025 /PRNewswire/ - 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, P.Geo. Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Story Continues 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. www.s25.q4cdn.com/322814910/files/doc_downloads/operations/ngm/Turquoise-Ridge-Technical-Report-March2024.pdf 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 Website: www.eminentgoldcorp.com Twitter: @eminent_gold LinkedIn: www.linkedin.com/company/eminent-gold-corp/ Instagram: www.instagram.com/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 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.Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/eminent-initiates-gravity-survey-at-hsrp-to-enhance-drill-targeting-302509303.html SOURCE Eminent Gold Corp. View Comments
Eminent Initiates Gravity Survey at HSRP to Enhance Drill Targeting
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.
Start Your Free Trial Now!Not sure where to invest today?
Kalkine’s latest research highlights three companies identified through in-depth analysis and market insights.
Explore these research reports to learn about companies currently being tracked by our analysts and make more informed investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...