Mr. Paul Sun reports
EMINENT GOLD COMMENCES DRILLING ON GETCHELL TREND ANALOGUE IN NEVADA
Eminent Gold Corp. has begun its inaugural core drilling program at the Otis target area within its Hot Springs Range project (HSRP), located in northern Humboldt county, Nevada. The initial phase of the program is expected to consist of 1,000 metres using one drill rig targeting a potential parallel structure to the Getchell trend, which hosts the Turquoise Ridge and Twin Creeks deposits only 15 to 20 kilometres southeast of HSRP.
Paul Sun, president and chief executive officer of the company, commented:
"The opportunity at Hot Springs is to find the other half or a parallel trend to the world-renowned gold trend in Nevada. We have worked diligently for the past few years developing strong geological concepts and have waited patiently for the opportune time of a strong gold market prior to commencing our first drill program in an effort to maximize returns for shareholders in the event that we are successful.
"Eminent is in a great position with two premier gold opportunities in Nevada that offer world-class discovery potential with different levels of risk and stage of development. The company's goal is to develop and consecutively drill a pipeline of high-quality major gold exploration projects in Nevada during the anticipated outperformance in the price of gold."
Drilling strategy objective
The discovery-based maiden core drill program will examine the structural framework interpreted in the coinciding geochemistry and CSAMT (controlled-source audio-frequency magnetotelluric) study for the existence of a potential significant gold-bearing system, testing the thesis of a direct analogue to the nearby (15-kilometre) prolific Getchell trend (42-million-ounce gold endowment) across the Eden Valley.
Phase 1 will evaluate the Otis target, which is one of three significant targets, including Sitka and Eden. The Otis target is located 15 km northwest of Nevada Gold Mines' (Newmont-Barrick joint venture) Turquoise Ridge deposit (seven million ounces of gold produced) and interpreted to be on the same cross-structure intersecting Getchell and the Hot Springs Range project, and this phase will consist of two drill holes. These holes will target the vertical Eden Valley fault zone, hypothesized to be an extension of the Getchell fault, where coinciding anomalous surface geochemistry, including gold, has been identified in soil and rock sampling.
Drill program details
Hole HSRP-C001 will be drilled into the Otis target from pad 2 at an azimuth of 270 degrees and a 45-degree angle. The hole is designed to hit the intersection of the thrust fault, penetrating the preferred limestone/andesite host rock, with the deep-piercing, near-vertical Eden Valley fault, which is proposed to be the conduit for deep-seated, gold-bearing fluids.
Dan McCoy, chief geologist and director, commented:
"The HSRP project has provided encouraging results through each phase of exploration as we advanced the project to a drill-ready phase. Surface exploration identified gold up to 2.8 grams per tonne and other strong pathfinder metals on or above projected key structures identified in geophysics which represent multiple analogous features to the deposits on the Getchell trend in scale and geochemistry footprint.
"The opportunity at our Hot Springs Range project is to find Nevada's next major gold mine, with compelling data all pointing to multiple prospective targets. We are excited to see the results."
All scientific and technical information in this news release has been prepared 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.
About Eminent Gold Corp.
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 and Gilbert South.
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