00:38:54 EDT Sun 11 May 2025
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Eminent Gold Corp
Symbol EMNT
Shares Issued 65,795,542
Close 2025-05-07 C$ 0.41
Market Cap C$ 26,976,172
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Eminent Gold completes drilling HSC004 at Hot Springs

2025-05-07 17:24 ET - News Release

Mr. Paul Sun reports

EMINENT PROVIDES DRILLING UPDATE AT HOT SPRINGS RANGE PROJECT

Eminent Gold Corp. has provided an update on its continuing drill program at the Hot Springs Range project (HSRP) in northern Humboldt county, Nevada, an analogue to the prolific 50-million-ounce Getchell trend. 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 northeast-trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve. Hole HSC002 indicates that mineralization associated with the northeast-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-trending Otis fault. Hole HSC002, drilled parallel to this fault, encountered multiple zones with gold intercepts of up to eight grams per tonne, which the company released in its news releases dated Jan. 15 and Feb. 5, 2025.

HSC004 was designed to cross the Otis fault at a location approximately 150 metres 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 chief executive officer 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, PGeo. 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 from neighbouring properties or within the same gold camp are not necessarily indicative of results at the Hot Springs Range project. Investors should not rely on such comparisons as evidence of potential mineralization at the company's property.

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 the Hot Springs Range project, Celts and Gilbert South.

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