Mr. Paul Sun reports
EMINENT COMPLETES FINAL CELTS PAYMENT - STRENGTHENS STRATEGIC POSITION IN NEVADA
Eminent Gold Corp. has made the final payment on its acquisition of the Celts project, totalling 560 hectares within the prolific
Walker Lane trend
of southwestern Nevada. The project shares key geological features with the Silicon-Merlin
hydrothermal system -- including host lithology, alteration style and structural setting -- making it a compelling analogue in terms of exploration potential. The Silicon-Merlin system was originally identified and optioned by Orogen Royalties Inc. to AngloGold Ashanti and is now recognized as one of Nevada's most significant recent gold discoveries.
Notably,
Barrick Gold
has recently staked ground adjacent to Celts, further highlighting the strategic significance of the area. Finalizing ownership of the Celts project aligns with Eminent's strategy to maintain majority ownership across its portfolio and positions the company in a highly prospective region with analogues to world-class gold systems.
This milestone follows Eminent's previously announced news releases dated Dec. 12, 2024, and Feb. 12, 2025, and underscores the company's intent to aggressively advance the Celts project -- now recognized as a high-potential asset within its Nevada portfolio. With Celts joining Hot Springs Range (drilling to resume shortly) and
Gilbert South, Eminent holds three 100-per-cent-owned, drill-ready projects across multiple prolific gold trends in Nevada. Celts is distinguished by its geological similarities to other high-sulphidation epithermal systems and is rapidly emerging as a priority target with near-term discovery potential. With increasing demand for new gold discoveries across Nevada's major trends, Eminent is advancing Celts as a technically robust and strategically timed opportunity.
Paul Sun, president and chief executive officer of the company, commented:
"Celts is a valuable part of our U.S. gold-focused portfolio of significant exploration opportunities, all of which host multiple targets. Our pipeline of high-impact, drill-ready opportunities is unique in both the scale each project represents and the stage defined by new concepts in areas that have not been previously considered.
"We are preparing to resume drilling at Hot Springs Range, our flagship project, where initial drill results are supporting our thesis of a nearby, emerging potential new gold trend parallel to Getchell. As we prepare to enter the next leg up in the gold market, we are planning to explore across multiple discovery-driven projects in Nevada."
Celts project highlights:
-
Defined by a rhyolite dome complex intruding through thick basalt, capped by a steam-heated zone with extensive silica and advanced argillic alteration-hallmarks of high-sulphidation epithermal systems.
- Surface samples up to 33 grams per tonne (g/t) gold from peripheral veins suggest the presence of low-sulphidation mineralization beneath the steam cap and basalt cover.
- Recent induced polarization (IP) surveys have outlined a northeast-trending structure beneath the steam cap, interpreted as a potential conduit for mineralizing fluids and geologically analogous to structural controls at the Silicon deposit.
-
Orogen Royalties Inc., which originally identified and optioned the Silicon deposit prior to its discovery, has recognized striking geological similarities between Celts and the early stage characteristics observed at Silicon.
- The maiden drill program is planned to test structure beneath the steam cap.
- Barrick recently staked approximately 1,743 hectares contiguous to the Celts project, underscoring the district's emerging potential and regional prospectivity.
Transaction highlights:
-
Final payment completed under the previously announced purchase agreement with Orogen Royalties Inc. and Altius Resources Inc.
- Remaining consideration of $325,000 (U.S.) satisfied through the issuance of 1,364,752 common shares at a deemed price of 32.83 cents per share.
- The shares are subject to a statutory hold period expiring Dec. 19, 2025.
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.
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 project, Gilbert South and Celts.
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