Eminent Gold (TSXV: EMNT) (OTCQB: EMGDF) has announced results from its first drill hole at the Hot Springs Range Project (HSRP) in Nevada. This exploration marks an early stage in their 2025 drilling campaign and focuses on the Otis target, a prospective area believed to be geologically similar to the Getchell Trend, which has a documented gold endowment of 50 million ounces.

Dan McCoy, Chief Geologist and Director commented in a press release: “Our thesis is that our Hot Springs Range Project may represent a prolific parallel version of the nearby Getchell Trend. Our first partially reported drill hole, which did not cross the main structure, intersected strong alteration as well as significant gold and arsenic within the alteration. The second hole is currently drilling across nearby primary structures, which we feel may be associated with the heart of the system.”

The information obtained from this hole provides a clear path for the second drill hole, which will target the intersection of NE faults with the NW Eden Valley fault and the thrust fault bounding the lower contact of the Home Ranch Terrane (see Figure 3 for location and Figure 6 for planned section). HSC002, despite having anomalous gold and arsenic numbers, did not cross any of these major structures (Figure 4).

Paul Sun, President and CEO of the Company also commented: “Hitting significant gold and arsenic in our first hole and on the other side of the Getchell Trend, where nobody has drilled before, is super exciting due to the magnitude of the nearby mines and the analogous features. We believe we are in the infancy of a potential world-class gold discovery in Nevada at our Hot Springs Range Project, and we are very excited to be advancing our other two projects towards drilling as gold’s price and outlook improve.”

The company’s first drill hole, HSC002, aimed to test geological and geochemical indicators that could confirm the HSRP as an analogue to the Getchell Trend. Located roughly 15 kilometers across the Eden Valley from the prolific Getchell deposits, this maiden hole has provided initial insights into the area’s potential.

The drill core encountered significant alteration, including silica and hematite replacement of volcanic rocks and limestone, which are hallmark features of mineralized systems. So far, assays have been completed for selected samples from the top 300 meters of the 690-meter hole. These samples represent just a portion of the core, with the remaining 390 meters still undergoing analysis.

Among the highlights of the initial assays, the company reported a notable intercept of 2.9 meters grading 2.2 grams per tonne (g/t) gold, with 2,107 parts per million (ppm) arsenic. This interval includes a sub-section of 0.91 meters grading 3.9 g/t gold starting at a depth of 272.8 meters. These mineralized zones occurred within strongly faulted, silicified, and hematite-replaced volcanic rocks.

Other significant findings include additional samples with over 100 parts per billion (ppb) gold and/or 1,000 ppm arsenic, detected between depths of 225 and 295 meters. These results point to a broader anomalous interval that may yield further mineralization as more assays are completed.

Eminent emphasized the importance of these early findings as they provide preliminary evidence supporting the geological model for HSRP as a potential Getchell Trend analogue. However, the company remains cautious, noting that the results are incomplete, and the remaining samples will provide a clearer picture of the mineralization’s extent and grade continuity.

In parallel, Eminent Gold has commenced drilling on a second hole within the same target area, advancing its exploration program for 2025. The company’s broader strategy at HSRP involves testing multiple targets across the property to delineate zones of gold mineralization and validate the district-scale potential.

Nevada remains a key focus for gold exploration due to its rich history of mineral production and favorable geology. The Getchell Trend, in particular, has produced significant gold resources, making it a prime comparison point for emerging projects like HSRP. Eminent’s exploration strategy hinges on the premise that the geological setting at Hot Springs Range could host similar high-grade mineral systems.

The initial results from HSRP, while early-stage, have added to the growing interest in this project. Further drilling and the pending assay data will determine whether the Hot Springs Range can live up to its potential as a Getchell Trend analogue.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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