#Canada #Vancouver #Eminent Gold #Celts Project #Arthur Project

Eminent Gold Corp. Expands Claims and Confirms Age Dating at Celts Project

Eminent Gold Corp. (TSXV: EMNT) has exciting news regarding its exploration efforts at the Celts project in Nevada. A significant finding has revealed that the age date of 11.73 million years aligns with the mineralization at AngloGold Ashanti's renowned Arthur Project. This project, which boasts an impressive mineral endowment of approximately 15.7 million ounces of gold, is situated about 100 kilometers from Celts, along the same structural trend.

Geological Significance

The geological setting at Celts is particularly promising, given its correlation with the characteristics that lead to the formation of large, bulk-mineable deposits, as seen at the Arthur Project. Historically, younger gold systems in this district, like that of Celts, have yielded significant economic deposits, contrasting with older sites that primarily produced high-grade underground ore. This positions Celts as one of the last unexplored gold systems from the Silicon age within the region.

A detailed geological map has shown the potential for extensive mineralization within the claims. Eminent recently doubled its claims to cover over 1,020 hectares, indicating the growing confidence in the site's prospects. The company aims to initiate a five-hole drill program designed to explore both fault-hosted and layer-hosted targets, aligning with its broader strategy to capitalize on this exciting discovery phase.

Sampling and Mapping Results

Eminent Gold's sampling efforts yielded notable results, with the company reporting surface rock samples returning gold values of up to 1.5 g/t from new areas away from previously mined sites. Mapping and structural studies have highlighted strategic fault targets, reinforcing the decision to push ahead with drilling. Geologist Dan McCoy, Eminent's President and CEO, emphasized the transformative opportunity this project represents, stating, "As we enter a potentially groundbreaking phase of drilling at HSRP, we are excited to have positioned Celts for discovery and further exploration."

The Upcoming Drill Program

The planned drilling will cover an area of around 2,500 meters. The strategy includes testing beneath the rhyolite dome along the Cool Boy fault, as well as probing areas near the Gold Button Mine that could host gold mineralization akin to the rich deposits found in the Merlin-style targets. As the company prepares to break ground, two of the five planned holes have already received the necessary permits.

Conclusion and Future Outlook

The age dating of the alunite sample, which confirms the active geological processes that led to the formation of gold systems at the Arthur Project, offers a solid foundation for Eminent’s next steps. With the support of robust geological mapping and sampling results, the company is poised to unlock significant value through the exploration of these gold-rich deposits. Eminent Gold Corp. is in an exciting chapter of its history, with both Celts and Arthur auguring well for major new discoveries in the heart of Nevada's gold district.