#Canada #Vancouver #Hot Springs #Eminent Gold #Dan McCoy

Eminent Gold Reports Significant Gold Intercept and Leadership Change

Eminent Gold Corp., a notable player in gold exploration, recently made headlines with its promising assay results from the Hot Springs Range Project (HSRP) in Nevada. The company reported a remarkable drill intercept of 9.2 meters at a grade of 3.2 grams per tonne (g/t) gold from drillhole HSC005. This substantial finding cements the project’s potential as a burgeoning Carlin-type gold trend, comparable to the renowned Getchell Trend, which is situated approximately 15 km to the southeast.

Hot Springs Range Project: A New Frontier for Gold Mining

The Hot Springs Range Project is wholly owned by Eminent and has shown consistent signs of significant oxide Carlin-style gold deposits across all four deep core holes that have been drilled so far. HSC005 stood out not only for its gold yield but also for the geological context in which it was situated, namely in the Little Humboldt fault zone, which is known for hosting such high-grade mineralization.

Dr. Dan McCoy, the recently appointed President and CEO of Eminent, emphasized the importance of HSC005 in the context of gold exploration in Nevada. He stated, "This Carlin-type intercept is one of the most significant findings in recent years," highlighting the exploration strategy that focuses on discovering fresh trends rather than just extending known mining areas.

Leadership Change: Welcome to Dan McCoy

In conjunction with the exciting assay results, Eminent has appointed Dr. Dan McCoy as its new CEO effective immediately. McCoy brings over four decades of experience in geology, having previously served as President and CEO of Keegan Resources, where he was instrumental in the discovery and development of a significant gold reserve in Ghana. His expertise will undoubtedly guide Eminent through this new era of exploration.

Dr. McCoy succeeds Paul Sun, who has stepped down due to time constraints but will remain involved in the company as a director. In expressing his gratitude towards Sun, McCoy acknowledged the groundwork laid by Sun in acquiring and establishing the Nevada portfolio, positioning the company for its latest discoveries.

Analysis of Drill Results

The assay results from HSC005 indicated an average gold grade that reached up to 5.4 g/t in localized areas of mineralization. The geological interpretations indicate a robust hydrothermal system that has significantly altered the host volcanic rocks, enhancing their mineral content. The consistency of high-grade oxide gold throughout the intersected zone bodes well for future drilling campaigns.

Importantly, Eminent plans to accelerate its drilling endeavors in 2026, transitioning to a more cost-effective reverse-circulation method to explore additional targets within the project. The untested geophysical and geochemical anomalies present at other sites within the region add to the overall optimism surrounding the project’s vast potential.

Future Prospects

With four successful core holes completed, the confidence in the Hot Springs Range Project continues to grow. The focus now shifts to the fifth core hole and beyond, as the company aims to capitalize on the significant findings. The strategic plan includes exploring other high-priority targets, thus broadening its discovery portfolio and potentially unlocking new mineral deposits. As the gold market remains a focal point for investors and companies alike, Eminent Gold Corp.’s recent advancements position it as a key player in the race for gold exploration.

In conclusion, the intersection of strong assay results and strategic leadership change heralds a new and promising chapter for Eminent Gold Corp. Stakeholders are eager to watch how the company exploits this potential in the dynamic gold mining landscape of Nevada.