Gold Explorer Finds High-Potential Structures in Nevada

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Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) has released the results of its recently completed gravity geophysical program at the Hot Springs Range Project (HSRP) in Nevada. Conducted by Tom Carpenter Geophysical Services and interpreted by veteran geophysicist Jim Wright, the program revealed five new regional-scale exploration targets, including the first geophysical confirmation of the company's Otis, Sitka, and Eden targets within the northeast-trending HSR corridor.

According to the company, the survey confirmed over 10 kilometers of cumulative strike length defined by multiple northeast-trending faults, many of which are obscured by post-mineral basalt flows and alluvial cover. Two additional targets lie outside this corridor, including a high-density anomaly interpreted as a possible magmatic intrusion and a gravity low thought to represent a post-mineral basin. Both anomalies are considered structurally significant based on their geophysical contrasts.

Dan McCoy, Chief Geologist and Director of the company, stated in the news release, "This gravity survey has uncovered regional-scale potential across HSRP that far exceeds our initial expectations. What began as three distinct targets is now part of a much larger, structurally connected system with multiple zones showing equal promise."

Previous drilling on the Otis target confirmed gold mineralization in all three core holes along a 400-meter segment of a northeast-trending fault. This structural trend is characteristic of many Carlin-type deposits, including the Turquoise Ridge deposit located approximately 15 kilometers southeast of the project.

"This is shaping up to be one of the most compelling exploration opportunities in Nevada," said Paul Sun, President and CEO of Eminent. "As we continue to advance the project, our thesis that this represents an analog to the world-class Getchell Trend is being increasingly validated."

The gravity survey consisted of 1,002 measurement stations across grid patterns ranging from 200 to 400 meters. The data were processed using a complete Bouguer anomaly correction with a selected lithological density of 2.50 g/cc. Various geophysical derivatives, including residual gravity and vertical gradients, were generated to support structural interpretations.

Gold's Crossroads: Soaring Demand Meets Supply Constraints

Gold prices continued their upward trajectory in 2025, with analysts citing a mix of macroeconomic uncertainty, constrained supply, and changing global sentiment as key drivers. In a September 16 article for RiskHedge, Chris Reilly reported that gold had risen more than 40% year-to-date, surpassing US$3,700 per ounce. If the trend holds, he noted, 2025 could become gold's strongest year since 1979. Reilly also emphasized gold's financial independence, stating that its value is not contingent on economic growth or trade dynamics. He described physical gold as a favored long-term asset because it cannot be compromised by digital or institutional vulnerabilities.

Writing on September 17 for Gold Switzerland, Matthew Piepenburg attributed gold's rising prominence to weakening trust in fiat currencies. He argued that longstanding narratives minimizing gold's role were becoming less persuasive, particularly as monetary systems face structural challenges. Piepenburg highlighted gold's reclassification as a Tier-1 asset by the Bank for International Settlements (BIS), positioning it as a preferred store of value among global institutions. He also linked shifting asset allocations to long-term fiscal policies in the United States, suggesting traditional mechanisms of capital stability are under pressure.

On September 18, Ahead of the Herd released a detailed report on structural issues facing gold supply. Despite record mine production in 2024 of 3,661.2 tonnes, total global demand reached 4,974.5 tonnes, requiring the addition of 1,370 tonnes of recycled gold to bridge the gap. The report described this as evidence of "peak gold," a term denoting the point at which mined output is no longer sufficient to meet consumption. The publication stated that even with high-grading strategies by major producers, the supply deficit remained substantial.

The same report also cited a long-term slowdown in new discoveries. According to S&P Global data, only six major gold discoveries have occurred since 2020, with the average size declining from 7.7 million ounces in the previous decade to 4.4 million ounces. Exploration budgets dropped 22% between 2023 and 2024, and greenfield projects accounted for just 19% of 2024's global exploration spending. However, junior explorers had reportedly raised more capital in early 2025 than during the entirety of the previous year.

Data from the World Gold Council confirmed that mine production in 2024 reached an all-time high, yet still fell short of meeting total demand. The Ahead of the Herd report concluded that exploration companies will be increasingly relied upon to locate new deposits capable of meeting future production requirements.

Analyst Highlights Positioning and Upside at Eminent Gold

On August 25, Julian Cruz of RiskHedge published a detailed analysis highlighting the strategic potential of Eminent Gold Corp.'s Celts Project in Nevada's Walker Lane Trend. She described the company's acquisition as a significant step in consolidating a diversified portfolio of exploration assets across the state. According to Cruz, the Celts Project benefits from geological similarities to the Silicon-Merlin system and proximity to high-grade gold discoveries, positioning Eminent for "near-term discovery and capital appreciation."

Cruz referenced historical drill results, including 1.5 meters at 4.1 grams per tonne gold from a 1987 Chevron program, and surface assays of up to 33.2 grams per tonne gold and 219 grams per tonne silver. "These results," Cruz wrote, "underscore the project's potential for bulk-mineable open-pit oxide ore."

Eminent's technical approach was also emphasized in the analysis. Cruz stated that the company had applied a proven exploration model that incorporates geophysical surveys and grid-based soil and rock sampling. The resulting data supported the presence of gold mineralization extending beyond known historical workings. She added that the June 2025 update confirming continued mineralization "further validates the project's upside."

According to Cruz, the Celts Project's location enhances its potential, as it lies within a tectonically active zone that has hosted more than 100 million ounces of gold. She pointed to the company's proximity to the Silicon-Merlin system as a favorable comparison and stated that the structural and geologic parallels suggest Celts "has the potential to rival" some of Nevada's most productive trends.

Cruz also highlighted a CA$4.2 million private placement, noting it provided both capital and technical validation for Eminent's broader exploration strategy. "Eminent offers a compelling risk-reward profile," she wrote, citing the alignment of geological promise, strategic positioning, and financial backing.

Eminent Gold Expanding the Getchell Analogue Thesis

The gravity survey is a key component of Eminent's strategy to test whether HSRP represents an extension of Nevada's Getchell Gold Trend, a prolific region with an estimated 50 million ounces in total gold endowment. The newly identified faults and anomalies support structural parallels with that trend, further reinforced by geochemical comparisons and host rock similarities.

Eminent has already drilled three holes at the Otis target, intersecting gold mineralization in each. These initial results, combined with high-resolution geophysical modeling and surface sampling up to 2.8 grams per tonne gold, suggest the presence of a significant mineralized system. Drilling is expected to resume shortly, targeting continuity along strike and depth.

In addition to HSRP, Eminent controls two other Nevada-based exploration projects. Gilbert South is a high-grade epithermal vein system set for drilling in 2026, located near historic producers such as the Aurora and Tonopah districts. Celts, located near the Silicon discovery, is modeled as a potential open-pit deposit and is slated for drilling in 2025. Recent geophysical work at Celts has confirmed the presence of key structures analogous to those hosting mineralization at Silicon.

Eminent maintains full ownership of all three projects and has secured a 9.9% strategic investment from Kinross Gold Corp., which also provides technical support. The company's 2025 field programs across HSRP, Gilbert South, and Celts position it to test multiple large-scale discovery opportunities in one of the world's most productive mining jurisdictions. 

Ownership and Share Structure

According to company filings, 10.0% of Eminent Gold Corp. is held by management and insiders. Strategic entities hold 9.9%, all of which is attributed to Kinross Gold Corp. An additional 32.0% is held by technical personnel and close associates.

The rest is retail.

Eminent Gold has a market cap of approximately US$27 million. The company has 77.87 million shares outstanding and a fully diluted share count of 103.54 million.