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Eminent Gold Corp
Symbol EMNT
Shares Issued 78,022,194
Close 2026-01-06 C$ 0.435
Market Cap C$ 33,939,654
Recent Sedar Documents

Eminent drills 9.2 m of 3.2 g/t Au at Hot Springs Range

2026-01-06 17:12 ET - News Release

Dr. Dan McCoy reports

EMINENT INTERCEPTS 9.2M @ 3.2 G/T AU AND APPOINTS DAN MCCOY AS PRESIDENT AND CEO

Eminent Gold Corp. has released the assay results of drill hole HSC005 from its Otis target at its 100-per-cent-owned Hot Springs Range project located just approximately 15 kilometres northwest of the prolific Getchell trend in Humboldt county, Nevada. All four deep core holes completed to date at Otis have intersected significant oxide Carlin-style gold mineralization. Hole HSC005 returned the best intercept yet: 9.2 metres of 3.2 grams per tonne gold.

The latest intercept suggests that HSRP is an emerging Carlin-type gold trend parallel to the nearby Getchell trend -- a region known for hosting multiple high-grade Carlin-style gold deposits, including Turquoise Ridge and Twin Creeks in Nevada. To date, Eminent has only tested the Otis target. When the untested geophysical and geochemical anomalies at Eden, Sitka and to the north of Otis are included, the scale of potential mineralization is comparable in strike length and orientation with the Getchell trend.

The company is also pleased to announce the appointment of Dan McCoy, PhD, as president and chief executive officer, effective immediately. Dr. McCoy, a Nevada-based geologist with over 40 years of experience, previously served as president and chief executive officer of Keegan Resources, where he led the team that discovered and advanced the approximately five-million-ounce Esaase gold deposit in Ghana (now a producing gold mine in Galiano Gold), and, subsequently, Dr. McCoy was the chief geologist for Cayden Resources, which sold for $205-million in 2014 to Agnico Eagle. Dr. McCoy has most recently served as Eminent's founding chief geologist and director, and Eminent Gold is his 100-per-cent focus. The company would like to thank president and chief executive officer Paul Sun, who steps down due to time constraints, for all his valuable contributions to date as he transitions to a director role, remaining actively involved with the board.

Dr. McCoy stated: "Our fourth hole (HSC005) is a breakthrough intercept for the project due to the consistency and length of high-grade oxide gold mineralization. This Carlin-type intercept rates as one of the most important in recent years. Unlike many programs chasing deep, refractory mineralization at the edges of known trends, HSRP represents a completely new gold trend in an underexplored range, right next door and parallel to the prolific Getchell trend."

Dr. McCoy further commented: "I would like to thank Paul Sun for his contributions and dedication in guiding Eminent through its early stages. Paul's execution in acquiring and positioning our Nevada portfolio has been instrumental in bringing us to this exciting discovery phase at Hot Springs Range. I look forward to continuing to work with Paul as an existing director while advancing all three district-scale exploration projects in 2026."

Geological interpretation

Hole HSC005 is the first to penetrate the northwest-trending Little Humboldt fault and encountered thicker and more intense hydrothermal alteration than the previous three holes. All gold mineralization intersected to date is hosted within the Mississippian Home Ranch terrane, consisting of volcanic rocks with highly varying textures interspersed with lesser limestone. Some of the best host rocks are volcanic breccias with angular clasts.

Alteration occurred in two main stages. The first accompanied intense ductile deformation, which pervasively folded and thrusted the rocks, mobilizing calcite from limestones into abundant veins within the volcanics. The second, brittle event -- associated with gold mineralization and hydrothermal activity -- produced secondary brecciation and extensive decalcification. Calcite veins and volcanic rocks were replaced by pervasive silica, illite and iron oxides that destroy the original rock fabric. Although quartz veins are present, the highest grades appear related to intense silicification and illite replacement.

The reported intercept is relatively uniform, with assays ranging from 1.0 gram per tonne to a high of 5.4 g/t Au. In the footwall of the Little Humboldt fault, alteration extends downward into deeper, hornfelsed andesite breccia. Penetrating dense, recrystallized hornfels with significant alteration are a strong indicator of a robust, high-energy hydrothermal fluid system -- suggesting proximity to the underlying heat and fluid source.

To date, all four completed core holes at HSRP have intersected oxide-hosted gold mineralization, further derisking the 10-kilometre structural corridor. Drilling is continuing on the company's fifth hole from pad 5 to obtain the first true perpendicular section across the Otis fault. With the geological model validated, the company plans to transition to faster, lower-cost reverse circulation drilling in 2026 to aggressively test the open targets at the Otis prospect, as well as at the remaining four high-priority targets.

Quality assurance/quality control

All samples were assayed by Paragon Geochemical in Reno, Nev., using fire assay with AAS finish. Eminent maintains a rigorous QA/QC program including the insertion of its own blanks, standards and duplicates to independently monitor laboratory precision and quality in its geochemical analyses.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Dufresne, PGeo, an independent consultant, who is a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Cautionary statement

References to nearby districts such as the Getchell trend are for geological context only and should not be construed as indicating mineralization on Eminent's properties.

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, Gilbert South and Celts.

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