Eminent Gold uses cutting edge technology to rediscover the legendary Nevada gold mining landscape

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By Don Hauka

Disseminated on behalf of: Eminent Gold Corporation

• The gold mining space is undergoing a fundamental shift as new technologies open up exploration in areas hitherto untouched. The next generation of discoveries lies in under-explored regions with untapped potential.
• Eminent Gold Corp. is at the forefront of this new golden age of discovery by applying innovative geological models and advanced exploration techniques in top-tier mining jurisdictions.
• By boldly going where no one has gone before, the company is looking beyond traditional deposits with a multi-disciplinary team of experts to build a robust pipeline of projects in the fabled Great Basin of Nevada, one of the richest gold producing regions in the world.

“We're going into Nevada using fresh perspectives and new concepts using modern exploration technology and out of the box thinking to look for gold in areas that people may have not thought to go explore.” — Paul Sun, President and CEO.
Nevada is one of the world’s most productive, storied gold-producing regions on the globe. It has produced over 240 million ounces of gold since 1859, particularly from the Carlin and Cortez Trends. Of the $10 billion (U.S.) in gold production in the United States in 2024, Nevada accounted for 73 percent of it. With so much gold produced, does the Sagebrush State have any more to give?

Paul Sun’s answer to that is a declarative yes – but you have to be prepared to look where no one else has using the latest technologies to unlock the complex Nevada geological landscape, says the President and CEO of Burnaby-based Eminent Gold Corporation (EMNT.VN) (EMGDF) (FSE: 7AB).

“A lot of companies find a little resource and they try to expand on it where we’re trying to find a fresh, brand-new major discovery,” Sun says.

“We're going into Nevada using fresh perspectives and new concepts using modern exploration technology and out of the box thinking to look for gold in areas that people may have not thought to go explore.”

New technologies, new approach lead to new discoveries

Using techniques like induced polarization (IP)—which measures the electrical chargeability of subsurface materials and can identify valuable ore deposits—Eminent Gold’s team has built a pipeline of projects in uncharted and unexplored regions of Nevada. Its flagship is the Hot Springs Range Project, located in Humboldt County, about 15 kilometers northwest of the prolific 50MM oz Getchell Gold Trend. The project has produced surprising drilling results.

“Our best intercept showed up to eight grams per ton of gold. We also detected more than 2,000 parts per million of arsenic and Carlin-style systems generally have arsenic in them,” says Sun.

“We have all the pathfinder minerals there. The fact that we had a 500-meter hole and the majority of that hole had gold all the way through it was pretty exciting. It is potentially history changing.”

Strong business model and aggressive drilling program generate results

Eminent Gold has taken its business model to identify other undiscovered targets like the Gilbert South and Celts Projects. Samples from the Gilbert South Project yielded up to 30 grams of gold per ton. At the Celts Project, satellite based hyperspectral techniques and air photos were used to map a geological landscape similar to that of the nearby Silicon and Merlin Resources, which have combined indicated and inferred resources of 16.3 million ounces of gold.

The company hopes to continue to generate exciting results by employing an aggressive, year-round plan, driving ongoing progress and unlocking near-term catalysts. A key advantage is the Nevada climate, where drilling is possible year-round, unlike many other jurisdictions. Permitting is also progressing, with approvals already in place for ongoing drilling at Hot Springs Range and Gilbert South. Permits for Eminent’s newest project, Celts, are in process.

Eminent Gold performance attracts key investment by Kinross Gold Corporation

Those sorts of results and Eminent Gold’s innovative approach have attracted the attention of some of the major players in the Nevada gold fields. The company recently received a strong vote of confidence from Kinross Gold Corp., which operates two gold mines in Nevada and is consistently ranked among the world’s top gold producers. Kinross acquired a 9.9 percent stake in Eminent Gold, with options to increase that to 19.9 percent. The collaboration includes a technical committee with geologists from both companies.

“It’s definitely a nice validation and a credit to our Chief Geologist Dan McCoy and the technical team,” says Sun. “Kinross has been following us for the last couple of years and has been great to work with.”

Strong, experienced leadership team has a track record of success

Eminent Gold also has strong, experienced management and technical teams. Sun is a mining engineer with more than 20 years of experience. He has also held senior roles at investment banks including Scotia Capital, Desjardins and Beacon Securities. McCoy has more than 30 years of experience and has made two major gold discoveries: the Esaase Deposit and El Barqueño project in Mexico. Chief Financial Officer Martin Bajic has more than a decade of experience serving as a director, CFO, or consultant to numerous public companies trading on the TSX Venture Exchange or the CSE. His focus is in the resource sectors.

An industry veteran is bullish on Eminent Gold

Eminent Gold checks all the boxes for mining entrepreneur Ivan Bebek, Chairman and CEO of Coppernico Metals. He was so confident that he invested in the company himself and highlighted the significance of the Kinross investment.

“The scale and quality of the opportunities are unparalleled. They’re being explored by a proven management team led by a geologist who is two-for-two on major gold discoveries. It’s a high-scale opportunity,” — Ivan Bebek, Chairman and CEO of Coppernico Metals

“Eminent also has multiple opportunities to deliver success and that gives investors a lot of risk mitigation. And this is perfect timing for gold, where I believe we’re in a rising bull market.”

Bebek echoed Sun and McCoy, noting that this is the stage when shares in junior mining exploration companies often soar. As favorable results come in and the company positions itself for the next phase, it can offer investors the best value for their money.

Eminent Gold will continue to build value for shareholders moving forward

Sun says the company will continue its aggressive drilling program and await new results from the Hot Springs Range Project. The goal, he says, is to explore uncharted territory and continue building shareholder value.

“We are very aligned with our shareholders. About half the company is owned by insiders, directors and technical personnel. As a past banker, I always looked at the cap table to see if management is putting their money where their mouth is,” says Sun.

“We’ve done a lot with a little money. Most of the money we spend does go into the ground, so we're very efficient that way. We've been patient and building what we think is a world-class portfolio while keeping our heads down and trying to create value the best way that we can.”

ABOUT EMINENT GOLD CORP.

Eminent Gold Corp. (EMNT.VN) (EMGDF) (FSE: 7AB) 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 Project, Celts and Gilbert South. To learn more, visit their website here.

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