Vancouver, Canada, December 18, 2023 – Eminent Gold Corp. (TSX-V: EMNT) (OTCQB: EMGDF) (the "Company" or “Eminent”) announces it has elected to terminate an option agreement on the Spanish Moon property with Optionor, Nevada Select Royalty Inc. as well as the Barcelona Property optioned by A. Bryce Sorenson (collectively “Spanish Moon”).
After realizing recent new permitting challenges associated with Spanish Moon, the Company decided it does not wish to procced with the Spanish Moon project and associated claims. Eminent will focus its efforts on its drill ready flagship Hot Springs Range Project, a direct analogue to the 42mm oz Getchell Trend, which has world class Carlin style potential, as well as on Gilbert South, where the Company’s geophysical, geochemical, and mapping programs show the potential for bonanza style epithermal gold veins in the very prolific environment that is the Walker Lane.
Paul Sun, President and CEO of the Company commented:
"In preparation for an improving gold market, and a more focused approach we have rationalized our portfolio to two of the four projects we had options on. Hot Springs Range and Gilbert South are accessible, ready to drill, and we believe offer the best potential for major gold discoveries in Nevada for shareholders.”
Mr Sun further commented, “We are currently working towards our 2024 plans and are looking forward to resume marketing the company as we prepare to drill some of the most exciting gold exploration projects we are aware of globally in the coming months.”
CEO and Director
About Eminent Gold
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 Project and Gilbert South.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.