Vancouver, Canada, November 14, 2023 – Eminent Gold Corp. (TSX-V: EMNT) (OTCQB: EMGDF) (the "Company" or “Eminent”) announces it has elected to terminate an option agreement on the Weepah property with Optionor, Nevada Select Royalty Inc.
After review of the potential upside and cost associated with Weepah, the Company decided it no longer fits within the company’s portfolio objectives. The Company plans to remain focused on its flagship asset, Hot Springs Range Project (HSRP) which we believe has world class Carlin style deposit potential as it represents a direct analogue to the well-known 42mm oz Getchell Trend only 15 km away. The recently purchased Gilbert South Property is located in the prolific Walker Lane Trend and borders Hecla’s Monte Cristo property. The bonanza grade gold on surface as well as sub surface targets revealed by geophysics at Gilbert South, suggests the potential for a bonanza style epithermal deposit.
Paul Sun, President and CEO of the Company commented:
"With gold sampled on structure complemented by large geophysical targets, our Hot Springs Range Project has the opportunity for significant scale as the property parallels one of Nevada’s most prolific trends.
The company is preparing for inaugural drill programs on its drill ready permitted Hot Springs Range and Gilbert South properties, and is remaining fiscally disciplined with its spending.”
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, Gilbert South, and Spanish Moon District.
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.