Eminent Intercepts 9.2m @ 3.2 g/t Au and Appoints Dan McCoy as President and CEO
Discovery or Dilution? Eminent Hits Highest Grade to Date as Geologist Takes the Helm
On January 6, 2026, Eminent Gold announced its best drilling intercept to date at its flagship Hot Springs Range Project (HSRP) in Nevada. Hole HSC005 returned 9.2 meters at 3.2 g/t Au within a broader envelope of 31.8 meters at 1.0 g/t Au. The mineralization is confirmed as oxide Carlin-style gold, which is highly desirable for processing. Concurrently, the company appointed founding Chief Geologist Dan McCoy as President and CEO, replacing Paul Sun, who transitioned to a Director role. The company also announced plans to transition to reverse-circulation (RC) drilling in 2026 to increase exploration speed and reduce costs.
This news is materially positive as it provides the first clear evidence of potentially economic grades and widths at the Otis target. - Technical Validation: The intercept of 3.2 g/t Au over 9.2m is a significant step up from previous results (e.g., 2.4 g/t over 4m in June 2025). It validates the geological model that the Little Humboldt fault is a primary conduit for gold mineralization. - Management Shift: Moving from a capital-markets-focused CEO (Sun) to a technical, discovery-focused CEO (McCoy) suggests the company is entering a phase of rigorous exploration execution rather than just property acquisition. - Operational Efficiency: The shift to RC drilling indicates management's confidence in the target's predictability and a need to conserve cash while increasing the number of holes drilled. - Relative Scale: For a company with a ~$26M market cap, hitting multi-gram oxide gold in Nevada is a major milestone, though it remains early-stage exploration with no defined resource.
Eminent Gold Corp. is a Vancouver-based explorer focused on large-scale gold systems in Nevada. - Flagship Project: Hot Springs Range Project (HSRP). It is located 15km northwest of the Getchell Trend (home to Turquoise Ridge). The company’s thesis is that HSRP is a parallel, previously unrecognized Carlin-style gold trend. - Secondary Projects: Celts (Walker Lane trend, Silicon discovery analogue) and Gilbert South (epithermal gold). - Stage: HSRP is in the discovery phase; Celts is at the drill-ready stage.