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

Executive Summary

• Eminent Gold Corp. reported significant drill results from hole HSC005 at its Otis target on the Hot Springs Range project in Nevada, intersecting 9.2 meters of 3.2 g/t gold.
• The company appointed Dr. Dan McCoy as President and CEO, effective immediately, succeeding Paul Sun who steps down to a director role.
• The results highlight an emerging Carlin-type gold trend parallel to the prolific Getchell trend, with plans to transition to reverse circulation drilling in 2026 to test open targets.

Key Details

• Drilling Results (Hole HSC005):
  • Intercept: 9.2 metres at 3.2 grams per tonne gold (g/t Au).
  • This is the best intercept to date from the four deep core holes completed at the Otis target.
  • All four holes have intersected significant oxide Carlin-style gold mineralization.
• Management Changes:
  • Appointed: Dr. Dan McCoy, PhD, as President and Chief Executive Officer.
  • Background: Dr. McCoy is a Nevada-based geologist with over 40 years of experience. He previously led the discovery of the Esaase gold deposit in Ghana (Keegan Resources) and served as chief geologist for Cayden Resources (sold to Agnico Eagle for $205 million in 2014). He was Eminent's founding chief geologist and director.
  • Outgoing: Paul Sun steps down as CEO due to time constraints and transitions to a director role, remaining actively involved with the board.
• Geological Context:
  • The Hot Springs Range project is located approximately 15 km northwest of the Getchell trend in Humboldt County, Nevada.
  • The intercept suggests an emerging Carlin-type gold trend parallel to the Getchell trend, which hosts deposits like Turquoise Ridge and Twin Creeks.
  • Untested anomalies at Eden, Sitka, and north of Otis suggest potential mineralization comparable in strike length and orientation to the Getchell trend.
• Technical Details:
  • Hole HSC005 penetrated the northwest-trending Little Humboldt fault, encountering thicker and more intense hydrothermal alteration than previous holes.
  • Mineralization is hosted within the Mississippian Home Ranch terrane (volcanic rocks and limestone).
  • Alteration stages included ductile deformation followed by brittle events associated with gold mineralization, producing secondary brecciation and decalcification.
  • Highest grades are related to intense silicification and illite replacement.
  • Assay range in the intercept: 1.0 g/t to 5.4 g/t Au.
• Future Plans:
  • Drilling is continuing on the fifth hole from pad 5 to obtain a perpendicular section across the Otis fault.
  • The company plans to transition to faster, lower-cost reverse circulation (RC) drilling in 2026.
  • RC drilling will aggressively test open targets at the Otis prospect and four other high-priority targets.
• Quality Assurance:
  • Samples assayed by Paragon Geochemical in Reno, Nev., using fire assay with AAS finish.
  • Rigorous QA/QC program including blanks, standards, and duplicates.

Notable Quotes

• Dr. Dan McCoy, President and CEO: "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. Dan McCoy, President and CEO: "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."