Eminent Commences 10,000 m Discovery Expansion Drill Program at the Hot Springs Range Project, Nevada

Eminent Gold Corp. has launched a 10,000-meter reverse circulation drill program at its 100%-owned Hot Springs Range Project in Nevada. Mobilization took place on July 17, 2026, with drilling operations beginning immediately. The initiative utilizes Alford Drilling LLC crews working continuous shifts and employs PhotonAssay™ for rapid assay turnaround.

The program targets two primary areas: the Otis target, which will see 14 RC holes drilled, and the newly defined Eden target, which will include up to 5 RC holes. This effort builds on initial diamond core results that identified a 9.2-meter interval grading 3.2 g/t Au at Otis. The company aims to expand the known oxide gold system and test structural corridors at Eden. Management describes the project as a potential new Carlin-style gold trend, situated approximately 15 km northwest of the prolific Getchell Trend.

Eminent Gold Corp. (EMNT) has begun drilling, marking the start of the exploration plan announced in March 2026. The project timeline was subsequently pushed to July due to tight rig availability in Nevada.

The release contains no new geological data, financial updates, or changes to the project's risk profile. It serves as a procedural milestone confirming management is advancing the exploration phase as planned. Given the explicit prior announcements and the routine nature of drilling commencement updates, the market impact is expected to be limited. The news is positive but fully priced in as an expected operational step rather than a material catalyst.

Eminent Gold Corp. is an exploration-stage mineral company with no revenue-generating operations. Its flagship asset is the Hot Springs Range Project (HSRP), a 4,311-hectare land package located in Humboldt County, Nevada. The company is pursuing a Carlin-style oxide gold discovery along a ~10-kilometer structural corridor parallel to the Getchell Trend.

The company’s portfolio includes three 100%-owned Nevada projects: Hot Springs Range, Gilbert South, and Celts. Management explicitly states that no mineral reserves or resources have been identified to date, noting that the company is in the early discovery phase.