Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Drill Results Material +

Eminent Signs Drill Contract for 10,000m RC Drill Program at HSRP

Kinross-backed Nevada explorer shifts to high-gear RC drilling following high-grade oxide discovery at Hot Springs Range.

By The Northwire Desk — AI Analysis Mar 16, 2026 · 06:30 EMNT · 0.66 Eminent Gold Corp.
Executive Summary

The most recent news (March 16, 2026) announces the signing of a drilling contract for a 10,000-meter Reverse Circulation (RC) program at the Otis target within the Hot Springs Range Project (HSRP) in Nevada. This follows the March 3, 2026, announcement that Kinross Gold Corporation exercised warrants to increase its stake to 13.8%, providing C$2.65 million in immediate capital. The RC program is designed to follow up on the breakthrough diamond drill hole HSC005, which returned 9.2 meters at 3.2 g/t Au. The company is also utilizing "photon assaying" for faster turnaround and has confirmed the mineralization is oxide via shaker leach tests.

Material Impact

The impact is Material - Positive. While the drilling contract itself is a routine operational step, its scale (10,000m) and the context of the preceding news create a significant shift in the company's risk profile: - Validation: Kinross increasing its stake to 13.8% via warrant exercise is a massive vote of confidence in the "Carlin-style" discovery thesis. - Funding: The warrant incentive program and Kinross’s exercise have solved the immediate capital needs that were apparent in the September 2025 financials (where cash was only C$1.1M). - Technical De-risking: Confirming "oxide" mineralization is critical for Nevada projects, as it implies lower processing costs compared to refractory ore. - Scale: Moving from sporadic diamond drilling to a 10,000m RC program indicates a transition from "discovery" to "resource delineation" potential.

EMNT · Price
Company Overview

Eminent Gold is focused on four district-scale gold projects in Nevada. Its flagship is the Hot Springs Range Project (HSRP), located 15km NW of the Getchell Trend (Turquoise Ridge/Twin Creeks). The project was previously unexplored for Carlin-style mineralization until Eminent identified a 15km structural corridor. The Otis Target is the current focus, where drilling has confirmed gold in every hole to date, culminating in the high-grade HSC005 intercept.

Read the original news release →

More from Eminent Gold Corp.

Jun 30, 2026 · 06:30

Eminent Reports Airborne Geophysical Survey Results at Hot Springs Range

Drill Results Jun 15, 2026 · 06:30

Eminent Announces Mobilization for Drilling at Hot Springs Range Project, Nevada

Drill Results May 26, 2026 · 06:30

Seismic Optimization Validates Drilling Thesis as Kinross Stake Solidifies

Drill Results Mar 27, 2026 · 17:25

Eminent Gold receives $2.65-million from warrants

Financings Mar 27, 2026 · 16:00

Successful Completion of Warrant Incentive Program

Financings Mar 16, 2026 · 12:24

Eminent Gold to drill up to 10,000 m at Hot Springs

Drill Results