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Highlights
- Eminent Gold has scheduled drill mobilization for its Hot Springs Range Project on July 6.
- The company plans to complete up to 10,000 metres of drilling across the project.
- Recent seismic survey results helped refine drill targeting at Otis and Eden.
- Hot Springs Range is one of the three wholly owned and permitted Nevada gold projects.
- EMNT shares have gained 53.23% over the past six months, as of June 15.
Gold's 2025 rally may have paused in recent months, but several of the themes that helped drive investor interest in the sector remain in focus. Central banks continue to add to their gold reserves, while concerns around record global debt levels, de-dollarization trends and geopolitical uncertainty continue to shape the broader market conversation. As exploration companies position themselves for the next phase of activity, Eminent Gold Corp. (TSX-V:EMNT) is preparing to begin a new drilling campaign at its Hot Springs Range Project in Nevada, where months of technical work and target refinement are giving way to active field exploration.
A Nevada-Focused Gold Portfolio
Nevada occupies a central role in Eminent Gold's exploration strategy. The company holds three wholly owned and permitted projects in the state, covering a combined 5,941 hectares. At the centre of the portfolio is the Hot Springs Range Project (HSRP), described as an emerging district-scale gold discovery with similarities to the Getchell Trend. The portfolio also includes the Celts Project, which shares structural and stratigraphic characteristics with the Arthur Gold Project, and the Gilbert South Project, where exploration is targeting the source of a high-grade gold vein system.
Among these assets, HSRP has become the primary focus of current exploration efforts as the company prepares for its next phase of drilling.
Drilling Set to Commence in July
Eminent Gold has announced that mobilization of a reverse circulation (RC) drill rig to HSRP is scheduled for July 6, 2026, with drilling expected to begin immediately afterward. The campaign forms part of the previously announced program of up to 10,000 metres.
According to the company, all drill pads, access roads and permits have been in place since early April. The updated start date reflects the drilling contractor's completion of an earlier commitment rather than any project-related change in plans.
The upcoming program will focus on advancing targets positioned along a 10-kilometre structural corridor that extends across the project area.
Otis Follow-Up and First Drill Test at Eden
The drilling campaign will build on previous work completed at the Otis target, where hole HSC005 intersected 9.2 metres grading 3.2 grams per tonne gold.
At the same time, the company plans to undertake the first drill testing of the Eden target, located at the opposite end of the structural corridor. Eden is defined by a three-kilometre-long gold-in-soil anomaly associated with a major geological structure identified through recent exploration work.
Planned activities include RC drilling at Otis and diamond core drilling at Eden, using RC pre-collars before transitioning to core drilling. The company also plans to use PhotonAssay™ analysis, with initial results anticipated within approximately one week of each completed hole. Individual RC holes are expected to take roughly 48 hours to complete.
Seismic Survey Refines Drill Targeting
Preparation for the upcoming campaign included the completion and interpretation of a Deep Refraction Microtremor (ReMi®) seismic survey as announced last month.
Conducted across both the Otis and Eden targets, the survey used closely spaced geophones to generate higher-resolution images of geological structures concealed beneath post-mineral cover. The resulting data helped refine the company's understanding of subsurface features associated with Carlin-type gold systems and contributed to drill site prioritization for the upcoming program.
Exploration Team Expanded Ahead of Next Phase
As preparations continued, Eminent Gold strengthened its technical team with the appointment of Justin B. Milliard, Ph.D., as Vice President of Exploration in April 2026.
With drilling scheduled to begin in early July, the focus now shifts from survey interpretation and project preparation to field execution, as Eminent Gold prepares to test both established and undrilled targets across its Nevada gold project.
EMNT Shares Up over 53%
Shares of EMNT have risen 53.23% over the past six months to C$0.48, including a 3.26% gain in the latest trading session as of June 15, 2026.
