Eminent Gold Corp. announced the completion of the final payment on its Celts Project acquisition

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Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB) announced the completion of the final payment on its Celts Project acquisition, securing full ownership of the 560-hectare property located in Nevada's Walker Lane Trend. This payment, totaling US$325,000, was satisfied through the issuance of 1,364,752 common shares at a deemed price of CAD$0.3283 per share. The shares are subject to a statutory hold period expiring December 19, 2025.

The Celts Project sits northeast of the historic Goldfield District and within proximity to the high-profile Expanded Silicon Project, currently being advanced by AngloGold Ashanti. Eminent's technical team has identified key geological similarities between Celts and the Silicon-Merlin hydrothermal system, including host lithology, alteration style, and structural setting. According to the company, Orogen Royalties Inc.—the original identifier of Silicon—has also acknowledged these similarities, lending further geological context to the acquisition.

Recent induced polarization (IP) surveys at Celts revealed a northeast-trending structure beneath a silica-rich steam cap, interpreted as a potential conduit for mineralizing fluids. Surface sampling has returned grades as high as 33 grams per tonne gold and 158 grams per tonne silver from peripheral veins. These features are consistent with high-sulfidation epithermal systems, a class of mineral deposit formed by hydrothermal fluids in volcanic environments.

Paul Sun, CEO and President of Eminent Gold, stated in the news release, "Celts is a valuable part of our U.S. gold-focused portfolio of significant exploration opportunities, all of which host multiple targets. Our pipeline of high-impact, drill-ready opportunities is unique in both the scale each project represents and the stage defined by new concepts in areas that have not been previously considered."

The finalization of the Celts acquisition aligns with Eminent's strategy to maintain majority ownership across its Nevada exploration portfolio. Celts joins two other 100%-owned, drill-ready projects (Hot Springs Range and Gilbert South) as part of the company's pipeline. Barrick Gold's recent staking of approximately 1,743 hectares of claims contiguous to Celts further underscores the area's emerging regional significance.

Gold Holds Firm as Investors Navigate Economic Headwinds

The gold sector demonstrated ongoing strength in August, supported by investor concerns over rising global debt, persistent inflation, and volatility in the equity markets. On August 20, gold futures opened at US$3,359 per ounce, marking a 1.4% increase from the previous close. While slightly below the August 11 peak of US$3,383.90, prices remained 34.2% higher year-over-year, underscoring the metal's resilience.

On August 18, Yahoo Finance's Catherine Brock linked the rise in gold prices to softening U.S. equities. That day, the Nasdaq Composite fell 1.4% and the S&P 500 declined 0.5%, reinforcing gold's traditional role as a defensive asset. Brock also pointed to investor speculation around a potential interest rate cut by the U.S. Federal Reserve in September, noting that such expectations could provide further support for gold prices during a period of policy uncertainty.

The following day, commentator VBL wrote in GoldFix about gold's historical performance compared to fiat currencies. He noted that since 1971, paper currencies have lost more than 99% of their purchasing power against gold. "Gold, which is far more honest than policy makers, rises because paper money always dies under the weight of dishonest spending," he wrote.

Analyst Matthew Piepenburg, on August 20, echoed this perspective in a separate commentary, citing global debt exceeding US$300 trillion. "Debt destroys currencies, freedom and nations," he stated, arguing that investors should preserve wealth through tangible assets.

On August 24, Shad Marquitz of Excelsior Prosperity echoed this cautious optimism, noting that his diversified portfolio of resource equities had reached a new all-time high despite sharp midweek volatility. In his weekly update, he observed that the Gold Miners Bullish Percentage Index (BPGDM) had closed at a rare 100% reading on August 22, a level reached only twice in the past decade—prior to the peaks in gold equities in 2016 and 2020. While Marquitz emphasized that such indicators are not definitive sell signals, he stated, "It is prudent to occasionally stop mid-celebration and at least review if things are getting a bit frothy in the near-term." Despite these technical signals, Marquitz, along with guest analyst Dave Erfle of Junior Miner Junky, expressed continued confidence in the sector's longer-term fundamentals.

Celts: A Dome of Possibility

According to the company's August 2025 investor presentation, the Celts Project is underlain by a rhyolite dome system capped by a steam-heated alteration zone composed primarily of alunite, kaolinite, and silica. These alteration minerals are often associated with the uppermost zones of epithermal gold systems and suggest a strong potential for mineralization at depth. The IP survey conducted in March 2025 revealed a west-dipping, low-resistivity zone interpreted as a fault, which may serve as a mineralizing conduit beneath the steam cap. This structure is considered geologically analogous to the fault that hosts the gold-bearing zone at AngloGold Ashanti's Silicon deposit.

The project covers 67 unpatented mining claims and lies approximately 13 kilometers northeast of the Goldfield District, a historical producer of more than 4 million ounces of gold. The property's geological profile suggests potential for both high-grade gold veins and bulk-tonnage mineralization suitable for open-pit development. Historical grab samples from Celts have returned high-grade values, including 33 grams per tonne gold and 158 grams per tonne silver, which the company believes support its conceptual model.

As drilling at Celts is scheduled for 2025, it marks the third asset in Eminent's Nevada portfolio set for near-term exploration. The company now holds 100% ownership of three projects across Nevada's most active gold trends: the Getchell-analogous Hot Springs Range, the vein-focused Gilbert South, and the dome-hosted Celts project.

Ownership and Share Structure

According to Refinitiv, 9.5% of Eminent Gold Corp is held by management and insiders with Michael Kosowan at 6.36% and Paul Sun at 1.39% hold the most. Strategic entities hold 19.68%. Of them, Kinross Gold Corp has 9.9% and Milliard Geological Consulting owns 9.78%. The rest is retail.

Eminent Gold has a market cap of CA$20.89 million. The company has 54.82 million free float shares and a 52-week trading range of CA$0.21 to CA$0.52.