Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB) has mobilized for the next phase of diamond core drilling at the Otis target within its 100%-owned Hot Springs Range Project (HSRP) in Nevada. The company has engaged True North Drilling, a Nevada-based contractor with experience in Great Basin mineral systems, to carry out the program.
This next stage of drilling follows a completed project-wide gravity survey, which is currently under interpretation. Eminent expects to announce the final drill targets and official commencement shortly, pending the results of this analysis.
The Otis target is one of three high-priority areas within HSRP, alongside Eden and Sitka. The project is located across a basin from Nevada's Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) Trend, a prolific gold-producing district with a legacy of high-grade deposits. While not directly adjacent, HSRP shares regional structural similarities with this trend. According to the company, the maiden drill program confirmed a new gold-bearing system in previously untested terrain. Highlights included intercepts such as 0.5 meters of 8 grams per tonne (g/t) gold within a broader zone of 3.9 meters grading 2.4 g/t gold and 0.9 meters of 4.4 g/t gold within a 4.6-meter interval grading 1.4 g/t gold.
The company's technical team believes the northeast structure at Otis may represent a feeder system, potentially consistent with Carlin-type mineralization models. In total, three core holes have been drilled to date, all intersecting gold mineralization and confirming structural continuity over approximately 150 meters of strike length. These intercepts remain open along strike and at depth.
Paul Sun, President and CEO, stated in the news release: "This next phase of drilling is a critical step toward advancing the Otis discovery, where we believe the northeast structure may be the source of mineralization intercepted earlier, potentially indicative of a Carlin-style deposit."
Gold Holds Ground as Market Uncertainty Grows
The gold sector remained resilient through August and into early September, as investors continued to navigate a complex economic environment marked by rising debt, inflationary pressure, and volatility in global equity markets. In an August 27 report from Stockhead, Phoebe Shields noted that the ASX 200 posted a 0.28% gain, supported by a 2.48% rise in the ASX All Ordinaries Gold Index and a 1.42% increase in the broader materials sector. Shields attributed part of this performance to gold's ability to hold above the US$3,300 level, providing stability amid concerns around U.S. monetary policy and broader geopolitical risks.
In a September 3 Market Rundown video, commentator Vince Lansing emphasized a longer-term bullish outlook for gold, despite what he described as near-term trading noise. "You don't want to trade this. You just want to be long it now," Lansing said, while reviewing shorter-term chart patterns. He acknowledged the potential for market fluctuations but described the setup as favorable, stating, "This is week one... it's starting to look like it." Lansing also pointed to high open interest at the 3,500 strike level and referenced an exotic knock-in option that activates based on the London PM fix, suggesting that near-term consolidation could be influenced by structured derivatives activity.
On the same day, Stockhead's Eddy Sunarto reported that gold had reached a new high above US$3,530 per ounce. The metal's continued climb contrasted with weakness in broader equity markets, as the ASX 200 declined 0.8% by midday with losses across all 11 sectors. Technology stocks led the downturn, in line with rising U.S. bond yields. Sunarto highlighted that some global central banks are now favoring gold over U.S. Treasuries, a trend not seen since the 1990s, which he described as "a vote of no confidence in Uncle Sam."
Strategic Drilling and Veteran Leadership Highlighted in Analyst Coverage
On August 25, The Gold Standard publication spotlighted Eminent Gold Corp.'s approach to aligning exploration activity with favorable commodity pricing, noting the company's strategy of maintaining 100% ownership across a pipeline of gold projects in Nevada. The report emphasized Eminent's experienced management team, referencing a "proven track record of delivering shareholder value through major discoveries and successful exits." Chief Geologist Daniel McCoy's previous work at the Esaase (5 million ounces) and El Barqueno projects—both later acquired by major producers—was cited as a key credential.
The Hot Springs Range Project was described as a potential flagship asset. Drilling is currently underway at the Otis target, where the company is testing a structural model informed by regional geophysics and soil geochemistry. In a January 2025 update, CEO Paul Sun noted that "we did not cross the main structure, which will be drilled in our next hole, [but] we did intersect key faults feeding off the structure and observed great alteration and the presence of fluids in the rock." The company's exploration thesis aims to replicate mineralization patterns consistent with the nearby Getchell Trend, which hosts approximately 50 million ounces of gold.
The Gilbert South Project also received attention in the report for its high-grade vein potential. Surface sampling has returned results as high as 30.7 grams per tonne gold. Analysts noted that visible gold, combined with historic mining infrastructure and underexplored vein feeder systems, supports the case for Gilbert South as another valuable project in Eminent's portfolio.
Mapping the Faults, Advancing the Thesis
Eminent's current exploration is focused on validating a geologic model that draws parallels between HSRP and the approximately 50 million ounce gold endowment of the Getchell Trend. Geophysical and geochemical data have shown analogous characteristics, including pathfinder elements like arsenic and antimony, as well as similar thrust fault structures that may act as conduits for gold-bearing fluids. The gravity and conductivity anomalies identified at depth further support the company's conceptual framework, which posits that near-vertical feeder structures intersecting shallow thrust faults could host significant mineralization.
The company maintains a portfolio of Nevada-based projects, including HSRP, Celts, and Gilbert South. At HSRP, Otis remains the current drill focus, with Eden and Sitka designated as follow-up targets. The Otis target itself lies beneath post-mineral basalt and sediments, which may have masked the system during previous exploration cycles.
According to the company's September 2025 investor presentation, soil and rock geochemistry, combined with controlled-source audio-magnetotellurics (CSAMT) data, indicate a robust conductivity anomaly coincident with interpreted fault structures. This geological setting has been interpreted as favorable for Carlin-style gold systems, known for their deep-rooted mineralizing structures and disseminated gold in sedimentary rocks.
Eminent Gold Corp. controls 100% of HSRP, which spans 419 federal lode claims across more than 3,500 hectares. The company continues to focus on structurally complex zones that share geological traits with some of Nevada's most significant deposits.
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% holding 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.
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- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eminent Gold Corp
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