Core Insights - Barrick Gold has staked land adjacent to the Celts Project, emphasizing the strategic importance of the area [1] - Eminent Gold is focused on advancing the Celts Project, which is now recognized as a high-potential asset within its Nevada portfolio [2] - The company holds three 100%-owned, drill-ready projects in Nevada, with Celts being a priority target due to its geological similarities to other successful gold systems [2][3] Company Strategy - Eminent Gold aims to maintain majority ownership across its portfolio, positioning itself in a region with world-class gold systems [1] - The company is preparing to resume drilling at its flagship project, Hot Springs Range, and plans to explore multiple discovery-driven projects in Nevada [4] Project Highlights - Celts Project is characterized by geological features indicative of high-sulfidation epithermal systems, with surface samples showing up to 33 grams per tonne (g/t) gold [7] - Recent Induced Polarization surveys have identified a northeast-trending structure beneath the steam cap, suggesting potential for mineralization [7] - The company has completed a final payment under a Purchase Agreement with Orogen Royalties Inc. and Altius Resources Inc., issuing shares valued at US$325,000 [7]
Eminent Completes Final Celts Payment - Strengthens Strategic Position in Nevada
Prnewswireยท2025-08-25 11:35