New Gold Zone Secured in Nevada as Drilling Zeroes In on Carlin-Style System

1. Eminent Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eminent Gold.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) announced that it has expanded its Hot Springs Range Project (HSRP) in Humboldt County, Nevada, through the staking of 370 additional hectares. The new claims extend the Eden Corridor, a structural zone interpreted to host Carlin-type oxide gold mineralization. This follows the company's January 6 announcement of a drill intercept at Otis of 9.2 meters grading 3.2 grams per tonne gold.

The addition brings Eminent's total land package at HSRP to 4,311 hectares. According to the company, gravity survey results indicate a more extensive and continuous fault system in the Eden Corridor than previously recognized. These fault structures mirror those found at the nearby Getchell Trend, which hosts well-known Carlin-type gold deposits such as Turquoise Ridge and Twin Creeks.

The Eden Corridor is defined by a 3-kilometer gold-in-soil anomaly, supported by Controlled Source Audio-frequency Magnetotellurics (CSAMT) geophysical surveys and structural mapping. These datasets outline the intersection of deep crustal feeder faults and thrust faults, geological features that are associated with major deposits in the region.

Eminent Gold's President and CEO, Dan McCoy, stated in the press release, "As we advance this new oxide Carlin-style discovery within our HSRP property, we have acquired key claims based on the geological data and prospectivity collected to date. The Eden area has long been a high-priority focus, and this move ensures we control the key ground in this promising new trend in Nevada."

The company moved quickly to secure the claims following confirmation of the structural corridor's scale through gravity inversion data. Eminent holds 100% ownership of the Hot Springs Range Project and is currently drilling within the Otis zone.

Macroeconomic Strain and Safe-Haven Demand Boost Gold's Appeal

According to a January 12, 2026, article from Bloomberg, the gold market continued to see a rise in bullish sentiment, driven in part by renewed concerns about the independence of the U.S. Federal Reserve following a round of subpoenas. The article noted that Citigroup raised its near-term gold price target to US$5,000 per ounce, up from a previous forecast of US$4,200, citing "familiar bullish drivers, including renewed uncertainty over the Federal Reserve's independence." The report added that "the crisis at the US central bank is a gift for precious-metals bulls" as it reinforces the outlook for a weaker US dollar and contributes to rising demand for gold as a safe haven. Bullion-backed ETFs reportedly saw solid inflows as the metal touched a record high.

The International Man also addressed developments in the gold market on January 12, examining concerns about the growing reliance on non-physical forms of gold ownership, such as Exchange-Traded Funds (ETFs). Jeff Thomas wrote, "With buying gold through ETFs… the buyer is under the impression that he has bought the actual product, when he has not." He argued that many ETFs do not hold physical gold and instead operate on a "promise of future ownership," which could present significant risk in the event of a mass demand for delivery. The article emphasized that "paper gold… is very risky," and stated that "the ownership of physical gold is certainly better, in spite of the storage problem." It concluded that for many investors seeking long-term financial protection, "putting a portion of your money into physical gold" might be the safer option.

A January 12 report from Couloir Capital highlighted recent gains in gold prices, which rose 4.2% during the previous week and added another 2.0% the following Monday. The increase was attributed to "escalating geopolitical tensions" as well as "sustained central bank buying," both of which supported gold's role as a defensive asset. The report listed U.S. activity in Venezuela, Iran, and Greenland-related rhetoric as drivers of heightened safe-haven demand. This environment was seen to offer structural support for gold prices as investors continued to seek stability.

An Emerging District in a Proven Gold Belt

Eminent Gold's Hot Springs Range Project is developing as a multi-target corridor that the company describes as geologically analogous to the Getchell Trend. According to its December 2025 investor presentation, HSRP lies along a set of northeast and northwest-trending faults similar to those hosting high-grade Carlin-style deposits nearby.

The latest gravity data outlined five new target areas within HSRP, increasing the project's prospective strike to over 10 kilometers. The newly staked claims expand the Eden Corridor, where mineralization at surface and depth has already been identified through drilling and CSAMT interpretation. Drilling is currently underway in this zone, targeting thrust-controlled structures believed to trap gold mineralization.  

This strategic expansion follows previous land acquisitions and positions Eminent with 100% control over the Eden trend. The company continues to evaluate and drill test targets within HSRP and anticipates additional drill core results in the near term.

Eminent is also advancing its other Nevada-based projects (Gilbert South and Celts), which provide additional exposure across its broader Nevada portfolio. The company has highlighted the structural parallels between its targets and existing high-grade systems in Nevada, citing technical similarities and comparable geological features across its portfolio.

Ownership and Share Structure¹

8.76% of Eminent Gold is held by management and insiders. Of them, Michael Kosowan holds the most with 6.5%. Strategic Entities hold 19.3% with Kinross Gold holding 9.71% and Milliard Geological Consulting owning 9.59%. The rest is retail. 

Eminent Gold has 78.02 million outstanding shares, 56.13 million free float shares, and a market capitalization of CA$30.81 million. Its 52-week range is CA$0.28 to CA$0.52.