Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) announced the completion and interpretation of a Deep Refraction Microtremor (ReMi) seismic survey across the Otis and Eden targets at its 100%-owned Hot Springs Range Project in Humboldt County, Nevada.
The company stated that the seismic survey used tighter geophone spacing than traditional oil and gas seismic surveys to provide higher-resolution imaging of geologic structures concealed beneath post-mineral cover. Eminent said the new images are being used to refine its understanding of subsurface structures associated with Carlin-type gold systems ahead of its next drill program, which is scheduled to begin in the coming weeks.
President and CEO Dan McCoy stated in the announcement, "This study represents another key building block in our targeting work at HSRP." He added that the company was completing processing of a newly acquired magnetic dataset and planned to integrate geophysical data with geochemical results and drilling information to optimize its 2026 Hot Springs Range Project drill program.
At the Otis target, the company said a calibration line was run over existing drill holes to match seismic velocities with rock types observed in drill core. The survey also imaged structural features including the Paradise Fault and supported the interpreted position of the Little Humboldt Fault. Eminent stated that a previously reported intercept of 9.2 meters grading 3.2 g/t gold, announced January 6, 2026, is interpreted to be spatially associated with the Little Humboldt Fault structure.
The company stated that the seismic results will allow it to design additional drill holes to test the Little Humboldt Fault as well as initial drilling of the Paradise, Otis and Hinkey faults and their intersections. Eminent said the planned Phase II reverse circulation drill program will focus on defining each structure with multiple intercepts along strike and at various depths.
At the Eden target, Eminent stated that six seismic lines provided high-resolution imaging of structures and stratigraphy beneath post-mineral cover. According to the company, the data identified fault zones coinciding with mapped surface traces, surface geochemistry indicative of hydrothermal sulfides at depth previously reported February 24, 2021, and gravity features reported September 22, 2025.
The company stated that the seismic information is expected to support drill targeting and planning for Phase I drilling at Eden, where it identified a 3-kilometer gold-in-soil anomaly. Eminent said drilling at Eden is expected to begin immediately following drilling at Otis.
Vice President of Exploration Justin Milliard stated in the announcement, "The seismic survey provides a much clearer view of the subsurface in areas where traditional mapping cannot reach." He added that the results at Otis support the company's geological model and identified new structures for drill testing, while the Eden survey improved understanding of fault architecture and target prioritization.
The company stated that the ReMi® seismic survey was conducted by Terēan® and provides high-resolution subsurface shear-wave velocity imaging. Eminent said the method uses ambient and active seismic noise recorded along geophone arrays to generate Rayleigh-wave dispersion curves that are inverted into 1D and 2D shear-wave velocity models.
Gold Prices, Inflation Concerns, and Hard Asset Demand Remained in Focus
USA TODAY reported on May 22 that spot gold prices stood at US$4,519.85 per ounce as of 12:05 p.m. ET. The publication stated that gold prices had risen 36.02% over the previous 12 months from US$3,322.99 per ounce one year earlier.
According to USA TODAY, gold traded within a 52-week range of US$3,261.49 to US$5,477.79 and remained 38.58% above its 52-week low. The publication stated that gold prices were influenced by "inflation expectations, central bank policy, global economic conditions and investor demand," while noting that currency strength, including the U.S. dollar, and physical and industrial demand also affected daily pricing.
According to the May 23 edition of Gold Matters hosted by Jonny Haycock, the discussion around gold and silver focused on inflation, debt markets, commodities, and global financial conditions. During the discussion, Kirrol Sakalof was quoted as saying, "We're going to have big inflation and bond yields are going to rise significantly. As a result, capital will migrate from the US$300 trillion in fixed income securities and other debt around the world into hard assets, which is the best place to preserve value."
Matt stated during the discussion that "currency debasement is a massive tailwind for secular rising gold," while adding that gold's rise reflected "the tanking trust in broke nations and their failing monetary systems." He also stated that "the bond, the stock, and the hard asset commodity markets are screaming signals of inflation."
Haycock stated that "the correlation between the prices of commodities and CPI is incredibly tight," adding that "the commodities chart has gone vertical." He further stated that commodities markets were signaling "big inflation coming."
The May 23 discussion also referenced historical market concentration and asset performance. Haycock stated that when stock market valuation metrics previously reached similar levels, "the two best assets to own for the next decade" were "gold and silver."
Nick Giambruno of The International Man wrote on May 25 that he viewed the conflict involving Iran as "a major tailwind for gold." He stated, "No matter what happens, I am confident the Iran war will be a major tailwind for gold," while discussing geopolitical tensions and financial implications for hard assets.
Nevada Exploration and Drill Planning
According to the company's investor presentation, Eminent holds a 100% interest in 521 claims totaling more than 4,311 hectares at the Hot Springs Range Project in Nevada. The presentation stated that the company completed the terms of a previous option agreement in April 2025, securing a 100% interest in the property.
The investor presentation stated that the Hot Springs Range Project is located on the Getchell Trend in Nevada and described the project as a Carlin-style system. The materials also noted that Eminent holds three 100%-owned Nevada projects, including the Hot Springs Range Project, the Celts Project, and the Gilbert South Project.
According to the investor presentation, the Celts Project consists of 110 unpatented claims totaling 1,070 hectares located 42 kilometers west of Tonopah in Nevada's Walker Lane trend. The presentation stated that an additional 200,000 common shares are to be issued when the company initiates a drill program at the project.
The investor presentation also outlined work at the Gilbert South Project, which consists of 67 unpatented mining claims covering 560 hectares located 13 kilometers northeast of Goldfield, Nevada. The presentation described Gilbert South as permitted and drill-ready and identified three target areas named Pretty Boy, Big Horn, and East Bound.
Streetwise Ownership Overview*
Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 02/10/21 | NVY | 1 | EMNT | 1 |
According to the investor presentation, historical drilling at Gilbert South targeted near-surface oxide mineralization while deeper high-grade feeder structures remain untested. The presentation stated that the property contains multiple epithermal vein corridors with strike lengths ranging from 1.5 kilometers to 2.5 kilometers and reported historical rock chip values ranging from 7.4 g/t gold to 143 g/t gold across the property.
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 13.8% and Milliard Geological Consulting owning 9.59%. The rest is retail.
Eminent Gold has 82.26 million outstanding shares, 34.59 million free float shares, and a market capitalization of CA$48.5 million. Its 52-week range is CA$0.28 to CA$0.87.
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Important Disclosures:
- Eminent Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- 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.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- 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.
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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.
