Eminent Gold's Nevada Discovery and New CEO Spark Major Interest

VANCOUVER, BC – January 06, 2026 – Junior explorer Eminent Gold Corp. sent a jolt of excitement through the mining sector today with a dual announcement that combines a significant geological breakthrough with a strategic leadership overhaul. The company revealed its best drill intercept to date at its Hot Springs Range Project (HSRP) in Nevada, alongside the appointment of decorated geologist and mine-finder Dr. Dan McCoy as its new President and CEO.

The news, featuring a high-grade gold intercept just kilometers from one of the world's most prolific gold belts, immediately fueled speculation that Eminent may be on the cusp of defining a major new gold district. The company's shares (TSXV: EMNT) jumped nearly 15% in trading following the announcement, reflecting investor optimism in both the project's potential and its new leadership.

A Breakthrough Discovery in the Shadow of Giants

The geological headline is the result from drillhole HSC005 at the project's Otis target. The hole intercepted 9.2 meters grading an impressive 3.2 grams per tonne (g/t) gold. This intercept is part of a broader mineralized zone of 31.8 meters grading 1.0 g/t gold and is notable for being oxide-hosted, which typically suggests more favorable conditions for future processing.

What makes this result particularly compelling is its context. The Hot Springs Range Project is located just 15 kilometers northwest of Nevada’s legendary Getchell Trend, a geological corridor that hosts world-class, multi-million-ounce gold deposits like Turquoise Ridge and Twin Creeks. Eminent's results suggest that HSRP is not merely on the periphery of a known trend but may represent a completely new, parallel Carlin-type gold system in an underexplored area.

In the company's press release, newly appointed CEO Dan McCoy did not mince words about the discovery's importance. "Our fourth hole (HSC005) is a breakthrough intercept for the project due to the consistency and length of high-grade oxide gold mineralization," he stated. "This Carlin-type intercept rates as one of the most important in recent years. Unlike many programs chasing deep, refractory mineralization at the edges of known trends, HSRP represents a completely new gold trend in an underexplored range, right next door and parallel to the prolific Getchell Trend."

All four deep core holes completed at the Otis target have now hit significant gold, validating the company's geological model. The mineralization is associated with the Little Humboldt fault corridor, where intense hydrothermal activity has altered the host volcanic and limestone rocks, creating ideal conditions for gold deposition.

The 'Midas Touch' Returns to the Helm

Adding significant weight to the discovery is the simultaneous appointment of Dr. Dan McCoy. A highly respected Nevada-based geologist with over 40 years of experience, Dr. McCoy's track record is a highlight reel of value creation in the junior mining space. He previously served as President and CEO of Keegan Resources, where he led the team that discovered and advanced the approximately 5-million-ounce Esaase gold deposit in Ghana, which is now a producing mine. Following that success, he served as Chief Geologist for Cayden Resources, a company that was acquired by major producer Agnico Eagle for $205 million in 2014 based on the strength of its Mexican projects.

Dr. McCoy, who was a founding Chief Geologist and Director for Eminent, is now dedicating his full focus to the company. His transition to the CEO role is seen by market watchers as a clear signal that the company is shifting from early-stage conceptual work to an aggressive discovery and delineation phase. His expertise in advancing projects from initial drill hits to major deposits provides Eminent with a level of leadership credibility that is rare for a junior explorer.

The transition appears seamless, with former President and CEO Paul Sun moving to a director role. Dr. McCoy praised his predecessor's work, stating, "Paul's execution in acquiring and positioning our Nevada portfolio has been instrumental in bringing us to this exciting discovery phase at Hot Springs Range. I look forward to continuing to work with Paul as an existing director."

Investor Confidence and Strategic Vision

While the immediate stock surge reflects excitement over today's news, a deeper look reveals that institutional confidence in Eminent's strategy has been building for some time. In 2025, major gold producer Kinross Gold made a significant strategic investment, acquiring a 9.9% equity stake in the company. Such an investment from a senior producer is a powerful third-party validation of a junior's assets and technical team, suggesting that the potential at Hot Springs Range and Eminent's other projects was recognized well before this latest high-grade intercept.

This backing provides crucial context for investors navigating the high-risk, high-reward world of mineral exploration. While junior companies are inherently speculative, with no revenue and significant cash burn, a combination of compelling geology, proven leadership, and the endorsement of a major industry player sets Eminent Gold apart from many of its peers.

Unlocking a District-Scale Opportunity

While the intercept from HSC005 is the catalyst, Eminent's vision extends far beyond a single drill pad. The company controls a commanding land package of nearly 4,000 hectares at HSRP, covering a structural corridor that stretches for over 10 kilometers. The Otis target is just the first of several high-priority areas to be tested.

Untested geophysical and geochemical anomalies at targets named Eden and Sitka, as well as areas north of Otis, present substantial upside. The company has successfully used geophysics to confirm that the fault structures controlling mineralization at Otis continue along this 10-kilometer trend, suggesting the potential for a series of interconnected deposits.

With its geological model now validated, Eminent plans to accelerate its exploration efforts in 2026. The company intends to transition from slower, more expensive core drilling to faster and more cost-effective reverse-circulation (RC) drilling. This strategic shift will allow for a much more aggressive drill campaign designed to rapidly test the open targets at Otis and make initial discovery holes at the other high-priority zones across the property.

The company's focus on Nevada's vast mineral wealth is further demonstrated by its other district-scale projects, Gilbert South and Celts, located in the Walker Lane Trend. The Celts project, in particular, is considered a direct analogue to AngloGold Ashanti's nearby 4.2-million-ounce Silicon discovery, highlighting the company's strategy of acquiring and exploring assets with the potential for world-class scale. With a proven leader now at the helm and cash in the treasury, Eminent Gold is poised for a pivotal year of aggressive exploration aimed at turning the promise of a new Nevada gold district into a tangible reality.