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  /  Investment Thesis   /  THE GOLD STANDARD – EMINENT GOLD CORP (TSXV: EMNT) (OTC: EMGDF)

THE GOLD STANDARD – EMINENT GOLD CORP (TSXV: EMNT) (OTC: EMGDF)

Disseminated on behalf of Eminent Gold Corp

THE GOLD STANDARD

EMINENT GOLD CORP – TSX.V: EMNT | OTCQB: EMGDF

This communication is not an offer to buy or sell securities nor is it to be construed as personal investment advice. Nothing contained in this communication should be relied upon as a promise or representation as to future performance.

Amid global economic uncertainty, gold remains a cornerstone of wealth preservation and financial stability; its value fueled by escalating geopolitical tensions, inflationary pressures, and the persistent demand for safe-haven assets.

With gold prices hovering near historic highs, the appetite for physical gold and strategic reserves has intensified. Driven by central banks, institutional investors, and private wealth managers, this global demand underscores the enduring appeal of gold as a hedge against economic volatility and a secure store of value.

These dynamics also present a unique opportunity for investors looking for high-quality junior miners that have yet to see this value reflected in their share price.…and this is where Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) comes in (but not for the reasons you might think).

Although, it is impressive that Eminent Gold has been able to build a portfolio of multiple large-scale gold discovery opportunities within Nevada, one of the most attractive mining jurisdictions in the world1.

What’s even more impressive is their teams track record.

Not only has the team achieved multiple gold discoveries globally – which is no small feat – they have also demonstrated exceptional patience in their exploration strategy, carefully timing their drilling activities to align with ideal market conditions.

The prevailing economic landscape has also presented a prime opportunity for consolidation with other companies looking to solidify their future supply of this precious resource.

Should Eminent Gold be successful with any of their upcoming drilling campaigns I would expect senior gold mining companies to start watching them closely.

With all projects slated for drilling in 2025, here are 3 key reasons I have decided to add this name to my long-term investment watchlist:

      1. Untapped Potential: With all projects located within Nevada’s prolific Great Basin, already hosting some of the largest and most productive gold mines globally, Eminent intends to employ modern exploration methods to target unexplored yet highly prospective areas, all of which are strategically located near historic production sites.
      2. Carefully Timed Drilling Activities: Strategic drilling campaigns aligned with high market gold prices to maximize potential returns should Eminent be successful in identifying deposits that could further enhance the value of its resource portfolio.
      3. Proven Track Record Monetizing Exploration Success: Leadership comprised of seasoned professionals with extensive expertise in gold exploration, asset monetization, and capital markets, with a proven track record of delivering shareholder value through major discoveries and successful exits.  

Spartan’s Technical Analysis

EMINENT GOLD CORP – OTCQB: EMGDFTSX.V: EMNT

  • Spartan’s Idea: Long Speculation $EMGDF $0.23 – $0.30 (Starter Position)
  • Spartan’s 1st Target Area: $0.45
  • Spartan’s 2nd Target Area: $0.56
  • Spartan’s 3rd Target Area: $0.68
  • Spartan’s Stop Loss: $0.18
  • Spartan’s Idea Timeframe: 3-6 Months

Share Structure Overview:

  • Float: ~47.2M
  • Shares Outstanding: ~59M
  • Options: ~5.15M
  • Warrants: ~16.3M
  • Fully Diluted: ~80.8M
  • Insider Ownership: 13%
  • Strategic Investors & Management Ownership: 53%
  • Free Float: 47%
  • Market Cap: $16.19M (C$23.13M) – as of January 15, 2025

Watching $EMGDF and $EMNT – downtrend break with room to the upside if we can break and hold above the $0.46 level.

INVESTMENT THESIS

Company Overview

Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada, one of the world’s premier mining jurisdictions.

The Great Basin, where the company’s projects are located, is of immense geological significance hosting some of the largest and most productive gold mines globally. This region alone has produced over 270 million ounces of gold and accounts for a substantial proportion of U.S. gold output2.

The basin’s unique geological characteristics, such as extensive fault systems and widespread hydrothermal activity, make it a hotspot for large-scale gold deposits.

With a focus on identifying untapped opportunities in the prolific Great Basin, the company’s portfolio includes three flagship projects:

      1. Hot Springs Range,
      2. Gilbert South,
      3. and the newly acquired Celts project.
Each of these assets has the potential to deliver major gold discoveries through a combination of advanced exploration techniques, proximity to ideal infrastructure, and a highly experienced management team.
 
Eminent Gold is poised to capitalize on Nevada’s abundant mineral wealth and favorable regulatory environment, presenting a compelling investment opportunity in a sector that has seen a resurgence in M&A activity.

O3 Mining for example, was recently acquired by Agnico Eagle in December 2024 for $1.67 per share, representing a 58% premium and underscoring a strong commercial interest in high-quality exploration assets.

Hot Spring Range Project – The New Crown Jewel of Nevada

Situated in northern Humboldt County, Eminent Gold’s Hot Spring Range Project (HSRP) lies 15 kilometers northwest of Nevada Gold Mines’ Turquoise Ridge Deposit, a joint venture between Barrick (61.5%) and Newmont (38.5%), the largest gold complex in the world producing over 7.4 million ounces of gold worth an estimated ~$18B!

Comprised of 419 federal lode claims and 3,500 hectares on BLM land, Eminent Gold’s objective is to replicate and extend the ~50 Moz Getchell Gold Trend by finding their own multi million-ounce deposits through their HSRP project.

There are three priority targets within HSRP – Otis, Sitka and Eden – all with excellent road and water access.

With comparable gold and pathfinder elements to the Getchell trend and Carlin systems, Eminent’s team has hypothesized that similar thrust faults are acting as traps for gold rich fluids up from deep feeder faults.

Prospective fault geometry at depth as well as soil (ppb) and rock chip (g/t) assay results support the structural model of near vertical feeder structures intersecting a shallowly dipping thrust fault.

In other words, the geophysics and geochemistry suggest a potential significant gold-bearing system at depth.

Having sat on the claims for over 3 years, and now with gold commodity prices trading near all-time highs, Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) began drilling the HSRP Otis target in late 2024.

Although assay results from the first hole are pending and expected in January 2025, Paul Sun, President and CEO of Eminent has commented:

…we did not cross the main structure, which will be drilled in our next hole, we did intersect key faults feeding off the structure and observed great alteration and the presence of fluids in the rock.”

Even though only drilled to a depth of 500 meters, should the Otis target assay results begin to confirm that the HSRP is an extension of the Getchell fault, it will likely begin to attract significant market attention, and increased value appreciation for early investors.

Companies like New Found Gold (TSX.V: NFG) and Liberty Gold (TSX: LGD), which also operate in high-grade gold jurisdictions, have seen significant valuation uplifts due to exploration success. These companies trade at market caps as high as $500+ million, underscoring the upside potential for Eminent Gold as it advances, and de-risks its projects.

If there’s Gold on the Surface..

The Hot Spring Range Project isn’t Eminent’s only focus in 2025. The Gilbert South Project also offers a unique opportunity to tap into high-grade feeder systems.

Located in the Walker Lane Trend which has an estimated total mineral resource of 80 Moz Au, 700 Moz Ag2, historical mining at Gilbert South never explored for the main feeder structure.

With multiple samples taken from shallow intercepts indicating up to 30.7 g/t Au, Eminent’s exploration strategy involves targeting deeper zones where higher-grade deposits are likely concentrated.

A low sulphidation epithermal system, rock textures also suggest the system has eroded, bringing the main feeder structure closer to the surface.

Extensive Visible Gold Found in Historic Dumps - Gilbert South - Eminent Gold
Extensive visible gold found in historic dumps (Gilbert South)

With three prospective drill targets, Pretty Boy, Big Horn and East Bound, there appears to be an abundance of high-grade gold vein sets (superficial veins potentially part of one large epithermal system).

A brief overview of each target is as follows:

Pretty Boy

        • Vein network linked over 2.5 km strike
        • Abundant visible gold in banded veins
        • Rock samples up to 30.7 g/t Au

Big Horn

        • 1.5 km strike length
        • Best gold-in-soil anomaly (<700 ppb Au)
        • Electromagnetic contrast up to 250m wide

East Bound

        • Minor workings
        • Rock samples up to 30.6 g/t Au
        • Fault intersections

Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) clearly isn’t exploring randomly – they’re beginning to drill one of the most promising gold belts in the world.

Benefiting from AngloGold’s De-Risked Exploration Model

The Celts Project, acquired in December 2024, with 100% ownership being transferred May 2025, Celts is Eminent’s second project located in the Walker Lane and third project located within Nevada’s Great Basin.

Generated by the technical team that identified AngloGold’s Silicon gold deposit (4.2 Moz) 100KM SE, Eminent’s objective is to identify a similar 1M+ ounce deposit suitable for open-pit mining.

Celts benefits from AngloGold’s de-risked exploration model, enhancing the probability of a major discovery. Initial results point to significant evidence of a boiling zone and mineralized structures at depth—key indicators of a potentially large gold system.

Satellite and ground-based hyperspectral structures already confirm alteration minerals in the stream caps at Celts (identical to the Silicon gold deposit).

Why Eminent’s Timing Might be Ideal

The current landscape is reminiscent of the 2011 gold rush, which saw a surge in valuations for exploration companies. Eminent Gold, with its strong project pipeline and high-impact exploration programs, is well-positioned to capitalize on these dynamics.

Looking ahead, potential political shifts in the United States and Canada could further influence gold’s trajectory. A new U.S. presidency in 2025 may bring significant changes to monetary policy, fiscal spending, and geopolitical strategy. For junior miners like Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) , these political shifts may present both challenges and opportunities, particularly in securing financing, advancing projects, and navigating shifting regulatory landscapes.

In addition to geopolitical factors, the expanding role of gold in emerging technologies and renewable energy reinforces its demand. Gold’s use in electronics, medical devices, and as a key component in clean energy systems highlights its growing significance in the global economy. These trends, coupled with forecasted supply constraints from declining production at major mines, position junior miners as critical contributors to meeting future demand.

Eminent Gold’s strategic vision, proven expertise, and dedication to sustainable development place it at the forefront of this dynamic industry. By leveraging favorable market conditions and preparing for potential political and economic shifts, the company is poised to deliver exceptional value to its shareholders while contributing to the future of gold exploration and development.

In my opinion, Eminent Gold’s exploration methodology is quite analogous to Osisko Mining and their ability to employ a very systematic approach to derisk its assets. Osisko’s success in Quebec, and its subsequent sale to Gold Fields Limited in late 2024, highlights the value of disciplined exploration and technical excellence, both of which are cornerstones of Eminent Gold’s strategy.

Proven Track Record Monetizing Exploration Success

Companies like Osisko and O3 Mining do not become successful overnight.

They are typically a combination of extensive planning, calculated risk management, and a little bit of luck, guided by an experienced management team.

Not only is Eminent Gold’s leadership comprised of seasoned professionals with extensive expertise in gold exploration, asset monetization, and capital markets, Chief Geologist Daniel McCoy has a proven track record of delivering shareholder value through major discoveries and successful exits.

Previous projects, such as the Esaase deposit (5 Moz) and El Barqueno, were acquired by industry majors, showcasing the team’s ability to create and realize value.

With numerous team members currently living in Nevada, the team’s deep understanding of Nevada’s Great Basin geology also provides a strategic advantage, enabling Eminent to efficiently target high-potential zones and mitigate exploration risks.

Favorable Share Structure & Insider Confidence

Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) has a tight share structure with only ~59M shares outstanding with strategic investors and management ownership exceeding 53% of the float.

Recently completing an oversubscribed financing for ~$2.4M, Eminent Gold has acquired sufficient funding to begin their maiden drill program at Hot Springs Range, while the company’s calculated and lean structure maximizes their exploration activities.

With $2M in potential funding from 4 million warrants exercisable at $0.50, Eminent Gold will also have access to additional non-dilutive financing to support future exploration activities.

Valuation and Upside Potential

Eminent Gold’s current market capitalization of $16.19M (C$23.13M) signals a significant discount to its exploration potential.

The upcoming results from the Hot Springs Range drill program, along with Gilbert South and Celts campaigns, should they be positive, can be expected to serve as major catalysts for a re-rating of the stock.

That said, the inherent uncertainties of mineral exploration mean that discovery success is not guaranteed. Delays or unfavorable results could also impact the company’s valuation. Gold price volatility and macroeconomic factors may also influence investor sentiment, affecting junior mining stocks disproportionately.

Technicals

Watching $EMGDF and $EMNT – downtrend break with room to the upside if we can break and hold above the $0.46 level.

Conclusion

Eminent Gold (OTCQB: EMGDF) (TSX.V: EMNT) offers a rare opportunity to invest in a junior exploration company with exceptional assets in Nevada’s Great Basin. The strategic location of its three flagship projects, supported by a seasoned management team and a favorable macro environment, present significant discovery potential. With a robust pipeline of catalysts in 2025, Eminent Gold is well-positioned to deliver substantial shareholder value.

For risk tolerant investors seeking high-upside exploration plays, Eminent Gold stands out as a compelling addition to a diversified portfolio, presenting a compelling high risk investment opportunity in a sector that has seen a resurgence in M&A activity.

EMINENT GOLD CORP – OTCQB: EMGDFTSX.V: EMNT

  • Spartan’s Idea: Long Speculation $EMGDF $0.23 – $0.30 (Starter Position)
  • Spartan’s 1st Target Area: $0.45
  • Spartan’s 2nd Target Area: $0.56
  • Spartan’s 3rd Target Area: $0.68
  • Spartan’s Stop Loss: $0.18
  • Spartan’s Idea Timeframe: 3-6 Months

Share Structure Overview:

  • Float: ~47.2M
  • Shares Outstanding: ~59M
  • Options: ~5.15M
  • Warrants: ~16.3M
  • Fully Diluted: ~80.8M
  • Insider Ownership: 13%
  • Strategic Investors & Management Ownership: 53%
  • Free Float: 47%
  • Market Cap: $16.19M (C$23.13M) – as of January 15, 2025
Current Idea is a speculation long. More information on Eminent Gold including its recent investor presentation outlining its property and upcoming exploration campaign can be found here.
 
Best Regards,
Spartan (aka ‘Chris’)
 
 

 

 

Source(s):

  1. Nevada Gold Mines. 2021. May 20. Investor Day Presentation. Barrick Gold Corporation
  2. https://s25.q4cdn.com/322814910/files/doc_downloads/operations/ngm/Turquoise-Ridge-Technical-1. Report-March2024.pdf

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