Eminent Provides Drilling Update at Hot Springs Range Project
Dan McCoy, Chief Geologist and Director commented:
"According to Nevada Gold Mines, the NE trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve4. Hole HSC002 indicates that mineralization associated with the NE trending Otis fault provides us with an analogous geometry. However, Hole HSC002 did not cross this structure, whereas Hole HSC004 is designed to cross the structure at the same depth as the best gold hits in HSC002. We are pleased with the visual results to date."
Drilling Update
Eminent's recently completed hole, HSC004, was designed to test gold mineralization in and around the northeast (NE)-trending Otis Fault (see Figures 3-5 for plan and section views, as well as hole azimuths and dips). Hole HSC002, drilled parallel to this fault, encountered multiple zones with gold intercepts of up to 8 grams per tonne (g/t), which the company released in news releases dated January 15 and February 5, 2025.
HSC004 was designed to cross the Otis Fault at a location approximately 150 meters offset from HSC002, at the same depth. While assay results are pending, an initial visual examination of the core indicates alteration features similar to those observed in HSC002. These observations suggest potential continuity of geological characteristics along the Otis Fault corridor; however, confirmation will require further analytical testing. Eminent is also awaiting the complete assay results from Hole HSC003, which tested a northwest oriented structure.
Paul Sun, President and CEO of the Company commented:
"We are very excited about our ongoing drill program at HSRP, with two holes pending assay results, as we are currently planning our fourth hole. The Company is well-financed to continue drilling at HSRP, as well as to drill its inaugural holes at the Company's Celts project."
All scientific and technical information in this news release has been prepared by, or approved by Michael Dufresne, P.Geo. Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Importers struggle to resell Canadian canola meal caught in China tariff crossfire
By Naveen Thukral SINGAPORE (Reuters) -Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said. Up to 400,000 metric tons of canola meal, used mainly in animal feed, is sitting in secure warehouses near Chinese ports, with importers facing a 100% duty if they release the cargoes for sale in the domestic market. "It is not viable to pay the duty, so we are looking at the possibility of re-selling it to other markets, maybe to feed-makers in Southeast Asia or South Korea," said an executive with a trading company that is one of the importers of canola meal. "But it will have to be at a discount," the person said, declining to be named as they were not authorised to speak to media. Traders said the canola meal was being offered at a discount of about 30%. The stuck cargoes underscore the struggles of agricultural companies caught in the middle of trade standoffs, at a time when Washington and Beijing's tariff war has disrupted trade in farm products including soybeans. China on Tuesday announced a preliminary anti-dumping levy of 75.8% on imports of canola oilseed from Canada, escalating a year-long trade dispute that began last August with Ottawa's tariffs on Chinese electric vehicle imports. In March, China imposed a 100% tariff on Canadian rapeseed oil, oil cakes and pea imports. "These measures show how the Chinese government is super angry with the Canadian government," said a trader at a company which runs oilseed processing plants in China. "They suddenly increased the duty to 100% on canola meal, which was not expected." Two of the traders estimated the stranded canola meal volumes at 400,000 tons, while one trader said it was around 200,000 tons. At 400,000 tons, the value of canola meal stuck at Chinese ports is worth around $120 million, traders said.
Yahoo
2 hours ago
- Yahoo
Importers struggle to resell Canadian canola meal caught in China tariff crossfire
By Naveen Thukral SINGAPORE (Reuters) -Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said. Up to 400,000 metric tons of canola meal, used mainly in animal feed, is sitting in secure warehouses near Chinese ports, with importers facing a 100% duty if they release the cargoes for sale in the domestic market. "It is not viable to pay the duty, so we are looking at the possibility of re-selling it to other markets, maybe to feed-makers in Southeast Asia or South Korea," said an executive with a trading company that is one of the importers of canola meal. "But it will have to be at a discount," the person said, declining to be named as they were not authorised to speak to media. Traders said the canola meal was being offered at a discount of about 30%. The stuck cargoes underscore the struggles of agricultural companies caught in the middle of trade standoffs, at a time when Washington and Beijing's tariff war has disrupted trade in farm products including soybeans. China on Tuesday announced a preliminary anti-dumping levy of 75.8% on imports of canola oilseed from Canada, escalating a year-long trade dispute that began last August with Ottawa's tariffs on Chinese electric vehicle imports. In March, China imposed a 100% tariff on Canadian rapeseed oil, oil cakes and pea imports. "These measures show how the Chinese government is super angry with the Canadian government," said a trader at a company which runs oilseed processing plants in China. "They suddenly increased the duty to 100% on canola meal, which was not expected." Two of the traders estimated the stranded canola meal volumes at 400,000 tons, while one trader said it was around 200,000 tons. At 400,000 tons, the value of canola meal stuck at Chinese ports is worth around $120 million, traders said.
Yahoo
2 hours ago
- Yahoo
CoreWeave Shares Tumble on Bigger-Than-Expected Loss; Tigress Financial Points to Demand Acceleration
CoreWeave (CRWV) shares plummeted intraday Wednesday after the company posted a wider-than-expected Sign in to access your portfolio
