Acquisition The Of Celts Project
VANCOUVER - Eminent Gold Corp. announced the signing of an agreement to acquire the Celts Project in Nevada, from Orogen Royalties Inc. Eminent believes the Celts project represents a strong exploration analogue to the recent Silicon discovery, located 100 kilometers south. The Expanded Silicon Project collectively boasts an impressive total mineral resource of 13.27 million ounces of gold, including 4.22 million ounces of indicated and inferred resources from the Silicon deposit and 9.05 million ounces of inferred resources from the Merlin deposit, underscoring the significant potential of the area. The recent discovery of the Silicon epithermal gold deposit near the Beatty district by AngloGold Ashanti highlights the significant prospects of the Walker Lane Trend, a region renowned for its substantial gold endowment, including 80 million ounces of historically produced gold and extensive estimated gold resources.
Paul Sun, President and CEO, said, "We are pleased to announce the inclusion of the Celts project into our portfolio. This aligns with our strategic plan to develop a pipeline of exploration projects with analogous features to world-class deposits in Nevada.
The Celts project presents a substantial opportunity, where we can leverage the extensive groundwork already completed, and advance this project both efficiently and cost-effectively.
We remain disciplined with our Nevada-based technical team committed to maximizing shareholder value through strategic, large-potential exploration and delivering catalyst-rich opportunities in a thriving gold market.
Our current drill program at Hot Springs Range is a significant step in this direction and will be ongoing depending on results. We are preparing final permits to drill Gilbert South and completing the final steps to advance Celts to a drill-ready, permitted stage in the first half of 2025."