Geophysics Confirms Target Structures At Round Mountain Analogue

VANCOUVER - Eminent Gold Corp. has completed a geophysics survey at its Meadow Canyon target in Nevada. Results identify a conductivity anomaly that occurs coincident at the intersection of inferred feeder faults at a caldera margin, which is analogous to mineralization at the 23 Moz Round Mountain mine 13 km to the west of Meadow Canyon. The ongoing Plan of Operations will prioritize the exciting targets confirmed by this survey.

Paul Sun, President and CEO, said, "The geophysics results at Meadow Canyon confirmed our technical team's thesis of a strong conductivity target at the structural intersection of the inferred feeder faults that our 2021 pathfinder soil geochemistry vectored toward. This evidence strengthens our resolve to push forward with the permitting process and continue our collaboration with the USFS and stakeholders to permit drilling at Meadow Canyon as we are another step closer to determining if we have a system analogous to the 23 Moz Round Mountain mine."

The Controlled-Source Audio-Frequency Magnetotellurics (CSAMT) yielded 3D data of the subsurface across the entire 5.6 square kilometer Meadow Canyon area. Multiple geophysical anomalies were identified that spatially correlate with previously identified structural targets. Three clear targets exist: 1) A strong conductivity anomaly at the intersection of the Meadow Canyon and relay fault. 2) A conductivity anomaly associated with an overlying resistivity anomaly that are both coincident with the Meadow Canyon fault. 3) A resistivity anomaly along the Jefferson Canyon caldera margin. 4) All three targets can be tested from proposed roads/pads on the Plan of Operations submitted to the USFS. 5) The USFS is scheduled to officially respond to the Plan of Operations in Q1/23.