Eminent Gold Corp. announced it has made the final payment on its acquisition of the Celts Project, totaling 560 hectares within the prolific Walker Lane Trend of southwestern Nevada (see Figures 1 to 3). The project shares key geological features with the Silicon-Merlin1 hydrothermal system--including host lithology, alteration style, and structural setting--making it a compelling analogue in terms of exploration potential.
The Silicon-Merlin system was originally identified and optioned by Orogen Royalties Inc. to AngloGold Ashanti and is now recognized as one of Nevada's most significant recent gold discoveries. Notably, Barrick Gold has recently staked ground adjacent to Celts (see Figure 4), further highlighting the strategic significance of the area. Finalizing ownership of the Celts Project aligns with Eminent's strategy to maintain majority ownership across its portfolio and positions the Company in a highly prospective region with analogues to world-class gold systems. This milestone follows Eminent's previously announced news releases dated December 12, 2024, and February 12, 2025, and underscores the Company's intent to aggressively advance the Celts Project--now recognized as a high-potential asset within its Nevada portfolio.
With Celts joining Hot Springs Range (drilling to resume shortly) and Gilbert South, Eminent holds three 100%-owned, drill-ready projects across multiple prolific gold trends in Nevada. Celts is distinguished by its geological similarities to other high-sulfidation epithermal systems and is rapidly emerging as a priority target with near-term discovery potential. With increasing demand for new gold discoveries across Nevada's major trends, Eminent is advancing Celts as a technically robust and strategically timed opportunity.
