11:10 AM EST, 11/18/2024 (MT Newswires) -- Eminent Gold ( EMGDF ) on Monday said it launched an inaugural core drilling program at the Otis Target Area within its Hot Springs Range Project in Nevada

The initial phase of the program is expected to consist of 1,000 meters using one drill rig targeting a potential parallel structure to the Getchell Trend which hosts the Turquoise Ridge and Twin Creeks deposits.

"The opportunity at Hot Springs is to find the other half or a parallel trend to the world-renowned gold trend in Nevada. We have worked diligently for the past few years developing strong geological concepts and have waited patiently for the opportune time of a strong gold market prior to commencing our first drill program in an effort to maximize returns for shareholders in the event that we are successful," said chief executive Paul Sun.

Eminent shares were last seen up $0.005 to $0.345 on the TSX Venture Exchange.