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Eminent Acquires Option to Purchase Gilbert South Property in Nevada
Eminent Acquires Option to Purchase Gilbert South Property in Nevada Canada New...
About this update from Eminent Gold Corp.
[{"type":"text","content":"\n \n \n \n Eminent Acquires Option to Purchase Gilbert South Property in Nevada\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 24, 2021\n \n \n /CNW/ - Eminent Gold Corp.\n \n (TSXV: EMNT) (\"\n \n Eminent\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has acquired an option (the \"\n \n Option\n \n \") to purchase the Gilbert South Project (\"\n \n \n Gilbert South\n \n \n \" or the \"\n \n Property\n \n \"), located approximately 42 km west of\n \n Tonopah, Nevada\n \n (Figure 1). The Property lies within the Gilbert District which has a long history of both production and recent resource drilling. Multiple small shafts and adits on the Property are developed along free gold bearing epithermal quartz veins and vein stockworks (Figure 2 and Figure 3). The Company considers this to be one of the best epithermal prospects in the Walker Lane, which has a total gold endowment of over 53 Moz Au and\n \n 350 M\n \n oz Ag, all produced from similar epithermal occurrences.\n \n \n Eminent has entered into an option agreement (the \"\n \n Option Agreement\n \n \") with Orogen Royalties Inc. (\"\n \n Orogen\n \n \"), whereby the Company acquired the Option to purchase 100% of\n \n Gilbert South\n \n . The Company has up to five years to acquire a 100% interest in the 110 unpatented claims (890 hectares), by making cumulative cash payments of USD\n \n $875,000\n \n (collectively, the \"\n \n Cash Payments\n \n \"), cumulative share payments of 500,000 common shares (\"\n \n Shares\n \n \") in the capital of the Company (collectively, the \"\n \n Share Payments\n \n \"), and a total of USD\n \n $100,...