Eminent Gold Corp Announces Promising Drill Result at Hot Springs Range and Leadership Update

Eminent Gold Corp (TSX V: EMG) reported a significant drilling milestone on January 6 2026, striking 9.2 million metres of 3.2 g/t gold at its Hot Springs Range exploration site in British Columbia. The result, confirmed by the company’s CEO statement on ceo.ca, represents a potentially high‑grade, near‑surface resource that could substantially extend the life of the property.

Drill Performance and Geology

The 9.2 m interval was cut within a 16 m drill hole and yielded a gold grade of 3.2 g/t, translating to an estimated gold recoverable concentration that exceeds the threshold used by many junior miners for economic viability. Given the relatively shallow depth, the company estimates the drilling was achieved within a cost‑efficient budget, improving the risk profile of the Hot Springs Range project. This finding follows a series of earlier assays that suggested the presence of a broader mineralization belt beneath the surface.

Corporate Leadership Transition

Simultaneously, Eminent Gold Corp announced the appointment of Dan McCoy as President and CEO. Mr. McCoy brings a decade of experience in the mining sector, having led multiple exploration initiatives in the Canadian resource corridor. His appointment signals a strategic shift toward accelerated development and a more aggressive capital deployment strategy. The company’s board expressed confidence that McCoy’s track record will help unlock value in its portfolio.

Market Context

Despite the positive drill data, the stock closed at CAD 0.435 on January 5, 2026, reflecting a 0.28–0.515 52‑week range that underscores its high‑beta nature. The company’s market capitalization stands at roughly CAD 33.94 million, with a negative price‑earnings ratio of –11.93, typical of a resource company yet poised for a turnaround should the Hot Springs Range prospects materialize.

Forward Outlook

Eminent Gold Corp is now poised to conduct follow‑up drilling and resource definition studies to establish a definitive reserve. Should the company confirm a substantial mineralized zone, it could reposition itself from a pure exploration outfit to a producer with a viable cash‑flow pipeline. The leadership change and the promising assay results collectively suggest a renewed confidence among stakeholders that the company can unlock substantive value in Canada’s gold‑rich terrains.