{"id":9895,"date":"2025-03-27T20:03:27","date_gmt":"2025-03-27T20:03:27","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=9895"},"modified":"2025-03-27T20:04:46","modified_gmt":"2025-03-27T20:04:46","slug":"eminent-gold-closes-on-celts-deal","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2025\/03\/27\/eminent-gold-closes-on-celts-deal\/","title":{"rendered":"Eminent Gold closes on Celts deal"},"content":{"rendered":"

\"\"<\/p>\n\n\n

Eminent Gold has completed its acquisition of the Celts mineral property in Nevada for an aggregate purchase price of $400,000 from Orogen Royalties, a subsidiary of Renaissance Exploration. Eminent now holds a 100% interest in the site indirectly through its subsidiary Hot Springs Resources.<\/p>\n\n\n\n

Pursuant to the purchase agreement, Orogen maintains a 3% net smelter returns royalty.<\/p>\n\n\n\n

\u201cThe acquisition of the Celts project is a significant milestone for Eminent, due to its similarities to the recently discovered Silicon multimillion-ounce mining complex located approximately 100 kilometers southeast. We are currently preparing a work program that includes a geophysical survey. Once complete, we will be ready to initiate a maiden drill program,\u201d said Paul Sun, Eminent Gold president and chief executive officer.<\/p>\n\n\n\n

\u201cThis timely acquisition supports our goal of building a large-scale gold exploration portfolio in Nevada, driven by new concepts and maiden drill programs, as gold prices reach record highs. Our current drilling at Hot Springs Range is advancing well, and we eagerly await the assay results from our second hole, which is crossing a key fault and has reached approximately 1,400 feet of an estimated 1,600-ft. target.\u201d<\/p>\n\n\n\n

The Celts project, encompassing 67 unpatented claims over 560 hectares, is located in southwestern Nevada, approximately 13 kilometers northeast of the historic town of Goldfields.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eminent Gold has completed its acquisition of the Celts mineral property in Nevada for an aggregate purchase price of $400,000 from Orogen Royalties, a subsidiary of Renaissance Exploration. Eminent now holds a 100% interest in the site indirectly through its subsidiary Hot Springs Resources. Pursuant to the purchase agreement, Orogen maintains a 3% net smelter returns royalty. \u201cThe acquisition of…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[3713,3714],"coauthors":[1644],"class_list":["post-9895","post","type-post","status-publish","format-standard","hentry","category-miners-news","tag-eminent-gold","tag-hot-springs-resources"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t