Eminent Gold Corp. plans drilling at Celts project following CEO appointment
What happened
Dan McCoy was appointed CEO of Eminent Gold Corp. The company reported that the Celts project's age date of 11.73 million years matches the age of gold mineralization at AngloGold Ashanti's Arthur Project. Eminent Gold Corp. plans a five-hole drill program to test fault-hosted and layer-hosted targets, and has doubled its claim package to 1,020 hectares.
From prnewswire.com
Why it matters
The Celts project is an untested gold system whose geological setting is consistent with large, bulk-mineable deposits found at AngloGold Ashanti's Arthur Project. The company is advancing its exploration through a doubled claim package and a planned five-hole drill program, based on surface rock samples up to 1.5 g/t gold.
From prnewswire.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- companySpeculative
Eminent Gold Corp. might increase its capital expenditure for drilling and resource acquisition.