There’s something extremely exciting happening in Nevada.
A dynamic force is capturing the imagination of every mining investor who hears about it.
Eclipse was formed as a private company last year with a very clear plan of action.
It set out to buy, finance, and develop a major gold project and make a large liquid return for shareholders.
This alone is not ground-breaking.
These same goals are pursued by all mining exploration firms.
But what sets Eclipse apart is the outstanding track record of its management team when it comes to delivery.
Few other firms can come close.
See, the company is run by managers, board members, and advisors who have been directly involved in at least nine firms taken out by larger peers. These include:
- The sale of Peru Copper to Chinalco for US$869 million;
- The sale of Newmarket Gold to Kirkland Lake Gold for US$1 billion; and
- The sale of Arequipa Resources to Barrick Gold for US$1.1 billion
These multi-multi-million-dollar “liquidity events” have collectively generated over $4.59 billion in shareholder wealth over the years.
And that’s not all.
Eclipse’s leadership also boasts impeccable financing credentials.
Collectively, they have raised more than $2 billion over recent years- through both strong and weak markets.
The firm’s central management team provides an excellent example of this quality in action.
There, they purchased the Sterling gold project in Nevada for C$13.5 million back in 2017. Under the leadership of chief executive Mike Allen, the team raised C$35 million in a weak to flat gold market and de-risked Sterling hugely in a matter of months.
These efforts climaxed a short 16 months later, in August 2018, with the staggering news that Northern Empire would be taken out by Coeur Mining for C$117 million.
Can you really argue with an investment return of nearly nine times in little over a year from just one project?
The mining community certainly couldn’t.
After selling Northern Empire, Mike Allen and co found some of the world’s most pre-eminent talent knocking at their door. This led to the creation of Eclipse Gold Mining.
Key positions are now filled by chairman Marcel de Groot and advisor David De Witt. The pair are the founders of Pathway Capital – a venture capital firm responsible for more than $2 billion of equity financings and several billion dollars of M&A deals.
Among the companies Pathway helped to build from the ground up are Sandstorm, now a US$1.57 billion firm, and Equinox Gold – now a US$2.4 billion mining behemoth.
Elsewhere, Sandstorm’s co-founders Nolan Watson and David Awram and former Kirkland Lake Gold director Ray Threlkeld also sit on Eclipse’s advisory board.
Former Northern Empire Executive Chairman Doug Hurst rounds out the board. Hurst was a founder of such successes as International Royalties, Newmarket Gold, and sits on the board of Calibre Mining.
Finally, Eclipse was able to attract one of the top geological minds in the world to its team, Dr. Warwick Board- previously VP Geology for Pretium.
READ OUR SPECIAL REPORT -How Eclipse Gold’s founders plan to add to their multi-billion dollar list of take-out success stories
After pouring through more than 90 properties in Nevada, Mike Allen and his team finally found the golden opportunity they had been looking for in August 2019.
Something capable of generating even greater returns than Sterling.
And on their “home” ground too!
The Hercules Gold Project is strewn with huge areas of outcropping gold mineralization that can literally be picked out of the ground.
Yet despite hiding in plain sight, this 85km2 package of land has been overlooked for years.
After uniting the entire Hercules land package for the first time in modern gold exploration, Eclipse immediately got to work on uncovering the true scale of this previously-ignored project.
The firm combined piecemeal historical data with its own sampling and mapping to identify six key surface gold targets that contain epithermal-style veining and cover around 8km2.
It then completed satellite imaging that revealed huge areas of potential gold mineralization in project areas previously considered barren.
Allen and his team quickly realized that the opportunity at their fingertips was bigger than they had ever imagined.
All of the evidence points towards a single conclusion – mineralization across Hercules is linked underground, creating one enormous epithermal gold system.
If Eclipse can show this to be true, then Hercules could experience a surge in take-out interest.
See, these connected areas of mineralization are known as “epithermal systems”, and they are responsible for some of Nevada’s best gold mines.
The greatest example is probably Comstock lode – Hercules neighbouring project and one of the greatest mineral discoveries in US history.
Eclipse has come to market so you can share in its management’s common goal of generating a vast and rapid return on investment.
Given the lack of development at Hercules over the years, the coming weeks and months will be critical in unearthing the true scale of this epithermal system.
It could be world-class.
Don’t wait too long for the results to come out or it might be too late.
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