Business
Provenance Gold Acquires Additional Property in Nevada as a Result of Ongoing Data Analysis and Field Reviews
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) ("Provenance", or the "Company") is pleased to anno
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (\"Provenance\", or the \"Company\") is pleased to announce it has added an additional twenty-nine (29) new claims to its Silver Bow, Nevada property to cover extensions of the property's gold and silver systems. The Company has been integrating all the available historic information on the property with its ongoing field investigations. The Company has found that the historic information and new field work support the Company's new interpretations of the underlying mineral system. The work also identified extensions of the mineral system that were confirmed in the field and staked. The Silver Bow property is located approximately forty miles east of Tonopah in Nye County, Nevada. This extensive and strong mineral system is dominated by silver mineralization in its eastern portion, and by gold in its western portion. A major portion of the gold system is centered on a newly recognized mineralized rhyolitic flow dome complex. The mineralization in the complex is likely controlled by at least two major east-west shear zones which intersect several mineralized northwest-trending cross structures. The mineralization associated with these structures appears to be further strengthened within the boiling zones of the mineral system. Locally strong gold mineralization also extends eastward from the flow dome for more than three kilometers into the silver-dominated part of the system. Very little historic drilling has been conducted on the dome complex, but the limited drilling has produced strong, positive results. The dome complex is approximately two kilometers long and at least a half kilometer wide and was tested with eight holes in 1993 by Phelps Dodge Mining Co. The zone is exposed at the original dome deposition surface to at least eight hundred feet deeper into a canyon at the start of the zone. In the opinion of Provenance's geologists, these holes were not located to intersect the mineralization control structures, yet showed strong results. Highlights from these historical results include PRS-93-12 with 220 feet of 0.14 g/t gold, PRS-14 with 400 feet of 0.14 g/t gold including 30 feet of 0.42 g/t gold and 20 g/t silver, and PRS-16 with 10 feet of 1.46 g/t gold and 403.2 g/t silver. All eight holes contained anomalous ...