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Provenance Gold Announces Commencement of Drill Program at its White Rock Gold Property
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (OTCQB: PVGDF) (the "Company") announces the commenc
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (OTCQB: PVGDF) (the \"Company\") announces the commencement of a drill program on its White Rock property in the northeastern corner of Elko County, Nevada. After reviewing the historic exploration information on the property and reinterpreting the geology, the Company expanded its land position to 258 claims covering 5,160 acres. The expansion was done to cover the extensive gold system on the property. The core of this system hosts gold mineralization that extends across an area at least 3.2 Km by 1.6 Km. Initial field work suggests the system is potentially significantly larger than currently recognized. Scattered widely spaced historic drilling of parts of the property with distances between holes up to 290 metres apart confirmed the extensive mineral system. These historic drill holes intersected several thick intervals of open-pit grade gold mineralization across a wide area, such as 73 metres of 0.55 g/t gold, 32 metres of 0.655 g/t gold and 3 metres of 5.7 g/t gold respectively. The Company believes the geology of the White Rock mineral system has similarities to the geology of the nearby Black Pine gold system in southern Idaho. At Black Pine, the gold system is hosted in a complex of thrust faults. The Company believes a similar thrust complex underlies the White Rock mineralization, and the postulated thrust complex will be an exploration target. The focus of an initial drilling program will be to confirm and expand on historic drilling that intersected thick intervals of continuous gold mineralization within the 3.2 Km by 1.6Km core area of gold mineralization. Simultaneously, the Company will be mapping and sampling additional areas of gold mineralization adjacent and nearby. Rauno Perttu, the Company's CEO states \"After a thorough review of the project's database by myself and my team we have a new understanding of the projects mineral system and have been impatiently waiting for drill permits and equipment to start advancing the White Rock project. I believe it is a true \"company-maker\" and has the potential to develop into a major gold resource as we continue exploration.\" Figure 1: Location of White Rock Property and Original Claim Block Rauno Perttu, P. Geo., a Qualified Person (as defined by Nationa...