Business
Provenance Gold Announces Silverbow Drilling Results, Every Hole Intersects Gold and Silver Mineralization
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (OTCQB: PVGDF) (the "Company") is pleased to report
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (OTCQB: PVGDF) (the \"Company\") is pleased to report that all assays have been reported for its initial 23-hole RC drilling program at its Silverbow gold-silver project on the Blue Horse patented mining claim. The drill program was limited to the patented claim. Drilling beyond this claim is planned to commence after permitting. Two target types were envisioned for this initial program: the first was the potential for high grade gold which was mined in the 1930s, and the second was a large bulk mineable breccia identified by drilling in 1993. The high-grade gold target remains promising while the bulk mineable mineralization was confirmed and is open ended. The drill program confirmed potential bulk-tonnage mineralization on and north of the patented claim. Review of the drilling supports Provenance's interpretation that cross-faults have brought a potentially economic bulk-tonnage breccia zone to open-pit levels in the northern half of the patented claim and beyond. This mineralization likely continues to the north of the claim into an area which had historic mining of a high-grade gold and silver vein system. The breccia mineralization extends to the north onto the Silver Glance target area, which has returned surface samples up to 3 g/t Au with 60 g/t Ag. A selected dump sample from the Silver Glance Mine returned 1 g/t Au and 2310 g/t Ag. BLM permitting will be required to continue drilling in the Blue Horse and Silver Glance target areas. Historically, miners produced extremely high-grade gold ores from veins on the patented claim. Provenance confirmed this with random dump samples that returned 293 g/t Au with 673 g/t Ag, 12.4 g/t Au with 225 g/t Ag, and finally 10.2 g/t Au with 785 g/t Ag. The breccia portion of the target was tested in 1993 with three holes which returned typical intervals of 45 to 82 meters of 0.13 to 1.03 g/t Au and 5.6 to 75.8 g/t Ag. No known historic drilling has occurred on the high-grade vein zone. The longest intercept of mineralization reported from this drilling campaign was BH-17 with 80.6 meters of 0.246 g/t Au and 14.6 g/t Ag, and another hole BH-20 reported 46.7 meters of 0.34 g/t Au and 10.6 g/t Ag. These intercepts were typical of the mineralization found in other holes drilled in...