Business
Provenance Gold Drills 16.8 Meters of 13.04 g/t Gold Within 114 Meters of 3.1 g/t Gold from Surface at Eldorado
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2023) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to an
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 31, 2023) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the \"Company\" or \"Provenance\") is pleased to announce that its ED-07 drill hole in Malheur County, Eastern Oregon has returned continuous mineralization over 114 meters of 3.1 grams per ton gold ending in mineralization. The table below lists the complete gold assay summaries from the ED-07 drill hole: Hole Depth Incline Bearing From(m) To(m) Length(m) Gold(g/t) Highest 1.5m Assay (g) ED-07 114.3m -60 315 0 114.3 114.3 3.10 \"Including\" 35 68.5 33.5 7.63 \"Including\" 38.1 54.9 16.8 13.04 \"Including\" 38.1 41.1 3.0 39.87 40.84 \"Including\" 86.9 114.3 27.4 2.057 Figure 1: Complete gold assay summaries from ED-07 This hole, which is over 200 meters away from our previously announced ED-04 drill hole was drilled in proximity to historic hole R-01 but is a new drill hole designed to go further into the gold system. The hole terminated in mineralization due to water coming into the drill hole which will not be an issue with core drilling in the future and will allow for much deeper holes. Project Manager Steve Craig explained, \"Hole ED-07 is a huge success and it is exceptional because of the fully mineralized length of 114 meters and its overall high gold values that were found.\" CEO Rauno Perttu stated, \"This is exciting because our newly found high grade mineralization in and below the historically projected gold volume suggests that our current and future drilling could increase this gold volume substantially.\" The Company reports that ED-05 and ED-06 were both mineralized over significant lengths but did not reach our threshold of \"material event\" as these are holes designed to help confirm the historical database. These are being further analyzed and will be reported in detail at the completion of the drill program. The map below shows the drill hole locations of ED-05, ED-06 and ED-07 in relation to the earlier holes the Company has drilled and already reported. Figure 2: Current Drilling Targets Quality Assurance and Quality Control The reverse-circulation drilling program utilized by Provenance completed a quality assurance / quality control program (QA/QC) with control samples consisting o...