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Provenance Gold Hits High Grade Intercept at Eldorado Gold Project of 4.59 g/t Gold over 23 Meters as Drilling Continues
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to ann
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the \"Company\" or \"Provenance\") is pleased to announce that its first drilling program at its Eldorado gold project in Malheur County, Eastern Oregon has returned significant gold assays within the first three holes drilled. Reported here are the only results received to date with more holes yet to be drilled and assays pending. After drilling these first three holes, Project Manager Steve Craig explained, \"This is better than a new discovery because we already know that we have a large strong gold system. We are confirming historic drilling and testing that outlined an expansive open-ended gold system. These first assays are even better than we expected.\" This initial program is designed to confirm and expand a large near-surface open-ended gold system that was outlined by 242 historic drill holes. The table below lists the assay summaries from the first three holes. Hole Depth Incline Bearing From (m) To(m) Length (m) Gold (g/t) Highest 1.5m Assay (g) ED-01 168m -60 270 0 30.48 30.48 0.551 102.1 163.1 61 0.65 2.992 \"Including\" 118.9 166.1 47.2 1.108 ED-02 128m** -90 0 0 128 128 1.08 20.24 \"Including\" 27.4 39.6 12.2 2.14 \" 85.3 128.2 42.9 2.09 \" 115.8 126.5 10.7 4.85 ED-03 140m 0 140.2 140.2 1.3 20.35 \"Including\" 85.3 140.2 55.51 2.92 \" 117.3 140.2 23.1 4.59 ** Lost Provenance's first hole, ED-01 was designed to confirm continuity of the mineralization in the historically identified gold system outside its higher-grade core area. ED-02, the second hole drilled, was designed to infill an undrilled area within the historic higher-grade core area. The third hole, ED-03 was near historic hole (R-136). ED-01, which was a westward-directed minus 55-degree angle hole, supports the continuity of the gold zone mineralization and its impressive thickness that has not previously been tested. It intersected 141 meters of strong gold mineralization with the best interval being 47.2 meters of 1.108 g/t gold. Figure 1. Current drill hole locations within the larger pattern of historic drill holes. Hole ED...