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Provenance Gold Intersects 67 Meters (320 Feet) of Open-Ended Gold Mineralization in New Zone at White Rock
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2021) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to
About this update from Provenance Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 4, 2021) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the \"Company\" or \"Provenance\") is pleased to report that the latest drill holes have confirmed the location of a newly recognized open-ended gold mineralization feeder structure that extends across the core mineralized area of 3.2 km in length and 1.3 km in width. Drill hole 45 intersected the feeder structure at 17 meters (55 feet) and was still in it at 104 meters (340 feet), where the hole had to be terminated because of ground conditions. Between 17 and 84 meters (55 and 275 feet), the hole averaged 0.015 oz/t gold (0.52 g/t) within which 21 to 52 meters (70 to 170 feet) averaged 0.026 oz/t gold (0.88 g/t) and between 37 and 49 meters (120 and 160 feet) the hole averaged 0.032 oz/t (1.11 g/t). The hole bottomed in mineralization at 340 feet, with indications it was entering another zone of stronger mineralization. The deposit is unusual in that it extends along the crest of a broad, high ridge (White Rock Mountain) in an area that is being geologically stretched like the surface of an inflating balloon. These events have created near-surface cracks that formed in the weakest rocks. While this ridge setting is positive for future open pit mining, the cracks have created difficulties for drilling. The drill steel has often become stuck and even been lost in these cracks. The weakest most easily cracked rocks are in the gold zone because it has been structurally broken and subsequently altered by the ore emplacement of the gold system, so the cracks have become an indicator for the gold zone. Provenance's geologists have worked around this problem with cross-sections and confirmation holes. The White Rock gold project consists of 258 lode mining claims (5,160 acres) with gold being hosted in silicified limestone, conglomerate, and shale. Provenance has completed 35 holes in the first year of a continuing exploration program, with further assays pending. With these holes, along with the historic drilling of 67 holes, the company is building a firm understanding of the gold system and believes that this is an extensive open-pit grade gold deposit, with grades similar to current Nevada open pit mines. In addition to the newly identified plumbing structure, recent step-out drilling continued to expand the gold mi...