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Provenance Gold to Mobilize Its 2024 Core Drilling Program at Eldorado
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - 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. - June 19, 2024) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the \"Company\" or \"Provenance\") is pleased to announce that its first core drilling program at its Eldorado property is scheduled to mobilize on July 9th. The planned 5-hole, 1000-meter minimum core drilling program will allow the Company to drill deeper into the system and is expected to take approximately five weeks to complete. July 2024 Core Drilling Program Since almost all of the historic drilling was conducted by rotary drilling and Provenance's 2023 program utilized reverse-circulation drilling, the diamond drilling program is essential to provide a visual confirmation of the nature of geological features, structures, and mineralization which is vital for modeling of the gold system and future exploration. Provenance Chairman Rauno Perttu said, \"As a geologist, rock chips are an important part of exploration, but I'm very excited to see the core. This will allow us to confirm our geological modeling. We are also looking to explore the extent to which the gold system extends deeper than exploration to date has been able to demonstrate. Our key 2023 holes bottomed while still in strong mineralization.\" The drilling follows up excellent results received from the Company's 2023 initial 11 RC confirmation drilling program at Eldorado, which confirmed and exceeded historic results and identified a newly recognized high-grade zone that begins below most of the historic drilling. Detailed information regarding the core drilling program including locations, cross-sections, mapping and additional analysis will be provided in subsequent news releases. 2023 Drilling Highlights Hole ED-03: 140.208 Meters of 1.15 g/t Gold Hole ED-04: 137.160 Meters of 1.639 g/t Gold Hole ED-07: 114.3 Meters of 3.085 g/t Gold Hole ED-11: 118.872 Meters of 3.278 g/t Gold Please click here for a complete summary of our recent 11-hole RC drill program at Eldorado. Further Drilling Once the core drill holes are processed, assayed, and data interpretation and remodelling have been completed, Provenance plans to conduct a much more extensive RC drilling program later in 2024 to further grow the mineralized footprint both at surface and at depth. Investor Relations Provenance has entered into an investor relations services agreement with Para...