Provenance Gold - PVGDF STOCK NEWS

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has completed a drone-based airborne magnetic survey at its Eldorado property in Eastern Oregon. The survey aims to define drill targets by leveraging the correlation between highly mineralized drill holes and reduced magnetic signatures in the diorite.

The company is preparing to commence its 2025 RC drill program with Boart Longyear as the contractor. This follows successful 2024 drilling results, including:

• Hole EC-01: 2.01 g/t Au over 288.34m from surface, including 3.07 g/t Au over 175.26m
• Hole EC-02: 156 meters at 0.501 g/t gold, including 32 meters of 0.94 g/t gold
• Hole EC-03: 154 meters of 0.8 g/t gold, including sections of 3.02 g/t and 2.57 g/t gold

Paragon Geochemical has been secured for assaying to expedite turnaround times. The company plans to expand exploration beyond the currently examined small area of the property in 2025.

Provenance Gold (CSE: PAU) (OTCQB: PVGDF) has appointed renowned mining expert Mackenzie Watson to its advisory board as senior exploration advisor. Watson, a Canadian Mining Hall of Fame Inductee, brings over 50 years of experience in Canadian exploration and mining.

Watson's notable achievements include discovering the Holloway Gold Mine in Ontario, for which he received Canada's Prospector of the Year award in 1991. Through Freewest Resources, where he served as President, he secured a $100 million deal with Noranda for a 35% interest. His discoveries also include the Icon-Sullivan copper mine, Long Lake zinc mine, Ellison gold deposit, and Hebecourt copper deposit.

Watson is a two-time recipient of the PDAC Bill Dennis Award and was named Quebec Prospector of the Year in 1992. His team's chromite discoveries in the Ring of Fire led to Freewest Resources' $239 million sale to Cliff Natural Resources.

Additionally, Provenance has granted 500,000 stock options to advisors and consultants, exercisable at $0.20 per share with a 36-month term, vesting immediately.

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has reported significant gold intersections from its Eldorado Gold Project in Malheur County, Oregon. Recent drill holes EC-02 and EC-03 have yielded notable results:

- EC-02: 0.51 g/t Au over 156.4m from surface, including 0.94 g/t Au over 32m
- EC-03: 0.8 g/t Au over 154.23m from surface, including 3.02 g/t Au over 13.72m

These results reinforce a significant NE-SW mineralized structure in the Tyee Area, with the high-grade zone extending over 25m in true thickness. The mineralization remains open in all directions. The company plans an ambitious 10,000+ meter drill program for 2025, starting in March, targeting four northeast-trending mineralized zones across the property.

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has announced two significant developments for its Eldorado property in eastern Oregon. First, the company has engaged Boart Longyear as its drilling contractor, with reverse circulation drilling scheduled to begin in early March 2025, weather permitting.

Additionally, a drone-based airborne magnetic survey will commence in February, conducted by Zonge International Inc. This survey aims to refine understanding of mineralized structures and identify new exploration targets using 3D voxel modeling. The project currently encompasses 241 historic drill holes and 14 drill holes by Provenance, with gold mineralization primarily associated with altered diorite intrusive.

The company plans a staged 10,000+ meter RC and core drilling program focused on expanding known mineralized areas and exploring new territories. Results from holes EC-02 and EC-03 are pending and will be announced after review.

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has provided an operational update for its Eldorado Gold Property in Malheur County, Oregon. The company reported significant 2024 achievements, including expanded land holdings and completion of IP geophysical survey. Notable drilling results include EC-01 returning 2.01 g/t Au over 288.34m from surface, including 3.07 g/t Au over 175.26m, and discovery of a new high-grade zone yielding 13.18 g/t Au over 13.69m.

The company maintains a strong financial position with $2.5 million cash as of December 31, 2024, including $1.92 million generated through warrant exercises in Q4 2024. For 2025, Provenance has negotiated amended payment terms for its $400,000 USD Eldorado option payment, split into three installments. The company is planning a 10,000+ meter core and RC drill program at Eldorado, starting in early 2025.

Provenance Gold has announced significant drill results from its first core hole (EC-01) at the Eldorado Gold Property in Oregon. The hole returned 2.01 g/t Au over 288.34m from surface, including 3.07 g/t Au over 175.26m. A new high-grade zone was discovered below previously known mineralization, yielding 13.18 g/t Au over 13.69m including 21.70 g/t Au over 6.10m.

The company completed a total of 698.14m over 3 drill holes in its maiden diamond drill program. Visible gold was observed throughout high-grade zones, suggesting potential underrepresentation of gold grades due to the 'nugget effect'. Additional bulk composite samples are being processed to better capture the coarse gold fraction.

Provenance Gold (CSE: PAU) (OTCQB: PVGDF) has provided an update on its core drilling program at the Eldorado Project in eastern Oregon. The company has completed two core holes and is working on a third, with over 500m of core drilling completed. Visible gold was encountered in hole EC-01, which was drilled to 347 meters. Hole EC-02 reached 158 meters but encountered drilling difficulties in a fault zone. Hole EC-03 is targeting the same horizon as the 2023 ED-04 hole, which previously yielded 32 meters of 3.98 g/t Au. New geological mapping has identified previously unrecognized surface alteration zones extending across the property.

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has successfully closed the final tranche of its non-brokered private placement, raising gross proceeds of $1,466,500. The offering was over-subscribed, demonstrating strong investor interest. The company issued 18,331,250 units at $0.08 per unit, with each unit comprising one common share and one share purchase warrant. The warrants are exercisable at $0.12 until October 9, 2027.

In connection with the closing, Provenance paid $12,810 and issued 160,125 warrants to arms-length brokerage firms. Securities issued are subject to resale restrictions until February 10, 2025. CEO Rauno Perttu emphasized the importance of aligning with strategic investors to advance the company's gold exploration projects in stable jurisdictions.

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has provided an update on its ongoing core drilling program at the Eldorado project in Eastern Oregon. The first core hole, EC-01, has reached a depth of 207m and has encountered highly altered and mineralized granodiorite with visible gold at multiple horizons (30m, 108m, and 158m). This confirms that gold mineralization extends deeper than previously recognized, potentially beyond 120 meters.

Key findings from EC-01 include:

• The high-grade portion of the gold system is not to a breccia zone
• Mineralization extends deeper than previously thought
• The core is not strongly silicified, suggesting a late-stage or separate lower temperature mineralizing event

The company expects to close the second tranche of its private placement, which is reportedly over-subscribed, around October 4th, 2024.