Provenance Gold Stock Price, News & Analysis

Provenance Gold (CSE: PAU) (OTCQB: PVGDF) has provided an update on its 2025 drilling program at the Eldorado Project in Malheur County, Oregon. The company has completed the first two RC holes (ED 12-13) with samples at the Reno assay lab, while hole ED-14 is currently at 201 meters in mineralized rock.

The drilling program focuses on expanding known mineralization and improving structural interpretation, with step-outs of approximately 50 meters. The company has confirmed a correlation between gold mineralization and fracture density within the host diorite, with highly fractured zones corresponding to northeast- and north-south-trending structural corridors. Mineralization is primarily hosted in dioritic intrusive rocks, while meta-sedimentary units remain largely untested.

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has significantly expanded its Eldorado project in eastern Oregon by 4,529.25 acres through staking and an option agreement, bringing the total area to 5,670 acres. The expansion includes the acquisition of the Sunday Hill Property, which contains historical high-grade gold prospects. The Sunday Hill Mine historically reported near-surface gold averaging 23.15 g/t with a historical resource of 231,000 tons, while the nearby Randall Mine reportedly contains 207,000 tons at 8 g/t gold.

The company secured the Sunday Hill Project through an option agreement with Nevada Select Royalty for US$400,000 in staged payments from 2025 to 2030, including a 3% NSR royalty with a 1% buyback option for US$2 million. The expanded land package creates a district-scale opportunity in highly prospective geology.

Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has launched its 2025 phase 1 drilling program at the Eldorado project in Eastern Oregon. The campaign builds upon 241 historic drill holes and the company's previous 14 drill holes.

The program aims to expand an open-ended gold system discovered during 2023-2024 drilling, which revealed widespread gold mineralization starting at surface and extending beyond 200 meters in depth. The initial phase will utilize a Boart Longyear reverse-circulation (RC) drill rig and focus on expanding the mineralized zone intersected by drill holes ED-04, EC-02, and EC-03.

A second phase will incorporate a core drill rig. The company notes that historical drilling was relatively shallow, averaging 90-100 meters in depth, with most of the property remaining untested. The program is fully funded and represents the company's earliest commencement and largest exploration campaign to date.

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.