Provenance Gold Stock Price, News & Analysis

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has commenced its 2024 core drilling program at the Eldorado property in eastern Oregon. The program plans up to 5 initial core drill holes totaling 1,000 meters or more, aiming to extend known mineralization and verify geological details. The first hole, EC-01, will be collared near previous high-grade intersections and is planned for 300 meters depth.

The company recently completed an Induced Polarization (IP) Survey to help locate fault structures controlling gold mineralization. Results from this survey are expected soon and will guide further drilling.

Highlights from the 2023 RC drill program include:

• Hole ED-03: 140.208 Meters of 1.15 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

Provenance's Chairman, Rauno Perttu, expressed excitement about the project's potential and the improving market for junior companies with exceptional projects.

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has initiated an Induced Polarization (IP) survey at its Eldorado Gold Project in Eastern Oregon. The survey, conducted by KLM Geoscience, aims to locate fault structures important for gold mineralization and identify areas of stronger mineralization. Expected to conclude in early August, the survey will guide the planned core drilling program.

Chairman Rauno Perttu emphasized the company's goal to expand the known gold system and demonstrate its greater depth. The IP survey will be coordinated with surface geological mapping and sampling, focusing on unexplored areas with strong surface gold anomalies and historic placer mining signs.

Due to wildfires and other factors, the previously announced drill mobilization has been rescheduled to the week of July 29th, 2024. Provenance Gold Corp. will issue an update once drilling commences.

Provenance Gold has completed its final payment of USD $125,000 to Gold Royalty Corp., securing 100% ownership of the White Rock Gold Property in Nevada. The total purchase price amounted to USD $250,000, and Gold Royalty Corp. retains a 2% net smelter royalty. This property includes 164 unpatented mineral claims over 1,327 hectares, hosting a large shallow gold system defined by historical and recent drilling.

The 2021 drilling program, which featured 35 drillholes, revealed significant gold mineralization. Notable results include intervals of 7.6m at 1.45 g/t Au, 29m at 0.636 g/t Au, and 53m at 0.197 g/t Au. The project shows potential for further expansion through additional drilling. Provenance's Chairman emphasized the property's exploration potential and its attractiveness for joint ventures. The company has also engaged Paradox Public Relations to enhance market awareness and investment relations through a 36-month agreement.

Provenance Gold Corp. (CSE: PAU, OTCQB: PVGDF) has closed the first tranche of its non-brokered private placement, raising $1,033,100. The company issued 12,913,750 units priced at $0.08 per unit, each comprising one common share and one warrant. The warrants allow the purchase of an additional share at $0.12 until June 28, 2027. Additionally, $28,861 and 360,763 warrants were paid to brokerage firms for assistance. CEO Rauno Perttu announced the start of a core drilling program at the Eldorado property in July, predicting that the new data could uncover deeper and higher-grade gold zones. The company plans to provide further updates on its exploration activities soon.

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) announced the mobilization of its first core drilling program at the Eldorado property, starting on July 9, 2024. The 5-hole, 1000-meter minimum program aims to drill deeper into the system and will take about five weeks. This follows the 2023 reverse-circulation drilling that confirmed historic results and identified a new high-grade gold zone.

The 2023 highlights include notable drill results such as 140.208 meters of 1.15 g/t gold and 114.3 meters of 3.085 g/t gold. Provenance plans a more extensive RC drilling program later in 2024. The company also announced an investor relations agreement with Paradox Public Relations and a private placement aiming to raise funds through the issuance of up to 15 million units priced at $0.08 per unit.

Provenance Gold Corp. announced a private placement to fund core drilling at the Eldorado gold property in Oregon. The property's extensive gold system has shown promising results, leading to an increase in size and the identification of a thick zone of higher-grade gold mineralization. The company plans to commence a core drilling program within sixty days to further explore the system's potential. Additionally, a non-brokered private placement of up to 15,000,000 units is underway, with each unit priced at $0.08. The closing of the placement is expected within two weeks.