Provenance Gold Completes First Infill and Step-Out RC Drill Holes at Eldorado
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 (CSE: PAU) (OTCQB: PVGDF) ha fornito un aggiornamento sul programma di perforazione 2025 presso il Progetto Eldorado nella contea di Malheur, Oregon. L'azienda ha completato i primi due fori RC (ED 12-13) con campioni inviati al laboratorio di analisi di Reno, mentre il foro ED-14 ha raggiunto attualmente i 201 metri in roccia mineralizzata.
Il programma di perforazione mira ad espandere la mineralizzazione nota e a migliorare l'interpretazione strutturale, con estensioni di circa 50 metri. L'azienda ha confermato una correlazione tra la mineralizzazione aurifera e la densità delle fratture nella diorite ospitante, con zone altamente fratturate che corrispondono a corridoi strutturali orientati a nord-est e nord-sud. La mineralizzazione è principalmente ospitata in rocce intrusive dioritiche, mentre le unità meta-sedimentarie rimangono in gran parte inesplorate.
Provenance Gold (CSE: PAU) (OTCQB: PVGDF) ha proporcionado una actualización sobre su programa de perforación 2025 en el Proyecto Eldorado en el condado de Malheur, Oregón. La compañía ha completado los primeros dos pozos RC (ED 12-13) con muestras enviadas al laboratorio de análisis en Reno, mientras que el pozo ED-14 actualmente alcanza los 201 metros en roca mineralizada.
El programa de perforación se centra en expandir la mineralización conocida y mejorar la interpretación estructural, con extensiones de aproximadamente 50 metros. La compañía ha confirmado una correlación entre la mineralización de oro y la densidad de fracturas dentro de la diorita huésped, con zonas muy fracturadas que corresponden a corredores estructurales orientados al noreste y norte-sur. La mineralización se encuentra principalmente en rocas intrusivas dioríticas, mientras que las unidades meta-sedimentarias permanecen en gran medida sin explorar.
Provenance Gold (CSE: PAU) (OTCQB: PVGDF)는 오리건주 말휴어 카운티에 위치한 Eldorado 프로젝트의 2025년 시추 프로그램에 대한 업데이트를 제공했습니다. 회사는 첫 두 개의 RC 시추공(ED 12-13)을 완료했으며 샘플은 리노 분석 실험실로 보내졌고, ED-14 시추공은 현재 광물화된 암석에서 201미터에 도달했습니다.
이번 시추 프로그램은 알려진 광물화를 확장하고 구조 해석을 개선하는 데 초점을 맞추고 있으며, 약 50미터 간격으로 확장 시추를 진행하고 있습니다. 회사는 금 광물화와 모암인 디오라이트 내의 단층 밀도 사이에 상관관계가 있음을 확인했으며, 매우 단층이 많은 구간은 북동-남서 및 북-남 방향의 구조적 복도와 일치합니다. 광물화는 주로 디오라이트 관입암에 분포하며, 변성 퇴적암 단위는 대부분 아직 테스트되지 않았습니다.
Provenance Gold (CSE : PAU) (OTCQB : PVGDF) a fourni une mise à jour sur son programme de forage 2025 au projet Eldorado dans le comté de Malheur, Oregon. La société a terminé les deux premiers trous RC (ED 12-13) avec des échantillons envoyés au laboratoire d'analyse de Reno, tandis que le trou ED-14 a atteint actuellement 201 mètres dans une roche minéralisée.
Le programme de forage vise à étendre la minéralisation connue et à améliorer l'interprétation structurale, avec des extensions d'environ 50 mètres. La société a confirmé une corrélation entre la minéralisation aurifère et la densité des fractures dans la diorite encaissante, les zones fortement fracturées correspondant à des corridors structuraux orientés nord-est et nord-sud. La minéralisation est principalement hébergée dans des roches intrusives dioritiques, tandis que les unités métasédimentaires restent largement inexplorées.
Provenance Gold (CSE: PAU) (OTCQB: PVGDF) hat ein Update zu seinem Bohrprogramm 2025 beim Eldorado-Projekt im Malheur County, Oregon, veröffentlicht. Das Unternehmen hat die ersten beiden RC-Bohrlöcher (ED 12-13) abgeschlossen, deren Proben im Labor in Reno analysiert werden, während das Bohrloch ED-14 derzeit 201 Meter in mineralisiertem Gestein erreicht hat.
Das Bohrprogramm konzentriert sich auf die Erweiterung der bekannten Mineralisierung und die Verbesserung der strukturellen Interpretation mit Schrittweiten von etwa 50 Metern. Das Unternehmen hat eine Korrelation zwischen Goldmineralisierung und der Dichte von Frakturen im Wirtsdiorit bestätigt, wobei stark zerklüftete Zonen mit strukturellen Korridoren in Nordost- und Nord-Süd-Richtung übereinstimmen. Die Mineralisierung ist hauptsächlich in dioritischen Intrusivgesteinen vorhanden, während meta-sedimentäre Einheiten weitgehend ungetestet bleiben.
- Drilling program progressing with first two RC holes completed and third hole in mineralized rock
- Confirmed correlation between gold mineralization and fracture density in host diorite
- Identified untested exploration targets in meta-sedimentary units with potential for high-grade gold deposition
- Assay results not yet available from completed drill holes
- Large portions of potentially mineralized areas remain untested
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to provide an update on its ongoing 2025 drilling program at the Eldorado Project, located in Malheur County, eastern Oregon. The initial phase of the program is focused on targeted infill and step-out reverse circulation (RC) drilling within the established mineralized system, with the objective of enhancing geological understanding and expanding the project's resource potential.
2025 Phase One RC Program Update
The first 2 RC holes (ED 12-13) have been completed, and samples are currently at the assay lab in Reno for processing. Hole ED-14 is currently drilled to 201 meters in mineralized rock. Results will be released when available.
The Company's initial RC drill holes are focused on expanding the known mineralization and improving the interpretation of key structures within the mineralized system (Figure 1-3). RC drilling is being used to test down-dip and lateral extensions of the mineralized structures, with step-outs of approximately 50 meters designed to evaluate both continuity and expansion potential.
This season's RC drilling, commencing with hole ED-12, follows up on the 2023 RC drilling program that drilled holes ED-01 to ED-11 and holes EC-01, EC-02 and EC-03 that were core holes drilled in the fall of 2024.
- ED-12: Designed to better define the structural orientation intersected in ED-04 and EC-03, this hole targets a position approximately 40 meters down-dip of previous drilling. Preliminary logging indicates a change in grain size within the diorite and a notable increase in pyrite concentration near the projected location of the targeted structure.
- ED-13: Based on encouraging visual results from ED-12, this hole is a planned 50-meter lateral step-out designed to test the extension potential of Zone 2.
- ED-14: Aimed at evaluating the northwest extension and assessing grade continuity along an interpreted structural trend identified during prior drilling.
RC drilling will continue with ED-15 designed to test the continuity between two key high-grade zones intersected by EC-01 and ED-04 followed by additional step out drilling.
Building on the success of the 2024 core drilling campaign, Provenance has confirmed a strong correlation between gold mineralization and fracture density within the host diorite. Zones of increased fracturing have enabled greater fluid flow, resulting in more intense retrograde alteration accompanied by higher concentrations of pyrite and gold. These highly fractured zones correspond with dominant northeast- and north-south-trending structural corridors—a structural framework further validated by recent high-resolution drone magnetic inversion data.
Mineralization at Eldorado is predominantly hosted in dioritic intrusive rocks, while flanking meta-sedimentary units, including graphite-bearing schists, remain largely untested. These units represent compelling exploration targets based on analogous systems in the region—including areas within Eldorado East—where similar lithologies have been shown to facilitate high-grade gold deposition.
Figure 1. Regional Plan Map of Drilling Area.
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Figure 2. Detailed Plan Map of RC holes.
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Figure 3. Cross Section showing targets.
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Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jo Price, P.Geo., M.Sc., a Qualified Person as defined under National Instrument 43-101.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, USA.
Provenance is also active on social media and invites investors to follow us on X to stay up to date with our latest news and developments:
For further information, please visit the Company's website at https://provenancegold.com or contact:
Rauno Perttu, CEO
rkperttu@provenancegold.com
1-541-930-0986
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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