Provenance Gold Intercepts 1.55 g/t Gold Over 92.96m in Hole ED-26, Extending Strong, Pervasive Mineralization to the North

Rhea-AI Summary

Provenance Gold Corp. (OTCQB: PVGDF) has reported significant drilling results from its Eldorado gold project in eastern Oregon. Drill hole ED-26 intercepted notable gold mineralization of 1.55 g/t Au over 92.96m, including higher-grade sections of 2.39 g/t Au over 25.91m. The results demonstrate northward extension of the high-grade Zone 1 mineralization.

The findings support the company's structural model of shallow dipping mineralization sheets with good continuity between zones. The connection with ED-21 mineralization suggests a broad, cohesive system with growth potential north and east. Results are pending for holes ED-27 through ED-31, which will provide additional insights into the mineralized corridor's geometry and scale.

Positive

• Strong gold intercepts of 1.55 g/t Au over 92.96m, indicating significant mineralization
• Extension of high-grade Zone 1 mineralization northward, expanding growth potential
• Confirmation of geological model showing shallow dipping sheets with good continuity
• Evidence of broad, cohesive system with expansion potential north and east

Negative

• True widths of mineralized intervals are not yet known
• Additional drilling required to establish geometry and orientation of mineralized zones

Highlights

• 1.55 g/t Au over 92.96m, including 2.39 g/t Au over 25.91m and 0.60 g/t Au over 48.77 m including 11.61 g/t Au over 1.52m.

• Extended mineralization northward opening new growth potential for the high-grade zone

• Results are pending for holes ED-27 through ED-31

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to report strong results from its ongoing drilling program at the Eldorado gold project in eastern Oregon.

Drill hole ED-26 intersected wide, high-grade intervals of gold mineralization hosting in diorite, extending the known system northward and further linking mineralization to ED-21. These results reinforce the Company's evolving structural model, suggesting shallow dipping sheets of mineralization, with good continuity between zones (Table 1, Figure 1-2).

Importantly, the results demonstrate that the high-grade gold mineralization hosted in Zone 1 continues to push northward, opening new growth potential for the high-grade zone. The connection with ED-21 mineralization provides further evidence of a broad, cohesive system with substantial growth potential both to the north and to the east. Pending assays from ED-27 through ED-31 are expected to provide additional context on the geometry and scale of this expanding mineralized corridor (Figure 1-2).

Provenance's Chairman Rauno Perttu states "ED-26 is a significant hole. It not only delivered broad, consistent high-grade mineralization, but it also confirmed our geological interpretation that the gold system is dipping at a low angle and connecting across zones. The extension of mineralization north and its link with ED-21 underscores the scale and continuity we are uncovering. Each step-out continues to add significant mineralization and expand the footprint of this system, and with several holes still pending, we believe we are only beginning to reveal the true potential of our Eldorado property."

Table 1. 2025 RC Drill Holes Assay Results

2025 RC Drill Holes Assay Results
Hole		From	To	Length	Gold	Zone
		(m)	(m)	(m)	(g/t)
ED-26		1.52	50.29	48.77	0.6	Zone 1
	including	28.96	50.29	21.34	1.11
	including	36.58	38.10	1.52	11.61
	And	80.77	173.74	92.96	1.55
	including	94.49	120.40	25.91	2.39
	including	137.16	156.97	19.81	2.02
*All reported intervals in this news release are downhole core lengths. True widths of mineralized intervals are not known at this time. Geological modelling is ongoing, and additional drilling will be required to establish the geometry and orientation of the mineralized zones in order to determine true thicknesses.

 

Figure 1. Plan Map of the Tyee Area Drill Interception Locations 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/266947_49cd825d145a2a36_001full.jpg

Figure 2. Cross-section A to A', 012.5 +/- section on ED-26 looking northeast

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https://images.newsfilecorp.com/files/5654/266947_49cd825d145a2a36_002full.jpg

Sampling, Laboratory, and QAQC

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with industry best practices.

The RC drill chips were sampled at 1.5-meter intervals onsite. A rotation of certified standards, blanks, and field duplicates were inserted into the sample stream approximately every 30m. The Company QA/QC, as well as the laboratory inserted standards, blanks, and duplicates were monitored closely upon receiving assay certificates from the laboratory. No discrepancies were reported in the reference samples inserted. The Company will continue to monitor QA/QC procedures closely.

Provenance submitted samples for gold determination by PhotonAssay™ to fully accredited Paragon Geochemical in Reno, NV (ISO 17025:2017). PhotonAssay™ is a fast, accurate, non-destructive process to determine gold, silver and copper in geological and process samples. The technique uses gamma ray activation to induce nuclear transitions in the elements of interest, which leads to photon emissions with highly characteristic energies. After analysis, the entire assay charge is returned intact and can be submitted for subsequent analyses such as geochemistry, cyanidation, metallurgical testing, environmental testing, or retained for future verification.

RC Samples were split onsite and shipped to Paragon in Reno. Samples submitted to Paragon were processed whereby the entire sample is coarsely crushed to approximately 70% passing 2 mm mesh and subsequently riffle split leaving a ~500g charge. The large assay charge of approximately 500g is introduced to the instrument, improving representativeness of the sample, particularly for those samples which may exhibit coarse gold.

Qualified Person

The technical content disclosed in this press release was independently 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. For further information please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.

On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chairman

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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FAQ

What were the key gold intercepts in Provenance Gold's (PVGDF) hole ED-26 at Eldorado?

Hole ED-26 intercepted 1.55 g/t Au over 92.96m, including higher-grade sections of 2.39 g/t Au over 25.91m and 0.60 g/t Au over 48.77m with a notable intersection of 11.61 g/t Au over 1.52m.

How does the ED-26 drilling result impact Provenance Gold's Eldorado project?

The results extend the high-grade Zone 1 mineralization northward and confirm the geological model of shallow dipping mineralization sheets, demonstrating a broad, cohesive system with growth potential to the north and east.

What is the significance of PVGDF's connection between ED-26 and ED-21?

The connection between ED-26 and ED-21 mineralization provides evidence of a broad, cohesive mineral system, suggesting substantial growth potential and continuity across zones.

What quality control measures does Provenance Gold use for its drilling program?

Provenance implements QA/QC protocols including certified standards, blanks, and field duplicates every 30m, with samples analyzed using PhotonAssay™ technology at ISO-certified Paragon Geochemical in Reno.

What are the next steps in Provenance Gold's Eldorado drilling program?

Results are pending for holes ED-27 through ED-31, which will provide additional context on the geometry and scale of the expanding mineralized corridor.