PROVENANCE GOLD CORP - PVGDF STOCK NEWS

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.

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has released findings from its recent IP survey at the Eldorado property, conducted by KLM Geoscience The survey identified fault structures believed to control gold mineralization and revealed several new exploration targets. A local wildfire exposed new outcrops and alteration zones, leading to the discovery of new step-out mineralization zones, expanding the known mineralized footprint.

The IP survey highlighted six areas of interest, including strong shallow chargeability anomalies and weak layered chargeability underlying high-grade gold zones. The company has initiated a core drilling program, coordinating with the IP survey results and precise surface geological mapping to maximize outcomes. Provenance Gold expects an exciting year of further advancement at the Eldorado property.

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.