Welcome to our dedicated page for Provenance Gold news (Ticker: PVGDF), a resource for investors and traders seeking the latest updates and insights on Provenance Gold stock.
Provenance Gold Corp. is a precious metals exploration company focused on gold and silver mineralization in North America. With interests in Nevada and eastern Oregon, the company recently completed a maiden 2023 reverse circulation drill program at the Eldorado Project, yielding promising results and confirming the presence of a porphyry gold system. The program aimed to verify historic drilling results, extend the known mineralized footprint, and explore deeper gold zones. Provenance's CEO, Rauno Perttu, emphasized the exceptional outcomes of the initial program and expressed confidence in the project's continual expansion through further exploration.
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.
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