Provenance Gold Commences 2025 Drilling Program at the Eldorado Project in Eastern Oregon
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has launched its 2025 phase 1 drilling program at the Eldorado project in Eastern Oregon. The campaign builds upon 241 historic drill holes and the company's previous 14 drill holes.
The program aims to expand an open-ended gold system discovered during 2023-2024 drilling, which revealed widespread gold mineralization starting at surface and extending beyond 200 meters in depth. The initial phase will utilize a Boart Longyear reverse-circulation (RC) drill rig and focus on expanding the mineralized zone intersected by drill holes ED-04, EC-02, and EC-03.
A second phase will incorporate a core drill rig. The company notes that historical drilling was relatively shallow, averaging 90-100 meters in depth, with most of the property remaining untested. The program is fully funded and represents the company's earliest commencement and largest exploration campaign to date.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) ha avviato il programma di perforazione fase 1 per il 2025 presso il progetto Eldorado nell'Oregon orientale. La campagna si basa su 241 fori storici e sui 14 fori precedenti eseguiti dalla società.
Il programma mira ad espandere un sistema aurifero aperto scoperto durante le perforazioni 2023-2024, che hanno rivelato una mineralizzazione diffusa dell'oro a partire dalla superficie e proseguendo oltre i 200 metri di profondità. La fase iniziale utilizzerà una perforatrice a circolazione inversa (RC) Boart Longyear e si concentrerà sull'espansione della zona mineralizzata intercettata dai fori ED-04, EC-02 e EC-03.
Una seconda fase prevede l'impiego di una perforatrice a carotaggio. La società sottolinea che le perforazioni storiche erano relativamente superficiali, con una profondità media di 90-100 metri, lasciando gran parte della proprietà ancora inesplorata. Il programma è completamente finanziato e rappresenta l'inizio più anticipato e la campagna di esplorazione più grande mai realizzata dall'azienda.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) ha iniciado su programa de perforación fase 1 para 2025 en el proyecto Eldorado en el este de Oregón. La campaña se basa en 241 perforaciones históricas y las 14 perforaciones anteriores realizadas por la compañía.
El programa tiene como objetivo expandir un sistema aurífero abierto descubierto durante las perforaciones 2023-2024, que revelaron una mineralización de oro generalizada desde la superficie y extendiéndose más allá de los 200 metros de profundidad. La fase inicial utilizará un equipo de perforación de circulación inversa (RC) Boart Longyear y se enfocará en expandir la zona mineralizada interceptada por los agujeros ED-04, EC-02 y EC-03.
Una segunda fase incorporará un equipo de perforación con núcleo. La compañía señala que las perforaciones históricas fueron relativamente superficiales, con una profundidad promedio de 90-100 metros, dejando la mayor parte de la propiedad sin explorar. El programa está completamente financiado y representa el inicio más temprano y la campaña de exploración más grande hasta la fecha para la compañía.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF)는 오리건 동부에 위치한 Eldorado 프로젝트에서 2025년 1단계 시추 프로그램을 시작했습니다. 이번 캠페인은 241개의 역사적 시추공과 회사가 이전에 완료한 14개의 시추공을 기반으로 합니다.
프로그램의 목표는 2023-2024년 시추에서 발견된 개방형 금 시스템을 확장하는 것으로, 표면에서 시작해 200미터 이상의 깊이까지 광범위한 금 광화가 확인되었습니다. 초기 단계에서는 Boart Longyear 역순환(RC) 시추기를 사용하여 ED-04, EC-02, EC-03 시추공에서 확인된 광화 구역 확장에 집중할 예정입니다.
두 번째 단계에서는 코어 시추기를 도입할 계획입니다. 회사는 과거 시추가 비교적 얕아 평균 깊이가 90-100미터였으며, 대부분의 부지는 아직 탐사되지 않았다고 밝혔습니다. 이 프로그램은 전액 자금 지원을 받았으며 회사 역사상 가장 빠른 착수와 가장 큰 탐사 캠페인입니다.
Provenance Gold Corp (CSE : PAU) (OTCQB : PVGDF) a lancé son programme de forage phase 1 pour 2025 sur le projet Eldorado dans l'est de l'Oregon. La campagne s'appuie sur 241 forages historiques et les 14 forages précédents réalisés par la société.
Le programme vise à étendre un système aurifère ouvert découvert lors des forages 2023-2024, qui ont révélé une minéralisation étendue de l'or à partir de la surface et s'étendant au-delà de 200 mètres de profondeur. La première phase utilisera un foreuse à circulation inverse (RC) Boart Longyear et se concentrera sur l'expansion de la zone minéralisée interceptée par les forages ED-04, EC-02 et EC-03.
Une seconde phase intégrera une foreuse à carotte. La société note que les forages historiques étaient relativement peu profonds, avec une profondeur moyenne de 90-100 mètres, laissant la majeure partie de la propriété non explorée. Le programme est entièrement financé et représente le démarrage le plus précoce ainsi que la plus grande campagne d'exploration jamais réalisée par la société.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) hat sein Bohrprogramm Phase 1 für 2025 am Eldorado-Projekt im Osten Oregons gestartet. Die Kampagne baut auf 241 historischen Bohrlöchern und den bisherigen 14 Bohrungen des Unternehmens auf.
Das Programm zielt darauf ab, ein offenes Goldsystem zu erweitern, das bei den Bohrungen 2023-2024 entdeckt wurde und eine weitverbreitete Goldmineralisierung von der Oberfläche bis in Tiefen von über 200 Metern zeigt. Die erste Phase wird eine Boart Longyear Reverse-Zirkulations-(RC-)Bohranlage einsetzen und sich auf die Erweiterung der mineralisierten Zone konzentrieren, die durch die Bohrlöcher ED-04, EC-02 und EC-03 durchteuft wurde.
In einer zweiten Phase wird eine Kernbohranlage zum Einsatz kommen. Das Unternehmen weist darauf hin, dass die historischen Bohrungen relativ flach waren, mit einer durchschnittlichen Tiefe von 90-100 Metern, wobei der Großteil des Grundstücks noch ungetestet ist. Das Programm ist vollständig finanziert und stellt den frühesten Beginn sowie die größte Erkundungskampagne des Unternehmens dar.
- Fully funded drilling program
- Discovery of significant gold mineralization from surface to +200m depth
- Large unexplored property potential with most areas still untested
- Building upon previous successful drilling results
- None.
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce the commencement of the 2025 phase 1 drilling program with the mobilization of an RC drill rig to the Eldorado project, located in Eastern Oregon. The staged drilling campaign will build on the foundation established by 241 historic drill holes and Provenance's 14 drill holes to date. This year's program will focus on expanding the open-ended gold system and gaining a deeper understanding of the mineralized structures of the area including significant step-outs.
Provenance's initial 2023 and 2024 drilling identified an area of significantly stronger mineralization than was previously recognized on the property. This newly identified area contains widespread gold mineralization that starts at surface and extends to more than 200 meters in depth and remains open to depth. This year's drilling campaign will aim to build upon the success of the 2023 and 2024 drilling programs by further defining the structure of the gold system and expanding its footprint across the property.
The initial drill holes for the first phase of the 2025 RC drilling will focus on expanding the mineralized zone intersected by Provenance's drill holes ED-04, EC-02, and EC-03. The first phase of the 2025 drilling campaign will utilize a Boart Longyear reverse-circulation (RC) drill rig and is fully funded. The second phase will introduce a core drill rig to complement the program's objectives. Provenance is confident that this year's drill program together with other exploration activities will continue to expand the footprint of the Eldorado gold mineralization.
"We are excited to be back at Eldorado for our earliest commencement and largest exploration campaign to date," said Rauno Perttu, Provenance's CEO. "At Eldorado, our drilling will look to expand the extent of known mineralization but also explore several key step-out target areas that are up to or more than a kilometer away from our EC-01 discovery hole. Not only was historical drilling very shallow, averaging 90-100 meters in depth, but most of the property still remains virtually untested. Because of our upcoming drilling and other activities, I believe 2025 will be a pivotal year for our Company."
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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FAQ
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