Provenance Gold Commences IP Survey at Eldorado to Guide Core Drilling and Future Gold Exploration
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 Corp. (CSE: PAU) (OTCQB: PVGDF) ha avviato un'indagine di Polarizzazione Indotta (IP) presso il suo Progetto Oro Eldorado nell'Oregon orientale. L'indagine, condotta da KLM Geoscience, mira a individuare le strutture di frattura importanti per la mineralizzazione dell'oro e identificare aree di mineralizzazione più intensa. Si prevede che si concluda all'inizio di agosto e guiderà il programma di perforazione di base pianificato.
Il presidente Rauno Perttu ha sottolineato l'obiettivo dell'azienda di espandere il sistema aurifero conosciuto e dimostrarne una maggiore profondità. L'indagine IP sarà coordinata con la mappatura geologica superficiale e il campionamento, concentrandosi su aree inesplorate con forti anomalie d'oro superficiali e segni storici di estrazione mineraria alluvionale.
A causa degli incendi boschivi e di altri fattori, la mobilitazione dei trapani precedentemente annunciata è stata riprogrammata per la settimana del 29 luglio 2024. Provenance Gold Corp. fornirà un aggiornamento non appena inizieranno le perforazioni.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ha iniciado una encuesta de Polarización Inducida (IP) en su Proyecto de Oro Eldorado en el este de Oregón. La encuesta, realizada por KLM Geoscience, tiene como objetivo localizar estructuras de fallas importantes para la mineralización de oro e identificar áreas de mineralización más fuerte. Se espera que concluya a principios de agosto y guiará el programa de perforación de núcleos planificado.
El presidente Rauno Perttu enfatizó el objetivo de la empresa de expandir el sistema de oro conocido y demostrar su mayor profundidad. La encuesta IP se coordinará con la cartografía geológica superficial y el muestreo, enfocándose en áreas inexploradas con fuertes anomalías de oro en la superficie y signos históricos de minería aluvial.
Debido a incendios forestales y otros factores, la movilización del taladro previamente anunciada se ha reprogramado para la semana del 29 de julio de 2024. Provenance Gold Corp. emitirá una actualización una vez que comiencen las perforaciones.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF)는 동부 오리건에 있는 엘도라도 골드 프로젝트에서 유도 극성을 조사(IP)하기 시작했습니다. KLM 지구과학이 실시하는 이번 조사는 금 광물화에 중요한 단층 구조를 찾고 강한 광물화 구역을 식별하는 것이 목적입니다. 8월 초에 종료될 예정이며, 계획된 핵심 시추 프로그램에 대한 지침이 될 것입니다.
회장 Rauno Perttu는 회사의 목표가 알려진 금 시스템을 확장하고 그 깊이를 더 입증하는 것이라고 강조했습니다. IP 조사는 지표 지질 매핑 및 샘플링과 조정되어, 강한 지표 금 이상치와 역사적인 훙락 광산의 흔적이 있는 미탐사 지역에 초점을 맞출 것입니다.
산불 및 기타 요인으로 인해 이전에 발표된 시추 이동이 2024년 7월 29일 주로 재조정되었습니다. Provenance Gold Corp.는 시추가 시작되면 업데이트를 발표할 것입니다.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) a lancé une enquête de Polarisation Induite (IP) sur son projet Eldorado Gold dans l'Est de l'Oregon. L'enquête, réalisée par KLM Geoscience, vise à localiser des structures de failles importantes pour la minéralisation de l'or et à identifier des zones de minéralisation plus forte. Prévue pour se terminer début août, l'enquête orientera le programme de forage prévu.
Le président Rauno Perttu a souligné l'objectif de l'entreprise d'élargir le système d'or connu et de démontrer sa plus grande profondeur. L'enquête IP sera coordonnée avec la cartographie géologique de surface et l'échantillonnage, en se concentrant sur des zones inexplorées avec de fortes anomalies d'or en surface et des signes historiques d'exploitation alluviale.
En raison des incendies de forêt et d'autres facteurs, la mobilisation de forage précédemment annoncée a été reprogrammée pour la semaine du 29 juillet 2024. Provenance Gold Corp. publiera une mise à jour dès que les forages commenceront.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) hat eine Untersuchung zur Induzierten Polarisation (IP) in ihrem Eldorado-Goldprojekt im östlichen Oregon gestartet. Die von KLM Geoscience durchgeführte Umfrage soll Störungsstrukturen lokalisieren, die für die Goldmineralisierung wichtig sind, und Bereiche mit stärkeren Mineralisierungen identifizieren. Es wird erwartet, dass die Umfrage Anfang August abgeschlossen wird und das geplante Kernbohrprogramm leiten wird.
Der Vorsitzende Rauno Perttu betonte das Ziel des Unternehmens, das bekannte Goldsystem zu erweitern und dessen größere Tiefe nachzuweisen. Die IP-Untersuchung wird mit der geologischen Oberflächenvermessung und Probenahme koordiniert, wobei der Fokus auf unerforschten Gebieten mit starken Oberflächen-Goldanomalien und historischen Spuren von Placerbergbau liegt.
Aufgrund von Waldbränden und anderen Faktoren wurde die zuvor angekündigte Bohrmobilisierung auf die Woche des 29. Juli 2024 verschoben. Provenance Gold Corp. wird ein Update herausgeben, sobald die Bohrungen beginnen.
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Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce that it has commenced an Induced Polarization (IP) survey on its Eldorado Gold Project in Malheur County, Eastern Oregon. The IP survey (conducted by KLM Geoscience of Caliente, Nevada) will help locate fault structures that are believed to be important in controlling gold mineralization on the property. The IP will also be used to find areas that likely host stronger mineralization. The survey will coordinate with the planned core drilling program to ensure the core holes are located and oriented to maximize their value. The IP survey is expected to take approximately eight days to complete with results furnished to the Company in early August.
Rauno Perttu, Provenance's Chairman stated, "Our goal this year is to confirm key geological details of the property and to keep growing the gold system. We are working to demonstrate that the system is expansive much beyond exploration to date, and that it goes to a greater depth than previously recognized. We additionally plan to coordinate the IP survey and core drilling with more precise surface geological mapping and sampling. Unexplored parts of the property show extensive strong surface gold anomalies and signs of historic placer mining.
I believe the fact that most of the exploration to date is located where it is, is simply because erosion by water brought by ditches that were built by the historic placer miners created the main exposure of bedrock on the property, and that outcrop is strongly mineralized. That exposed mineralized outcrop attracted the attention of later geologists, who then drilled near the outcrop, rather than on some even stronger surface gold shows that are distant from the outcrop. We believe that this will be an exciting year of advancement for our Company."
Drilling Update
As per the Company's June 19th, 2024 news release, the drill rig was anticipated to mobilize July 9th, however due to various factors, including a large wildfire in the area that also delayed our IP program, drilling was rescheduled until the week of July 29th. The Company will issue a follow-up news release as soon as drilling has commenced.
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. For further information please visit the Company's website at https://provenancegold.com or contact Rauno Perttu, CEO, at email@provenancegold.com or 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217617
FAQ
What is the purpose of Provenance Gold's IP survey at the Eldorado Gold Project?
When is Provenance Gold (PVGDF) expected to receive the results of the IP survey?
Why has Provenance Gold (PVGDF) rescheduled its drilling program at Eldorado?
What are Provenance Gold's goals for the Eldorado Gold Project in 2024?
