Provenance Gold Completes Drone-Based Airborne Magnetic Survey at the Eldorado Project
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has completed a drone-based airborne magnetic survey at its Eldorado property in Eastern Oregon. The survey aims to define drill targets by leveraging the correlation between highly mineralized drill holes and reduced magnetic signatures in the diorite.
The company is preparing to commence its 2025 RC drill program with Boart Longyear as the contractor. This follows successful 2024 drilling results, including:
- Hole EC-01: 2.01 g/t Au over 288.34m from surface, including 3.07 g/t Au over 175.26m
- Hole EC-02: 156 meters at 0.501 g/t gold, including 32 meters of 0.94 g/t gold
- Hole EC-03: 154 meters of 0.8 g/t gold, including sections of 3.02 g/t and 2.57 g/t gold
Paragon Geochemical has been secured for assaying to expedite turnaround times. The company plans to expand exploration beyond the currently examined small area of the property in 2025.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) ha completato un'indagine magnetica aerea basata su droni presso la sua proprietà di Eldorado nell'Oregon orientale. L'indagine mira a definire i target di perforazione sfruttando la correlazione tra fori di perforazione altamente mineralizzati e firme magnetiche ridotte nel diorite.
L'azienda si sta preparando a iniziare il suo programma di perforazione RC 2025 con Boart Longyear come appaltatore. Questo segue i risultati di perforazione di successo del 2024, tra cui:
- Foro EC-01: 2,01 g/t Au su 288,34 m dalla superficie, inclusi 3,07 g/t Au su 175,26 m
- Foro EC-02: 156 metri a 0,501 g/t oro, inclusi 32 metri di 0,94 g/t oro
- Foro EC-03: 154 metri di 0,8 g/t oro, inclusi sezioni di 3,02 g/t e 2,57 g/t oro
Paragon Geochemical è stata incaricata per le analisi al fine di accelerare i tempi di risposta. L'azienda prevede di espandere l'esplorazione oltre l'area attualmente esaminata della proprietà nel 2025.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) ha completado una encuesta magnética aérea basada en drones en su propiedad de Eldorado en el este de Oregón. La encuesta tiene como objetivo definir los objetivos de perforación aprovechando la correlación entre los agujeros de perforación altamente mineralizados y las firmas magnéticas reducidas en el diorita.
La empresa se está preparando para comenzar su programa de perforación RC 2025 con Boart Longyear como contratista. Esto sigue a los exitosos resultados de perforación de 2024, que incluyen:
- Agujero EC-01: 2,01 g/t Au sobre 288,34 m desde la superficie, incluyendo 3,07 g/t Au sobre 175,26 m
- Agujero EC-02: 156 metros a 0,501 g/t de oro, incluyendo 32 metros de 0,94 g/t de oro
- Agujero EC-03: 154 metros de 0,8 g/t de oro, incluyendo secciones de 3,02 g/t y 2,57 g/t de oro
Paragon Geochemical ha sido asegurada para el análisis con el fin de acelerar los tiempos de respuesta. La empresa planea expandir la exploración más allá del área actualmente examinada de la propiedad en 2025.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF)는 오리건주 동부의 Eldorado 부지에서 드론 기반 공중 자기 조사를 완료했습니다. 이 조사는 고도로 광물화된 시추 구멍과 디오라이트의 감소된 자기 신호 간의 상관관계를 활용하여 시추 목표를 정의하는 것을 목표로 합니다.
회사는 Boart Longyear를 계약자로 하여 2025 RC 시추 프로그램을 시작할 준비를 하고 있습니다. 이는 2024년의 성공적인 시추 결과에 이어지는 것입니다. 결과는 다음과 같습니다:
- 구멍 EC-01: 표면에서 288.34m 동안 2.01 g/t Au, 175.26m 동안 3.07 g/t Au 포함
- 구멍 EC-02: 0.501 g/t 금으로 156미터, 0.94 g/t 금의 32미터 포함
- 구멍 EC-03: 0.8 g/t 금으로 154미터, 3.02 g/t 및 2.57 g/t 금 섹션 포함
Paragon Geochemical이 분석을 위해 확보되어 처리 시간을 단축할 예정입니다. 회사는 2025년에 현재 조사 중인 작은 지역을 넘어 탐사를 확대할 계획입니다.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) a terminé une enquête magnétique aérienne par drone sur sa propriété d'Eldorado dans l'est de l'Oregon. L'enquête vise à définir des cibles de forage en tirant parti de la corrélation entre des trous de forage hautement minéralisés et des signatures magnétiques réduites dans le diorite.
L'entreprise se prépare à commencer son programme de forage RC 2025 avec Boart Longyear en tant qu'entrepreneur. Cela fait suite à des résultats de forage réussis en 2024, y compris :
- Trou EC-01 : 2,01 g/t Au sur 288,34 m depuis la surface, incluant 3,07 g/t Au sur 175,26 m
- Trou EC-02 : 156 mètres à 0,501 g/t d'or, incluant 32 mètres de 0,94 g/t d'or
- Trou EC-03 : 154 mètres de 0,8 g/t d'or, incluant des sections de 3,02 g/t et 2,57 g/t d'or
Paragon Geochemical a été retenue pour l'analyse afin d'accélérer les délais de réponse. L'entreprise prévoit d'élargir l'exploration au-delà de la petite zone actuellement examinée de la propriété en 2025.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) hat eine drohnenbasierte magnetische Luftuntersuchung auf seinem Eldorado-Grundstück im Osten Oregons abgeschlossen. Die Untersuchung zielt darauf ab, Bohrziele zu definieren, indem die Korrelation zwischen hochgradig mineralisierten Bohrlöchern und reduzierten magnetischen Signaturen im Diorit genutzt wird.
Das Unternehmen bereitet sich darauf vor, sein RC-Bohrprogramm 2025 mit Boart Longyear als Auftragnehmer zu starten. Dies folgt auf die erfolgreichen Bohrergebnisse von 2024, einschließlich:
- Bohrloch EC-01: 2,01 g/t Au über 288,34 m von der Oberfläche, einschließlich 3,07 g/t Au über 175,26 m
- Bohrloch EC-02: 156 Meter bei 0,501 g/t Gold, einschließlich 32 Meter von 0,94 g/t Gold
- Bohrloch EC-03: 154 Meter von 0,8 g/t Gold, einschließlich Abschnitten von 3,02 g/t und 2,57 g/t Gold
Paragon Geochemical wurde für die Analyse beauftragt, um die Durchlaufzeiten zu beschleunigen. Das Unternehmen plant, die Erkundung über das derzeit untersuchte kleine Gebiet des Grundstücks im Jahr 2025 hinaus auszudehnen.
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Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce that a drone-based airborne, high resolution, magnetic survey has been completed at its Eldorado property in Eastern Oregon.
The strong correlation between highly mineralized drill holes and reduced magnetic signatures in the diorite suggests that this high-resolution 3D magnetic survey will be a valuable tool to assist in accurately defining drill targets together with the IP survey and detailed mapping that was already completed this winter. It is important to note that only a small area of the property has been explored in detail to date, with the Company looking to increase the size and scope of the gold mineralization substantially in 2025.
The survey was conducted by Zonge International Inc. and was designed to further refine the understanding of mineralized structures at Eldorado and delineate additional property-wide exploration targets through detailed 3D modelling of the new magnetic data. Results are expected in the coming weeks and will be released when available.
2025 RC Drill Program
The initial 2025 RC drill program will be commencing in the next few weeks now that weather conditions at the site are more favorable. We are confident that Boart Longyear, as drill contractor, will bring experience and efficiencies to the 2025 program.
This program is a follow-up to our 2024 three-hole core drilling program which included the following results:
- Hole EC-01 returned 2.01 g/t Au over 288.34m from surface including 3.07 g/t Au over 175.26m (see press release dated December 9, 2024)
- Hole EC-02 intersected 156 meters that assayed 0.501 g/t gold including 32 meters of 0.94 g/t gold (see press release dated February 28, 2025)
- Hole EC-03 intersected 154 meters of 0.8 g/t gold, including 13.7 meters that assayed 3.02 g/t gold and 12.2 meters containing 2.57 g/t gold (see press release dated February 28, 2025)
The Company has also secured Paragon Geochemical to assay the upcoming drill holes in an effort to streamline the process from the site to the assay laboratory and expedite assay turnaround times which will help guide our initial drill program.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245389
FAQ
What were the key drilling results from Provenance Gold's (PVGDF) 2024 Eldorado project?
What new technology is PVGDF using at the Eldorado property in 2025?
When will Provenance Gold (PVGDF) begin its 2025 RC drill program?
How much of the Eldorado property has PVGDF explored so far?
What improvements has PVGDF made to its assaying process for 2025?
