Provenance Gold Identifies New Targets at Eldorado and Confirms Mineralized Fault Structures
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) ha rilasciato i risultati del recente sondaggio IP effettuato nella proprietà Eldorado, condotto da KLM Geoscience. Il sondaggio ha identificato strutture di frattura ritenute responsabili della mineralizzazione aurifera e ha rivelato diverse nuove aree di esplorazione. Un incendio boschivo locale ha esposto nuovi affioramenti e zone di alterazione, portando alla scoperta di nuove zone di mineralizzazione, espandendo l'area mineralizzata conosciuta.
Il sondaggio IP ha evidenziato sei aree di interesse, tra cui forti anomalie di carica superficiale e deboli cariche sovrapposte a zone aurifere ad alta legge. L'azienda ha iniziato un programma di perforazione a carotaggio, coordinandosi con i risultati del sondaggio IP e una mappatura geologica di superficie precisa per massimizzare i risultati. Provenance Gold si aspetta un anno entusiasmante per ulteriori progressi nella proprietà Eldorado.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ha publicado los resultados de su reciente encuesta IP en la propiedad Eldorado, llevada a cabo por KLM Geoscience. La encuesta identificó estructuras de fallas que se cree controlan la mineralización de oro y reveló varios nuevos objetivos de exploración. Un incendio forestal local expuso nuevos afloramientos y zonas de alteración, lo que llevó al descubrimiento de nuevas zonas de mineralización, ampliando la huella mineralizada conocida.
La encuesta IP destacó seis áreas de interés, incluyendo fuertes anomalías de carga superficial y débiles cargas estratificadas subyacentes a zonas de oro de alta ley. La empresa ha iniciado un programa de perforación con núcleo, coordinándose con los resultados de la encuesta IP y un mapeo geológico de superficie preciso para maximizar los resultados. Provenance Gold espera un año emocionante de avances en la propiedad Eldorado.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF)는 KLM Geoscience가 수행한 Eldorado 부동산의 최근 IP 조사 결과를 발표했습니다. 이 조사는 금 광물화를 제어하는 것으로 여겨지는 단층 구조를 확인했습니다 및 여러 새로운 탐사 목표를 드러냈습니다. 지역 산불로 인해 새로운 노출 및 변형 구역이 드러났고, 새로운 단계의 광물화 구역이 발견되었습니다, 이미 알려진 광물화 범위를 확장했습니다.
IP 조사는 여섯 개의 관심 지역을 강조했습니다, 강한 얕은 전하감지 이상과 고품질 금 구역 하부의 약한 층상 전하감지 이상을 포함합니다. 이 회사는 결과를 극대화하기 위해 IP 조사 결과와 정밀한 표면 지질 지도를 조정하여 코어 시추 프로그램을 시작했습니다. Provenance Gold는 Eldorado 부동산에서의 추가 발전이 기대되는 흥미로운 한 해가 될 것으로 예상하고 있습니다.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) a publié les résultats de sa récente enquête IP sur la propriété d'Eldorado, réalisée par KLM Geoscience. L'enquête a identifié des structures de faille considérées comme responsables de la minéralisation de l'or et a révélé plusieurs nouveaux cibles d'exploration. Un incendie de forêt local a exposé de nouveaux affleurements et zones d'altération, menant à la découverte de nouvelles zones de minéralisation supplémentaire, élargissant l'empreinte minéralisée connue.
L'enquête IP a mis en évidence six zones d'intérêt, incluant de fortes anomalies de charge superficielle et de faibles anomalies de charge stratifiées sous-jacentes à des zones d'or de haute teneur. L'entreprise a initié un programme de forage de carottes, coordonnant les résultats de l'enquête IP et une cartographie géologique de surface précise pour maximiser les résultats. Provenance Gold s'attend à une année passionnante d'avancées supplémentaires sur la propriété d'Eldorado.
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) hat die Ergebnisse seiner jüngsten IP-Umfrage auf dem Eldorado-Gelände veröffentlicht, die von KLM Geoscience durchgeführt wurde. Die Umfrage identifizierte Fehlerstrukturen, von denen angenommen wird, dass sie die Goldmineralisierung kontrollieren und enthüllte mehrere neue Explorationsziele. Ein lokales Waldfeuer legte neue Aufschlüsse und Alterationszonen frei, was zur Entdeckung neuer Mineralisierungszonen außerhalb des bekannten Bereichs führte.
Die IP-Umfrage hob sechs Interessensgebiete hervor, darunter starke flache Ladeanomalien und schwache geschichtete Ladeanomalien unter hochwertigen Goldzonen. Das Unternehmen hat ein Kernbohrprogramm begonnen, das mit den Ergebnissen der IP-Umfrage und präzisen geologischen Karten der Oberfläche koordiniert ist, um die Ergebnisse zu maximieren. Provenance Gold erwartet ein aufregendes Jahr mit weiteren Fortschritten des Eldorado-Geländes.
- IP survey identified fault structures controlling gold mineralization
- Discovery of new step-out mineralization zones, expanding known mineralized area
- Six new areas of interest identified for exploration
- Core drilling program initiated, coordinating with IP survey results
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to release findings on its recently competed IP survey completed at the Eldorado property by KLM Geoscience LLC with the final report furnished by James L. Wright, M.Sc. The survey helped to locate and confirm fault structures that are believed to be important in controlling the gold mineralization on the property and identify several new targets for future exploration.
In addition, a local, large wildfire burned off the sagebrush and exposed new outcrops and alteration zones which were subsequently mapped resulting in the discovery of several new impressive step-out zones of mineralization thereby further expanding the already extensive mineralized footprint.
Mapping Highlights
Our newly recognized step-out zones of mineralization extend the recognized mineralization well beyond the area covered by both our drilling and historic drilling. The wildfire also exposed additional areas of historic placer mining activity, and two previously unseen historic prospect pits dug into strongly altered bedrock, all outside the historic drilling.
Figure 1 - Newly confirmed mineralized zone that is several hundred yards away but projects into last year's RC-04 that ended in 32 meters of 3.982 g/t gold.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/223081_fe2d756064a379b3_001full.jpg
Figure 2 - A new historical prospect discovered after the wildfire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/223081_fe2d756064a379b3_002full.jpg
IP Highlights
Results of the IP survey identified six (6) areas of interest (Figure 3).
- Area 1: The extreme north end of Line 0: This is a strong, shallow chargeability anomaly proximal to a structure and located in a drainage.
- Areas 2 and 3: These are the extreme south ends of Lines 400E and 600E where the possible source rock for the chargeable zone appears to be quite shallow.
- Areas 4 and 5: These are weak, layered chargeability underlying two of the high-grade gold zones.
- Area 6: Segment of the east bounding structure proximal to a high-grade gold zone and an area of structural complexity.
Areas 1, 2 and 3 warrant a ground examination and follow-up soil sampling and/or trenching. The Line 600E IP sections will be utilised during the current core drilling campaign in Areas 4 and 5 to determine the relationship of the weak chargeability anomalies with gold. Possible drill testing of Area 6 will be considered with the holes to be angled to the southwest to traverse the bounding structure and extend into the chargeability zone.
Figure 3 - Target Summary, Line 600E Chargeability Section over Topography
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/223081_provenancefig3.jpg
Please click here for a full report of our IP survey:
https://www.provenancegold.com/assets/PAU_Eldorado_IP-Survey.pdf
2024 Exploration Update
Our core drilling program is currently underway, and we plan to coordinate it with the IP survey and with more precise surface geological mapping and sampling to maximize results. Updates from this program will be provided in the coming weeks.
Rauno Perttu further states, "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 to the north and a large area to the west identified by our recent IP survey. Our core drilling program is off to a great start and updates from this program will be furnished in the next few weeks. The Company is very encouraged and expects an exciting year of further advancement at the Eldorado."
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: https://x.com/ProvenanceGold.
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/223081
FAQ
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