CA Market News
2週前
Provenance Gold Advances Exploration Plans at Eldorado WestMay 26, 2026 5:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce a significant step forward in the advancement of its Eldorado West Gold Project in eastern Oregon (the "Project") with the submission to the Bureau of Land Management (BLM) of an Exploration Plan of Operations. The Company's exploration plan is designed to support expanded drilling and a more systematic evaluation of the mineralized footprint at the Project, including expanded in-fill drilling to further define the current mineralized footprint and allow for expansion of the known mineralization through extensive step-outs. Provenance CEO and President, Rob Clark, stated, "This marks another important step forward for the Company as we execute on key initiatives to systematically de-risk and advance this high-quality asset."Semi-Annual ReportingThe Company announces its intention to adopt semi-annual reporting ("SAR") pursuant to Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order") issued by the British Columbia Securities Commission on March 19, 2026.The Blanket Order allows eligible venture issuers listed on the Canadian Securities Exchange (the "CSE") to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.The Company's fiscal year ends on December 31. Under the SAR pilot program, the Company will no longer file interim financial statements and related management's discussion and analysis ("MD&A") for the three-month and nine-month periods ending March 31 and September 30, respectively. The initial interim period for which the Company will not file an interim financial report and related MD&A is the three-month period ended March 31, 2026.The Company will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports (due within 60 days of June 30).The Company confirms it meets the pilot program's eligibility criteria, which include, among other things, being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.The Company confirms that this news release is being filed pursuant to the Blanket Order.About Provenance GoldProvenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The Company is actively advancing the Project through systematic drilling, geological modeling, and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, USA. For further information, please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.On behalf of the Board,
Provenance Gold Corp.
Rob Clark, CEO1-236-201-4653Safe 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, including statements regarding advancing the discovery at the Project; increasing the mineralized footprint of the Project; timing and results of future testwork; the exploration program planned for 2026; plans to rely on the Blanket Order and adopt SAR; the release of the results from the core drilling program; and the Company's future plans and intentions. 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. Such factors include, among other things: risks related to uncertainties inherent in drill results; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this news release and 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/298785 Original: Provenance Gold Advances Exploration Plans at Eldorado West
CA Market News
1月前
Provenance Gold Intersects 1.10 g/t Gold over 139.14m from Surface, Including 2.68 g/t Gold over 24.90m and 1.99 g/t Gold over 10.03m at the Herman AreaMay 12, 2026 5:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce assay results from diamond drill hole EC-06 at its Eldorado West Project in Eastern Oregon (the "Project"). The new hole was a step-out of the recently discovered Herman Area mineralization, and intersected broad, pervasive intervals of strong gold mineralization from surface with wide higher-grade intervals internally. EC06 has expanded the mineralization to the southwest, extending the Herman gold zone, which remains open in all directions. EC-06 Highlights1.10 g/t Au over 139.14m including 2.68 g/t Au over 24.90m and 1.99 g/t Au over 10.03m with mineralization hosted in altered and brecciated diorite and metasediments*.Higher-grade shoots within broad mineralized envelopes: Additional internal zones (1.72 g/t Au over 9.14m and 1.99 g/t Au over 9.14m) reinforce the continuity of mineralization; the narrower high-grade interval (10.29 g/t Au over 0.61m) suggests localized high-grade structures or shoots.The hole ended in mineralization, assaying 0.58 g/t Au over 4.42 from 326m. Mineralization persisting beyond the main interval suggests vertical continuity.Diamond drill hole EC-06 was designed to follow up on results from holes EC-04, EC-05, ED-27, ED-28 and ED-29 (see press releases dated March 26, 2026, October 8, 2025, and November 5, 2025). The drilling confirmed that strong gold mineralization extends to the southwest within the Herman area. Intersections include broad zones of gold mineralization with higher-grade intervals, hosted within mineralized contact zones, structural features, and breccias along the interface between sedimentary host rocks and dioritic intrusions and ending in mineralization assaying 0.58 g/t Au over 4.42m (Figures 1-2; Table 1).Figure 1. Plan Map of the Herman Drill Locations To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/297005_figure1.jpgTable 1. 2025 Diamond Drill Holes Assay ResultsHoleEastingNorthingAzimuthDipFromToLengthGoldArea(m)(m)(m)(g/t)
EC-06
4421804918165240-451.68140.82139.141.10Herman
including
25.4550.3524.902.68
including
27.5833.535.946.15
And
40.6943.682.994.07
including
86.7295.869.141.72
And
103.81113.8410.031.99
including
128.02128.630.6110.29
And
152.40177.2424.840.52
And
256.95260.453.512.49
And
326.14330.564.420.58
*All reported intervals in this news release are downhole core lengths. True widths of mineralized intervals are not known at this time. Geological modelling is ongoing, and additional drilling will be required to establish the geometry and orientation of the mineralized zones in order to determine true thicknesses. There were no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data. Coordinates are provided in UTM WGS 84 Zone11.Figure 2. Cross Section Showing Herman Drill Hole Locations and Gold Assays.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/297005_figure2.jpgProvenance CEO and President, Rob Clark, stated, "We are delighted with this drill result. The Project continues to demonstrate both robust grades and significant scale, and we believe it remains in the early stages of growth. EC-06 materially supports a large, continuous mineralized system with internal grade variability, not just isolated high-grade hits. The combination of scale and embedded higher-grade zones is what gives this real development potential."Ongoing ExplorationCore and lithology logging along with processing is complete, with assays pending for holes EC-07 and EC-09 located in the Herman Area (Figure 1-2) and EC-08 located in the Tyee Area. Results will be released as they become available. In addition, metallurgical testing is ongoing, and a soil sampling program has been completed with results pending. The Company expects to share further updates in the coming days including plans for a maiden resource estimate for the Project among many other advancements. The Company carries a strong cash position heading into this summer's drill program.The Company also announces that Luke Schranz has resigned from his position as Vice President, Exploration (VPEx). The Company thanks Luke for his contributions and wishes him continued success in his future endeavors.As part of an evolution in its operational strategy, the Company is transitioning to a structure that incorporates dedicated external logistical coordination alongside a team of internal geologists, each overseeing areas of their highest expertise for optimal project advancement. Sampling, Laboratory, and QAQCOn receipt from the drill site, the HQ-sized drill core was systematically logged for geological attributes, photographed and sampled at Provenance's core logging facility. Sample lengths as small as 0.45 m were used to isolate features of interest, otherwise a default 1.52 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Once logged, the core was transported to ALS Global in Reno, Nevada, for cutting and assaying. ALS Global is independent of the Company. Once at ALS Global in Reno, the core was cut in half lengthwise along predetermined lines, with one-half (same half, consistently) collected for analysis and one-half stored as a record. ALS Global meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.Provenance submitted samples for gold determination by PhotonAssay™ and 34 element ICP. PhotonAssay™ is a fast, accurate, non-destructive process to determine gold, silver and copper in geological and process samples. The technique uses gamma ray activation to induce nuclear transitions in the elements of interest, which leads to photon emissions with highly characteristic energies. After analysis, the entire assay charge is returned intact and can be submitted for subsequent analyses such as geochemistry, cyanidation, metallurgical testing, environmental testing, or retained for future verification.The Company has implemented a quality assurance and quality control ("QA/QC") program to ensure sampling and analysis of all exploration work is conducted in accordance with industry best practices. A rotation of certified standards, blanks, and field duplicates were inserted into the sample stream approximately every 30m. The Company's QA/QC, as well as the laboratory inserted standards, blanks, and duplicates were monitored closely upon receiving assay certificates from the laboratory. No discrepancies were reported in the reference samples inserted. The Company will continue to monitor QA/QC procedures closely.Qualified PersonThe technical content disclosed in this press release was independently reviewed and approved by Jo Price, P.Geo., M.Sc., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101. Jo has verified the sampling data and analytical certificates underlying the scientific and technical information disclosed in this document.About Provenance GoldProvenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The Company is actively advancing the Project through systematic drilling, geological modeling, and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, USA. For further information, please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.On behalf of the Board,
Provenance Gold Corp.
Rob Clark, CEO1-236-201-4653Safe 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, including statements regarding potential grades and scale of the Project; advancing the discovery at the Project; increasing the mineralized footprint of the Project; timing and results of future testwork; the exploration program planned for 2026; the release of the results from the core drilling program and preparation of a maiden resource estimate for the Project; and the Company's future plans and intentions. 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. Such factors include, among other things: risks related to uncertainties inherent in drill results; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this news release and 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/297005 Original: Provenance Gold Intersects 1.10 g/t Gold over 139.14m from Surface, Including 2.68 g/t Gold over 24.90m and 1.99 g/t Gold over 10.03m at the Herman Area
CA Market News
3月前
Provenance Gold Intersects 2.18 g/t Gold over 83.82m including 18.19 g/t Gold over 1.68m and 39.61 g/t Gold over 0.91m At the Herman AreaMarch 26, 2026 4:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce assay results from the first two diamond drill holes in the Herman Area which form part of the Eldorado West Project in Eastern Oregon (the "Project"). The two new holes from the Herman Area tested the northern and southern strike extent, and intersected broad, pervasive intervals of strong gold mineralization from surface, expanding the mineralization to the north and south. Herman Area HighlightsEC-040.51 g/t over 20.12m and 2.18 g/t Au over 83.82m including 18.19 g/t Au over 1.68m and 39.61 g/t Au over 0.91m and 3.90 g/t Au over 11.13m including 22.62 g/t Au over 1.07m with mineralization hosted in altered and brecciated diorite and metasediments.The mineralized zone first identified in ED-27 and ED-28 is also present at lower depths in the hole, assaying 0.32 g/t Au over 9.60m and 0.37 g/t Au over 5.64m. This diorite-metasedimentary contact zone dips steeply to the east. EC-050.7 g/t Au over 46.48m including 1.97 g/t Au over 7.7m and 0.36 g/t Au over 46.48m and 1.82 g/t Au over 10.52m including 8.73 g/t Au over 1.52m and 0.4 g/t Au over 43.59m including 1.02 g/t Au over 8.23m hosted in altered and brecciated diorite and metasediments.A second mineralized contact zone returned assays of 0.26 g/t Au over 14.54m and 0.36 g/t Au over 14.48m. This diorite-metasedimentary contact zone remains steeply dipping and extends the open-ended mineralization for an additional 50m to the south. The drillhole also uncovered two additional mineralized zones assaying 0.48 g/t over 5.18m ending in mineralization with 0.51g/t Au over 4.42m at a depth of 305.87m.Diamond drill holes EC-04 and EC-05 followed up on drill hole results from ED-27 and ED-28 (see press release dated 8 October, 2025) and confirmed that strong gold mineralization continues to both the north and south in the Herman area, intersecting broad gold mineralization that includes higher-grade zones and is hosted in mineralized contact zones, structures, and breccias between the host sedimentary rocks and the various dioritic intrusions. (Figure 1-2, Table 1).Provenance CEO and President, Rob Clark, stated, "We continue to define a robust and broad target exhibiting multiple mineralized zones in the Herman Area that remain open in all directions. We are pleased with both the strong pervasive grades punctuated by high grade intervals in hole EC-04 and the wide intervals of strong mineralization in hole EC-05, which have the potential to substantially increase the mineralized footprint of the Eldorado property. We look forward to receiving further assays from the core drilling program, including holes EC-06, EC-07 and EC-09 extending to the southwest in the Herman area, and hole EC-08, drilled in an unexplored region of the Tyee Area. This project continues to deliver in terms of both grade and extent of mineralization, and we believe it is still in the early stages of growth."Figure 1. Plan Map of the Herman Drill LocationsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/290023_3bf084be748299bd_001full.jpgTable 1. 2025 Diamond Drill Holes Assay ResultsHoleEastingNorthingAzimuthDipFromToLengthGoldArea(m)(m)(m)(g/t)
EC-04
4421814918166290-554.2724.3820.120.51Herman
And
33.83117.6583.822.18
including
39.7848.929.144.24
including
47.2448.921.6818.19
including
53.9554.860.9139.61
including
67.6778.7911.133.90
including
68.8869.951.0722.62
and
75.7477.271.525.02
including
102.72104.241.5220.25
And
176.94186.549.600.32
And
231.19236.835.640.37
EC-05
4421814918166235-603.2049.6846.480.70Herman
including
39.3247.097.771.97
And
68.73115.2146.480.36
And
119.18129.6910.521.82
including
124.11125.271.528.73
And
135.03178.6143.590.40
including
145.39153.628.231.02
And
187.15201.6914.540.26
And
207.72222.2014.480.36
And
274.32279.505.180.48
And
301.45305.874.420.51
Figure 2. Cross Section Showing Herman Drill Hole Locations and Gold Assays.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5654/290023_3bf084be748299bd_002full.jpgOngoing ExplorationCore processing is ongoing for holes EC-06, EC-07 and EC-09 located in the Herman Area (Figure 1-2) and EC-08 located in the Tyee Area. Results will be released as they become available. In addition, metallurgical testing is ongoing, and a soil sampling program just commenced at Eldorado West which is due to be completed within two weeks. Further announcements will be made in the near future covering drilling and exploration programs for this year.Sampling, Laboratory, and QAQCOn receipt from the drill site, the HQ-sized drill core was systematically logged for geological attributes, photographed and sampled at Provenance's core logging facility. Sample lengths as small as 0.45 m were used to isolate features of interest, otherwise a default 1.52 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Once logged, the core was transported to ALS Global in Reno, Nevada, for cutting and assaying. ALS Global is independent of the Company. Once at ALS Global in Reno, the core was cut in half lengthwise along predetermined lines, with one-half (same half, consistently) collected for analysis and one-half stored as a record. ALS Global meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.Provenance submitted samples for gold determination by PhotonAssay™ and 34 element ICP. PhotonAssay™ is a fast, accurate, non-destructive process to determine gold, silver and copper in geological and process samples. The technique uses gamma ray activation to induce nuclear transitions in the elements of interest, which leads to photon emissions with highly characteristic energies. After analysis, the entire assay charge is returned intact and can be submitted for subsequent analyses such as geochemistry, cyanidation, metallurgical testing, environmental testing, or retained for future verification.The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with industry best practices. A rotation of certified standards, blanks, and field duplicates were inserted into the sample stream approximately every 30m. The Company QA/QC, as well as the laboratory inserted standards, blanks, and duplicates were monitored closely upon receiving assay certificates from the laboratory. No discrepancies were reported in the reference samples inserted. The Company will continue to monitor QA/QC procedures closely.Additional Technical InformationAll reported intervals in this news release are downhole core lengths. True widths of mineralized intervals are not known at this time. Geological modeling is ongoing, and additional drilling will be required to establish the geometry and orientation of the mineralized zones in order to determine true thicknesses. There were no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data. Coordinates are provided in UTM WGS 84 Zone11.Qualified PersonThe technical content disclosed in this press release was independently reviewed and approved by Jo Price, P.Geo., M.Sc., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101. Jo Price has verified the sampling data and analytical certificates underlying the scientific and technical information disclosed in this document.About Provenance GoldProvenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The Company is actively advancing the Project through systematic drilling, geological modeling, and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, USA. For further information, please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.On behalf of the Board,
Provenance Gold Corp.
Rob Clark, CEO1-236-201-4653Safe 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, including statements regarding advancing the discovery at the Project; increasing the mineralized footprint of the Project; timing and results of future testwork; the exploration program planned for 2026; the release of the results from the core drilling program; and the Company's future plans and intentions. 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. Such factors include, among other things: risks related to uncertainties inherent in drill results; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this news release and 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/290023
Original: Provenance Gold Intersects 2.18 g/t Gold over 83.82m including 18.19 g/t Gold over 1.68m and 39.61 g/t Gold over 0.91m At the Herman Area
CA Market News
3月前
Provenance Gold Initiates Metallurgical Testwork at the Eldorado ProjectFebruary 26, 2026 5:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce that a multi-phase metallurgical testing program has been initiated for its Eldorado Gold project in eastern Oregon (the "Project"), which will include both bottle roll and column tests. The objective of the first phase of the program is to evaluate the Project's amenability to heap leach extraction, including potential metal recoveries, leach kinetics, and reagent consumption across the property. The second phase of testwork will focus on assessing conventional extraction methods, including carbon-in-leach (CIL) and gravity-flotation processes.Phase 1 Metallurgical Testwork5 column tests covering composite, representative samples from the Tyee and the Herman Areas including the newly discovered mineralization between zones 1 to 4 in the Tyee Area as well as the mineralization extension in the Herman Area.20 simple bottle roll tests on the composites assembled from RC drilling to determine cyanide solubility of gold mineralization from a variety of geologic domains throughout the Project area.This metallurgical testwork will be used to verify results from historical bottle roll tests and Provenance's previous 2024 gravity and flotation tests completed by Dawson Metallurgical Testing Laboratories (see press release dated 7 February 2024). Previous results returned an overall average of 88.1% (77.9-97.1%) gold recovery of unoxidized sulfide samples, recovered by gravity concentration followed by bulk sulfide flotation of the gravity tailings, indicating that a high proportion of gold is liberated using standard methods. Kappes, Cassiday & Associates (KCA) out of Reno, Nevada will be performing the 2026 testwork. KCA specializes in all aspects of heap leaching, cyanide processing, laboratory testing, project feasibility studies, engineering design, construction, and operations management. Results from the initial bottle roll tests are expected by May 2026. KCA is independent of the Company. Leadership TransitionAs part of the Company's leadership succession planning, Rauno Perttu is retiring from his role as Chief Executive Officer of the Company. Rob Clark will assume the role as Chief Executive Officer and President, while Mr. Perttu will remain as Chairman of the Board. Mr. Perttu will remain active in assisting the Company moving forward.The Company also welcomes Etienne Gouin-Proulx as Director of the Company effective immediately. Mr. Gouin-Proulx is a Chartered Financial Analyst (CFA) and a Professional Engineer (P.Eng.) with experience in project evaluation, mergers and acquisitions, and public markets. Mr. Gouin-Proulx holds a Bachelor of Engineering from McGill University, specializing in Mining and Mineral Engineering. Qualified PersonThe technical content disclosed in this press release was independently reviewed and approved by Jo Price, P.Geo., M.Sc., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101.About Provenance GoldProvenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The Company is actively advancing the Project through systematic drilling, geological modeling, and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, USA. For further information, please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.On behalf of the Board,
Provenance Gold Corp.
Rob Clark, CEO1-236-201-4653Safe 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, including statements regarding advancing the discovery at the Project; timing and results of future testwork; the exploration program planned for 2026; the release of the results from the core drilling program; and the Company's future plans and intentions. 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. Such factors include, among other things: risks related to uncertainties inherent in drill results; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this news release and 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/285421
Original: Provenance Gold Initiates Metallurgical Testwork at the Eldorado Project
CA Market News
4月前
Provenance Gold Appoints Vice President of ExplorationFebruary 10, 2026 5:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce the appointment of Luke Schranz as Vice President of Exploration, effective immediately. Mr. Schranz will be responsible for the day-to-day operations, planning and overseeing all aspects of the Company's technical programs with a dedicated focus on elevating and advancing the discovery at Eldorado.Mr. Schranz has extensive leadership and on-the-ground experience working and managing drilling, geologic mapping, and prospecting programs in the western U.S. and globally. He holds a Bachelor of Science in Geology and Geological Engineering from the University of Wisconsin-Madison and a Master of Science in Geology from the University of Nevada in Reno. Mr. Schranz has worked on several large projects including roles as technical project manager at South32's Roosevelt Project, consultant for Kinross at the Kettle River-Curlew Project, senior geologist and director of technical services at Scout Discoveries Corp, and ore control geologist at Hecla Mining Company's Fire Creek Mine. Rob Clark, Provenance's President, comments, "We are thrilled to welcome Luke to Provenance. We are confident that Luke's leadership, focus and dedication will propel our exploration plans forward with meticulous thoroughness and maximum efficiency. With an aggressive exploration program planned for 2026, Luke's deep expertise in gold exploration and execution will be instrumental for our Company's advancement."Paramount Gold Grassy Mountain Gold Project Federal ApprovalProvenance would like to congratulate Paramount Gold on the recent signing of a Record of Decision (ROD) on January 29th by the Bureau of Land Management for their Grassy Mountain Project located to the south of Provenance's Eldorado project, both in Malheur County. The ROD for the Grassy Mountain Gold Project is the federal approval that completes the NEPA environmental review and allows the project to advance from permitting into a construction-ready, "shovel-ready" stage on federal lands, and paves the way for additional development of mining projects on federal lands in eastern Oregon.Core Assays The Company is awaiting assay results for six diamond core holes recently completed at Eldorado East. Core drilling focused primarily on the new discovery area at Herman (see Press Release dated November 5, 2025) as well as a previously unexplored area between zones 2 and 3 in the Tyee area. As of this date, assays remain pending for this core drilling program and will be released once received and reviewed. OptionsIn connection with this appointment, the Company has issued 1,250,000 options exercisable at $0.30 per share that vest 20% every six months and exercisable for four years. Qualified PersonThe technical content disclosed in this press release was independently reviewed and approved by Jo Price, P.Geo., M.Sc., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101.About Provenance GoldProvenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The Company is actively advancing the project through systematic drilling, geological modeling, and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, USA. For further information, please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chairman
1-541-930-0986Safe 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, including statements regarding advancing the discovery at Eldorado; the exploration program planned for 2026; the release of the results from the core drilling program; and the Company's future plans and intentions. 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. Such factors include, among other things: risks related to uncertainties inherent in drill results; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this news release and 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/283391
Original: Provenance Gold Appoints Vice President of Exploration
Omar8
1年前
News
https://www.provenancegold.com/latest
PROVENANCE GOLD SUBSTANTIALLY EXPANDS ITS ELDORADO FOOTPRINT CREATING A DISTRICT PLAY OPPORTUNITY AND ACQUIRES HISTORICAL HIGH-GRADE PROSPECTS WITHIN THE LAND PACKAGE
May 8, 2025 - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce a significant expansion of the land package at the Eldorado project in eastern Oregon through a combination of staking and an option agreement that increases the size of the package by 4529.25 acres (18.33 km2). The total area of the Eldorado package is now approximately 5670 acres (22.95 km2) and covers a district-scale land position in highly prospective geology.
Acquisition Highlights
The Company has been granted an option to acquire 100% of the Sunday Hill Property on the terms outlined below, through an option agreement encompassing 10 mineral claims covering 198.4 acres (0.80 km2) (Figure 1).
The historical Sunday Hill Mine located within the Sunday Hill Property, was drilled and re-evaluated by Capri Resources in the 1980’s. Capri reported a near-surface gold-bearing zone averaging 23.15 g/t gold with a historical resource of 231,000 tons. The zone was reported to be within 10.7 meters of the surface, 7.6 meters thick, widening to 18.3 meters at its deepest underground exposure, 61 meters down dip (Hogg, 1927). The gold horizon remains open in all directions (Castleon Summary Report., 1993)1.
Additionally, the historical Randall Mine which reportedly hosts another near-surface open-ended gold zone containing a historical resource of 207,000 tons at a grade of 8 g/t gold, is located 500 meters south of the Sunday Hill gold deposit (Report on the Sunday Hill and Adjacent Mines, Malheur County Oregon, F. Holcapek Professional Engineer, May, 1935). A historical surface soil map prepared by Capri shows a gold enriched soil zone that connects the Sunday Hill and Randall deposits and extends beyond the edge of the soil grid.
The above referenced resource estimates for mine sites on the Sunday Hill Property are considered historical in nature, are based on prior data prepared by a previous property owner, and do not conform to current CIM categories. While the Company considers the estimates to be reliable, a qualified person has not done sufficient work to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as a current resource. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates can be classified as current resources. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimate prepared for the Sunday Hill Property.
Capri reported that in 1926 “a weighted average for 21 samples of 5.75 g/t gold” was sampled across a 1189 by 152-meter area of altered diorite that is located proximal to the Sunday Hill and Randall Mines (PR by Capris Resource Ltd. April 4,1984).
Staked 285 Bureau of Land Management (BLM) mineral claims covering 4330.85 acres (17.53 km2) known as Eldorado East, approximately 5 km east of the core Eldorado property (Figure 1).
Staked 14 Bureau of Land Management (BLM) mineral claims covering 260 acres (1.05 km2) approximately 1 km northeast of the core Eldorado property (Figure 1).
Historical reports dating back as early as the 1920s and 1930s report numerous locations and zones of strong gold mineralization including projected bulk-tonnage mineralization across the new claims, extending far beyond Sunday Hill.
Historical geological studies reported that the historic mines and prospects across the new claim area hosted high-grade mineralization in strongly altered diorite, and also in the metasedimentary rocks adjacent to the diorite. Geologists and miners at the time were looking for high-grade underground deposits but described pervasively mineralized diorite over extensive areas.
The numerous historical mines, prospect pits and evidence of intense wide-spread historic placer mining across the expanse of this new acquisition area testify to the major potential of this new acquisition and solidify Provenance’s position as an early key player in this new district.
Omar8
1年前
Drill News....
Provenance Gold Commences 2025 Drilling Program at the Eldorado Project in Eastern Oregon
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:
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.
Omar8
1年前
Update
Provenance Gold Announces the Addition of Mackenzie Watson, a Canadian Mining Hall of Fame Inductee and Co-Recipient of the Prospectors and Developers Association of Canada (PDAC) Bill Dennis Award, to the Advisory Board
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce the addition of Mackenzie ("Mac") Watson to the advisory board as senior exploration advisor. Watson brings over 50 years of experience in the Canadian exploration, mining and development industry and has been involved in the discovery of numerous mineral deposits in Canada.
Watson graduated with a B.Sc. in geology from the University of New Brunswick in 1959. Watson was awarded Canada's Prospector of the Year award in 1991 for his involvement in the discovery of the Holloway Gold Mine (Ontario). Freewest Resources, of which Mac was President, sold its thirty-five (35%) interest to Noranda for $100 million. Mac also discovered or assisted in the discovery of the Icon-Sullivan copper mine (Chibougamau, Quebec) the Long Lake zinc mine (Ontario), the Ellison gold deposit and the Hebecourt copper deposit (Quebec). In l992, he was also awarded the Quebec Prospector of the Year award for the discovery of the Pusticamica and Verneuil gold deposits in Quebec.
Watson is a Canadian Mining Hall of Fame Inductee and two-time co-recipient of the Prospectors and Developers Association of Canada (PDAC) Bill Dennis Award, for a Canadian discovery or prospecting success, and his contributions, among others, to the mineral discoveries in the Ring of Fire area of Northern Ontario, Canada. Watson is the first person to have received the Bill Dennis prospecting success award twice: for numerous discoveries in 1991; and in 2009, as part of the team responsible for chromite discoveries in the Ring of Fire by Freewest Resources, which was sold to Cliff Natural resources for $239 million. His success owes much to his tenacity and thoroughness as a geologist and zest for mining discoveries.
Rauno Perttu, Provenance's CEO states "Mac's foresight into fast-tracking exploration and development is a great asset at this juncture for our Eldorado project. We look forward to utilizing his experience and knowledge to help expedite our exploration efforts."
The Company also announces that it has granted 500,000 stock options to certain advisors and consultants of the Company. The options have an exercise price of $0.20 per share, have a thirty-six (36) month term from the date of the grant and vest immediately.
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
Omar8
1年前
Update....
Provenance Gold Intersects 0.8 g/t Gold over 154.23m from Surface Including 3.02 g/t Gold over 13.72m
Highlights
EC-02 assayed 0.51 g/t Au over 156.4m from surface and EC-03 assayed 0.8 g/t Au over 154.23m from surface including 3.02 g/t Au over 13.72m.
Reinforces the NE-SW mineralized structure previously discovered in ED-04 as a significant gold bearing structure in the Tyee Area, confirming the high-grade zone is over 25m in true thickness within a broad mineralized zone, and remains open in all directions.
The assay results support the model of the interpreted mineralized structures as coherent and open along strike and at-depth.
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to report assay results for EC-02 and EC-03 at its Eldorado Gold Project in Malheur County, Oregon. EC-02 and EC-03 tested the NE-SW mineralized structure previously discovered in ED-04 in the Tyee Area. (see press release dated July 18, 2023).
Hole EC-02 intersected 156 meters that assayed 0.501 g/t gold including 32 meters of 0.94 g/t gold.
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, which represent new high-grade zones. This newly recognized higher-grade area is open both down dip and in both directions.
The results from EC-02 and EC-03 are consistent with the presence of the broad mineralized zone found in RC hole ED-04 and support the model that the NE-SW mineralized structure is a significant gold bearing structure, punctuated with multiple higher-grade intervals approximately 25m in true thickness (Figures 1-2). The mineralization remains open in all directions.
As part of its maiden 2024 three-hole core drilling program, the Company drilled holes EC-02 and EC-03 (HQ) to depths of 156.4 meters and 200.6 meters, respectively. Drill equipment issues and difficult drilling conditions through the heavily faulted, fractured, and brecciated zones in this area resulted in significant loss of core and both holes were unable to reach the intended target depth. Given the nature of the core loss, it is suspected that the assay results from EC-02 and EC-03 underrepresent the coarse gold fraction that was seen in ED-04. The strongest gold values are typically associated with gold and pyrite fracture coatings in the heavily fractured and sheared host diorite. Further, around holes ED-04, EC-02 and EC-03, the breakage and core loss were preferentially along the mineralized fractures associated with the weakest and most erodible rock that hosts the majority of the gold mineralization, based on observation and historic studies.
The Company has gained valuable insight into the orientation of the gold bearing structures by drilling these two core holes. The results from holes EC-02 and EC-03 support the interpretation that the structure remains coherent and is open both down-dip and along strike. These findings further validate the continuity of gold mineralization within the diorite, potentially extending along a structure that continues through the Tyee Area and beyond. This continues to expand the exploration potential for the upcoming 2025, 10,000+ meter drill program.
Provenance CEO Rauno Perttu commented "The results achieved by our modest three-hole core drilling program this past fall, coupled with our aggressive upcoming drilling program, should enable us to expand the mineralized footprint of the property considerably. We expect this to be a very exciting and strong year of advancement for Provenance Gold as we move diligently to unearth this projects' maximum potential."
2025 Planned Exploration
The 2025 10,000+ meter combination RC and diamond drill program is planned to be multi-staged and start with a fully funded RC program anticipated to commence in March.
Further work over the past several months has identified multiple additional key target areas across the property. The 2025 drill program will target the four northeast-trending mineralized zones of higher-grade mineralization that traverse the property including the main Tyee Area, the Expansion Area to the north, Striker and Boulder Targets to the west, and the Herman Area to the south (Figure1). Detailed surface mapping and geophysics support the preliminary modeling. The pending 3D Drone Magnetic survey will also help to further guide drilling and exploration into many of these high priority areas.
The program will begin to infill and expand the known mineralized areas which can be traced for several hundred meters in both northeast and southwest directions. This infill and step-out drilling will be accompanied by additional drilling to test multiple highly prospective targets across the property in addition to the Boulder Target approximately 1000m from the Tyee Area.
Further drill pad sites to access newly recognized targets are being added to the 17 drill pad locations that are currently permitted. The program is planned to start on the currently permitted locations and to transition to new sites without interruption as the Company looks to greatly expand the mineralized footprint in 2025.
To facilitate timely results for the 2025 assaying that will be used to continuously focus drill targets and drill hole placement, the 2025 assays will be completed by Paragon Geochemical of Sparks, Nevada. Additionally, the Company plans to utilize photon assaying which utilizes bigger samples for better accuracy. Initially, the photon assaying will be coupled with standard fire assays to ensure reliability and precision.
2024 Quality Assurance and Quality Control
On receipt from the drill site, the HQ-sized drill core was systematically logged for geological attributes, photographed and sampled at Provenance's core logging facility. Sample lengths as small as 0.45 m were used to isolate features of interest, otherwise a default 1.52 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Once logged, the core was transported to ALS Global in Reno, Nevada, for cutting and assaying.
Once at ALS Global in Reno, the core was cut in half lengthwise along predetermined lines, with one-half (same half, consistently) collected for analysis and one-half stored as a record.
Gold was determined by fire-assay fusion of a 30-gram sub-sample with atomic absorption spectroscopy (AA23) or 30-gram sub-sample with gravimetric finish for samples assaying over 10 g/t Au (GRA21). 36 elements including silver, arsenic, and antimony are analyzed by inductively-coupled plasma (ICP41) atomic emission spectroscopy, following multi-acid digestion. ALS Global meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.
The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the National Instrument 43-101 and industry best practices. No issues with respect to the QA/QC of assays have been detected to date.
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/242787
Retire43
4年前
CSE PAU
OTC PVGDF
Provenance Gold Updates Company Plans for 2022
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance”) is pleased to provide an update on the focus of exploration priorities to our shareholders. The Company’s current focus is the White Rock property and our recent acquisition, the Eldorado property, and these will be our priority in 2022. Both may contain significant tonnages of bulk mineable gold mineralization.
The Eldorado property will receive early focus in 2022 as historic data suggests it could hold an up to multimillion ounce drilled gold resource. The Company is currently in an early stage of data acquisition, verification and compliance that will result in the completion of a NI-43-101 resource technical report. As part of this effort, a drill program that will focus on quality control, data validation and verification of historic assay results will be completed as soon as is practical. Field work will start in March weather permitting after the winter season. Drill permitting can then begin when the government agencies approving drilling applications have cleared the drill sites. This process is expected to take approximately 30 days.
The Eldorado property is located in eastern Oregon near the Idaho border in mining-friendly Malheur County. Significantly, there is ongoing permitting for new mine development in close proximity to the Company’s new acquisition. Provenance has consulted regulators regarding the Eldorado property and as a result of these discussions believes the Company will be successful in permitting the various stages of the project as the Company moves it forward. Provenance holds the right to acquire 100% interest in the Eldorado property, subject to a retained royalty to Nevada Select Royalty Inc. (“Nevada Select”). Nevada Select is an arms-length subsidiary of Gold Royalty Corp. (NYSE: GROY), a leading growth and Americas-focused precious metals royalty company.
The right to acquire the Eldorado project was awarded to the Company by Nevada Select in large part due to the hard work and substantial progress made to date on the White Rock property in Nevada, USA. While Provenance already holds significant properties in Nevada, the Eldorado acquisition enables the Company to potentially develop its gold portfolio significantly in 2022.
The White Rock project will receive additional drilling, with already approved drill permits following the completion of work during the early part of the year at Eldorado. This year Provenance drilled 34 holes into a portion of the available targets on the large four-square kilometer initial target area at White Rock. After adding and integrating the historic 67 drill holes with the Company’s holes, the Company plans to complete the first NI-43-101 technical report before renewed drilling starts some time mid-year.
These two resource reports will afford the Company initial gold resource estimates on two major gold properties within 2022. The Company is currently in a favorable cash position and is very mindful of dilution and shareholder value. As a result, the Company only plans to initiate select and strategic funding until such time as both initial resource estimates have been made public.
Rauno Perttu, the Company’s CEO stated “We are excited to commence an initial resource estimate for our White Rock property and feel this is a major asset for the Company in its own right. However, whenever you get an opportunity to acquire something as significant as the Oregon property for only a couple dollars or less per ounce in-ground value, you can’t ignore the major value it immediately adds to the Company. We are committed to the long-term success of the Company and to proving up real resources within a finite timeline. These properties along with the others in our portfolio should fast track these plans exponentially in 2022”.
The Company will be issuing a series of updates starting early in 2022 on the progress of all the Company’s projects as well as a full wrap-up and report on the White Rock drill program completed this year. As noted, the Company will also be releasing an initial resource estimate when available in the new year.
On behalf of everyone at Provenance, we wish you a Happy Holiday Season and a prosperous New Year.
A picture containing rock, mountain, nature
Description automatically generated
Figure 1 - Historic surface placer mining at Eldorado has exposed parts of the ore zone. The exposed rocks are gold-mineralized.
Rauno Perttu, P. Geo., a Qualified Person (as defined by National Instrument 43-101), and the Chief Executive Officer of the Company, has reviewed and approved the technical contents of this News Release.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver resources within North America. The Company currently holds interests in three properties in Nevada, USA. For further information please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
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.
Provenance Gold Corp
2200 - 885 W Georgia St.
Vancouver, BC, V6C 3E8
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Retire43
4年前
December 13, 2021 – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance”) is pleased to report that it has signed a binding option to purchase the Eldorado Property in eastern Oregon from Nevada Select Royalty, Inc. (“Nevada Select”). Nevada Select is an arms-length subsidiary of Gold Royalty Corp. (NYSE: GROY), a leading growth and Americas-focused precious metals royalty company. Provenance has completed the first year’s payment of the option to purchase. The Eldorado Property hosts a significant historical gold resource in eastern Oregon. The project area is located on top of a large gold placer area and is located in the mining friendly part of the state.
The Eldorado property was first explored in 1980 by Westley Mines. Exploration continued intermittently up until 1998 by Degerstrom, Ican Minerals, Billiton Minerals and lastly North Limited. There has been no work done on the property since 1998. Previous work on the property included 236 reverse circulation holes and 6 core holes for a total of 21,866.9 meters of drilling, including trenching, soil sampling, metallurgy, geophysics, and resource modeling.
Assay intervals from selected core holes show the overall tenor of the deposit, for example:
Hole
Width
g/t Au
From
To
R96-C1
185m (607 ft)
1.57 g/t (.046 oz/t)
21m
206m
RA-136
101m (331 ft)
2.02 g/t (.063 oz/t)
55m
156m
RA-90
69m (226 ft)
3.05 g/t (.095 oz/t)
0m
69m
RA-152
55m (180 ft)
2.33 g/t (.072 oz/t)
41m
96m
Mineralization remains open to depth and peripheral extensions of the deposit.
The project hosts three different historical resource estimates done by reputable engineering firms based in Denver. The first was done by Billiton Minerals USA after 150 holes had been drilled. Billiton estimated an open-ended resource of 776,000 ounces contained in 36,000,000 tons at 0.75 grams per ton (0.0219 ounces per ton) gold. The second resource estimate was calculated by Ican Minerals after they completed an additional 49 drill holes. Their resource estimate was 1,860,000 ounces contained in 90,000,000 tons at 0.76 grams per ton (0.022 ounces per ton) gold. Ican then subsequently projected the resource to contain 4,000,000 ounces of gold at an average grade of 0.76 grams per ton gold (0.022 ounces per ton) gold.
Provenance believes the shallow gold resource would be amenable to open-pit mining and anticipates this acquisition will place the Company on a substantially more advanced footing.
Figure 1: Historic Placer Gold Trenches Expose Impressive Bedrock Mineralization
The Company plans to move the project forward as quickly as possible with confirmation drilling beginning within the first quarter of 2022.
Rauno Perttu, Provenance’s CEO stated, “We have three exceptional Nevada projects that we will continue to advance, but this acquisition is significant for our Company. My site inspection made it clear the property is very open-ended. I am an Oregon registered engineering geologist familiar with both the improving positive regulatory climate in that part of Oregon and with Oregon geology. I was reassured by a veteran Oregon regulator that this project is very feasible.
I personally am excited about this project because, while I believe that with continued drilling, our Nevada projects will advance significantly and become large deposits of their own, this is already a major deposit, with average grades higher than many current open-pit gold operations. I am pleased that Nevada Select Royalties allowed us to undertake this opportunity, which they said was awarded to us because of our excellent track record in advancing the White Rock project that we acquired from them earlier. An exciting bonus of the Eldorado acquisition is that the historic drilling intersected several high-grade zones and our inspection found untested diatreme-like brecciation in the mineralized core area. The boiling zones of diatremes are excellent places to explore for high-grade gold, and we already have a major deposit drilled prior to our continued work.”
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Figure 2: Steve Craig, Project Manager Studies Mineralized Granodiorite and Metasedimentary Host Rocks
The Company has been granted an option to acquire the project for total consideration of US$2,000,000, which is payable as follows:
$75,000 upon entering into of the option agreement (Paid)
$125,000 upon the first anniversary
$400,000 upon the second anniversary
$400,000 upon the third anniversary
$500,000 upon the fourth anniversary
$500,000 upon the fifth anniversary
Upon exercise of the option, the Company will grant to Nevada Select a 3% royalty on net smelter returns from the project.
The above referenced resource estimates are considered historical in nature and as such are based on prior data and reports prepared by previous property owners. A qualified person has not done sufficient work yet to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as current resources. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates on the project can be classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured resource category.
Rauno Perttu, P. Geo., a Qualified Person (as defined by National Instrument 43-101), and the Chief Executive Officer of the Company, has reviewed and approved the technical contents of this News Release.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver resources within North America. The Company currently holds interests in three properties in Nevada, USA. For further information please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
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.
Provenance Gold Corp
2200 - 885 W Georgia St.
Vancouver, BC, V6C 3E8
Retire43
5年前
From 10/22/21
Provenance Gold Announces and Closes Substantially Oversubscribed $1.5 Million Private Placement
Press Release | 10/22/2021
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2021) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce the closing of a private placement for 11,973,999 units (each, a "Unit") at a price of $0.13 per Unit for gross proceeds of $1,556,619.87. Each Unit consists of one common share of the Issuer (each, a "Share") and one common share purchase warrant (each, a "Warrant") with each Warrant entitling the holder thereof to purchase one additional common share (each, a "Warrant Share") of the Issuer at a price of $0.20 per Warrant Share until October 22, 2024.
Drilling continues at the White Rock gold project which is comprised of 258 lode mining claims (5,160 acres) with gold being hosted in silicified limestones and shales over an area of 3.2 km in length and a width of 1.3 km. Provenance has completed 32 holes in a continuing exploration program with many assays still pending. Along with the historic drilling of 67 holes, the company believes that this could be an extensive open-pit grade gold deposit, with grades similar to currently operating Nevada open pit mines.
Provenance's drilling program at its White Rock gold property in northeastern Nevada will be winding down soon for the season, with an expanded, focused program planned for next Spring. Steve Craig, project manager, states, "We are in the midst of a very successful program that is validating our belief that we have a big, shallow gold system."
The Company expects to be releasing further results from this drill program very soon.
Proceeds of this private placement will go towards the completion of the White Rock drill program, in addition to an upcoming drill program planned at its Mineral Hill property, and general working capital.
All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws until February 23, 2021. There were no finders' fees paid in connection with this placement.
One director of the Company participated in the private placement and acquired an aggregate of 100,000 Units. The participation in the placement by this director constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In connection with the participation by the insiders, the Company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of the participation did not exceed twenty-five percent of the market capitalization of the Company (as determined under MI 61-101).
Rauno Perttu, P.Geo., a qualified person (as defined by National Instrument 43-101), and the Chief Executive Officer of the Company, has reviewed and approved the technical contents of this news release.
Retire43
5年前
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2021) - Provenance Gold Corp. (CSE: PAU) (FSE: 3PG) (the "Company") is pleased to report the closing of its previously announced non-brokered private placement. In connection with closing, the Company has issued 9,615,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of $961,500 with a lead order from Palisades Goldcorp Ltd. Each Unit consists of one common share of the Issuer (each, a "Share") and one common share purchase warrant (each, a "Warrant") with each Warrant entitling the holder thereof to purchase one additional common share (each, a "Warrant Share") of the Issuer at a price of $0.15 per Warrant Share for a period of five (5) years from their date of issue.
Mr. Rauno Perttu states, "We are delighted to be advancing our Silver Bow gold and silver property in addition to being able to initiate work on finalizing our drilling program on our White Rock property. This should allow the Company the opportunity for more recognition by the investment community. With our optimistic outlook for 2021 and beyond including our work to limit dilution we decided to cap this private placement at over three times the original amount. We are very grateful for the support from our well-placed strategic investors."
Proceeds of this private placement will go towards exploration advancement and general working capital.
All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws until June 13, 2021. In connection with the offering, the Company has paid finders' fees of $28,105 in consideration for the introduction of subscribers.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver resources within North America. The Company currently holds interests in two properties in Nevada, USA. For further information please visit the Company's website at https://provenancegold.com or contact rclark@provenancegold.com.
About Palisades Goldcorp
Palisades Goldcorp is Canada's resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
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. These forward-looking statements or information may relate to proposed activities at the White Rock gold project, and other factors 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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