Provenance Gold drills 1.01 g/t gold over 108.20 metres at Eldorado West, Oregon
Provenance Gold Corp. [CSE: PAU; OTCQB: PVGDF] reported the first step-out drilling results from the Herman Area of its Eldorado gold project in eastern Oregon, significantly expanding the potential scale and scope of gold mineralization at Eldorado West.
Highlights – ED27: 1.25 g/t gold over 44.20 metres, within 179.83 metres of 0.67 g/t gold including 1.58 g/t gold over 7.62m; 1.63 g/t gold over 24.38m; 10.16 g/t gold over 1.52m in a newly defined contact zone at the base of the mineralized upper interval; and 1.92 g/t gold over 7.62m within 0.5 g/t gold over 53.34m, hosted in metasedimentary rocks within a new mineralized horizon starting at 211.84m.
ED28: 1.01 g/t gold over 108.20 metres within 0.82 g/t gold over 172.21m, including 1.75 g/t gold over 15.24m including 3.27 g/t gold over 6.10m and 1.22 g/t gold over 57.91m and 0.86 g/t gold over 13.72m; and 0.38 g/t gold over 41.15m, including 0.74 g/t gold over 3.05m and 2.01 g/t gold over 3.05m.
Drill holes ED27 and ED28, the first holes completed in the newly permitted Herman Area, are located 730 metres south of recently reported hole E26 (Figure 1-2). Both ED27 and ED28 intersected broad, pervasive intervals of strong gold mineralization from surface, and identified a new mineralized contact zone between the host sedimentary rocks and the diorite. The newly recognized diorite-metasedimentary contact zone is shallow-dipping, laterally extensive, and projects south, west, and northwest of ED27 and ED28.
This geometry creates a new broad exploration target that has the potential to host both bulk-tonnage and high-grade gold mineralization across a large area of the previously unexplored, southern and western portions of the property. In addition, this structural setting has been identified with strong mineralization at the newly acquired Eldorado East project and supports the geological model that the mineralization at Eldorado spans both Eldorado East and West.
Provenance’s CEO, Rauno Perttu commented, “We are confirming a broader target in the Herman Area that looks to substantially increase the mineralized footprint of the Eldorado property. The extensive volume of gold mineralization above this contact zone combined with strong grades in the contact zone and within the metasedimentary rocks, points to a much larger mineralized system than previously recognized. We are excited to receive further assays from ongoing drilling, including hole ED29 extending to the southwest in the Herman area that showed strong visual mineralization, supporting our data and our belief that mineralization continues southward and is open in all directions at Eldorado West. I believe we are only exploring a fraction of a very large gold system.”
RC drilling continues and includes ED29 (assays pending), drilled southwestward from ED27. In addition, the core rig has arrived on site and drilling has commenced with EC04 located in the Herman Area. Core drill holes will target the expansion of known mineralization and provide critical insights about the structural and geological controls on the system.
Provenance is also conducting detailed geological mapping of the southern part of Eldorado West in preparation for permitting drill pads over a planned 2-3-km major step-out area for next year’s drill program.