Provenance Gold Corp. (CSE: PAU | OTCQB: PVGDF) has announced that its initial drilling and exploration programme at its Eldorado gold project in Malheur County, Eastern Oregon has commenced.
242 historical drill holes have outlined an open-ended major shallow gold system. Within this large volume of mineralization are extensive high-grade breccia zones that are believed to be associated with volcanic pipes. Results within these breccia zones were historically assayed to be multi-gram/t. An example is hole #136 with 158m of 2.08g/t gold that includes 49.9m of 5g/t gold. Additionally, historical metallurgy work suggested this mineralization is amenable to gold extraction in both its oxide and sulphide states, even if using only gravity and floatation recovery methods.
The initial drilling programme has a twofold purpose. First, it is designed to begin confirmation of historic drilling that previously outlined an open-ended gold system.
Second, the programme is designed to infill and step out the historic mineralization. Provenance’s analysis of the historic data showed that the mineralization extends beyond and below the historic drilling, and that large gaps exist within the historic drilling that the company believes are similarly strongly mineralized.
The historic drill holes averaged less than 100m in depth, yet the limited deeper holes showed the mineralization extends below 250m in depth. Additionally, Provenance’s cross-sections through the mineralization demonstrate it extends beyond the sections in all directions.
CEO Rauno Perttu stated, “I am excited to see this much-awaited drill programme begin, and I will be on site personally to help start the program because its’ successful completion is critical to our plans moving forward. We believe this is a major catalyst for Provenance that will finally begin to give our company the recognition we believe it should have.”
To find put more, please visit www.provenancegold.com
