Provenance Gold Corp. (CSE: PAU | OTCQB: PVGDF) has recently completed rock chip sampling and other field work at its Eldorado property in Eastern Oregon.
Rauno Perttu, Provenance Chairman said “I look forward to drilling to confirm the historic work, and to begin to expand the size and likely the grade of the system. With in-fill drilling and deeper drilling, I believe we can significantly increase the magnitude of the system”.
The sampling focused on areas that had exposures of available rock for sampling in areas of significant soil cover. In addition, the company is also in the process of reviewing, compiling, and evaluating all previous historic sampling programmes at Eldorado including soil sampling, rock chip sampling, trench sampling and drill hole sampling.
The Eldorado area has been the focus of considerable historic placer mining and modern era exploration by at least five mining companies. All this activity is extensive, and evidence of both placer mining and drilling and trenching remains in every corner of the property.
The company’s current field work has focused on collecting 38 rock outcrop samples to assess gold and silver values over a broad area to both confirm anomalies previously identified by past operators and to give the company its own data base of surface sampling results.
The new sampling along with integration of historic rock chip assays, trenching assays and soil auger assays should help Provenance define the full potential of the project. This work should better define the project’s footprint and will provide valuable guidance in planning future drill programmes once fully permitted.
The company has in its possession, a large amount of historic assay information that was obtained from several of the past operators, which includes rock chip samples, 43 trenches and 1,081 auger soil samples. These samples, along with results from our current sampling and “top of bedrock” assay samples from the drill holes, will provide a significant gold anomaly map to be used for future drilling.
The company expects assay results from this programme in the coming weeks and completion of the full assay compilation will be released to the public as it becomes available.
“Eldorado already holds a significant historical inventory of gold as calculated by a reputable engineering firm in 1990,” stated Steve Craig, project manager. “We believe we will be ready to drill with target confidence in 2023 following our extensive compilation and evaluation of all of the historic data that the Company has in its possession.” Rauno added.
To find out more, please visit www.provenancegold.com
