Provenance Gold Corp. (CSE: PAU | OTCQB: PVGDF) is continuing to advance its flagship gold properties at Eldorado, eastern Oregon, U.S., and White Rock, located in Nevada, U.S.
The precious metals explorer plans to drill the properties this year to support maiden resource estimates, which are expected by the end of 2022.
Currently, the company is finalizing exploration technical reports for Eldorado and White Rock, which includes a detailed review of the geology and technical aspects of the properties to better define the geological models and provide recommendations for next steps.
“The Eldorado and White Rock Projects represent tremendous opportunities to add significant value in the near-term and we are excited to continue working towards maiden resources on both projects,” said Rauno Perttu, Provenance’s co-founder and chairman.
To complete the work, the company has engaged Rangefront Mining Services of Nevada, and Apex Geoscience Ltd. of Edmonton, Alberta. They will lead a full data validation and audit of the large volume of historic information received with the acquisition of the Eldorado and White Rock projects.
Provenance states that this work will enable effective and efficient 2022 exploration in support of maiden resource estimates.
Eldorado
At Eldorado, a 20-hole, 4,000m drill programme is being designed to validate all the available historical drill holes. This work is intended to confirm historic drill results and will provide the basis for completing a maiden resource estimate anticipated by the end of this year.
Permitting is underway with the State of Oregon and the Bureau of Land Management. An exploration application has been submitted to the Oregon DOGAMI and Bureau of Land Management (BLM).
On 21 April 2022, the BLM visited the property and inspected each proposed drill site. Provenance says no permitting difficulties are anticipated in this extensively historically mined and explored area.
White Rock
The 2021 drill programme confirmed significant widths of gold mineralization are present at White Rock and verify similar results achieved by past operators.
The results include WR-16: 55m of 0.62 g/t Au, WR-23: 80m of 0.388 g/t Au and WR-32: 65m of 0.3 g/t Au, and WR-45: 67m of 0.52 g/t Au.
At White Rock, up to 40 RC drillholes (6,500m) are being designed to test previously undrilled portions of the mineralization and thus provide the basis for completing a maiden resource estimate anticipated by the end of 2022.
The company is planning to conduct gold cyanidation testing on existing RC samples, as well as any additional 2022 samples to establish the expected gold grades, quantities, and leachability of the mineralized samples at White Rock.
Drill permits have been approved and bonded for a 2022 drill programme. The areas to be drilled will be fill-in and step-out holes in the Central Ridge and Valley areas, and the White Rock Mountain mineralized zone.
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