Provenance Gold Corp. (CSE: PAU) has received the drilling permit from the Bureau of Land Management (BLM) for its Eldora property in Malheur Country in Eastern Oregon, U.S.
The company is waiting for final approval from the Department of Geology and Mineral Industries (DOGAMI) in Oregon to inaugurate the first drilling programme on one of its premier projects, which is expected to commence in September this year.
“We have all been waiting impatiently for final approvals, and working extremely diligently this year to this point, so we can begin validating and expanding Eldorado,” said Rauno Perttu, Provenance Gold’s chairman.
Historic work on the Eldorado property includes 242 holes from 22,000 metres of drilling. Previously it was estimated that the property contains 38,416,000 tonnes averaging 0.68 g/t for 764,000 ounces of gold (at a 0.292 g/t cut-off grade) and encompasses a limited portion of the known mineralization. According to Provenance, data compilation, redrilling, resampling, and data verification will be performed before the historical estimate can be classified as a current resource.
The company also plans to conduct confirmation drilling and establish a potential qualified mineral inventory, as well as metallurgical studies to confirm historic reports of excellent gold recoveries in both oxidized and unoxidized rock.
“This is an exciting time for Provenance. I am confident we have two ‘company-makers’ in Eldorado and White Rock. We are anxious to demonstrate how truly special both these projects are with the upcoming drilling at Eldorado,” added Mr Perttu.
About Provenance Gold
Provenance Gold is a precious metals exploration company with a focus on gold and silver mineralization within North America. The company currently holds interests in three properties, two in Nevada, and one in eastern Oregon, U.S.
For further information please visit: https://www.provenancegold.com/home
