- Provenance Gold Corp. (PAU) has recently completed rock chip sampling and other field work at its Eldorado property in Eastern Oregon
- Sampling at the property, located in Eastern Oregon, concentrating on areas that had exposures of available rock for sampling in areas of significant soil cover
- The Eldorado area has been the focus of considerable historic placer mining and modern-era exploration by at least five mining companies
- Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America
- Provenance Gold Corp. opened trading at $0.06 per share
Provenance Gold Corp. (PAU) has completed rock chip sampling and other field work at its Eldorado property.
Sampling at the property, located in Eastern Oregon, concentrated on areas that had exposures of available rock for sampling in areas of significant soil cover.
Furthermore, Provenance is in the process of reviewing, compiling and evaluating all previous historic sampling programs 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.
The company’s current fieldwork 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 database of surface sampling results.
The new sampling, along with the integration of historic rock chip assays, trenching assays and soil auger assays, should help define the full potential of the project.
Cross-section studies of the historic drill holes have identified areas within the historically identified gold system that were missed by the historic drilling.
The company expects assay results from this program in the coming weeks, and completion of the full assay compilation will be released to the public as it becomes available.
“I look forward to drilling to confirm the historic work and also to begin to expand the size and likely the grade of the system,” said Rauno Perttu, Provenance Chairman.
“With in-fill drilling and deeper drilling, I believe we can significantly increase the magnitude of the system,” he added.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America.
Provenance Gold Corp. opened trading at $0.06 per share.
