Provenance Gold Commences Its Maiden Drill Program at Eldorado to Substantiate Historical Results and Begin to Expand the Gold Mineralization
Provenance Gold Commences Its Maiden Drill Program at Eldorado to Substantiate Historical Results and Begin to Expand the Gold Mineralization
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce that its initial drilling and exploration program at its Eldorado gold project in Malheur County, Eastern Oregon will commence today.
不列顛哥倫比亞省溫哥華--（Newsfile Corp. ——2023 年 5 月 10 日）— Provenance Gold Corp.（CSE: PAU）（OTCQB：PVGDF）（the”公司“或”來源“）很高興地宣佈，其位於俄勒岡州東部馬勒爾縣的埃爾多拉多金項目的初步鑽探和勘探計劃將於今天開始。
Two hundred and forty-two 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 per ton. An example is hole # 136 with 158 meters of 2.08 g/t gold (0.06 opt Au) that includes 49.9 meters of 5 g/t gold (0.146 opt Au). Additionally, historical metallurgy work suggested this mineralization is amenable to gold extraction in both its oxide and sulfide states, even if using only gravity and floatation recovery methods.
二百四十二個歷史鑽孔勾勒出一個開放式的主要淺金系統。在如此龐大的礦化體中，有大量的高品位角礫岩帶，據信這些區域與火山管道有關。歷史上，這些角礫岩區域內的結果被測定爲每噸多克。例如，第 136 號洞有 158 米 2.08 g/t 的黃金（0.06 opt Au），包括 49.9 米 5 g/t 的黃金（0.146 opt Au）。此外，歷史冶金工作表明，即使僅使用重力和浮選回收方法，這種礦化在氧化狀態和硫化狀態下都適合開採黃金。
This initial drilling program has a twofold purpose.
最初的鑽探計劃有雙重目的。
First, it is designed to begin confirmation of the historic drilling that outlined the open-ended gold system.
首先，它旨在開始確認概述開放式黃金系統的歷史性鑽探。
Second, the program 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 one hundred meters in depth, yet the limited deeper holes showed the mineralization extends below 250 meters in depth. Additionally, Provenance's cross-sections through the mineralization demonstrate it extends beyond the sections in all directions.
其次，該項目旨在填充和消除歷史性礦化區。Provenance對歷史數據的分析表明，礦化作用延伸到歷史鑽探之外和下方，歷史鑽探中存在巨大的空隙，該公司認爲這些空隙同樣具有強烈的礦化作用。歷史上的鑽孔平均深度小於一百米，但有限的深孔顯示礦化深度延伸到250米以下。此外，Provenance在礦化過程中的橫截面表明，它向各個方向延伸出了各個部分。
"I am excited to see this much-awaited drill program 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," stated Company CEO, Rauno Perttu.
“我很高興看到這個期待已久的演習計劃開始，我將親自到現場幫助啓動該項目，因爲該項目的成功完成對我們向前推進的計劃至關重要。我們相信這是Provenance的主要催化劑，它最終將開始給予我們公司應有的認可。” 公司首席執行官Rauno Perttu說。
Qualified Person
合格人員
Steven Craig, CPG, Project Manager for the Company, and a qualified person as defined under National Instrument 43-101, has reviewed, and approved the technical contents of this news release.
CPG、公司項目經理、National Instrument 43-101 所定義的合格人員史蒂芬·克雷格已經審查並批准了本新聞稿的技術內容。
About Provenance Gold Corp.
關於普羅旺斯黃金公司
Provenance Gold Corp. 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, USA. For further information, please visit the Company's website at or contact Rob Clark at rclark@provenancegold.com.
Provenance Gold Corp. 是一家貴金屬勘探公司，專注於北美的金銀礦化。該公司目前持有三處房產的權益，其中兩處位於內華達州，一處位於美國俄勒岡州東部。欲瞭解更多信息，請訪問公司網站或通過 rclark@provenancegold.com 與 Rob Clark 聯繫。
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
代表董事會，
Provenance Gol
Rauno Perttu，首席執行官
Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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