Mentioned:
One of the most promising gold projects in Oregon might be on the verge of going to the next level.
What’s happening:
- Provenance Gold (CSE: PAU | OTCQB: PVGDF) has announced new assay results for their final remaining core holes at their flagship Eldorado Gold Project located in Malheur County, Oregon
By the numbers:
- EC-02 assayed 0.51 g/t Au over 156.4 metres from surface
- EC-03 assayed 0.8 g/t Au over 154.2 metres from surface, including 3.02 g/t Au over 13.7 metres
Why it matters:
- Provenance Gold recently made waves when they revealed their initial core assay results at the Eldorado Gold Project, which represented some of the most significant high grade, open pit assay results of any early stage publicly traded gold exploration company in North America
Going deeper:
- The newest assay results further validate that the mineralization at the Eldorado Gold Project remains open in all directions, which could potentially allow for much further expansion on the property
- Provenance Gold has also publicly stated that they are set to begin their largest drilling program yet at the Eldorado Gold Project, planning to imminently begin a 10,000 metre reverse circulation and diamond drilling program that will explore new areas of the property as well as expanding on areas of known mineralization
