Mentioned:
One of the most exciting gold exploration projects in the United States is embarking on a large scale drilling program.
What’s happening:
- Provenance Gold (CSE: PAU | OTC: PVGDF) has officially commenced their drilling program at their flagship Eldorado project located in Oregon
Why it matters:
- This will be the largest exploration and drilling program done by Provenance Gold at the Eldorado project, with the first phase of reverse circulation drilling fully funded
Going deeper:
- Provenance Gold previously made waves with the assay results of their first core drill hole EC-01 which produced 2.01 g/t Au over 288.34 metres from surface
- Provenance Gold’s other two initial core drill holes EC-02 and EC-03 also produced 0.51 g/t Au over 156.4 metres from surface and 0.8 g/t Au over 154.2 metres from surface
- The new drilling program from Provenance Gold will aim to expand the extent of known mineralization on the property as well as explore new promising targets that are roughly a kilometre away from their EC-01 discovery hole
The intrigue:
- Gold exploration and production has come into major focus of late, which has been fulled by the White House officially declaring gold to be a critical mineral as part of a new executive order signed by President Donald Trump
