New Mineralized Zone At The Herman Area

VANCOUVER – Provenance Gold Corp. reported on the third hole of the first step-out drilling in the Herman Area at its Eldorado Gold Project in eastern Oregon. Hole ED29 was drilled southwestward from the Herman area into a previously undrilled region, approximately 50m to the south of ED27. ED29, hosted in both diorite and mixed metasediments, exhibited strong gold mineralization throughout its entire length and ended in strong mineralization at a depth of 254.51m. ED29 continues to expand a new feeder zone found 800 meters to the south of Zone 1, additionally discovering a new high-grade zone at its southernmost extent which is believed to be part of a new feeder system.
Drilling is ongoing with assays from 7 RC holes pending from Zones 3-4 in the Tyee Area and the Herman Area. At Herman, the drilling tests the newly discovered mineralized contact zone between the diorite intrusive complex and the host metasedimentary rocks. In addition, 3 diamond core holes are pending in the Herman Area with a focus on extending mineralization towards the south and southwest. These core holes will provide key information about the geological controls and structural details of the mineralization. All mineralized zones at Eldorado West remain open in all directions.
Chairman, Rauno Perttu, said, “Hole ED29 is a pivotal hole in this step-out program. We’ve already demonstrated that gold is prolific at Eldorado West over a large area. We are confident much more mineralization exists within both the previously explored area and within this large new unexplored region. I’m excited because I think the gold system appears to be strengthening into this broad unexplored area with no outcrops or prior exploration. Historic gold mining of locally derived placer gold along its borders to the south and west, and our geophysics and geochemistry support our belief that the gold system continues and potentially strengthens into this unexplored area. We have just scratched the surface of this amazing property, and we haven’t even begun tackling Eldorado East yet.”