Expanding Scale & Scope Of Mineralization At Eldorado West

VANCOUVER – Provenance Gold Corp. reported on step-out drilling at the Herman Area of its Eldorado gold project in eastern Oregon, significantly expanding the potential scale and scope of gold mineralization at Eldorado West.

Drill holes ED27 and ED28, the first holes completed in the newly permitted Herman Area, are located 730 meters south of recently reported hole E26. Both ED27 and ED28 intersected broad, pervasive intervals of strong gold mineralization from surface, and identified a new mineralized contact zone between the host sedimentary rocks and the diorite. The newly recognized diorite-metasedimentary contact zone is shallow-dipping, laterally extensive, and projects south, west, and northwest of ED27 and ED28. This geometry creates a new broad exploration target that has the potential to host both bulk-tonnage and high-grade gold mineralization across a large area of the previously unexplored, southern and western portions of the property. In addition, this structural setting has been identified with strong mineralization at the newly acquired Eldorado East project and supports the geological model that the mineralization at Eldorado spans both Eldorado East and West.

CEO, Rauno Perttu, said, “We are confirming a broader target in the Herman Area that looks to substantially increase the mineralized footprint of the Eldorado property. The extensive volume of gold mineralization above this contact zone combined with strong grades in the contact zone and within the metasedimentary rocks, points to a much larger mineralized system than previously recognized. We are excited to receive further assays from ongoing drilling, including hole ED29 extending to the southwest in the Herman area that showed strong visual mineralization, supporting our data and our belief that mineralization continues southward and is open in all directions at Eldorado West. I believe we are only exploring a fraction of a very large gold system.”