- Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) launches its largest exploration campaign at the Eldorado project in Eastern Oregon.
- The 2025 phase 1 drilling program focuses on expanding a gold system discovered during the 2023-2024 campaign.
- Initial drilling will utilize a Boart Longyear reverse-circulation (RC) drill rig, with a core drill rig to be introduced in phase two.
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF) has announced the start of its 2025 phase 1 drilling program at the Eldorado project, located in Eastern Oregon. This initiative marks the company's earliest start and largest exploration venture thus far. The campaign aims to build upon the results of 241 historic drill holes and 14 previous holes drilled by the company. This year's program is set to expand the open-ended gold system identified during the 2023-2024 drilling activities.
The discovered gold mineralization begins at the surface and surpasses depths of 200 meters, providing significant potential for further exploration. Initial drill holes in the 2025 program will concentrate on enhancing the mineralized zone around Provenance's drill holes ED-04, EC-02, and EC-03. The first phase is conducted with a Boart Longyear reverse-circulation (RC) drill rig. The second phase will incorporate a core drill rig to meet the exploration goals.
Provenance Gold highlights that much of the property remains unexplored, as historical drilling averaged 90-100 meters in depth. The company is optimistic that its continuation of drilling and exploration activities will significantly expand the known extent of gold mineralization at Eldorado.
"We are excited to be back at Eldorado for our earliest commencement and largest exploration campaign to date," said Rauno Perttu, Provenance's CEO. He noted that while historical drilling was shallow, most areas of the property have not been tested, allowing for further exploration opportunities.
