Vancouver, British Columbia – (June 4, 2025) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) is making significant strides in its Eldorado East project, providing an update on recent fieldwork. The company, which recently staked 285 Bureau of Land Management (BLM) mineral claims covering 4330.85 acres (17.53 km2), is focusing on the area approximately 5 km east of its core Eldorado property.
The Eldorado East project shows promising signs of potential, warranting close investor attention. Here’s a breakdown of the key developments:
* Provenance geologists have corroborated that the host rock at Sunday Hill’s historical high-grade deposits is a mix of highly altered and fractured Burnt River Schist black shale and diorite, mirroring the mineralization observed at Eldorado West.
* Initial sampling efforts have commenced with 13 samples collected from various locations along the Sunday Hill ridge. These include surface material and select rock samples to gauge gold content levels. Results are anticipated soon.
* The team speculates that black carbonaceous shale played a key role in quickly precipitating gold from thermal solutions originating from the large diorite formation to the north. The contact area between the shale and diorite is thus deemed a prime “dumping” zone for high-grade gold deposits, leading to future exploration focus at Eldorado West.
* Geologists have confirmed the existence of historical lode prospects and mines across the staked land. The Mormon Basin’s valley floor and numerous upland areas have undergone multiple phases of placer mining, suggesting multiple potential sources for the placer gold, including beneath the existing deposits.
Rauno Perttu, Chairman of Provenance, expressed enthusiasm about the project’s potential: “Over all the many years and the countless projects I have looked at, I have seen very few if any that were as impressive on initial review as this new expansion. We are anxious to tackle it. With the combination of our Eldorado West area that is currently being drilled and this new addition, I’m excited for Provenance’s future.”
Figure 1 – View of Mormon Basin from Sunday Hill looking southeast. The ridge in the background is formed by an ancient underthrust fault that forms the southern boundary of the zone that hosts the gold-bearing diorite bodies at both Eldorado and Eldorado East. Much of the area shown, including under the distant trees, has been placer mined. The trees subsequently grew on the tailings.
Figure 2 – Sampling prospect on Sunday Hill. Note the extensive alteration of all the rock and soil.
Figure 3 – The intensity of the alteration at Mormon Basin is shown in this rock. This rock near the Kendall Mine at the south end of Sunday Hill was originally a black shale, which has been altered and shattered to where it is difficult to recognize. The rock is likely to have strong gold mineralization associated with it
**Eldorado East Project Summary**
Historical data from the Sunday Hill Mine, evaluated in the 1980s, revealed a near-surface gold-bearing zone with an average of 23.15 g/t gold, totaling 231,000 tons based on historical estimates. The zone was found within 10.7 meters of the surface, 7.6 meters thick, expanding to 18.3 meters at its deepest exposure. The gold horizon remains open in all directions.
In 1926, 21 weighted samples across a 1190-meter by 150-meter zone averaged 5.75 g/t gold. A 1994 gold-in-soils map revealed four extensive gold-enriched soil zones, with Provenance believing the westernmost of these to be the same gold zone reported in 1926.
* *Note: The historical resource estimate for Sunday Hill is considered unreliable because it is based on older data and does not conform to current standards. Additional work is required by a qualified person to classify the historical estimate as a current resource.*
**Looking Ahead: 2025 Exploration Plans**
Provenance Gold has laid out an aggressive plan for 2025:
* Comprehensive data compilation and validation of historical data.
* A drone magnetic survey to probe beneath the placer layers to identify geological features.
* Geological mapping of the basin.
* Permitting: With initial drill pad locations have been selected at Sunday Hill and its surroundings, permit applications are being prepared, with plans to submit them to the BLM and DOGAMI soon.
* Upon successful permitting, Provenance aims to commence initial drilling, with a target start date later this fall.
**Qualified Person**
The technical content in this release was reviewed and approved by Jo Price, P.Geo., M.Sc., who is a Qualified Person according to National Instrument 43-101.
**About Provenance Gold Corp.**
Provenance Gold is a precious metals exploration company focused on gold and silver mineralization throughout North America, currently holding interests in Nevada and eastern Oregon, USA.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/1713.html
