Provenance Gold Mobilizes Second Drill Rig to Its Eldorado Project in Eastern Oregon

Core Insights - Provenance Gold Corp. has mobilized a second diamond core drill rig to the Eldorado Project in Eastern Oregon to enhance geological understanding of the gold system [1][3] - The drilling will focus on the Herman area, which is a significant exploration target located 730 meters south of the Tyee area [1][3] - The company has engaged Titan Drilling LTD to conduct a minimum of 1000 meters of drilling in the newly permitted areas, ensuring an efficient and budget-friendly program [2] Drilling Program Details - The first core hole will test the Herman area, following up on initial RC drill holes with results pending [3] - The ongoing RC drilling program will continue simultaneously on the property, with further results expected imminently [7] - Select bulk samples are undergoing gravity and float metallurgical testing, with results to be reported when available [7] Management Insights - CEO Rauno Perttu expressed confidence in the project's potential, citing excellent historical and recent metallurgical test results that support the feasibility of low-cost open-pit mining techniques [8] Marketing and Communication - The company has engaged AB Holdings, LLC for investor communications and market visibility services, which includes an upfront fee of $18,000 for one month of services [9][10] - This engagement aims to strengthen communication with existing and potential shareholders [9]