Provenance Gold Intercepts 1.01 g/t Gold Over 108.20m Within 172.21m of 0.82 g/t Gold from Surface, Extending Mineralization 730 Meters South, Identifying A Major New Target at Eldorado West
TargetTarget(US:TGT) Newsfile·2025-10-08 09:00

Core Insights - Provenance Gold Corp. has reported significant step-out drilling results from the Herman Area of its Eldorado gold project, indicating a substantial expansion of gold mineralization potential at Eldorado West [1][4][5] Exploration Results - Drill holes ED27 and ED28, located 730 meters south of hole E26, intersected extensive intervals of gold mineralization from surface, revealing a new mineralized contact zone between sedimentary rocks and diorite [4][5] - ED27 reported 1.25 g/t gold over 44.20 meters within 179.83 meters of 0.67 g/t gold, while ED28 showed 1.01 g/t gold over 108.20 meters within 172.21 meters of 0.82 g/t gold [5][12] - The new contact zone is shallow-dipping and laterally extensive, suggesting a broad exploration target for both bulk-tonnage and high-grade gold mineralization [4][6] Future Exploration Plans - Ongoing exploration includes drilling of hole ED29, which has shown strong visual mineralization, and the arrival of a core rig to further investigate the structural and geological controls of the mineralization [6][7] - Detailed geological mapping is being conducted in preparation for a major step-out drilling program planned for the next year, targeting a 2-3 kilometer area [8]