Provenance Gold Initiates Metallurgical Testwork at the Eldorado Project

Core Viewpoint - Provenance Gold Corp. has initiated a multi-phase metallurgical testing program for its Eldorado Gold project in eastern Oregon, focusing on evaluating heap leach extraction and conventional extraction methods [1][2]. Metallurgical Testing Program - The first phase aims to assess the project's suitability for heap leach extraction, including potential metal recoveries, leach kinetics, and reagent consumption [2]. - The second phase will evaluate conventional extraction methods such as carbon-in-leach (CIL) and gravity-flotation processes [2]. - Historical tests indicated an average gold recovery of 88.1% from unoxidized sulfide samples using gravity concentration followed by bulk sulfide flotation [2]. Testing Execution - Kappes, Cassiday & Associates (KCA) will conduct the 2026 testwork, specializing in heap leaching and cyanide processing [3]. - Initial bottle roll test results are expected by May 2026 [3]. Leadership Changes - Rauno Perttu is retiring as CEO, with Rob Clark taking over the role, while Perttu will remain as Chairman of the Board [4]. - Etienne Gouin-Proulx has been appointed as Director, bringing expertise in project evaluation and public markets [5]. Company Overview - Provenance Gold Corp. focuses on the Eldorado Gold Project in eastern Oregon and is advancing the project through systematic drilling and geological modeling [7].