Provenance Gold (CSE:PAU) has received the final assays from a drilling program within the Eldorado West Project in the US, which Chairman Rauno Perttu says reinforces the “scale and continuity” of open-pit grade mineralisation.
Seven holes returned results which confirm ‘strong’, continuous gold mineralisation continuing westward in the greater Tyee area, located within Eldorado West.
Provenance Gold notes that five new holes from the Tyee area continue to define broad, continuous gold mineralisation across multiple structural and geological domains.
As a result, this has strengthened the company’s interpretation that Eldorado West is part of a large-scale, multi-kilometre gold system.
Some of the results include 68.58m @ 0.67 grams per tonne gold, including 7.62m @ 2.08g/t gold; and 117.35m @ 0.59g/t gold, including 6.10m @ 1.02g/t gold.
Perttu says the mineralised intervals encountered in Zone 4 of the Tyee area show that the project continues to grow and remains open in all directions.
“We are still in the early stages of defining what we believe will become a very significant gold district,” he says.
The company is permitting step-out drill pads at Eldorado West for the upcoming drilling season, as well as a maiden drill program at the Eldorado East Project.
Airborne radiometric and magnetic geophysical surveys were recently completed over the west and east properties to better understand the regional and deposit-scale mineralising structures. The surveys will support Provenance Gold in delineating exploration targets for testing in 2026.
Results are being processed, however, the company notes preliminary findings support the geological model that the mineral system could extend far beyond any known exploration to date.
Geological mapping on Eldorado West has also been completed, alongside reconnaissance geologic mapping at Eldorado East. Surface rock chip sampling with multi-element geochemistry was also carried out in select locations from both projects.
The data, coupled with the survey results, will be used to assess and further delineate drill targets while also increasing the understanding of the structural and geological controls of mineralisation.
Provenance Gold is a precious metals explorer focused primarily on gold in North America.
Write to Aaliyah Rogan at Mining.com.au
Images: Provenance Gold
