Provenance Gold (CSE:PAU) has completed the first two holes of its 2026 core drilling program at the Eldorado West Project in Oregon, US, with initial assays expected in approximately four weeks.
The program targets under-drilled areas within a conceptual pit shell, aiming to expand known mineralisation at the Herman and Tyee targets.
Hole EC-10 reached 288m at Herman Hill, intersecting altered hornblende diorite containing pyrite from surface to approximately 168m. Deeper drilling encountered skarn alteration and several breccia zones in an area with limited previous drilling.
Provenance says alteration and mineralisation in the upper 168m resemble those encountered in other mineralised holes at Herman.
At Tyee, EC-11 reached 374m, testing sparsely drilled ground north of previously reported gold intersections. Alteration occurred throughout the hole, including multiple sooty sulphide zones containing pyrite between 133m and 283m.
The company notes the geological observations do not establish gold grades, continuity, or economic mineralisation. Samples have been submitted to Paragon Geochemical in Nevada for PhotonAssay analysis.
The campaign builds on more than 7,500m drilled during 2025, as previously reported by Mining.com.au. Provenance is assembling geological and drilling data to support work towards a maiden resource estimate.
Separately, Provenance raised approximately C$1.67 million ($1.68 million) through the exercise of 13,904,500 warrants at C$0.12 each. The proceeds are expected to support exploration, including the current drilling program.
Provenance Gold is a Canadian precious metals explorer focused on advancing its flagship Eldorado Project in Oregon.
Write to France Pinzon at Mining.com.au
Main image: Provenance Gold
