Provenance Gold Corp. announced that it has completed its initial reverse circulation confirmation drilling program on its Eldorado Gold Property in Eastern Oregon. The final hole of this initial program, ED-11, yielded strong results, despite being terminated above its intended target zone.

Highlights: ED-11 was designed to test the extent of mineralization within potassic vent breccias. ED-11 intersected 118.9 meters (390 ft) of continuous strong gold mineralization starting at surface with thick high-grade gold intervals contained within. The hole was terminated at 118.87 m in mineralized material due to poor drilling conditions related to strong groundwater in mineralized structures that were also identified in previous 2023 drill holes; Results of the RC drillholes received to date continue to confirm or exceed the assays reported from historic holes; A newly identified strong zone of gold mineralization that extends for more than 100 meters below most of the historic drilling, has been identified in multiple drillholes.

Hole 11 was terminated before its target depth when it encountered strong ground water flows that Provenance believes are associated with strongly mineralized breccia structures.