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Provenance Gold Has Found A Massive New Gold Discovery In America

December 10, 2024
x min read
Provenance Gold discovery in Oregon
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One of the most promising new gold discoveries has just been found in Oregon. And it belongs to a publicly traded company in Canada.

What’s happening:

  • Provenance Gold (CSE: PAU | OTCQB: PVGDF) has released their first ever core assay results from their flagship Eldorado project in Oregon

By the numbers:

  • Provenance Gold’s first core drill hole EC-1 returned 2.01 g/t Au over 288.34 metres from surface, including 3.07 g/t Au over 175.26 metres, which is more than twice the previously known mineralization at depth
  • Provenance Gold also discovered a new high grade zone that returned 21.70 g/t Au over 6.10 metres, which is the deepest high grade zone ever discovered in the history of the property

Why it matters:

  • The new assays represent one of the most significant high grade, open pit assay results of any publicly traded early stage gold exploration company in North America

Going deeper:

  • The new assay results significantly expand the mineralization zones of the Eldorado property and also potentially validate that Provenance Gold’s other drilling targets may also contain more gold at much deeper depths than was previously known from historical drilling
  • The Eldorado project is located in eastern Oregon which has become much more favourable towards new mining projects of late

The intrigue:

  • The Eldorado project was previously owned by a subsidiary of Gold Royalty (NYSE: GROY) prior to being optioned by Provenance Gold and already had a pre existing resource estimate of two million ounces of gold, which was based entirely on initial drilling done at the property at much more shallow depth

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Provenance Gold for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Provenance Gold without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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