Categories
Dolly varden Silver Exclusive Interviews Irving Resources Junior Mining Labrador Gold Lion One Metals Miles Franklin Precious Metals Providence Gold Roo Gold

Bob Moriarty – Bitcoin, Water Drought, Junior Mining Stocks

Whoa! Joining us for an action packed interview is the legendary Bob Moriarty the founder of http://www.321gold.com/, as we will cover a lot of ground in this interview! Topics ranging from Market Conditions, Bitcoin, the Colorado River, Junior Mining Companies, and Precious Metals. This is an absolute must watch!

Lion One Metals: https://liononemetals.com/

Irving Resources: https://irvresources.com/

Labrador Gold: https://labradorgold.com/
Interview: https://provenandprobable.com/labrador-gold-discovers-54-17-gpt-at-big-vein-on-kingsway-gold-project/

Roogold: https://roogoldinc.com/
Interview: https://provenandprobable.com/roogold-positioned-to-be-the-next-dominant-player-in-the-new-south-whales/

Dolly Varden Silver: https://www.dollyvardensilver.com/
Interview: https://provenandprobable.com/dolly-varden-silver-3-rigs-30000-meter-drill-program-on-the-kitsault-valley-project/

Provenance Gold: https://www.provenancegold.com/
Interview: https://provenandprobable.com/provenance-gold-has-2-gold-projects-that-offer-a-tremendous-opportunity-for-savvy-gold-investors/

Eloro Resources: https://elororesources.com/

Categories
Exclusive Interviews Junior Mining Precious Metals Providence Gold

Provenance Gold has 2 Gold Projects that Offer a Tremendous Opportunity for Savvy Gold Investors

Website: https://www.provenancegold.com/
CSE: PAU | OTCQB: PVGDF

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver resources within North America. The Company currently holds interests in three properties in Nevada, and one in eastern Oregon, USA. These properties include the 5,160 acre White Rock property situated in Elko County within the Delano Mining District, the 540 acre Mineral Hill property situated in Eureka County and the 2,024 acre Silver Bow property situated in Nye County in addition to the Eldorado property located in eastern Oregon.

WHITE ROCK The White Rock project spans 5,160 acres and covers an extensive gold system, the core of which hosts gold mineralization that extends across an area at least 3.2 Km by 1.6Km. Provenance believes the geology of the White Rock mineral system is similar to the geology of the nearby Black Pine mineral system in southern Idaho. At Black Pine, the gold system is hosted in a complex of thrust faults. Provenance believes a similar thrust complex underlies the White Rock mineralization, and the postulated thrust complex will be a future exploration target.

ELDORADO The Eldorado property will receive early focus in 2022 as historic data suggests it could hold up-to-a multimillion-ounce gold resource. The company is currently in an early stage of data acquisition, verification and compliance that will result in the completion of a National Instrument 43-101 resource technical report.

Corporate Office
Provenance Gold Corp.
2200 – 885 W Georgia St.
Vancouver, BC, V6C 3E8
+1-250-516-2455
email@provenancegold.com

Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments (https://www.milesfranklin.com/contact/) Where we provide unlimited options to expand your precious metals portfolio, from physical delivery, offshore depositories, and precious metals IRA’s. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.

Proven and Probable provides insights on mining companies, junior miners, gold mining stocks, uranium, silver, platinum, zinc & copper mining stocks, silver and gold bullion in Canada, the US, Australia, and beyond.

Categories
Energy Junior Mining Providence Gold

Provenance Gold Outlines the 2022 Work Plan for the Eldorado and White Rock Gold Projects

Vancouver, British Columbia–(Newsfile Corp. – May 5, 2022) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance“) is continuing to advance its flagship gold properties at Eldorado and White Rock, with plans to drill the properties this year to support maiden resource estimates expected by the end of 2022.

Highlights

  • Provenance is finalizing exploration technical reports for Eldorado and White Rock which includes a detailed review of the geology and technical aspects of the properties to better define the geological model and provide recommendations for next steps.
  • Provenance has engaged Rangefront Mining Services of Nevada, USA and Apex Geoscience Ltd. of Edmonton, Alberta to lead a full data validation and audit of the large volume of historic information received with the acquisition of the Eldorado and White Rock projects. This work will enable effective and efficient 2022 exploration in support of maiden resource estimates.

Eldorado

White Rockhttps://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522White_Rock%252C_British_Columbia%253BProvenance%253BThe_El_Dorado%253BBureau_of_Land_Management%253BExploration%253BNevada%253BGold%253BGold_cyanidation%2522%252C%2522lmsid%2522%253A%2522a0V0W00000HOPDcUAP%2522%252C%2522revsp%2522%253A%2522newsfile_64%2522%252C%2522lpstaid%2522%253A%25228f415286-941b-317b-8942-a80b6cf4b10d%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Mr. Rauno Perttu, Co-Founder and Chairman of Provenance stated, “The Eldorado and White Rock Projects represent tremendous opportunities to add significant value in the near-term and we are excited to continue working towards maiden resources on both projects.”

Eldorado Project Summary

Provenance signed a binding option to purchase the Eldorado property located in eastern Oregon from Nevada Select Royalty Inc. and has completed the first year’s payment as announced on December 13, 2021. Nevada Select is an arm’s-length company that is a subsidiary of Gold Royalty Corp., a leading growth and Americas-focused precious metals royalty company.

The Eldorado Property was first explored in 1980 by Westley Mines. Exploration continued intermittently up until 1998 by Degerstrom, Ican Minerals, Billiton Minerals and, lastly, North Mining Ltd. There has been no work done on the property since 1998. Previous work on the property included 236 reverse circulation holes and six core holes for a total of 21,866.9 meters of drilling, including trenching, soil sampling, metallurgy, geophysics, and modelling.

A resource study was conducted by Pincock, Allen and Holt on behalf of Billiton in 1990 and at the time estimated the Eldorado property contained 38,416,000 tons averaging 0.68 g/t for 764,000 ounces of gold (at a 0.292 g/t cutoff grade) and encompassed a limited portion of the known mineralization. This estimate is considered to be historical in nature, should not be relied upon, and is provided only for historical context on development of the property. A Qualified Person has not completed sufficient work to classify the historical estimate as a current mineral resource, and it predates current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories. Provenance is not treating the historical estimate as a current mineral resource or reserve. Significant data compilation, redrilling, resampling and data verification will be required by a qualified person before the historical estimate can be classified as a current resource.

Other work that is underway includes an analysis of the current drill hole data base in preparation for a maiden model of the gold mineralization on the Eldorado gold property. This work includes review and verification of the 242 historic holes drilled on the property. Provenance plans to commence the first drilling program at Eldorado during mid to late summer, subject to drill rig availability and permitting.

White Rock Project Summary

The White Rock Property consists of 258 lode mining claims covering a combined area of approximately 5,160 acres, located approximately 105 kilometers northeast of Wells, Elko County, Nevada. On June 12, 2020, Provenance, through its subsidiary Provenance Gold USA, entered into a four-year option agreement with Nevada Select Royalty Inc., an arm’s-length company that is a subsidiary of Gold Royalty Corp., a leading growth and America’s-focused precious metals royalty company which grants Provenance Gold USA the sole and exclusive right to purchase 100% of Gold Royalty’s right, title and interest to the Property.

The White Rock Property lies at the northern end of the basin and range geological province of the western United States. The White Rock Property hosts gold mineralization and alteration patterns with similarities to low sulphidation epithermal deposits. Drilling by Provenance commenced in July 2021 and defined the stratigraphic and structural controls and grades within the extensive central area of sediment-hosted gold mineralization. The target mineralization extends across a 3.2 km by 1.6 km area centered on a complex dome structure that is believed to have formed on the upper plate of a system of thrust faults. In addition, drilling was intended to confirm results from historical drillholes that intersected numerous thick intervals of potentially open-pit grade gold mineralization, while confirming Provenance’s new understanding of the structural and stratigraphic controls of the gold mineralization.

The drillhole assay results confirmed similar results achieved by past operators and confirmed the location of a newly recognized open-ended gold mineralization feeder structure that extends across the core mineralized area of 3.2 km in length and 1.3 km in width (WR-45) while bottoming out in mineralization. In addition to the newly identified plumbing structure, recent step-out drilling continued to expand the gold mineralization in several directions from drillhole WR-23, which returned an interval of 80 meters (265 feet) of gold mineralization. Large step-out drilling tested new areas including the Rhyolite Graben to the northwest, the Nose area to the south and the newly identified plumbing structure. The Rhyolite Graben, located to the northwest and west of hole WR-23 was tested with two holes. Both intercepted gold mineralization with hole WR-32 assaying 65.5 meters (215 feet) of 0.305 g/t gold which included 20 meters (65 feet) of 0.411 g/t gold. The hole bottomed out in mineralization at 115.8 meters (380 feet) and was lost. The importance of this intercept suggests that the host rocks in the graben will host gold mineralization and now become a substantial new target.

Other work that is underway includes an analysis of the current drill hole database in preparation for a maiden model of the gold mineralization on the White Rock gold property. This work includes review and verification of the 65 historic holes drilled on the property in addition to the Company’s recent drilling on the project. As with Eldorado, it also includes certification of all drill assays. Provenance plans the next stage drilling program at White Rock during the late summer/fall, depending on drill rig availability.

Qualified Person
Steven Craig, CPG, an independent consultant and qualified person as defined under National Instrument 43-101, has reviewed and approved the technical contents of this news release.

About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in four properties, three in Nevada, and one in eastern Oregon, USA. For further information please visit the Company’s website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122893

Categories
Energy Junior Mining Precious Metals Providence Gold

Provenance Gold Updates Progress and Provides Further Data on Its Eldorado Gold Project in Eastern Oregon

Vancouver, British Columbia–(Newsfile Corp. – March 14, 2022) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance“) is pleased to announce that it has acquired a large volume of historic data on the Eldorado property that it is digitizing. As a result, the Company has a full historic drill hole data base which it has used to generate cross sections, long sections and horizontal plan sections using the property’s historic 242 drill holes. The Company is very pleased by the information gained from these studies.

Based on the current evaluation work, Provenance has determined that the gold mineralization is locally high-grade within a large volume of lower grade values and is open in all directions and vertically. Additionally, within the larger expanse of the project, numerous undrilled areas could expand the mineralization considerably. Provenance’s review of the cross sections shows that much of the historic drilling was shallow, and stopped above, and even within the mineralization. The following figure shows the distribution of the Eldorado drill holes and the location of the following cross section.

Figure 1. Eldorado Project drill holes and cross section location
Full resolution: https://www.provenancegold.com/images/gallery/PAU_News_130.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5654/116625_5c9c4d5304d1e9fc_001full.jpg

The following drill hole cross section is a northwest trending, 60-meter wideband, which shows all drill holes along this cross section. Note that gold mineralization is at least 200 meters deep along this cross section. A number of high-grade gold samples are found in many of the holes displayed.

Figure 2. Drill hole cross section showing assays and depths of holes
Full resolution: https://www.provenancegold.com/images/gallery/PAU_News_132.jpg

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5654/116625_5c9c4d5304d1e9fc_002full.jpg

The following assay summary table is a 7-hole selection of some of the holes along the cross section. Data is presented in both meters / grams and feet / ounces. The cutoff grade selected was 0.1 g/t and 0.1 ppm. Some selected highlights include R-136 with 134.1 meters of 2.09 g Au, R-001 with 71.6 meters of 0.86 g Au, R96-C1 with sequential intervals of 91.44 meters of 1.4 g Au and 151 meters of 1.2 g Au. Some of the highest grades found in the data include 40.4 g Au in R-90 and 44.19 g Au in R-136 (see table). Note the thicknesses and the longer intervals are centered by much higher grades than the average.

Hole #MetersMetersMetersGOLDFeetFeetFeetGOLD
DepthFrom/ToThicknessgm/tDepthFrom/ToThicknessopt
R-00171.60-71.671.60.862350-2352350.025
(N, -90)
R-021103.60-27.427.41.323400-90900.038
(N, -90)9.1–21.312.22.45including30-70400.072
39.2-65.525.91.49130-215850.043
53.3-59.46.15.02including175-195200.147
68.6-103.6350.179225-3401150.005
R-3185.30-85.385.31.132800-2802800.033
(S37W, -60)35-85.350.31.65including115-2751600.048
R-9067.10-67673.232200-2202200.094
(S37W, -60)32-67355.56including105-220950.16
48.8-65.516.79.63including160-215550.28
50.3-51.81.040.04including165-17051.17
R-1361570-12.212.20.185150-40400.005
(W, -55)22.9-157134.12.0975-5154400.061
62.5-91.428.91.67including205-300950.049
100.6-15756.43.8including330-5151850.111
118.9-150.9325.95including390-4951050.174
120.4-129.59.113.25including395-425300.386
128-129.51.544.19including420-42551.29
R-153120.43-111.2108.21.039510-3653550.029
(N51E, -45)42.7-97.554.81.61including140-3201800.047
R-96-C-1369.47.31-91.4491.441.408121224-3243000.041
(N45W, -60)26.2-34.17.92.3including86-112260.067
Core37.8-45.17.33.06including124-128240.089
51.8-83.531.71.68including170-2741040.049
91.4-250.5151.81.206324-8224980.035
100.6-11817.43.09including330-387570.09
112.5-114.31.814.61including369-37560.426
136.2-145.49.21.702including447-477300.05
158.2-176.518.32.08including519-579600.061

Figure 3. Selected drill hole assays of some holes in the cross section
Full resolution: https://www.provenancegold.com/images/gallery/PAU_News_131.jpg

The Eldorado gold mineralization is on BLM land that Provenance controls, but unlike Nevada, Oregon exploration drilling must be permitted by both the BLM and DOGAMI, Oregon’s department of geology. The Company expects to obtain both permits to begin confirmation drilling within the next several months.

The staged work program includes completing compilations from the various historic studies, drilling 20 confirmation holes over a wide area of the property, and planning and permitting a second larger round of drilling into obvious targets and new areas.

As Steven Craig, project manager said, “Holes like R-90 with 67 meters of plus three grams starting at surface are rare. I look forward to starting the confirmation drilling.”

Steven Craig, P. Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical contents of this News Release.

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in four properties, three in Nevada, and one in eastern Oregon, USA. For further information please visit the Company’s website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116625

Categories
Junior Mining Providence Gold

Provenance Gold Provides Update on Technical Disclosure

Vancouver, British Columbia–(Newsfile Corp. – March 11, 2022) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance“) is issuing this news release to clarify its disclosure as a result of a review by the British Columbia Securities Commission. The Company has been advised that certain wording used in previous news releases and communication could have implied the existence of current mineral resources on projects controlled by the Company. All resource estimates are considered historical in nature and are based on prior data and reports prepared by previous property owners. Projects controlled by the Company do not host a current mineral resource at this time.

Following the review, the Company has made revisions to its corporate website and investor presentation, as well as removed certain historical disclosure from social media channels. The Company encourages shareholders to review the current corporate website and presentation at: www.provenancegold.com.

Qualified Persons

Certain historic disclosure issued by the Company was reviewed and approved by Rauno Perttu, the Chief Executive Officer of the Company, as a qualified person in accordance with National Instrument 43-101. Mr. Perttu is a registered Engineering Geologist with the Oregon State Board of Geologist Examiners. The Company has been advised that this registration does not meet the requirements for a qualified person in accordance with National Instrument 43-101, and as a result Mr. Perttu will no longer review and approve disclosure as a qualified person.

Steven Craig, P. Geo., an independent consulting geologist and qualified person for the purposes of National Instrument 43-101, has conducted a review of historical technical disclosure made by the Company and at the time reviewed and approved by Mr. Perttu. Mr. Craig has approved this disclosure based on the information that was available to the Company at the time and subject to the clarifications noted below. Mr. Craig has also reviewed and approved the technical contents of this News Release.

Eldorado Property

Disclosure made by the Company through social media channels on December 14, 2021 included references to a mineral resource at the Company’s Eldorado Property. The Eldorado Property does not host a current mineral resource. All resource estimates for the Eldorado Property are considered historical in nature and are based on prior data and reports prepared by previous property owners. While the Company does hope to produce a current resource estimate for the Eldorado Property in 2022, to date a qualified person has not done sufficient work to classify any of the historical estimates as current. Significant data compilation, redrilling, resampling and data verification will be required by a qualified person before the historical estimates on the Eldorado Property can be classified as a current resource.

White Rock Property

Disclosure made by the Company through social media channels on August 16, 2021 and October 13, 2021 included references which could have implied the existence of a mineral resource at the Company’s White Rock Property. While the Company does hope to produce a maiden resource estimate for the White Rock Property in 2022, to date no resource estimate exists for the White Rock Property and any previous references to a resource should not be relied upon. The Company also cautions that past results and discoveries on properties in proximity to the White Rock Property are not necessarily indicative of the presence of similar mineralization on the White Rock Property.

Mineral Hill Property

Disclosure made by the Company through a news release issued on April 22, 2021 included references to historical bulk sampling of dumps existing on the Company’s Mineral Hill Property. These samples could have implied a value across the full range of dump material located on the Mineral Hill Property. The Mineral Hill Property does not host a current mineral resource. Disclosure of this information should not have been, and should not be relied upon until, a qualified person has done sufficient work to establish a current resource in accordance with current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories.

Silver Bow Property

Disclosure made by the Company through a news release issued on January 22, 2020 included references to the Silver Bow Property hosting a lower grade gold resource. The Company clarifies that to date no resource estimate exists for the Silver Bow Property and any such references should not be relied upon.

Economic Assessment

Certain historic disclosure issued by the Company includes references to the evaluation of the economic merits for development of the projects held by the Company. The Company clarifies that its current projects are at an exploration phase and have not yet advanced to a point where evaluation of the economic prospectus for development can be reasonably assessed.

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in four properties, three in Nevada, and one in Eastern Oregon, USA. For further information please visit the Company’s website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116415

Categories
Energy Exclusive Interviews Junior Mining Precious Metals Providence Gold

Provenance Gold – Large Gold Systems Nevada – Oregon

Maurice Jackson:

Joining us for a conversation is Rauno Perttu, the CEO of Provenance Gold (CSE: PAU | OTC: PVVDF), which has some very compelling gold and silver projects throughout Nevada and Oregon. Before we delve into company specifics, Mr. Perttu, please introduce us to Provenance Gold and the exciting opportunity the company presents to shareholders.

Rauno Perttu:

Provenance Gold has three projects in Nevada that I think are all individually exciting, and one in Oregon that I believe is a game-changer. We have a project called White Rock in the North-Eastern corner in Nevada that I think is going to become a very serious major deposit. We have a project called Mineral Hill, which is a silver project that is potentially a large bulk mineable silver target. We have the Silver Bow in Southern Central Nevada that has a flow dome complex that I think is going to be a gold surface mine with deep potential for high-grade as well. And then we have the recently acquired Eldorado Project in Oregon, which has a proven drilled resource of multimillion ounce build right now at a higher-than-average grade for open-pit mines.

Maurice Jackson:

Let’s find out more. Mr. Perttu, please introduce us to your property bank, which is strategically located throughout Elephant country, regarded as the top jurisdiction for exploration and mining which is Nevada. Sir, take us to Nevada and introduce us to the flagship White Rock gold project.

Rauno Perttu:

The White Rock project was brought to us by Jerry Baughman of Desert Ventures, and it’s a royalty company, a very successful royalty company. We looked at the project. The reason we took it on was that Steve Craig, our project manager and expert for Nevada had drilled it for Kennecott years ago and loved the project. In that work that we did from historic data that we had acquired, we recognized that the property was much bigger than what was brought to us. So we expanded it to 258 claims, about 5,160 acres. In that acreage, we have an area of 3.2 kilometers by 1.6 kilometers that are virtually continuously surface-mineralized.

Rauno Perttu:

We started drilling on the White Rock in the spring of 2021. We put in 35 holes that added to 65 holes that were drilled historically, which all showed a bulk-tonnage, half a gram per ton gold system that appears to be continuous in sedimentary rocks. We are looking not only at the bulk tonnage potential, but we think at the end of our drilling program, we found first the feeder structure that will bring higher grades and increase the overall grade as we move forward.

Maurice Jackson:

Provenance Gold believes the geology of the White Rock mineral system has similarities to the geology of the nearby Black Pine gold system in Southern Idaho. Can you expand on that for us?

Rauno Perttu:

That is what intrigued me right off the bat. I’ve had a lot of background in thrust folding and thrust complexes. When I looked at the geology of the Black Pine of Liberty Gold there about 50 miles to the east, it was virtually identical. Their mineralization is within a thrust zone package. That thrust package is gold-mineralized. We are in, I believe the same thrust package, but we’re higher in the system, so we’re looking at a structure that is our arch dome. A dome is a structure that has been faulted as part of the doming and it’s formed by the thrusting underneath. So what we’re looking at is the same age rocks, the same lithology as the Black Pine. I believe a system that is going to repeat, as well as another area that we have to the west. We have two potential Black Pine-type deposits under control right now.

Maurice Jackson:

Speaking of lithology, can you share the historic exploration work?

Rauno Perttu:

The White Rock project was looked at by several companies, including Kennecott and they drilled widely spaced holes. The widely spaced holes had up to over 300 feet of continuous gold mineralization, and nobody ever put it together. The reason they never put it together is company A would come in and they would look at one part of the project. Company B would come in and look at a different one. When Steve Craig’s company, Kennecott, in which I was in senior management years in the past, came and looked at it, they were looking for a higher-grade system, which was in vogue at that time. They wanted at least several grams of gold per ton.

Rauno Perttu:

Today, by the way, the average grade of the Nevada mines is about half a gram, which is what the White Rock project is. So they left the project, even though Steve was intrigued and he hit one of his holes. It went 5.7 grams in one of the zones that we have not yet followed upon. The White Rock Project is going to continue to expand as we drill to the south, because the best surface shores, we have not yet reached with our drill rig. We began at the north end, towards the southeast until the weather drove us south.

Maurice Jackson:

May I ask this as well, you referenced that you began your inaugural drill campaign. How many pending assays are there still?

Rauno Perttu:

We have gotten all the assays for this season back already. That was 35 holes. We had a terrible problem with drilling that will not be a problem with a mine. As we came into the main gold area, we would run into open fractures, big cracks in the rock. The reason that becomes a problem is with the drill rig and the cracks in the rock, you can lose your drill steel, which we did on more than one occasion. We can also get stuck and back out because you don’t want to drill any further. We worked around that problem and we ended up with a solution going forward. But what we have outlined now is a gold area that is going to extend. We have extended it right now for about a kilometer and a half and we are planning on extending it another kilometer and a half heading southward into an area that has the best surface shores of any part of the property not yet drilled.

Maurice Jackson:

Well, before we leave the White Rock, what work is currently being conducted there, sir?

Rauno Perttu:

We are right now having Steve and a couple of his assistants working on getting a 43-101 presentation to show the resource as it stands at the moment. Beyond that, we are also putting together a detailed structural picture. What we’ve found is that the dome itself is mineralized in sedimentary rocks, but the higher grade portions are in the feeder structures that bring the mineralization into those dome structures. The detailed geology is starting to fall into place when they go back in and look at the chip tray.

Maurice Jackson:

Leaving Nevada, let’s visit Oregon where Provenance Gold has announced that it has expanded its footprint with the newly acquired Eldorado property, which hosts not one, not two but three historic resource estimates. Mr. Perttu, congratulations.

Rauno Perttu:

Thank you.

Maurice Jackson:

Please acquaint us with the Eldorado property beginning with the location. And what can you share with us about the historic resource estimates?

Rauno Perttu:

The reason that we got into the Eldorado Project was A, because Jerry Baughman impressed with our work on White Rock. And so he offered the Eldorado Project, which was being looked at hard by a major, and we got first rights ahead of the major, which I was very pleased with. The Eldorado Project is in Harnett County, in the Eastern part of the state, near Nevada. It’s in the county that contrary to Western Oregon is very friendly to mining and is treated separately from the permitting difficulties that you hear about in Western Oregon. Allow me to back up. I have a good friend who’s the chief regulator for Oregon who has now just retired, unfortunately. But he told me that Oregon was misconstrued by the outside world.

Rauno Perttu:

He said you can permit a mine in Eastern Oregon, and that there is one that is being mined or permitted successfully right now. And he said we should be tackling this before everybody recognizes the error or their ways and this is a great area to be in. So we tackled the project. We were stunned to find out that it had three estimates by Billiton Minerals and ICan Minerals in the past. They had drilled 142 holes done trenching and testing historically, maybe 30 years ago. Those results originally on 150 holes were on the order of about 800,000 ounces. Then Ican took the data and drilled 50 more holes and expanded the resource to about 2 million ounces at a grade of 0.22, better than half a gram by considerable.

Rauno Perttu:

And then they did one more re-estimate on the Eldorado Project a little bit later that jumped the area that they were comfortable with to 4 million ounces at a grade of 0.22 ounce per ton. The geologist who worked on that project told us, because he’s still around and still working, he was surprised to find that it was open in every direction. That resource is not going to stay at 4 million ounces in his estimation. It’s going to expand considerably.

Maurice Jackson:

That’s encouraging to hear. Well, that may answer my next question. But what has your team excited the most about the Eldorado property?

Rauno Perttu:

Two things. First of all, it has higher-grade portions. It has places that go to as high as an ounce per ton. It’s a system that when they drilled it, they cut off most of the holes at 500 feet. They were not looking for feeder structures. What has happened since then is we have seen that the mineralization continues on down. It continues outward. We have a property where we can start at a much higher grade but have an overall grade that’s better than, 0.2 ounce per ton, which is unusually high for an open-pit these days.

Maurice Jackson:

All right. You have three historic resource estimates. Does Provenance Gold have a timeline on when the Eldorado property will become 43-101 compliant? And how will this come to fruition?

Rauno Perttu:

We recently had a record snowpack in the Northwest, so that’s going to possibly slow us down a few weeks. But as soon as the snow is out and we can get it permitted, the permitting process will be no longer than 30 days. But we will be putting a drill rig on site. That drill rig will focus on twinning some of these historic holes so that we can make those holes compliant. As you may know, 43-101s have a different set of rules than they did before, 43-101s. All of these holes were drilled before 43-101 requirements. What we plan to do is to verify those holes, even though they were drilled for internal use by very reputable companies using very good labs, so we’re comfortable with the results. We’re planning on drilling possibly 15 to 20 confirmation holes and using that data to then compile a 43-101 that will verify those resource estimates that were done in the past.

Maurice Jackson:

And maybe this is too early to tell, but how many meters will that be sir, of drilling?

Rauno Perttu:

It’s a little early off the top of my head, but take 20 holes at an average depth of 600 feet, and there’s your number.

Maurice Jackson:

Leaving the Eldorado property, sir, please introduce us to the third compelling project in your portfolio, Mineral Hill, which looks to be endowed with tons of silver.

Rauno Perttu:

Mineral Hill is an odd property. I wasn’t taking it very seriously until I went out and saw it and we acquired it because it’s a ridge that was mined for high-grade silver starting in 1868. That mining continued until the 1930s. When they started it, they were getting silver at the grades of about 140 ounces per ton, which is remarkable. As they ended mining, they were in 25 ounces per ton material, which by the way, the reason for the high grade was because it was secondarily enriched, which silver does. When they got out of that secondary enrichment zone, the average grade of that zone was about 25 ounces per ton. Well, their waste rock, and there’s a copious volume of waste rock on the property, a stunning amount of waste rock on that property, averages about 120 grams between three and four-ounce of silver per ton on bulk testing that was done before our coming in.

Rauno Perttu:

If one compares that to a project like Coeur’s Rochester Mine, which is mining a half-ounce silver per ton, and you can see where three, four-ounce silver per ton is a very economic number on a bulk tonnage situation. We have a road that needs to be widened and improved, and we’re going to get a drill rig in there probably toward the end of this coming summer because our priorities are the two aforementioned projects, and putting some confirmation holes into that silver structure. The reason I like Mineral Hill is the mineralization is focused on a thrust fault that’s standing on its end. That thrust fault has a zone of mineralization about 300 feet, a 100 meters wide, a lot associated with it. That zone is about a kilometer north, south. We think that there’s no reason to have chopped off the mining in the old days, other than the fact that they ran into groundwater problems, which would not be a problem today.

Maurice Jackson:

I’m assuming that you’ll be twinning these holes as well.

Rauno Perttu:

Actually, in that area, we don’t need to. When you see that property, it looks like Swiss cheese. There are huge workings in there and the twinning holes isn’t going to do us any good. What we’re going to do is put angle holes across that thrust fault working our way downhill. The deposit is on a funny little Hog’s back ridge like this, which actually for mining is going to be wonderful because of the strip ratios. But anyway, we’re going to drill from the side holes coming on in through the thrust zone and chase it down that way.

Maurice Jackson:

Interesting. Leaving Mineral Hill, sir, introduce us to your fourth and final project, the Silver Bow, which seems to be the perfect compliment to Mineral Hill.

Rauno Perttu:

The Silver Bow is about 50 miles east of Tonapah, Central South Nevada. Its gold system has been looked at by a lot of companies, but nobody put it together. We came in there and recognized that the whole district, which is about 4 miles long and a couple of miles wide, is part of the same system associated with the Caldera. When we looked at it, we recognized that the geologists that had drilled it in the past in one spot or another spot had never put the package together because they didn’t understand the geology. The geology is a Caldera complex. Within it, there are flow domes, which are piles of rhyolitic volcanics that are associated with a lot of the gold discoveries in Nevada, big discoveries. What we are going to look at is going too a flow dome complex that we’ve identified that has surface sampling of a breccia zone that is all economic potential for open-pit grade up to multi-gram for an open pit potential.

Rauno Perttu:

Yet at the same time, there are swarms of veins that cross this flow dome, this volcanic pile. Those flow dome structures, the veins, are associated with the boiling zone. Those boiling zones in Nevada have been the host for some very high-grade and elsewhere in the world, very high-grade gold discoveries. We’re excited to test the boiling zones of these vein structures as well as look at the bulk tonnage of the breccia zone that already has economic surface numbers across the big area.

Maurice Jackson:

Have drill targets been identified and what is the plan moving forward?

Rauno Perttu:

Drill targets have been very much identified. We’ve done the geology on Silver Bow. We know where the main structures are. We’re planning on setting up and drilling across those vein structures. If we can do it right, we’re going to be drilling some of those holes through that breccia zone that we already know is gold-mineralized and into the veins’ forms, hopefully at their boiling zones. That’s going to be a fun, exciting program.

Maurice Jackson:

I’m looking forward to it. Now, before we leave the property bank, multi-layered question, what is the next unanswered question for Provenance Gold? When can we expect a response? What determines success? And when can we expect news flow?

Rauno Perttu:

First of all, on news flow, the two news stories that are coming up are going to be the 43-101s that are going to take the next two, three months to complete. The next major news flow that we’re going to get is going to be when we start doing the twinning at Eldorado because that’s going to, I think, get eyes on us. When you have holes that you can drill that are up to multi-gram for several hundred feet and continuously in gold, which the historic holes had, then that’s going to catch attention. Especially because we’re confirming a potentially a multimillion ounce resource.

Rauno Perttu:

I think you have to wonder what is our long-term plan? Well, obviously for a junior to advance major projects like this, we need help or partnership or takeover. And being as we already appear to have snatched Eldorado from the jaws of a major, I think we’re going to have an interest as we move forward in that takeover. Our goal is to make as much money for the shareholders as we can in the nearer term, which means the next year to two years, not long-term.

Maurice Jackson:

Now leaving the project site, let’s discuss some important topics germane to your projects. Are your projects 100% owned or do they have earning options?

Rauno Perttu:

Right now we have an option on Eldorado. That means that we will be paying $2 million over five years. And we have a hundred percent ownership with the retained royalty. On White Rock, we are paying $250,000 over five years and we will own a hundred percent with a retained royalty. For Mineral Hill and Silver Bow, we have very cheap deals that will result in us taking them over the next seven years and five years.

Maurice Jackson:

Now we’re going to get into some numbers later in this discussion, but from a capital expenditure standpoint, how is infrastructure on your projects?

Rauno Perttu:

They all have by standards elsewhere in the world, good infrastructure. By Nevada standards, you go off paved roads onto a dirt road for a distance and you’re there. So they’re accessible by drillers and by drill rigs right now. There are motels within driving distance, the whole package. So access is not a problem compared to working for instance, in Northern Canada.

Maurice Jackson:

Are you fully permitted?

Rauno Perttu:

We are fully permitted as we need to be. Our permitting will take place as soon as the snow is gone at Eldorado. We have confirmed that there will be no problem in permitting our drilling program there. On White Rock, we are permitted and we are adjusting the permits now for the next round drilling, which is not going to be any hurdle whatsoever. So there’s no hurdle that we see in permitting on any of the four projects.

Maurice Jackson:

Speaking of hurdles, we’ve discussed the good, let’s address the bad. What can go wrong and what are your action plans to mitigate that wrong?

Rauno Perttu:

The worst thing that can go wrong is gold price can go in the toilet, which I don’t believe. The other thing that we can run into is any changes in the national regulatory system regarding mining. I don’t know if that’s a risk, but that’s a risk anywhere in the world. As far as our projects, I don’t see any major downside because we have the funding to drill these projects. We understand the geology. And overall, it’s about as good a bet as you’re going to get. I think a far safer bet than somebody like Bitcoin.

Maurice Jackson:

Switching gears, let’s introduce your board of directors and management team who run the majority of the company’s operations on a day to day basis, beginning with your board of directors.

Rauno Perttu:

The two people that have been doing most of the work within the board of directors are Rob Clark, our president, and myself.

Maurice Jackson:

On the technical side you have Steve Craig what skillsets does he bring to the table?

Rauno Perttu:

He’s an outside consultant, but he’s an integral part of the company. I’ve known Steve for 30-plus years. When he was exploration manager for Nevada and Kennecott, I was director of business development. We got to be friends. I trust him. He does really good work. He’s been involved in discoveries across Nevada. I think that he will agree with me a hundred percent that we have two discoveries in the making right here.

Maurice Jackson:

Who is Rauno Perttu, and what makes him qualified for the task at hand?

Rauno Perttu:

I have my degree’s in Geology, and I began my career in my early 20s. I am now an old fart and I have been working in Geology my entire career in various positions. I’ve made discoveries, including a major gold system in Montana. I have served in senior positions including director of business development for Kennecott. I have looked at properties around the world. My forte, I think, is actually in deciding whether a project is going to be economically developable. That’s because I have had training from my first boss who was a geological engineer, who said that your position as a geologist for Pacific Power, is not to be a geologist but to make money for the company. I’ve always remembered that. And he taught me how to evaluate from a mining standpoint projects.

Rauno Perttu:

I have always followed up on that. If you’re going to have a mine, you have to cover all the red flags. You can’t hide them. You have to face them. That will be your first way of deciding whether it’s a good or bad project. If you have a great project, but it’s in the middle of Yellowstone Park, you’re not going to do anything with it. So we went down that road and we have used those criteria in our company. If we have a project, we know it’s developable, we learned from the Yukon that even though everything else was right, if the cost is going to be prohibitive and the season is going to be short for a junior, that’s not the place to be. Therefore, we switched immediately when we made that discovery and are in a place you can work year-round. The costs are very good on a development and exploration basis.

Maurice Jackson:

Well, I admire the veracity and the perfect blend of that geological and business acumen. It all comes together right here in Provenance Gold. How about the boots on the ground? Who do you have on your technical team?

Rauno Perttu:

Right now, our main technical is Steve Craig and myself. We have brought in other geologists as we need to on a part-time hiring basis. When we were drilling, we had two geologists that we brought in to sit on the drill rigs with Steve’s supervision and my supervision of Steve. The two of us, by the way, have a combined history in the mining business of more than a hundred years. We have both had extensive experience in both discovery and property development in Nevada.

Maurice Jackson:

Well, let’s get into some more numbers here. Please provide us with the capital structure for Provenance Gold.

Rauno Perttu:

Provenance right now, we have about $1.3 million in cash. That is all we want to take in right now because we are very concerned about not diluting the company to maximize share value. We have little less than 80 million shares outstanding right now and about 33 million warrants. We’re trying to keep that number in that kind of a very manageable level moving forward. We’ve been offered a lot more money, but we don’t want to take it until we need it. And by the way, one of the main reasons we don’t want to take it is we think our company is highly undervalued. When you have two potential multimillion ounce projects, two other promising projects, and you’re trading at what we’re trading at right now, there’s something wrong with that picture. I think it’s going to be corrected when we do our confirmation drilling at Eldorado.

Maurice Jackson:

I have a Rolodex of names in the space here that are very well recognized. That’s the very reason why I we are speaking with you because they feel the same way.

Rauno Perttu:

Oh, good.

Maurice Jackson:

All right, sir. How much debt do you have?

Rauno Perttu:

Zero.

Maurice Jackson:

And what is your burn rate?

Rauno Perttu:

When we are not drilling, our burn rate is less than about $20,000 to $30,000 a month. The reason it’s a hard number is you have payments on claims. You have all these other things that come up. So our burn rate is, call it $30,000 a month, but it fluctuates completely with what’s going on with the program and the timing for paying our claims. In the United States, you pay claims on the first day of August. It’s not a large number, but it’s a number that hits once a year.

Maurice Jackson:

What percentage ownership does management have and who are the major shareholders?

Rauno Perttu:

Management owns about 15%. But not only do we have that ownership, but a lot of the early stock is also in friendly hands. We are very comfortable that we are in control of the company until we decide that we want to make a deal with a major.

Maurice Jackson:

What is the float? I believe it was around $58 million. Is that correct?

Rauno Perttu:

Maurice Jackson:

And are there any redundant assets on the books that we should know about?

Rauno Perttu:

No.

Maurice Jackson:

Are there any change of control fees and if yes, what is the compensation?

Rauno Perttu:

No, there aren’t.

Maurice Jackson:

That’s impressive. If readers is not aware, that’s quite impressive. Very commendable, sir. And is management charging a consulting fee for any services?

Rauno Perttu:

No. Rob and I are taking modest salaries as of recently. But other than that, no fees other than paying the consulting fees for Steve Craig as a regular outside consultant.

Maurice Jackson:

In closing, sir, what keeps you up at night that we don’t know about?

Rauno Perttu:

I sleep very well.

Maurice Jackson:

Good to hear.

Rauno Perttu:

But what is frustrating to me right now is the fact that we have not gotten the recognition that I thought would be coming our way for having the package that we have and for the higher quality package we have.

Maurice Jackson:

Well, I remember offline, you were talking about your desire to leave a legacy. Do you want to expand on that?

Rauno Perttu:

I am, as I said an old fart and great health and all the rest of that. Nevertheless, I want to leave something that is worthwhile, that I can be remembered for and I can feel very happy about. So to me, Provenance is that vehicle. I think if we can make Provenance a very successful company, I will die happy. And Steve Craig, by the way, who’s almost as old as I am, has the same feeling, that this is our last hurrah. I hate that term, but that’s what it is. And we’re going to make it a good one.

Maurice Jackson:

Last question, sir. What did I forget to ask?

Rauno Perttu:

Probably any embarrassing questions and I can’t think of anything embarrassing, so I think you did a good job.  I would encourage readers to visit our website: www.provenancegold.com and or please call Rob Clark for additional inquiries at 1-250-516-2455.

Maurice Jackson:

Mr. Perttu, it’s been a pleasure speaking with you today. Wishing you and Provenance Gold the absolute best, sir.

And as a reminder, I’m a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio from physical delivery, off-shore depositories, and precious metal IRAs. Call me directly at 855-505-1900 or you may email, maurice@milesfranklin.com. And finally, please subscribe to provenandprobable.com, where we provide mining insights and bullion sales. 

Categories
Junior Mining Precious Metals Providence Gold

Provenance Gold Completes Strategic $800,000 Non-Brokered Private Placement Earmarked for Initial Gold Resource Calculation at Eldorado

Vancouver, British Columbia–(Newsfile Corp. – January 13, 2022) – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “Company” or “Provenance“) is pleased to announce the closing of a non-brokered private placement for 5,000,000 units (each, a “Unit“) at a price of $0.16 per Unit for gross proceeds of $800,000. Each Unit consists of one common share of the Issuer (each, a “Share“) and one common share purchase warrant (each, a “Warrant“) with each Warrant entitling the holder thereof to purchase one additional common share (each, a “Warrant Share“) of the Issuer at a price of $0.24 per Warrant Share until January 13, 2025.

Proceeds of this private placement are earmarked for the drilling and subsequent initial resource estimate on the Eldorado property in addition to advancing work on the Company’s Nevada properties, particularly the White Rock property as well as general working capital.

Provenance plans to generate resource estimates on both its White Rock property in Nevada and its Eldorado property in eastern Oregon during 2022, which will be detailed in technical reports prepared by the Company in accordance with National Instrument 43-101. The White Rock property will be a maiden resource calculation while the Eldorado property will begin to substantiate historical resource estimates.

As referenced in a previous news release, the Eldorado project hosts three different historical resource estimates done by reputable engineering firms based. The first was done by Billiton Minerals USA after 150 holes had been drilled. The second resource estimate was calculated by Ican Minerals after they completed an additional 49 drill holes in between the original 150. The final resource estimate which was inferred by Ican indicated an ore body approximately 762 meters wide (2500 feet) and 914 meters long (3000 feet). Provenance hopes to have a good portion of the historical resource qualified through data collection and drilling in 2022.

Historical Resource Estimates Completed on the Eldorado Property

COMPANYRESOURCE ESTIMATECONTAINED TONSGRADE
Billiton Minerals USA776,000 Ounces Gold36,000,0000.75 g/t Gold (0.0219 ounces per ton)
Ican Minerals1,860,000 Ounces Gold90,000,0000.76 g/t Gold (0.022 ounces per ton)
Ican Minerals4,000,000 Ounces Gold (Inferred)200,000,0000.76 g/t Gold (0.022 ounces per ton)

The Company anticipates the maiden resource estimate on its White Rock property over the next few months and is actively in the data collection and planning stage in anticipation of its upcoming drill program at Eldorado following the winter thaw and necessary permitting. This drill program, along with detailed historical data collection, compilation and modeling will be a key driver in producing a current and comprehensive resource estimate for the Eldorado property.

Provenance’s CEO, Rauno Perttu states, “with this funding, the Company is in an excellent position to advance its projects without diluting any more than is necessary at this time. With two cornerstone projects we believe we are in a very enviable position as a junior exploration company to potentially have two significant gold discoveries. We are fortunate to have experienced and influential funding partners that believe in the long-term outlook for the Company.”

No finders’ fees or commissions were paid in connection with completion of the private placement. All securities issued in connection with the private placement are subject to restrictions on resale until May 14, 2022 in accordance with applicable securities laws.

Rauno Perttu, P. Geo., a Qualified Person (as defined by National Instrument 43-101), and the Chief Executive Officer of the Company, has reviewed and approved the technical contents of this News Release.

The above-referenced resource estimates are considered historical in nature and as such are based on prior data and reports prepared by previous property owners. A qualified person has not done sufficient work yet to classify the historical estimates as current resources in accordance with current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories and the company is not treating the historical estimates as current resources. Significant data compilation, redrilling, resampling and data verification may be required by a qualified person before the historical estimates on the project can be classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured resource category.

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver resources within North America. The Company currently holds interests in four properties, three in Nevada, and one in eastern Oregon, USA. For further information please visit the Company’s website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109979