Provenance Discovers New Mineralized Zone at Herman Assaying 5.94 g/t Gold Over 19.81m within 1.56 g/t Gold Over 254.51m From Surface: Extending Mineralization to the South

Executive Summary
- Provenance Gold reported high‑grade gold intercepts from hole ED29, the third step‑out drill in the Herman Area of its Eldorado Gold Project (Oregon).
- The hole returned 1.56 g/t Au over 254.5 m from surface, including a 2.84 g/t Au zone over 42.7 m and a standout 9.80 g/t Au over 6.1 m; a new mineralized zone of 5.94 g/t Au over 19.8 m (20.33 g/t Au over 4.57 m) was also intersected.
- Ongoing drilling (RC and diamond core) aims to test additional zones, with permits being pursued for expanded programs in 2026, indicating a potentially larger gold system.
Key Details
- Hole ED29 assay results:
- 0‑254.51 m: 1.56 g/t Au over 254.5 m (from surface).
- 15.24‑57.91 m: 2.84 g/t Au over 42.67 m.
- 24.38‑51.82 m: 4.00 g/t Au over 27.43 m.
- 24.38‑30.48 m: 9.80 g/t Au over 6.10 m.
- 234.70‑254.51 m: 5.94 g/t Au over 19.81 m (new mineralized zone).
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240.79‑245.36 m: 20.33 g/t Au over 4.57 m (high‑grade core of new zone).
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Geological context: Hole drilled southwest from the Herman area into previously undrilled ground, ~50 m south of prior hole ED27; intersected both diorite and metasedimentary host rocks.
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Exploration status:
- Assays pending for 7 additional RC holes (Zones 3‑4, Herman & Tyee Areas).
- 3 diamond core holes pending in Herman Area to extend mineralization south/southwest.
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All zones remain open in all directions; permitting underway for new drill sites at Eldorado West and East for 2026 program.
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QA/QC: Certified standards, blanks, and field duplicates inserted every ~30 m; no discrepancies reported. Samples analyzed by Paragon Geochemical (PhotonAssay™) with ~500 g charge per assay.
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Qualified Person: Jo Price, P.Geo., M.Sc., technical advisor, reviewed and approved the technical content under NI 43‑101.
Notable Quotes
“Hole ED29 is a pivotal hole in this step‑out program… we have just scratched the surface of this amazing property…” – Rauno Perttu, Chairman, Provenance Gold Corp.