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Provenance Gold Corp. ( (TSE:PAU) ) has issued an announcement.
Provenance Gold Corp. has engaged Boart Longyear as its drilling contractor for the Eldorado project, with plans to begin reverse circulation drilling in early March, weather permitting. Additionally, a drone-based airborne magnetic survey will be conducted to refine the understanding of mineralized structures and identify new exploration targets. This strategic move aims to expand the gold system at Eldorado, which is characterized by a large, structurally controlled gold system open in all directions. The planned 10,000+ meter drilling program will focus on both expanding known mineralized areas and exploring new regions, leveraging geophysical and LiDar surveys to guide exploration efforts.
More about Provenance Gold Corp.
Provenance Gold Corp. operates within the mining industry, focusing on the exploration and development of gold properties. The company is engaged in identifying and advancing gold projects with significant potential, primarily focusing on the Eldorado property in eastern Oregon.
YTD Price Performance: -3.57%
Average Trading Volume: 524,022
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$34.77M
For an in-depth examination of PAU stock, go to TipRanks’ Stock Analysis page.
