Two target types were envisioned for this initial program: the first was the potential for high grade gold which was mined in the 1930s, and the second was a large bulk mineable breccia identified by drilling in 1993.
Review of the drilling supports Provenance’s interpretation that cross-faults have brought a potentially economic bulk-tonnage breccia zone to open-pit levels in the northern half of the patented claim and beyond.
The breccia mineralization extends to the north onto the Silver Glance target area, which has returned surface samples up to 3 g/t Au with 60 g/t Ag.
The breccia portion of the target was tested in 1993 with three holes which returned typical intervals of 45 to 82 meters of 0.13 to 1.03 g/t Au and 5.6 to 75.8 g/t Ag.
The longest intercept of mineralization reported from this drilling campaign was BH-17 with 80.6 meters of 0.246 g/t Au and 14.6 g/t Ag, and another hole BH-20 reported 46.7 meters of 0.34 g/t Au and 10.6 g/t Ag.
The Silver Bow project hosts a gold and silver system that extends across the five-kilometer length of the property, with numerous small historic mines and prospects across the property.
Rauno Perttu, Provenance Gold’s CEO stated “This first program on the Blue Horse patented claim returned significant results and confirmed a mineralized breccia zone that appears to continue to the north for a considerable distance.
We are looking forward to permitting and drilling the Dome targets three kilometers to the west of this program which host the best currently known targets on the property.
The reverse-circulation drilling program utilized by Provenance completed a quality assurance / quality control program with control samples, standards, blanks and duplicates inserted approximately every 100 feet.
Rauno Perttu, P.
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.