Provenance Gold Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Suite 2200 – 885 West Georgia Street Vancouver, BC Canada V6C 3E8 |
| Tel No.： | 1-541-930-0986 |
| Web Site： | https://www.provenancegold.com |
| E-mail： | email@provenancegold.com |
| Contact Person： | Rob Clark |
| Position： | President |
| Traded Market： | CSE | OTCQB |
| Traded Symbol： | PAU | PVGDF |
| Outstanding Shares： | approx. 138.88 million |
| 52 Week High： | $ 0.405 |
| 52 Week Low： | $ 0.07 |
| Present Price： | Click Here |
Provenance Gold is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, United States.
Eldorado Project, Oregon
Project Overview
The Eldorado Project is a district-scale land position totaling 7,915 acres (32.03 sq. km) located approximately 60 kilometres (38 miles) northwest of Vale in Malheur County, Oregon. The property hosts a pre-43-101 non-compliant resource estimate of 1.98M oz at 0.753 g/t gold. The large-scale surface mineralized system remains open in all directions.
The project benefits from excellent nearby infrastructure, road accessibility, and federal support, with the Grassy Mountain project, located just 35 km away, included under the FAST-41 permitting initiative.
The project consists of the Eldorado West and Eldorado East properties, both of which feature highly prospective geology and concise resource targets.
Eldorado West
- Historical pre-43-101 non-compliant 2 million oz gold resource estimate at 0.75 g/t gold
- EC-01: 288m at 2.01 g/t gold from surface including 175m at 3.07 g/t gold
- Over 24,000 meters of drilling completed historically and by Provenance
- Strong metallurgical recovery demonstrates the project is amenable to heap leach extraction and gravity / flotation
- Tremendous expansion potential – both laterally (+1000m) and to depth
- Reverse circulation drilling underway with core drilling program planned for July
- Provenance holds a binding option to purchase the property from Nevada Select Royalty Inc. (“Nevada Select”). Nevada Select is an arms-length subsidiary of Gold Royalty Corp. (NYSE: GROY).
Eldorado East
- Historical pre-43-101 non-compliant resources: Sunday Hill: 170,000 oz+ at 23.15 g/t gold; Randall Mine: 50,000 oz+ at 8 g/t gold
- Recently staked 4,529 acres of BLM land on-trend
- Ground-work, sampling and drill permitting underway
- Expected to be permitted and ready to drill by the fall
Sunday Hill (Eldorado East)
- The historical Sunday Hill mine was drilled and re-evaluated by Capri Resources in the 1980s.
- Capri reported a near-surface gold-bearing zone averaging 23.15 g/t gold with a historical resource of 231,000 tonnes.
- The zone was reported to be within 10.7 metres of the surface, 7.6 metres thick, widening to 18.3 metres at its deepest underground exposure, 61 metres downdip (Hogg, 1927).
- The gold horizon remains open in all directions (Castleon summary report, 1993).
Mormon Basin (Eldorado East)
- The Mormon Basin extends across much of the Eldorado East property
- Hosts numerous historic high-grade lode and placer gold mines dating back to the late 1800s and early 1900s
- Has seen very little systematic or modern exploration
- Provenance believes the near-surface historical gold mineralization in and around the Mormon Basin is part of a potentially large bulk gold system that includes both the original Eldorado and the new Eldorado East expansion
- Provenance has begun initial ground truthing, data compilation and review work.
2023 Exploration (Eldorado West)
- Consisted of 11 holes totaling 1,446 meters with all holes intersecting significant gold mineralization and many ending in mineralization within geological breccia zones
- Confirmed historical assays allowing for additional confidence in historical work
- Identified a thick, newly recognized zone of higher-grade gold mineralization that starts below the reach of historical drilling and is evidenced by higher-grade gold intervals
- 2023 drilling highlights (Holes ended in strong mineralization):
- Hole ED-03: 140.208 metres of 1.15 g/t gold;
- Hole ED-04: 137.160 metres of 1.639 g/t gold;
- Hole ED-07: 114.3 metres of 3.085 g/t gold;
- Hole ED-11: 118.872 metres of 3.278 g/t gold.
2024 Core Drilling (Eldorado West)
EC-01 Highlights
- EC-01 was drilled to a total depth of 338.18m, returning 2.01 g/t gold over 288.34m from surface including 3.07 g/t gold over 175.26m
- Extends the upper zone from ED-07 and central zone from ED-11 and discovered the new lower zone
- Significant mineralization from surface
EC-02 & EC-03 Highlights
- EC-02 intersected 156 meters that assayed 0.501 g/t gold including 32 meters of 0.94 g/t gold.
- EC-03 intersected 154 meters of 0.8 g/t gold, including 13.7 meters that assayed 3.02 g/t gold and 12.2 meters containing 2.57 g/t gold, which represent new high-grade zones. This newly recognized higher grade area is open both down dip and in both directions.
- The results from EC-02 and EC-03 are consistent with the presence of the broad mineralized zone found in RC hole ED-04 and support the model that the NE-SW mineralized structure is a significant gold bearing structure, punctuated with multiple higher-grade intervals.
Provenance has commenced a staged 10,000+ meter RC and Core drill program at Eldorado in April, 2025, to confirm and expand the mineralization in historical drill areas and in additional key target areas identified during 2023 and 2024 field work.
Management and Directors
Rauno Perttu, Chairman & Chief Executive Officer
Mr. Perttu is a registered professional geologist whose experience spans more than 40 years covering all aspects of mineral development throughout North, Central and South America, and Australia. Mr. Perttu has participated in all phases of project development from initial concept through exploration, discovery, feasibility, development and operations at senior management levels. He holds B.A. and MSc degrees in geology and is a registered engineering geologist in Oregon.
Rob Clark, President
Mr. Clark is a driven entrepreneur and venture capitalist with over 25 years of business experience within both the private equity markets, and domestic and international equity markets. He has been a part of numerous transactions including mergers, acquisitions, company buyouts, public offerings, financing and restructurings. Mr. Clark has an extensive understanding and hands on ability in business and management consulting and is knowledgeable in all areas of private and public company operations.
Thomas Martin, Director
Mr. Martin has been an athlete all his life and was awarded a full ride scholarship to the University of Denver where he continued his hockey career. After his hockey career wound down, he ventured into business and finance where he has managed and invested in several successful businesses over the years. Mr. Martin has also utilized his sports and media ties domestically and internationally to raise capital for both private and public corporate entities.
Fiona Fitzmaurice, Chief Financial Officer
Ms. Fitzmaurice is a chartered professional accountant with extensive experience in accounting, financial controls, corporate audits, private placements, and corporate acquisitions.
Advisory Board
Jo Price, M.Sc., MBA, P.Geo., Technical Advisor
Mackenzie (Mac) Watson, Senior Exploration Advisor
Andy Bentz, Advisor, Oregon Specialist
Jeffrey Alam, Senior Strategic Business Advisor
On January 07, 2026, Provenance Gold Corp. announced the assay results from the final seven reverse circulation (RC) drill holes in the Tyee and Striker areas which form part of Eldorado West Project in Eastern Oregon. The five new holes from the Tyee area continue to define broad, continuous, gold mineralization across multiple structural and geological domains, further strengthening the interpretation that Eldorado West is part of a large-scale, multi-kilometer gold system.
Drill holes ED-30, ED-31, ED-33, ED-34, and ED-35 confirm strong, continuous gold mineralization continues westward in the greater Tyee Area, intersecting broad and pervasive gold mineralization that includes higher-grade zones and is hosted in altered diorite (Figure 1, Table 1).
Provenance Chairman Rauno Perttu stated, "These new holes strongly reinforce the scale and continuity of open-pit grade mineralization in this portion of the Eldorado West mineralized system. The large and consistent mineralized intervals encountered in Zone 4 of the Tyee area show that Eldorado West continues to grow significantly and remains open in all directions. We are still in the early stages of defining what we believe will become a very significant gold district. We are permitting major step-out drill pads at Eldorado West for the 2026 drilling season as well as our maiden drill program at Eldorado East."
On November 05, 2025, Provenance Gold Corp. has released assay results from the third hole of the company's first stepout drilling in the Herman area at its Eldorado gold project in eastern Oregon. Highlights:
ED29:
- 1.56 grams per tonne gold over 254.51 metres from surface and ending in mineralization, including 2.84 g/t Au over 42.67 m, including 9.8 g/t Au over 6.10 m;
- New mineralized zone: 5.94 g/t Au over 19.81 m, including 20.33 g/t Au over 4.57 m.
Current exploration : Drilling is continuing with assays from seven RC (reverse circulation) holes pending from zones 3 to 4 in the Tyee area and the Herman area. At Herman, the drilling tests the newly discovered mineralized contact zone between the diorite intrusive complex and the host metasedimentary rocks. In addition, three diamond core holes are pending in the Herman Area with a focus on extending mineralization towards the south and southwest. These core holes will provide key information about the geological controls and structural details of the mineralization. All mineralized zones at Eldorado West remain open in all directions.
Provenance chairman Rauno Perttu stated: "Hole ED29 is a pivotal hole in this stepout program. We've already demonstrated that gold is prolific at Eldorado West over a large area. We are confident much more mineralization exists within both the previously explored area and within this large new unexplored region. I'm excited because I think the gold system appears to be strengthening into this broad, unexplored area with no outcrops or prior exploration. Historic gold mining of locally derived placer gold along its borders to the south and west and our geophysics and geochemistry support our belief that the gold system continues and potentially strengthens into this unexplored area. We have just scratched the surface of this amazing property, and we haven't even begun tackling Eldorado East yet."
On October 28, 2025, Provenance Gold Corp. has closed its non-brokered private placement for gross proceeds of $4.5-million.
Upon closing, the company issued 18 million units at a price of 25 cents per unit. Each unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase one additional share at a price of 30 cents until Oct. 27, 2030.
The company continues to have two drill rigs operating at Eldorado West. Further assay results are pending.
On October 17, 2025, Provenance Gold Corp. has received an investment commitment from a strategic investment group for $4.5-million. The group has agreed to participate in a non-brokered private placement of 18 million units, which will be offered at a price of 25 cents per unit. Each unit will consist of one common share and one-half-of-one share purchase warrant, exercisable at a price of 30 cents, good for a period of five years. The offering is expected to close on or about Oct. 24, 2025, and investors have agreed to a one-year hold period on all the securities issued in the offering.
Concurrently with the closing of the offering, the strategic investor group and Provenance will enter into an investor rights agreement, pursuant to which the group will be granted certain rights provided they maintain certain ownership thresholds in the company, including: the right to participate in future equity financings and top-up holdings in the event of dilutive issuances in order to maintain their pro rata ownership in the company.
"This offering, completed at market price, reflects mounting investor interest and confidence in our company and projects. Having strategic investors that share our vision and have the capability to add resources as the project continues to grow is extremely beneficial. I firmly believe we are greatly undervalued as we continue to fast track exploration activities in an effort to maximize shareholder value. Solidifying long-term strategic shareholders that share our vision and understand the true value of our projects is critical for our trajectory at this junction," stated Rob Clark, Provenance's president.
Completion of the offering remains subject to satisfaction of customary closing deliverables and regulatory approval. In connection with closing, a finder's fee is owing to an arm's-length brokerage firm that assisted in introducing the strategic investor group.
On October 08, 2025, Provenance Gold Corp. announced the first step-out drilling results from the Herman Area of its Eldorado gold project in eastern Oregon, significantly expanding the potential scale and scope of gold mineralization at Eldorado West. Highlights:
ED27:
- 1.25 g/t gold over 44.20m, within 179.83m of 0.67 g/t gold including:
- 1.58 g/t gold over 7.62m
- 1.63 g/t gold over 24.38m
- 10.16 g/t gold over 1.52m in a newly defined contact zone at the base of the mineralized upper interval; and
- 1.92 g/t gold over 7.62m within 0.5 g/t gold over 53.34m, hosted in metasedimentary rocks within a new mineralized horizon starting at 211.84m.
ED28:
- 1.01 g/t gold over 108.20 meters within 0.82 g/t gold over 172.21m including
- 1.75 g/t gold over 15.24m including 3.27 g/t gold over 6.10m and
- 1.22 g/t gold over 57.91m and
- 0.86 g/t gold over 13.72m; and
- 0.38 g/t gold over 41.15m including
- 0.74 g/t gold over 3.05m and
- 2.01 g/t gold over 3.05m
Provenance's CEO, Rauno Perttu commented, "We are confirming a broader target in the Herman Area that looks to substantially increase the mineralized footprint of the Eldorado property. The extensive volume of gold mineralization above this contact zone combined with strong grades in the contact zone and within the metasedimentary rocks, points to a much larger mineralized system than previously recognized. We are excited to receive further assays from ongoing drilling, including hole ED29 extending to the southwest in the Herman area that showed strong visual mineralization, supporting our data and our belief that mineralization continues southward and is open in all directions at Eldorado West. I believe we are only exploring a fraction of a very large gold system."
On September 25, 2025, Provenance Gold Corp. has moved a diamond core rig to the Eldorado project in eastern Oregon. The core from the newly permitted drill sites will provide valuable insights to understand key geological controls of the gold system in these areas. The drilling will be concentrated in the Herman area, 730 metres to the south of the Tyee area, and Zone 4, 550 metres to the west of Zone 1 in the Tyee area, which has been the focus of most of Provenance's confirmation drilling to date. These areas, although major stepouts, are still within a small portion of the Eldorado West claim package.
The company has engaged Titan Drilling Ltd. to drill a minimum of 1,000 metres in locations selected within the newly permitted areas of the property. Titan Drilling has an excellent reputation, helping to ensure an efficient and on-budget drill program. The RC (reverse circulation) drilling program will continue simultaneously on the property.
Upcoming results: The company expects to release further results from its continuing RC drill program imminently. These results will include the first assays from the company's newly permitted Herman area, a 730-metre stepout from the company's recently announced hole ED-26. In addition, select bulk samples are currently undergoing gravity and float metallurgical testing and results will be reported when available.
Rauno Perttu, Provenance's chief executive officer, stated: "Excellent historical and 2023 Provenance metallurgical tests results (see press release dated Feb. 7, 2024) support Provenance's belief that the deposit is amenable to conventional low-cost open-pit mining techniques. I am excited to continue to open the mineralized footprint up at Eldorado not only within the Tyee area as well as to depth but also through expansive stepouts that we are currently well into drilling. The scope and potential of this project continue to impress."
On September 18, 2025, Provenance Gold Corp. has released strong results from its continuing drilling program at the Eldorado gold project in eastern Oregon. Highlights:
- 1.55 grams per tonne gold over 92.96 metres, including 2.39 g/t Au over 25.91 m, and 0.60 g/t Au over 48.77 m, including 11.61 g/t Au over 1.52 m;
- Extended mineralization northward, opening new growth potential for the high-grade zone;
- Results are pending for holes ED-27 through ED-31.
Drill hole ED-26 intersected wide, high-grade intervals of gold mineralization hosting in diorite, extending the known system northward and further linking mineralization to ED-21. These results reinforce the company's evolving structural model, suggesting shallow-dipping sheets of mineralization, with good continuity between zones (Table 1).
Importantly, the results demonstrate that the high-grade gold mineralization hosted in Zone 1 continues to push northward, opening new growth potential for the high-grade zone. The connection with ED-21 mineralization provides further evidence of a broad, cohesive system with substantial growth potential both to the north and to the east. Pending assays from ED-27 through ED-31 are expected to provide additional context on the geometry and scale of this expanding mineralized corridor.
Provenance's chairman, Rauno Perttu, stated: "ED-26 is a significant hole. It not only delivered broad, consistent high-grade mineralization, but it also confirmed our geological interpretation that the gold system is dipping at a low angle and connecting across zones. The extension of mineralization north and its link with ED-21 underscores the scale and continuity we are uncovering. Each stepout continues to add significant mineralization and expand the footprint of this system, and, with several holes still pending, we believe we are only beginning to reveal the true potential of our Eldorado property."
On September 09, 2025, Provenance Gold Corp. has released the results of an additional four reverse circulation drill holes totalling 647 metres of its continuing 2025 RC (reverse circulation) drilling program at the Eldorado West gold property in eastern Oregon. Assay results are currently pending for a further three holes totalling 640 metres.
This drilling was designed to confirm the extent of gold mineralization within zones 1 through 4 of the Tyee area and continue to demonstrate connectivity between these zones and test for mineralized feeder structures within the gold system. The latest results confirm multiple shallow-dipping mineralized sheets that connect historic mineralized areas into a single, cohesive system. Highlights:
- The three completed holes exhibit broad, shallow-dipping, stacked, mineralized sheets over the 150 vertical metres tested, punctuated by high-grade gold intercepts within structures that are likely to serve as feeder zones; the mineralization remains open in all directions;
- ED-22: 160.60 grams per tonne gold over 1.52 m, intercepted high-grade mineralization within a newly identified structure in Zone 3, expanding the high-grade potential of the Tyee area by another 200 m to the west and opening potential to the north;
- ED-23: 1.08 g/t Au over 28.96 m, including 2.46 g/t Au over 7.62 m;
- ED-25: 0.82 g/t Au over 24.38 m, including 1.37 g/t Au over 12.19 m;
- Drilling continues within the newly permitted drill sites, which include the Herman area and Zone 4 of the Tyee area.
Provenance's chairman, Rauno Perttu, stated: "The exciting part of this program is that we believe it covers only a small portion of the gold system hosted on our property. I am also very excited about our newly permitted current drilling of the Herman area, followed by Zone 4, which we believe could unlock more feeder structures hundreds of metres in several directions from last year's drilling."
On August 27, 2025, Provenance Gold Corp. has released the initial results of the first 10 reverse circulation drill holes totalling 2,548 metres of its continuing 2025 RC drilling program at the Eldorado West gold property in eastern Oregon. Assay results are currently pending for a further five holes totalling 843 m. Highlights:
- All 10 holes intersected gold mineralization, confirming broad, coherent and pervasive zones extending the open-ended gold mineralization from east to west over 800 metres, and identifying new mineralization in the previously untested area between zones 2, 3 and 4.
- Drilling demonstrated broad shallow-dipping mineralization in laterally extensive sheets, punctuated by high-grade intercepts within steeply dipping structures that are likely to serve as feeder zones.
- A second drill rig has been commissioned for the next phase of the drilling season, to enable selected core drilling to take place in addition to further RC (reverse circulation) drilling.
This initial stage of the drill program was designed to confirm the extent of gold mineralization within zones 1 through 4 in the Tyee area and demonstrate connectivity between these zones while trying to identify the feeder structures of the gold system. The new results expand the mineralized footprint over 800 metres of strike length across all four known zones, with multiple shallow-dip mineralized sheets that steepen toward the east, linking historic mineralized areas into a single, cohesive system. Subsequent drilling is planned to further evaluate and confirm this geological model.
Provenance chairman Rauno Perttu stated: "This project continues to experience significant growth. We were particularly pleased by the large intervals of open-pit grade mineralization shown in holes ED-16, ED-18, ED-19, ED-20 and ED-21 and the substantial open-pit grade mineralization close to surface in holes ED-12, ED-13 and ED-14. Our refined geological model, updated in light of early drilling results, indicates multiple high-grade feeder zones interconnected by open-pit grade mineralization, likely aligned along structural corridors. Equally compelling, in my view, is the deposit's outstanding economic potential: widespread near-surface gold mineralization, minimal overburden and excellent metallurgical recoveries all point to robust margins. As we advance through the drilling season, I'm genuinely excited to continue to grow the project and explore these high-grade targets."
On July 17, 2025, Provenance Gold Corp. has closed its non-brokered private placement for gross proceeds of $2,541,800. The offering received strong interest from investors.
Upon closing of the final tranche, the company issued 12,709,000 units at a price of 20 cents per unit. Each unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase one additional share at 25 cents until July 17, 2028.
"We would like to thank our shareholders for their support and interest in our projects. Our Eldorado West and Eldorado East acquisitions are standing out to investors as a district-scale opportunity in eastern Oregon. We continue to advance these projects diligently and are excited to have this financing behind us to enable our drill program to continue throughout the summer. We are excited to finally start receiving assays and continue to build on the gold mineralization and footprint at Eldorado. This project has unusually strong grade and scale. I believe it is just beginning to reveal its impressive dimensions as we continue to expand our exploration and drilling," stated Rauno Perttu, chief executive officer.
On June 27, 2025, Provenance Gold Corp., due to strong investor interest, is upsizing its previously announced non-brokered private placement.
The private placement will now consist of up to 10 million units at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the issuer and one-half of one transferable common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of 25 cents for a period of three years. Subject to regulatory approval, the company anticipates the closing of the placement within the next two weeks.
The company intends to use the net proceeds of the offering for advancing its Eldorado project in eastern Oregon, with a systematic RC (reverse circulation) drilling program currently under way in addition to working capital and general corporate purposes.
On June 23, 2025, Provenance Gold Corp. has provided an update from its continuing RC (reverse circulation) drilling program at its Eldorado West gold property in eastern Oregon.
2025 RC drill program update at Eldorado West:
The first five RC holes (ED-12 to ED-16) have been completed, and samples are currently at the assay lab in Sparks, Nev., for processing. Hole ED-16 was just completed to a depth of 274 metres. RC drilling is continuing with ED-17. Holes (ED-15 to ED-17) are designed to test the area of the Tyee area that has been virtually unexplored with the potential to link the mineralized system between hole EC-01 and hole ED-04. Visual observation of holes ED-15 and ED-16 in this new area suggests they are mineralized and to depths greater than previously tested. The 2025 RC drilling program thus far has been efficient and on budget, with holes achieving the targeted depths.
Rauno Perttu, chief executive officer, stated: "We are excited about our drilling to date with this program and the visuals we have encountered. Mineralization at previously untested depths and extent has the potential to increase the volume of this system extensively."
Assay results will be released when available and will help to guide the continuing program.
June 4, 2025, Provenance Gold Provides Field Update from Sunday Hill, Eldorado East
Eldorado East highlights:
- Provenance’s geologists verified that the host rock for the historical high-grade deposits at Sunday Hill is a mixture of the highly altered and fractured Burnt River schist black shale and diorite similar to that seen mineralized at Eldorado West.
- Thirteen initial samples were collected at several locations along the Sunday Hill ridge, where mineralization was evident. These samples included three-metre-long stretches of surface material and selected rock samples to begin to determine the gold content of different types of altered rock. Results will be announced when received.
- Black carbonaceous shale likely triggered rapid precipitation of the gold from thermal solutions emanating from the large body of diorite centered a short distance to the north. The thermal solutions would have used the abundantly fractured contact area between the black shale and the diorite as a very favourable dumping area to deposit the precipitated gold in high-grade deposits. As a result, the unexplored contact area between the diorite and black shale at Eldorado West will continue to focus future work.
- Company geologists confirmed historical lode prospects and mines dot the newly staked landscape and that the valley bottom and many upland areas in the Mormon basin have been placer mined and re-placer mined, perhaps more than twice. Given the ground topography, there are likely multiple sources for the placer gold, including sources under the placer deposits.
May 29, 2025, Provenance Gold Corp. has provided an update on its continuing 2025 drilling program at the Eldorado project.
The first 2 RC holes (ED-12 and ED-13) have been completed, and samples are currently at the assay lab in Reno for processing. Hole ED-14 is currently drilled to 201 metres in mineralized rock. Results will be released when available.
May 8, 2025, Provenance Gold Substantially Expands Its Eldorado Footprint Creating a District Scale Opportunity and Acquires Historical High-Grade Prospects within the Land Package