Second Drill Hole At The White Rock Property Supports Large Zone Of Potential Open-Pit Grade Mineralization
VANCOUVER - Provenance Gold Corp. reported that the second hole drilled on its White Rock property in northeastern Elko County, Nevada confirmed the thick zone of potentially open-pit grade gold mineralization intersected by its first hole. WR-16 intersected a 55-meter (180-foot) interval that averaged 0.618 g/t gold or 0.018 oz/t gold starting with 1.5 meters (five feet) of 3.55 g/t gold at 20 meters (95 feet) and ending with a 6-meter (20 foot) interval that averaged 2.3 g/t gold. The 55-meter-thick zone also contained 7 assay intervals over 1 g/t gold. It was stopped at 300 feet due to drilling conditions. The hole was collared near WR-15 and drilled due east at -50 degrees. The hole remains open to mineralization to depth. Based on historical data, Provenance believes another mineralized zone occurs below the one that was intersected by hole WR-16.
Provenance is waiting for assays from additional holes from this northwestern part of the currently recognized gold system at the White Rock Property. The current drilling has shifted to more than a kilometer to the east in the same recognized gold system, and the company is very encouraged by the visual appearance of the silicified and mineralized sedimentary rocks currently being drilled.
Provenance wanted to establish the continuity, structure, and grade of the White Rock gold system in the far western and eastern parts of this extensive 3.2 km by 1.6 km gold system in its first drilling program.
Steve Craig, Senior Consultant and Project Manager, said, ”Our future drilling will focus on the Central Ridge portion of the system and explore its extensions. The Central Ridge is 1,200 meters long by 400 meters wide and consists entirely of mineralized silicified rock. We believe we are beginning to establish a major new gold system in a lightly explored part of Nevada that we believe will be the second discovery in a model similar to Liberty Gold's Black Pine Mine in nearby Idaho."