3D Drone DEM-Orthomosaic Survey Completed In Preparation For Exploration Program At Eldorado

VANCOUVER - Provenance Gold Corp. reported that a property-wide drone high resolution digital elevation model (DEM) and orthomosaic survey of the Eldorado Gold Project in Malheur County, Eastern Oregon, has been completed, and is currently being processed. A property-wide drone high resolution DEM and orthomosaic survey covering approximately 4 sq km's has been completed and is currently being processed. Known drillhole locations, together with the DEM and orthophotos will be used to validate the locations of some of the historical drillholes which will greatly aid the geological modelling and 2024 drill planning going forward. The survey work also highlights additional historic placer mining operations, trenchwork, geological structures, and alteration areas previously masked by cover and vegetation that will be followed up in the 2024 field season. The photos and videos allow for accurate 3D viewing of the property. The images show previously unrecognised geological structural details and subtle soil color changes that will be helpful in mapping the extensive mineralization at Eldorado.

Rauno Perttu, CEO and an Oregon-Certified Engineering Geologist, said, "The drone survey data will be pivotal in providing new and accurate positioning of the historical data, as well as new structural information, areas of alterations and old workings. This new information will be fundamental as we model this large, open-ended gold system and we are excited to unlock the potential at Eldorado."

To advance mineral exploration with minimal environmental impact, a drone mapping operation was executed for Provenance at the Eldorado Project, Oregon. This initiative, covering approximately 1,000 acres (4 sq km's), utilized advanced UAV technology to gather high-resolution data essential for accurate geological data. Highlighted was the project's alignment with sustainable practices, highlighting the role of drone technology in reducing ecological footprint. This effort is part of Provenance's commitment to innovative and environmentally responsible exploration methods.

The Company is continuing to process its 2023 drilling data, incorporating it into the voluminous historic drilling, surface samples, and trenching database with the goal of establishing a new geological model for the project. The data is allowing a three-dimensional model of the large and open gold system to be completed. Additionally, the Company is using the data to plan its upcoming 2024 exploration efforts.