Provenance Gold Corp.
District-Scale Gold Discovery in Eastern Oregon: 7,915 Acres, Historical Estimate of 2M Ounces, Recent Drilling Looking to Expand the System
SYMBOLS CSE: PAU | OTC: PVGDF
- Outstanding Shares: 176,922,770
- Warrants: 64,898,954
- Options: 11,730,000
- Website: ProvenanceGold.com
District-Scale Gold Discovery in Eastern Oregon
Provenance Gold is fast-tracking exploration work at its Eldorado Property. Drill results to date indicate the presence of a mineralized system. Core drilling results are pending and plans are being finalized for a comprehensive drill program to commence early spring.
Why Gold?
Gold demand is accelerating on multiple fronts.
- Central banks are accumulating at record levels as nations diversify away from dollar dependence, while investors seek protection against inflation and currency devaluation.
- Institutional allocations are rising as portfolio managers recognize gold’s value as a non-correlated asset, and emerging market wealth growth continues driving consumption across Asia. These aren’t temporary factors—they represent structural shifts reshaping global finance.
Why Provenance Gold?
Provenance Gold Corp. is positioned to capitalize on this environment, advancing the district-scale Eldorado Project in eastern Oregon—a 7,915-acre land package featuring a historical resource of nearly *2 million ounces of gold with recent step-out drilling extending mineralization over 800 meters from the initial discovery areas.
The historical resource of nearly 2 million ounces from US Mining Standards pursuant to Regulation S-K 1300 should not be relied upon because a Qualified Person has not verified such historical resource.
Recent standout gold assay intercepts by Provenance on Eldorado West include:
- EC01: 288m @ 2.01 g/t gold from surface including 175m @ 3.07 g/t gold
- ED03: 140.21m @ 1.15 g/t gold, incl. 22.86 m @ 3.86 g/t gold
- ED04: 137.16m @ 1.64 g/t gold, incl. 32.00 m @ 3.982 g/t gold
- ED07: 114.30m @ 3.09 g/t gold, incl. 33.53 m @ 7.60 g/t gold
- ED11: 118.87m @ 3.28 g/t gold, incl. 12.19 m @ 18.01 g/t gold
- ED22: 1.52m @ 160.6 g/t gold
- ED26: 92.96m @ 1.55 g/t gold
- ED27: 179.83m @ 0.67 g/t gold
- ED28: 108.2m @ 1.01 g/t gold within 172.21m @ 0.82 g/t gold
- ED29: 254.51m @ 1.56 g/t gold (Recently released on November 5th, 2025, and an 800-meter step out from EC01 and ED26)
Disseminated on behalf of Provenance Gold Corp.
With core drilling just completed and assay results pending, excellent infrastructure and access, and primarily near surface gold mineralization, Provenance offers investors appealing direct exposure to North American gold exploration at the early stages of a burgeoning commodities market.
Provenance Gold continues to report good news and the market has responded.
Provenance Gold Continues to Expand Mineralized System with Multiple Broad Gold Intervals at Zone 4 within the Tyee Area
Provenance is pleased to announce 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.
Historical Data for Region* – Historical 2M oz + expanding with recent drilling.
Favorable Mining Jurisdiction – Eastern Oregon is becoming a a favorable mining and exploration region.
Funded for Discovery – $4.5M recent raise, drill assays pending from recent drill program.
7,915
Eldorado Project Acres
5,867
Increased Acreage Land Package
31 in 2025
New Exploration Holes Drilled
Outlook for Gold Market
Gold mining equities offer leveraged exposure to gold prices. When gold rises, miners with fixed production costs can see profit margins expand significantly—amplifying returns compared to holding the physical metal. Companies such as Provenance Gold provide additional leverage through the exploration and potential discovery side. Significant gold drilling assays and robust project advancement can create substantial value independent of daily gold price movements, while still benefiting from a supportive price environment and an overall precious metals and commodities boom.
Gold Market Dynamics
Key demand categories to address:
Central bank accumulation (record levels recently)
Investment demand (ETFs, bars, coins)
Jewelry (still the largest category by volume)
Technology/industrial applications
Monetary hedge/safe haven status
Why demand is rising – the compelling narrative:
De-dollarization trends and geopolitical uncertainty
Inflation hedge positioning
Central banks diversifying reserves away from USD
Supply constraints (declining grades, fewer major discoveries)
AI/tech sector actually increasing industrial demand
A Leadership Team Built for Discovery and Growth
Provenance Gold’s management team combines technical expertise, capital markets experience, and financial discipline essential for junior exploration success. CEO Rauno Perttu brings over 50 years of hands-on geological experience across the Americas and Australia, guiding projects from discovery through production. As a compliment to this experience, the Company has assembled a team of very qualified geologists with boots on the ground expertise. On a corporate level, the executive team brings extensive experience in all facets of the equity markets. Together, they’re positioned to unlock Eldorado’s full potential.
Rauno Perttu
Chairman & CEO
Mr. Perttu is a registered professional geologist with 40+ years’ experience in mineral development across the Americas and Australia. He has led gold, uranium, and coal projects from concept through exploration, feasibility, development, and operations, holding BA/MSc degrees and Oregon engineering registration.
Rob Clark
President
Mr. Clark is a driven entrepreneur and venture capitalist with 25+ years of experience across private equity and domestic and international public markets. He has led mergers, acquisitions, buyouts, public offerings, financings, and restructurings, with strong hands-on management consulting expertise. He studied at BCIT.
Thomas Martin
Director
Mr. Martin is a former elite hockey player with a full scholarship to the University of Denver, a Calder Cup championship with the Sherbrooke Canadiens, and NHL experience with Winnipeg, Hartford, and Minnesota, plus European play. He later built a track record in business and finance, managing and investing in successful companies and leveraging global sports/media relationships to raise capital for private and public entities.
Fiona Fitzmaurice
CFO
Ms. Fitzmaurice is a chartered professional accountant who holds a bachelor’s degree in accounting and finance from Athlone Institute of Technology in Athlone, Ireland. She has extensive experience in accounting, financial controls, corporate audits, private placements, and corporate acquisitions.
Eldorado Project Details
The 2,048-acre Eldorado West Project in eastern Oregon is part of an historic placer district. Recent systematic exploration by PAU has discovered a large bedrock hosted gold system, likely source to the historical placer deposits in this region. Eldorado is shaping up as a broad, intrusion-related gold system where scale and grade are driven by structural intersections and brecciation within and adjacent to a dioritic intrusive complex.
Preliminary Metallurgical Exploration Results
Initial testing from both modern and historical exploration programs provides preliminary data regarding potential gold recovery at the Eldorado Project. These results are considered preliminary. More detailed metallurgical testing will be required to demonstrate economic viability.
- Preliminary Laboratory Recoveries: Modern laboratory testing on unoxidized ore samples yielded gold recoveries averaging 88.1%, with peak results reaching 97.1%.**
- Processing Evaluation: Historical test work suggested the mineralization may be suitable for conventional crush and cyanide heap leach operations.
- Ongoing Validation: The Company cautions that these laboratory results require further comprehensive study by a Qualified Person (QP) according to US standards to confirm if these recovery rates can be achieved in a full-scale production environment.
**The preliminary metallurgical test results are preliminary and based on limited, non-representative samples from the Eldorado Project. These results do not have demonstrated economic viability, and further testing is required. Disclosure has not been supported by a technical report prepared by an independent Qualified Person, as required by National Instrument 43-101. Metallurgical recoveries (88.1% average, 97.1% peak) are from laboratory tests only and may not reflect full-scale operations. Historical processing evaluations suggest suitability for cyanide heap leach but require validation. No mineral resources or reserves have been estimated, and economic viability is uncertain.
Eldorado East
Provenance recently acquired the Eldorado East land package situated five kilometers to the east of Eldorado West.
The Eldorado East addition increased the size of the land package by approx. 5,867 acres (23.74 km2) through a combination of staking and an option agreement. The property hosts numerous mines and prospects including the historical Sunday Hill Mines.
Reported historical resources for the Sunday Hill area alone report 154,000 ounces at a grade of 23 g/t gold with a southern portion reported to hold 55,980 ounces at a grade of 9 g/t gold **
Provenance plans their first maiden drill program into this highly prospective region later this year!
What’s ahead for Provenance Gold?
The Company just concluded core drilling on the Eldorado West property on December 22, 2025, assay results from all six core holes are pending and will be released when available. Recent geophysical reports are also pending. Furthermore the Company is well funded and will be looking to commence drilling for the 2026 season by the Spring.
**The referenced resource estimates for mine sites on the Sunday Hill Property are considered historical in nature, are based on prior data prepared by a previous property owner, and do not conform to current CIM categories. While the Company considers the estimates to be reliable, a qualified person has not done sufficient work to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as a current resource. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates can be classified as current resources. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimate prepared for the Sunday Hill Property.
*Eldorado Historical Estimate: In 1990, the first historical estimate was calculated on what is now the Eldorado Project by Pincock, Alan and Holt (PAH), a reputable engineering firm that was used industry wide for this type of work. PAH modeled 158 of the historical drill holes which identified approximately 52,896,000 tons that graded 0.578 g/t gold (0.0169 oz/t gold) at a cut-off grade of 0.274 grams per ton (0.008 oz/t) in the open-ended gold system. A second historical estimate was calculated by ICAN Minerals based on work completed between 1989 and 1997, which identified 1,980,000 ounces of gold grading 0.753 g/t gold (0.022 oz/t gold) within 90,000,000 tonnes. The Company is not treating either estimate as current mineral resources and a qualified person has not done sufficient work to classify these estimates as current mineral resources. The estimates were prepared prior to the enactment of National Instrument 43-101, and the establishment of current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) classification categories and should not be relied upon for investment decisions. The purpose of presenting this information is to show that the Eldorado Project has potential to hold a large mineral inventory. The Company plans to update these historical estimates into a current resource model. Near term work to accomplish this goal includes confirmation drilling by twinning a number of the historical holes, certifying and comparing assays between the old and new holes, validating all historical holes in the field with a GPS and confirming historical metallurgical test results. When the Company is comfortable with these upgrades, then a new stand-alone current resource can be calculated. Other than these, the Company is not aware of any more recent estimates prepared for the Eldorado Project, nor is it aware of the existence of any technical reports describing the historical estimates.
Provenance Gold Corporate Presentation
Flagship Projects Technical Reports
Eldorado Property Technical Report
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Recent News
- Provenance Gold Initiates Metallurgical Testwork at the Eldorado Project – February 26, 2026
- Provenance Gold Appoints Vice President of Exploration – February 10, 2026
- Provenance Gold Continues to Expand Mineralized System with Multiple Broad Gold Intervals at Zone 4 within the Tyee Area – January 7, 2026
- Provenance Discovers New Mineralized Zone at Herman Assaying 5.94 g/t Gold Over 19.81m within 1.56 g/t Gold Over 254.51m From Surface: Extending Mineralization to the South – November 5, 2025
- Provenance Gold Closes $4.5 Million Private Placement – October 28, 2025
- Provenance Gold Announces Fully Subscribed C$4.5 Million Financing with a Strategic Investment Group – October 17, 2025
- Provenance Gold Intercepts 1.01 g/t Gold Over 108.20m within 172.21m of 0.82 g/t Gold from Surface, Extending Mineralization 730 Meters South, Identifying A Major New Target at Eldorado West – October 8, 2025
Cautionary Note Regarding Technical Information and Historical Estimates
The Eldorado Project contains a “historical resource” estimate of 1.98M oz at 0.753 g/t gold. A Qualified Person (QP) has not done sufficient work to classify this historical estimate as a current mineral resource or mineral reserve under S-K 1300 or NI 43-101 standards. The Company is not treating this historical estimate as a current mineral resource or reserve, and investors are cautioned not to rely upon it as such. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Forward-Looking Statements
The information contained herein is provided by Provenance Gold Corp. (“PGC” or “Provenance”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of PGC or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation concerning events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, PGC’s cash position, market conditions or property conditions. PGC undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. This presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person [as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”) (“U.S. Person”)], or in any other jurisdiction in which such an offer would be illegal. We seek safe harbor. This document may not be reproduced, further distributed or published in whole or in part by any other person. This document may only be disseminated or transmitted into any jurisdiction in compliance with, and subject to, applicable securities laws. Readers are required to ensure their compliance with applicable securities laws.
The Company provides no assurance that these forward-looking statements will prove to be accurate. Investors are cautioned not to place undue reliance on these statements, which speak only as of the date of this document.
Qualified Person
Provenance Gold’s disclosure of a technical or scientific nature herein has been reviewed and approved by Jo Price, P.Geo., M.Sc., and a Qualified Person as defined under National Instrument NI 43-101 (“NI 43-101”).
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COMPENSATION DISCLOSURE
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