Drilling underway · as of August 20, 2026 · continuing through fall
Gold Mineralization Encountered in Every Hole Drilled by Provenance to Date. Broad Intervals of Gold Mineralization over 800 metres. One Emerging Story
OTCQB: PVGDF | CSE: PAU
Our 2025 program drilled 7,562 metres and returned broad near-surface gold intervals, a bonanza-grade hit and a new high-grade zone at Herman. 2026 core drilling is now underway at Herman and Tyee at Eldorado West, supporting our ongoing work toward a maiden mineral resource estimate.
Receive Provenance Gold exploration results, news releases and company updates. Unsubscribe anytime.
Read the original August 20 news release ↗WHY THE SCALE MATTERS · INDEPENDENT GEOLOGIST
Independent geologist Michael Dufresne sees the breadth of alteration and gold mineralization from prior drilling speaks to a a large, multi-kilometre hydrothermal system. He connects it to:
“…the kind that yields large gold resources that we are now seeing across western Nevada and north into eastern Oregon.”
Michael Dufresne, M.Sc., P.Geol., P.Geo.
APEX Geoscience Ltd. · Independent Qualified Person
August 20, 2026
MANAGEMENT PERSPECTIVE
The 2025 results support the model that Eldorado West represents a large-scale, multi-kilometre gold system that is still in the early stages of definition. The company is continuing to build the foundation for a maiden resource estimate.
“Combined with mineralization that's open in multiple directions, we believe this Project has the size and scope to become a truly significant gold discovery and this season's program is designed to accelerate this.”
Rob Clark · President & CEO
August 20, 2026
Management’s view of the project’s potential is forward-looking. See the Safe Harbor Statement.
BUILDING ON THE 2025 PROGRAM
From Tyee to Herman
Our 2025 program extended drilling south into Herman and confirmed broad, shallow-dipping gold mineralization.
Total 2025 drilling
Step-out south into Herman
Strike of broad mineralization
The step-out runs from Tyee south into Herman; strike describes the length of broad mineralization confirmed in 2025. Source: August 20, 2026 update.
Standout 2025 Drill Intercepts
Broad intervals from surface. A bonanza-grade gold intercept. A new high-grade zone.
Gold mineralization begins at surface and continues through a broad downhole interval at Herman.
A broad core interval at Herman contains shorter sections of higher-grade gold.
A bonanza-grade gold intercept within Tyee Zone 3.
View all 10 selected 2025 drill intercepts
| Hole | Interval | Area | Program |
|---|---|---|---|
| ED-22 | 160.60 g/t Au over 1.52 m | Tyee (Zone 3) | RC |
| EC-04 | 2.18 g/t Au over 83.82 m, incl. 18.19 g/t over 1.68 m, incl. 39.61 g/t over 0.91 m | Herman | Core |
| EC-09 | 1.82 g/t Au over 116.74 m, incl. 4.70 g/t over 25.60 m, incl. 8.31 g/t over 12.34 m | Herman | Core |
| ED-29 | 1.56 g/t Au over 254.51 m from surface, incl. 2.84 g/t over 42.67 m | Herman | RC |
| ED-29 (new zone) | 5.94 g/t Au over 19.81 m — new mineralized zone discovery | Herman | RC |
| EC-06 | 1.10 g/t Au over 139.14 m from surface, incl. 2.68 g/t over 24.90 m | Herman | Core |
| ED-27 | 1.25 g/t Au over 44.20 m within a broader 179.83 m interval of 0.67 g/t Au | Herman | RC |
| ED-26 | 1.55 g/t Au over 92.96 m | Tyee | RC |
| ED-31 | 0.59 g/t Au over 117.35 m, incl. 1.50 g/t over 19.81 m | Tyee (Zone 4) | RC |
| ED-28 | 1.01 g/t Au over 108.20 m within a broader 172.21 m interval of 0.82 g/t Au | Herman | RC |
Reported intervals are downhole core and reverse-circulation lengths. True widths are not currently known. Geological modelling and additional drilling are needed to establish the geometry and orientation of mineralized zones. The release reports no known drilling, sampling, recovery or other factors materially affecting data reliability.
These selected highlights are not necessarily representative of project mineralization. Complete assay results for the relevant holes were previously released. Au means gold; g/t means grams per tonne.
Read the original table and technical notes ↗The 2026 Program
The 2026 core drilling program has commenced in the Herman area with Titan Drilling Ltd. and is expected to continue through the fall, weather permitting.
The current drilling phase focuses on a defined portion of northern Eldorado West, where existing data density is expected to support ongoing work toward a maiden mineral resource estimate.
APEX Geoscience Ltd. will complete a comprehensive geological assessment using geophysical data, multi-element drill-hole assays and geological data to guide future expansion of the resource base beyond the initial area.
2026 so far
- Expands Mineralized System with Multiple Broad Gold Intervals at Zone 4 within the Tyee Area ↗
- Initiates Metallurgical Testwork at the Eldorado Project ↗
- Intersects 2.18 g/t Gold over 83.82m at the Herman Area ↗
- Intersects 1.10 g/t Gold over 139.14m from surface at the Herman Area ↗
- Advances Exploration Plans at Eldorado West ↗
- Intersects 1.82 g/t Gold over 116.74m Including 8.31 g/t Gold over 12.34m at Eldorado West ↗
- Commences Drilling at Its Eldorado West Project ↗
The Technical Details
Sampling, Laboratory & QA/QC
Our 2025 program comprised 5,538 metres of RC drilling and 2,024 metres of diamond core drilling. Our core sampling and analysis protocol is detailed below.
Logging and sampling
HQ-sized drill core was systematically logged, photographed and sampled. Sample lengths as small as 0.45 m isolated features of interest; the default downhole sample length was 1.52 m. Samples received unique tag numbers. Logged core was transported to ALS Global in Reno, Nevada, for cutting and assaying. ALS Global is independent of the Company.
Laboratory analysis
At ALS Global, core was cut lengthwise. One half was consistently collected for analysis and the other half stored as a record. ALS Global meets ISO/IEC 17025:2017 and ISO 9001:2015 requirements and operates under ISO/IEC Guide 25 guidelines. Samples were submitted for gold determination by PhotonAssay™ and 34-element ICP.
Quality control
Certified standards, blanks and field duplicates were inserted into the sample stream approximately every 30 m. Company and laboratory controls were monitored on receipt of assay certificates. No discrepancies were reported in the inserted reference samples.
Read the full sampling and QA/QC disclosure ↗Qualified Person & Forward-Looking Information
Qualified Person for the source release
Jo Price, P.Geo., M.Sc., a technical advisor to Provenance and a Qualified Person under NI 43-101, independently reviewed and approved the technical content of our August 20, 2026 news release. She verified the underlying sampling data and analytical certificates.
Forward-looking information
Statements about the project's potential size and significance, future resources, expansion, drilling plans and program timing are forward-looking. Actual results may differ materially. These statements are dated August 20, 2026. See the original news release for the full assumptions, risks and Safe Harbor Statement.
Original release and complete Safe Harbor Statement ↗Full campaign disclosures ↗
CSE: PAU · OTCQB: PVGDF
About Provenance Gold
Provenance Gold is a precious-metals exploration company focused on our flagship Eldorado Gold Project in eastern Oregon. We are advancing Eldorado through systematic drilling, geological modelling and expansion of its mineralized zones. Our portfolio also includes exploration-stage assets in Nevada, USA.
Presentation · August 19, 2026 · PDF · No email required.