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Metal & Mining Stocks
Provenance Gold Corp. (CSE: PAU) Completes High-Resolution Magnetic Survey at Eldorado Property
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Highlights
Provenance Gold Corp. (CSE:PAU) has successfully completed a high-resolution, drone-based airborne magnetic survey at its Eldorado property in Eastern Oregon. This survey aims to refine the company’s understanding of the mineralized structures at the property and assist in targeting areas for future exploration.
The survey, conducted by Zonge International Inc., is designed to produce detailed 3D magnetic data, which will be used alongside previous geophysical work, such as the induced polarization (IP) survey and winter mapping. Initial results indicate a correlation between highly mineralized drill holes and reduced magnetic signatures in diorite, which suggests that this magnetic survey will be a key tool in defining drill targets. The company notes that only a small portion of the property has been explored in detail, and it plans to expand the exploration in 2025 to better understand the gold mineralization at Eldorado.
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