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EXPLORING FOR THE NEXT
MAJOR GOLD SYSTEM
IN OREGON

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The Eldorado Project

The Eldorado Project is a district-scale land position totaling 7,915 acres (32.03 km2) located 60 kilometres (km; 38 miles) northwest of Vale in Malheur County, Oregon. The project benefits from excellent nearby infrastructure, road accessibility, and state, local, and federal support, as evidenced by the Grassy Mountain project, located just 35 km away, included under the FAST-41 permitting initiative.

The project consists of the Eldorado West and Eldorado East properties, both of which feature highly prospective geology and known strongly-mineralized resource targets.

Eldorado West

  • Historical resource estimate* of 1.98 million oz at 0.75 g/t gold
    • ~22,000 m historical drilling defining bulk tonnage open pit up to 100m depth
  • EC-01: 288m @ 2.01 g/t gold from surface including 175m @ 3.07 g/t gold
  • Discovery of significant high-grade structures within historical pit & mineralization extends to 250m depth
  • Strong metallurgical recovery demonstrates the project is amenable to heap leach extraction and gravity/flotation
  • Reverse circulation drilling currently underway with core drilling scheduled to follow

Eldorado East

  • Historical resource estimates*: Sunday Hill: 170,000 oz+ at 23.15 g/t gold; Randall Mine: 50,000 oz+ at 8 g/t gold
  • Numerous additional historical lode and placer mines
  • Recently acquired 5,867 acres
  • Ground-work, sampling and drill permitting underway
  • Expected to be permitted and ready to drill this season

*All historical resource estimates are based on prior data and reports prepared by previous property owners. A qualified person has not done sufficient work to classify historical estimates as current resources in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories and the company is not treating the historical estimates as current resources. Significant data compilation, redrilling, resampling and data verification are required by a qualified person before historical estimates can be classified as a current resource. There can be no assurance that any 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. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured resource category.

Drilling Underway

A staged RC and Core drilling program is currently underway at Eldorado.

Phase 1 (32 holes ~ 8,660 m) – Ongoing

  • Focused on initial Tyee discovery area: extending mineralization deeper; confirming mineralization between zones; targeting step-outs in all directions

    • Phase 2 (35 holes ~ 8,340 m)

    • Focused on expanding high-grade zones and bulk tonnage mineralization throughout the Tyee and Herman areas

    Phase 3 (25 holes ~ 7,730 m)

    • Focused on extending mineralization to additional targets and major step-out areas throughout Eldorado west, as well as initial drilling at Eldorado east
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    Jul 17th, 2025 Provenance Gold Closes Upsized Private Placement and Provides Drilling Update READ RELEASE

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