Gold Source Company (Private search engine: PAU) (Otkbk: PVGDF) (“the Issuer” or the “Company”) is pleased to announce the assay results from the first two diamond drill holes in the Hermann area that form part of the Eldorado West Project in eastern Oregon (the “Project”). The two new holes from the Hermann area tested the north-south strike extent, and intersected broad, diffuse intervals of strong surface gold mineralization, extending the mineralization to the north and south.
Highlights of the Hermann area
EC-04
- 0.51 g/t at a distance of 20.12 m and 2.18 g/t Au over 83.82 metres, including 18.19 g/t Au over 1.68 metres. and 39.61 g/t Au over 0.91 m and 3.90 g/t Au over 11.13 m, including 22.62 g/t Au over 1.07 m With mineralization hosted in diorite and altered and fractured sediments.
- The mineralized zone first identified in ED-27 and ED-28 is also present at lower depths in the hole, with 0.32 g/t gold assayed at 9.60m and 0.37 g/t gold at 5.64m. The diorite-sedimentary contact zone dips sharply to the east.
EC-05
- 0.7 g/t Au over 46.48 metres, including 1.97 g/t Au over 7.7 metres. and 0.36 g/t Au over 46.48 m and 1.82 g/t Au over 10.52 m, including 8.73 g/t Au over 1.52 m and 0.4 g/t Au over 43.59 m, including 1.02 g/t Au over 8.23 m Hosted in diorite and altered and fractured sediments.
- The second mineral contact zone returned assays of 0.26 g/t gold over 14.54 meters and 0.36 g/t gold over 14.48 metres. The contact zone between the diorite and sediments remains steeply sloping and open mineralization extends an additional 50 m to the south.
- The drill hole also revealed two additional mineralized zones grading 0.48 g/t Au at 5.18 meters and ending with mineralization of 0.51 g/t Au at 4.42 meters at a depth of 305.87 metres.
Diamond drill holes EC-04 and EC-05 followed up drilling results from ED-27 and ED-28 (see press release dated 8 October 2025) and confirmed that strong gold mineralization continues both north and south in the Hermann Zone, intersecting with extensive gold mineralization that includes high-grade zones and is hosted in contact zones, structures and mineralized breccias between the host and various sedimentary rocks. Intrusions. (Figure 1-2, Table 1).
“We continue to identify a strong, broad target that exposes multiple mineralized zones in the Hermann Zone that remain open in all directions,” said Rob Clark, CEO and CEO of Provenance. “We are pleased with both the strong, widespread grades interspersed with high-grade intervals in hole EC-04 and the broad intervals of strong mineralization in hole EC-05, which have the potential to significantly increase the mineral footprint of the El Dorado property. We look forward to receiving further testing from the core drilling program, including holes EC-06, EC-07 and EC-09 extending to the southwest in the Hermann Zone, and hole EC-08, which was drilled in an unexplored area of the Taiye Zone, this project continues to deliver in terms of grade and extent of mineralization, and we believe it is still in the early stages of growth.
Figure 1. Schematic map of Hermann drilling sites
Table 1. 2025 diamond drill hole inspection results
Figure 2. Cross section showing Hermann drill hole locations and gold assays.
Continuous exploration
Core remediation is underway for holes EC-06, EC-07 and EC-09 in the Hermann Zone (Figure 1-2) and holes EC-08 in the Tyee Zone. Results will be published as soon as they are available. In addition, mineral testing is ongoing, and a soil sampling program in the El Dorado West area has just begun and is scheduled to be completed within two weeks. More announcements will be made in the near future covering this year’s drilling and exploration programs.
Sampling, laboratory, QC and quality control
Upon receipt from the drill site, the main size drill core was systematically logged for geological features, imaged and sampled at the core logging facility in Provenance. Sample lengths as small as 0.45 m were used to isolate features of interest, otherwise a default sample length of 1.52 m was used downhole. Each sample is identified by a unique sample tag number that is placed in the bag containing the heart to be examined. Once registered, the core was transported to ALS Global in Reno, Nevada, to be cut and inspected. ALS Global is independent of the company.
Once we arrived at ALS Global in Reno, the core was cut in half lengthwise along predetermined lines, with half (the same half, continuously) collected for analysis and the other half stored as a record. ALS Global meets all requirements of international standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates in accordance with the guidelines set forth in ISO/IEC Guide 25.
Samples were submitted for gold determination by PhotonAssay™ and 34 element ICP. PhotonAssay™ is a fast, accurate, non-destructive process for determining gold, silver and copper in geological and processed samples. This technique uses gamma ray activation to induce nuclear transformations in the elements of interest, resulting in the emission of photons with very distinct energies. After analysis, the entire assay shipment is returned intact and can be submitted for subsequent analyzes such as geochemistry, cyanide, mineralogy, or environmental testing, or retained for future verification.
The Company has implemented a Quality Assurance and Quality Control (QA/QC) program to ensure that sampling and analysis of all exploration work is conducted in accordance with industry best practices. A cycle of certified standards, blanks and field repeats was inserted into the sample stream approximately every 30 m. The company’s QA/QC, as well as laboratory listed standards, blanks, and copies were closely monitored upon receipt of inspection certificates from the laboratory. No differences were reported in the reference samples included. The Company will continue to closely monitor its QA/QC procedures.
Additional technical information
All intervals mentioned in this press release are downhole core lengths. The true width of the metal separators is unknown at this time. Geological modeling is ongoing, and additional drilling will be needed to determine the geometry and orientation of the mineralized areas in order to determine the true thickness. There were no drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data. Coordinates are provided in UTM WGS 84 Zone11.
Qualified person
The technical content disclosed in this press release has been independently reviewed and approved by Joe Price, P.Geo., M.Sc., a technical advisor to the Company and a Qualified Person as defined in National Instrument 43-101. Jo Price has verified the sampling data and analytical certificates on which the scientific and technical information disclosed herein is based.
About the source of gold
Provenance Gold Corp. is a precious metals exploration company focused on its flagship Eldorado Gold project in eastern Oregon. The company is actively developing the project through systematic drilling, geological modeling and expansion of its mineralized areas. Provenance’s portfolio also includes additional exploration-stage assets in Nevada, USA. For more information, please visit the company’s website at https://provenancegold.com Or call Rob Clark at (email protected).
On behalf of the Council,
Gold Source Company
Rob Clark, CEO
1-236-201-4653
Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this news release. This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Including related data Promote discovery in the project; Increase the mineral footprint of the project; the timing and results of future testing; Exploration program planned for 2026; Release of core drilling program results; The company’s future plans and intentions. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “anticipate”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates that, although considered reasonable by the Company, are inherently subject to business, economic, competitive, political and social risks. Significantly, there are many contingencies and uncertainties, whether known or unknown, that could cause results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements as of the date of this press release, and the Company does not intend, and undertakes no obligation, to update these forward-looking statements or information to reflect changes in assumptions, changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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