- Provenance Gold (PAU) has released strong silver assays which support historic results at the Mineral Hill Property in Nevada
- The company’s recent sample of historic on-site mill tailings assayed 216 g/t silver
- Its five assays of the mine’s lower loose rock piles ranged from 6.1 g/t to 301 g/t silver with an average of 180 g/t silver
- The company also took chip samples of wall rock from the mine, which assayed an average of 430 g/t silver
- Provenance Gold is a precious metals exploration company focused on gold and silver resources in North America
- Provenance Gold (PAU) is down by 4.35 per cent and is currently trading at $0.11 per share
Provenance Gold (PAU) has released strong silver assays which support historic results at the Mineral Hill Property in Nevada.
The property hosts a historic high-grade silver mine that was active from 1870 to 1939.
The primary ore last mined in 1939 reportedly averaged 775 g/t silver. Lower-grade rock at the time was uneconomical and used as backfill or dumped into large piles on the surface.
That said, based on sampling by Provenance and other mining companies, the large volumes of broken rock in the extensive mine dumps average 124 g/t to 248 g/t silver.
Based on Provenance’s surface examination and limited assaying, the in-place bedrock surrounding the historic high-grade mine workings is both multi-ounce and voluminous.
Assay and sampling results
- The company’s recent sample of historic on-site mill tailings assayed 216 g/t silver
- Its five assays of the mine’s lower loose rock piles ranged from 6.1 g/t to 301 g/t silver with an average of 180 g/t silver
- Its two assays of the talus slope on the hillside assayed 278 g/t silver and 20.2 g/t silver
- The company’s chip samples of wall rock from the historic mine assayed an average of 430 g/t silver
Mineral Hill has never received a modern exploration program where drill equipment is suited to the challenges of the geological and ground conditions. Nevertheless, Provenance believes the assay results are very encouraging.
Silver and gold mineralization on the property occurs in silicified and brecciated limestone. The limestone host rocks are in fault contact with underlying cherts and shales exposed on the east side of the fault. This fault is likely part of the Roberts Mountain thrust complex. Mineralization occurs adjacent to the thrust as limestone replacements and along secondary structures.
Rauno Perttu, CEO of Provenance, stated,
“I have been to the property several times and every visit makes me more enthusiastic about the potential for high-grade silver along with bulk-tonnage silver amenable to modern open pit mining.”
Provenance Gold is a precious metals exploration company focused on gold and silver resources in North America.
Provenance Gold (PAU) is down by 4.35 per cent and is currently trading at $0.11 per share as of 11:10 am ET.