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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Property includes over six parcels and approximately thirteen 20-acres of mining claims. It consists of over nine claims contiguous to the existing claims for a total of over seven patented and approximately 22 located mining claims, encompassing an area of approximately 324 acres. It owns 50% interest in the Providence Mines Property, which is situated in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Comment by FireOutragedon Nov 22, 2020 9:20pm
71 Views
Post# 31950127

RE:Sedar filings very ENCOURAGING,, 2019, EZ GOLD !!

RE:Sedar filings very ENCOURAGING,, 2019, EZ GOLD !!You need to read the small print in te M&A, PHD acknowledged that the samples with high amount of gold most likely got contaminated. As for the numbers, you have to do a statistical analysis with the weighted values to get a good sample gram/ton average value. The 18.7g/t is from a smaller sample where they most likely by chance hit a piece of purge gold. Unfortunately we are talking about slivers of gold here, a fraction of a gram, not nuggets.Locks good, sounds good but after the math unfortunately doesn't get PHD enough money. 
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