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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 givemeabreak1on Mar 03, 2021 10:07pm
49 Views
Post# 32712055

RE:RE:RE:RE:Providence

RE:RE:RE:RE:Providence 2020 Oil
Koz is correct the nugget affect is typically a bad thing as it artificially inflates the grades.  I explained this to you before that is the reason when they do a resource calculation they take the higher grade stuff and reduce it to a max so your 265 gpt would be calculated at like 20gpt.  I calculated all this for you!  No if out of the 60 something samples or drill holes tested there was like 10 - 20 really high grade holes ie nuggety then it would likely be considered a good thing as doing a reduction based on a relatively high percetage of holes would likely erring on the low-side.  However, there is only a couple of high grade tests???  As I told you before even a couple of grams in a sample of 5k becomes a very high gpt......  I hope they do well on the bulk sample.  That said, I suspect it will be in line somewhere between the trench samples and drilling.  If that is the case it might be worth running now given the money spent whereas if they knew what they know now they probably would not have bothered spending the money.  
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