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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

Post by Linemineron Mar 25, 2021 4:21pm
109 Views
Post# 32877618

Analyzing the stockpile

Analyzing the stockpileDiamond drilling cannot realistically be done in broken rock - LIDAR, augering and percussion drilling then are the only ways to understand stockpile dimensions and challenges. These become necessary expenses for moving forward. The ONLY additional expenses Providence has incurred are ASSAY costs to determine if milling the material will be an economic benefit. So - spend overall less than $10 K (and that's high) - to EXPLORE what could be a $2 million profit possibility is only responsible ! Because that profit will be used to move the other mine developments forward without additional financing.
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