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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 KozmoTon Apr 17, 2021 11:44am
55 Views
Post# 33017121

RE:200 ozs not 2000

RE:200 ozs not 2000Avo didn't math it out real well ... 2000 oinces works out to 62,000 grams and there's no way that waste pile has anywhere close to 62,000 gms Au.  By the company's own confession it only has around 25,000 cubic yards and the average grade according to both drilling and trenching is under 1 gm/t.

Its not even clear that any of that low grade gold can even be extracted - keep in mind this is a waste pile!  The easy stuff has been had.
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