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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 Avocadopiton May 13, 2021 1:51pm
56 Views
Post# 33195685

RE:RE:RE:RE:RE:Why I request DM for any intelligent questions.

RE:RE:RE:RE:RE:Why I request DM for any intelligent questions.

Published several times on their website, here is one of them:

https://www.providencegold.com/news/gold-in-stockpile-update/

Add them all up and you get 2+ grams per ton. Doesn't seem like much, but all they have to do is shovel the pre-processed ore into a hopper to crush and further process to get the gold out. Even at 70% yield you get 1.4 g/t, assume 50% costs (high) and they end up with .7 g/t in product. They conservatively estimated the size of the stockpile at 25K cubic yards, so using a conservative estimate of 2500 lbs per cubic yard yields about 20,000 ounces of gold. Well worth going after. I think there is a lot more gold in the stockpile than that, recovery methods 100 years ago were 50% at best. 

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