Bullboard - Stock Discussion Forum 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... see more

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TSXV:PHD - Post Discussion

Providence Gold Mines Inc > 200 ozs not 2000

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Post by Darkangel on Apr 17, 2021 7:41am

200 ozs not 2000

I would be happy with 2000 but looks like 200 .

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Comment by KozmoT on Apr 17, 2021 11:44am

Avo 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 ...more

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Comment by Cr00ks604 on Apr 17, 2021 1:59pm

The waste pile is last desperate attempt to try & make something out of this failed project. They talk all about the mines on the website, mention nothing of projected revenue from waste pile, telling anyone the project is in trouble. Under 300k in the bank. If the bulk sample is as weak as I'm expecting they have nothing but a leased claim doing nothing.

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Providence Gold Mines Inc