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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 Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located 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

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Post by Ernie1908on May 28, 2019 9:36am
35 Views
Post# 29777529

News out !!

News out !!Providence Gold Mines Inc. Hits the Providence Mineralized Zone Seven out of Eight Drill Holes (TheNewswire) (https://www.providencegold.com/) May 28, 2019 /TheNewswire/ Providence Gold MinesInc.(TSX-V: PHD)("the Company") is pleased to release updates on four moredrill holes in the first phase of a multi drill hole programat its Providence Group of Gold Mines, locatedin the historic Mother Lode Gold District near Sonora, California. John Kowalchuck, P.Geo and VP of Exploration states,"Wehave now intersected the historic past gold producing Providence veinzone in seven out of eight drill holes, all near surface. Two of thenew holes intersected well developed sulphidemineralized quartz veins". The first phase of a planned two - phase drillingprogram, (the first drillprogram ever performed on this past historical high-gradeproducer), is designed to intersect theProvidence vein system near surface and along strike. Drill Hole #5 from 61.0-61.4mintersected a narrow graphite sheared quartz vein. Our observationfrom examination on the 600 level that this is the type of shear thatthe historical miners were following as the Providence zone. The veinzone which blossoms along strike into much wider mineralized veinzones which they historically mined for gold. Drill Hole #6 from 7.7-9.65mintersected fault gouge followed by a 1.65 metre (5.4 feet) quartzvein Drill Hole # 7 intersected 40 cm qtzvein zone Drill Hole #8 intersected two zones: 1.68-2.18 m 40 cm (1.3 ft) quartz vein and 35.28-36.45m 1.18m (3.9ft) mineralized quartz vein Samples are now on their way to Bureau VeritasAnalytical Laboratory in Sparks, Nevada for analysis.
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