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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

Post by DrHolidayon Dec 01, 2020 3:24pm
425 Views
Post# 32011454

Thar's gold in that thar stockpile!

Thar's gold in that thar stockpile!Any confirmation of visible gold in the stockpile by the labs after they finish assaying the rush samples from percussion drilling, will in my opinion demonstrate that the old miners did not mill the material enough to get strong recoveries from gravity separation.

Therefore, it is possible that 40% to 50% of the insitu gold in the host rock remains in the stockpile awaiting recovery with modern equipment which could then crush it down to a fine size and recover much of the gold left behind by the old miners. There are different styles of ball mills that can crush and pulverize the ore. It won't surprise me if the labs report visual gold in the rush samples just sent to Sparks, Nevada. How long it will take to get these back will depend on just how backed up the lab is right now. So, I think that January might be the earliest for a turnaround result regarding assays.

DOC
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