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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

Comment by Weebleon Dec 02, 2020 2:43pm
76 Views
Post# 32019463

RE:RE:RE:And still

RE:RE:RE:And stillKozmo, there are quite a few 10 g/t and a lot of 5 g/t on all of the trenches and the 90 g/t and over 500 g/t hits show that there is a lot of potential.    These are all only samples in shallow trenches.  If you got 90 or 500 hits, it shows they left a lot behind.  It was the early 1900s for crying out loud.

We really don't know what we have since all the samples so far have been on surface.  The present drill program to sample deeper into the stockpile should tell us much more.    Isn't that what the present program is all about?   It is too early for guarantees.

I hope for the best but plan for the worst.  If we end up at 3 g/t that would be great.  The company (low ball) estimate is 20,000 ounces.  I would be happy with that since our market cap is so small and it would do a lot to fund further underground exploration or mining.

None of this has anything to do with what is underground, which is the true value of the company.  You keep ignoring that (on purpose) but bashers spread FUD and you are good at it.   Nothing is without risk.   I would never say go all in on any junior miner,  but the rewards here could be huge.
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