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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 ctoivoon Jan 21, 2021 3:20pm
92 Views
Post# 32350791

Nugget Effect

Nugget Effect      To go over it, because the mill pile is  loose material, they had to use percussion drilling and then they combined the cores and assayed them.  I believe they still may have it all ground down for a finely milled bulk sample because of  the nugget effect which will change the readings.  (remember they were finding them in the pile). 
     Assuming it all looks good , it  will cost about $500K to set up a portable mill system. (and a bit more for security, I’d reckon,) since they wouldn’t want any of the gold getting feet.


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