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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 KozmoTon Mar 10, 2021 12:22pm
41 Views
Post# 32763289

RE:Article on PHD: Some Questions to think about asking,....

RE:Article on PHD: Some Questions to think about asking,....If the numbers he quoted on recoveries are correct you can kiss this play goodbye ... "If some mines produced 225,000 ounces of gold over a hundred years ago they most certainly would have left at least 10% and maybe as high as 20%. 

Pumpers here have been claiming the previous miners left literally half the gold, 50% in the waste dump, for some bizarre reason. Furthermore Bob at the time believed the waste dump had 120,000 cubic meters but after the drilling PHD conducted that number was reduced to ... 25,000 cubic yards.

So basically the pile is 1/5 the size and only a fraction of the grade that folks had been pumping it at.  

Good luck with that bulk sample.... LOL
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