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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 Avocadopiton Apr 26, 2021 7:55am
50 Views
Post# 33065290

RE:RE:RE:RE:RE:RE:RE:Why?

RE:RE:RE:RE:RE:RE:RE:Why?Ask yourself a simple question. When they took the samples from the trenching in 2019, one of them graded exceptionally high:

253.60 g/t

Do you think they made this up? Same for other results from the trench assays and even the percussion drilling. 

94 g/t,  165 g/t.

If the stockpile is just waste material, what are these very high grade results doing there? The miners missed some gold? Possible. Actually, very likely. Processing methods were pretty crude back then.

Stamp mill and sluice box. Pretty much only gets whatever fine gold was freed from the ore. Near as I can tell from the reports they did not reprocess the ore, they just went after the easy pickings. This was very typical of lode mining back then. They followed the vein. No drilling to locate where there might be more gold bearing veins. Get what gold you can get with minimum effort, move onto the next batch. So there is a high probability that the stockpile contains a lof of gold. The above assays are evidence of that.

Unless you think they just made up the numbers, in which case there is nothing there. That's what some of the people posting on this board are implying. 
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