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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 MrGoldinveston Apr 29, 2021 2:06pm
69 Views
Post# 33094554

225000 ounces

225000 ounces
 225,000 ounces were extracted from the Providence mine - today's value approx. 280 million dollars - and the whole thing with, compared to today, the most primitive means! In 1907, a businessman leased the Providence mine, drove the sink shaft to level 11 and level 12, the deepest mining horizons to date, and with - compared to today's mining methods - brought about 30,000 ounces to light within a few months. At the time, no agreement was reached on the lease for another year, and the lower levels of the mine then filled with water. In 1918 a fire destroyed the above-ground facilities and almost all records.
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