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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 givemeabreak1on May 14, 2021 10:46am
85 Views
Post# 33203137

I thought they did this already!

I thought they did this already!So I seem to recall over a year ago the company saying processing the stockpile was pretty simple and saying they new what equipment they needed.  

This got me to thinking!  So if they were sourcing the equipment over a year ago why would be they be hiring a consulting company to do what they supposedly already supposedly did.  Am I missing something here.  They seemed to be one really disorganized company.  They seem almost technology illiterate as far as their Zoom meetings.  Then of course there was the issue of drilling to spend all that money on drilling and assays to then say well precussion drilling doesn't really work on a stock pile what?  One of the reasons supposed was that the material gets pulverized and the gold would drop to the bottom of the hole.  Interestingly enough that does not appear to be the case.  If you look at the really high grade holes the high grade is near surface.  The grades beneath are much lower.  Then again to confirm the theory all you have to do is sample the stockpile at the bottom and you should get some really high grades.  At anyrate, 2 years of diddling around with a stockpile seems like such a waste if they believe these mines have gold drill them.  I know I keep hearing the stockpiles for cash flow.  That is sort of true when you have an old mine site with capabilities to run the material already not when you have to buy or lease everything.  Just one man's opinion but they seem to be beating a dead horse for what appears to be little money even if it is profitable....

V.PHD | April 27, 2021
The Company has now commissioned sourcing of equipment to Big Rock Consulting Inc. head office located in Kelowna, British Columbia. Big Rock specializes in the mining industry, with decades of experience in design, crushing, grinding and all aspects of milling.
 
Providence Gold Update
March 9, 2020
Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”), is pleased to announce that it is now proactively sourcing milling equipment to process the stockpile of material.

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